Renasant Bank overview
Renasant Bank has more than 200 locations across Mississippi, where it was founded in 1904, Alabama, Florida, Georgia and Tennessee. Today, it has approximately $16 billion in assets. In 2020, its mortgage lending division originated approximately $4.48 billion in residential loans. Among the standard suite of mortgage options, the lender also offers new construction loans with six- to 12-month terms and renovation loans.
Borrowers planning to buy or build a home in the Southeast and want to do business with a brick-and-mortar bank
- Rate-and-term and cash-out refinancing
- Home equity line of credit (HELOC)
- Construction and renovation loans
The Renasant Bank website does not disclose any lender fees, and a representative from the bank declined to share more details with Bankrate.
Renasant Bank does not publicly advertise rates on its website. To begin the loan process and learn what rate you qualify for, you can connect with a loan officer using the website’s state search tool or visit a branch location.
Renasant Bank is not accredited by the Better Business Bureau, but it has earned an A+ rating from the organization.
Renasant Bank’s website is fairly limited in terms of helpful tools and easily accessible information about mortgage products. There are a few helpful calculators to estimate affordability and help with refinance decisions, but for the most part, you will need to share your information with a loan officer to understand any of the costs and terms of a loan.
Minimum borrower requirements
Renasant Bank does not publish borrower requirements for any of its mortgage programs. However, new construction loan-to-value ratios are limited to 85 percent of when-completed appraised values.
Refinancing with Renasant Bank
You can refinance your existing mortgage with Renasant Bank, but the bank does not publicly advertise refinance rates or its fees.
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Breakdown of Renasant Bank overall review score
- Affordability: 14.75/15
- Availability: 11/15
- Borrower experience: 9/10
To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.