Magnolia State Bank Mortgage Rates, Fees & Info

Eastman, GA

LEI: 254900Z8I9USTJ1JA072

Tax ID: 58-0152760

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Magnolia State Bank is a smaller bank specializing in Home Purchase and Refi loans. Magnolia State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milledgeville, Warner Robins, Macon, Dublin, and Atlanta among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Magnolia State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    86

    Origination Dollar Volume (All Markets)

    $10,540,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Milledgeville, GA (FHA|USDA|VA) 32 $4,830,000 $150,938 $0 0.00%
    Outside of Metro Areas 26 $1,870,000 $71,923 $0 0.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 12 $1,670,000 $139,167 $0 0.00%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 6 $1,020,000 $170,000 $0 0.00%
    Dublin, GA (FHA|USDA|VA) 7 $465,000 $66,429 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Statesboro, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Magnolia State Bank's top markets include Milledgeville, Warner Robins, Macon, Dublin, and Atlanta among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 86 $10,540,000 $122,558 $0 0.00%

    For 2022, Magnolia State Bank's most frequently originated type of loan was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $7,425,000 $165,000 $0 0.00%
    Refi 28 $2,460,000 $87,857 $0 0.00%
    Home Improvement 6 $260,000 $43,333 $0 0.00%
    Cash Out Refi 6 $300,000 $50,000 $0 0.00%
    Other 1 $95,000 $95,000 $0 0.00%

    For 2022, Magnolia State Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $10,540,000 $122,558 $0 0.00%

    For 2022, Magnolia State Bank's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $3,420,000 $57,000 $0 0.00%
    $100k-200k 12 $1,680,000 $140,000 $0 0.00%
    $200k-400k 10 $2,800,000 $280,000 $0 0.00%
    $400k-600k 2 $1,020,000 $510,000 $0 0.00%
    $600k-1MM 2 $1,620,000 $810,000 $0 0.00%

    2022 saw Magnolia State Bank place emphasis on $100,000 or less loans with 60 originations, totaling $3,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $1,055,000 $81,154 $0 0.00%
    $50k or less 13 $905,000 $69,615 $0 0.00%
    $75k-100k 8 $690,000 $86,250 $0 0.00%
    $250k+ 6 $820,000 $136,667 $0 0.00%
    $150k-250k 5 $845,000 $169,000 $0 0.00%
    $100k-150k 4 $330,000 $82,500 $0 0.00%

    Magnolia State Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 86 $10,540,000 $122,558 $0 0.00%

    Magnolia State Bank lent most frequently to those with DTI ratios of Exempt%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 35 $5,675,000 $162,143 $0 0.00%
    White 40 $3,410,000 $85,250 $0 0.00%
    Black 11 $1,455,000 $132,273 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.57%

    Magnolia State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.84%

    Magnolia State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 86 $10,540,000 $122,558

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    86 $10,540,000 $122,558