Magnolia Bank Mortgage Rates, Fees & Info

Magnolia, KY

LEI: 549300REENMLD2RN3W58

Tax ID: 61-0126230

3.2 stars - Updated: 3/28/24 - out of 5 stars, based on 51 reviews

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

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Mortgage Data

Review & Overview

Magnolia Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Magnolia Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Atlanta, Dallas, Philadelphia, and Gulfport among others. We have data for 339 markets. (Some data included below & more in-depth data is available with an active subscription.)

Magnolia Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Magnolia Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.72% 3/28/24
30 Year Conventional Refi 6.67% 3/28/24
30 Year Cash-out Refi 6.86% 3/28/24
30 Year FHA Purchase 7.39% 3/28/24
30 Year FHA Refi 7.22% 3/28/24
30 Year VA Purchase 6.35% 3/28/24
30 Year VA Refi 6.03% 3/28/24
30 Year USDA Purchase 6.83% 3/28/24
15 Year Conventional Purchase 6.16% 3/28/24
15 Year Conventional Refi 6.19% 3/28/24
15 Year Cash-out Refi 6.19% 3/28/24
15 Year FHA Purchase 5.68% 3/28/24
15 Year VA Purchase 6.08% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Magnolia Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Magnolia Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,649

Origination Dollar Volume (All Markets)

$717,025,000
Show all (10) awards

Relative Rate

Magnolia Bank's average 30 year fixed mortgage rate was 6.54%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.06%.

Relative Fees (Closing Costs)

Magnolia Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $10,728.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
LOUISVILLE, KY (FHA|USDA|VA) 286 $68,270,000 $238,706 $6,413 6.82%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 228 $61,860,000 $271,316 $10,159 6.48%
Outside of Metro Areas 223 $48,245,000 $216,345 $7,383 6.71%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 68 $24,690,000 $363,088 $10,501 6.47%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 52 $16,800,000 $323,077 $14,860 6.66%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 65 $15,535,000 $239,000 $8,735 6.49%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 29 $13,275,000 $457,759 $10,450 6.85%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 28 $11,530,000 $411,786 $22,449 6.45%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 61 $10,965,000 $179,754 $6,306 7.39%
SAVANNAH, GA (FHA|USDA|VA) 42 $10,870,000 $258,810 $8,972 6.33%
FLORENCE, SC (FHA|USDA|VA) 39 $9,685,000 $248,333 $8,361 6.64%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 24 $8,810,000 $367,083 $18,113 6.31%
BOWLING GREEN, KY (FHA|USDA|VA) 37 $8,805,000 $237,973 $3,877 6.67%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 18 $8,630,000 $479,444 $21,552 6.15%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 22 $8,340,000 $379,091 $20,745 5.94%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 37 $8,055,000 $217,703 $6,898 6.65%
JACKSON, MS (FHA|USDA|VA) 30 $8,030,000 $267,667 $6,920 6.95%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 20 $7,840,000 $392,000 $17,544 6.94%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 19 $7,625,000 $401,316 $12,645 6.37%
Bardstown, KY (FHA|USDA|VA) 33 $7,395,000 $224,091 $5,497 6.73%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 21 $7,085,000 $337,381 $15,482 6.24%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 16 $6,980,000 $436,250 $21,792 6.32%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 27 $6,685,000 $247,593 $7,353 6.77%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 26 $6,510,000 $250,385 $10,700 6.61%
COLUMBIA, SC (FHA|USDA|VA) 30 $6,470,000 $215,667 $7,604 6.37%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 23 $6,185,000 $268,913 $7,678 6.61%
Columbus, MS (FHA|USDA|VA) 27 $5,385,000 $199,444 $7,891 6.42%
LaGrange, GA-AL (FHA|USDA|VA) 24 $5,230,000 $217,917 $8,291 6.78%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 18 $5,090,000 $282,778 $10,589 6.41%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 13 $4,885,000 $375,769 $19,097 5.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 15 $4,815,000 $321,000 $16,133 6.52%
IDAHO FALLS, ID (FHA|USDA|VA) 17 $4,695,000 $276,176 $8,564 6.48%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 12 $4,500,000 $375,000 $18,387 6.09%
ASHEVILLE, NC (FHA|USDA|VA) 17 $4,445,000 $261,471 $4,521 6.62%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 14 $4,430,000 $316,429 $15,274 6.52%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 19 $4,375,000 $230,263 $7,735 6.61%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 17 $4,365,000 $256,765 $13,102 6.24%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 22 $4,290,000 $195,000 $11,312 6.64%
Corsicana, TX (FHA|USDA|VA) 15 $4,215,000 $281,000 $5,390 6.92%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $4,025,000 $447,222 $21,747 6.01%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $3,995,000 $443,889 $22,305 6.49%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 13 $3,775,000 $290,385 $7,589 6.77%
ALBUQUERQUE, NM (FHA|USDA|VA) 12 $3,660,000 $305,000 $14,368 6.29%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 13 $3,635,000 $279,615 $7,367 6.02%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $3,485,000 $268,077 $14,123 6.40%
HUNTSVILLE, AL (FHA|USDA|VA) 11 $3,395,000 $308,636 $15,152 6.41%
RICHMOND, VA (FHA|USDA|VA) 9 $3,105,000 $345,000 $14,747 6.51%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $2,915,000 $416,429 $26,577 5.95%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $2,795,000 $399,286 $17,232 6.66%
Jefferson, GA (FHA|USDA|VA) 7 $2,795,000 $399,286 $7,691 6.68%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $2,755,000 $393,571 $16,828 6.34%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 11 $2,745,000 $249,545 $16,159 6.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 9 $2,645,000 $293,889 $17,618 6.86%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $2,615,000 $523,000 $25,875 6.40%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 10 $2,580,000 $258,000 $10,530 6.51%
COLORADO SPRINGS, CO (FHA|USDA|VA) 8 $2,580,000 $322,500 $16,727 5.83%
DOVER, DE (FHA|USDA|VA) 8 $2,530,000 $316,250 $13,908 6.47%
Mayfield, KY (FHA|USDA|VA) 19 $2,525,000 $132,895 $4,490 6.68%
SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $2,470,000 $411,667 $14,670 6.04%
KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $2,375,000 $263,889 $13,254 6.28%
HINESVILLE, GA (FHA|USDA|VA) 9 $2,335,000 $259,444 $11,339 6.54%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,320,000 $580,000 $21,225 6.25%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 4 $2,310,000 $577,500 $21,047 6.81%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 9 $2,285,000 $253,889 $11,670 6.54%
Paducah, KY-IL (FHA|USDA|VA) 14 $2,250,000 $160,714 $3,947 6.68%
PITTSBURGH, PA (FHA|USDA|VA) 8 $2,220,000 $277,500 $17,474 6.23%
Murray, KY (FHA|USDA|VA) 11 $2,215,000 $201,364 $6,547 6.56%
KNOXVILLE, TN (FHA|USDA|VA) 5 $2,205,000 $441,000 $19,095 6.27%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 11 $2,205,000 $200,455 $7,811 6.53%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 8 $2,140,000 $267,500 $13,490 6.37%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $2,090,000 $348,333 $19,994 6.44%
BOISE CITY, ID (FHA|USDA|VA) 6 $2,070,000 $345,000 $18,759 5.79%
SALT LAKE CITY, UT (FHA|USDA|VA) 6 $2,060,000 $343,333 $20,100 6.31%
Tupelo, MS (FHA|USDA|VA) 13 $2,055,000 $158,077 $5,919 6.38%
CANTON-MASSILLON, OH (FHA|USDA|VA) 8 $2,030,000 $253,750 $13,130 6.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 8 $1,930,000 $241,250 $15,829 6.47%
FAYETTEVILLE, NC (FHA|USDA|VA) 8 $1,910,000 $238,750 $11,813 6.66%
ANCHORAGE, AK (FHA|USDA|VA) 5 $1,895,000 $379,000 $18,611 6.70%
Cedartown, GA (FHA|USDA|VA) 6 $1,870,000 $311,667 $11,387 6.42%
Mineral Wells, TX (FHA|USDA|VA) 8 $1,850,000 $231,250 $6,377 6.86%
ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,795,000 $256,429 $14,269 6.14%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $1,665,000 $237,857 $12,033 6.36%
TUCSON, AZ (FHA|USDA|VA) 6 $1,660,000 $276,667 $17,874 5.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $1,635,000 $233,571 $8,943 6.43%
AKRON, OH (FHA|USDA|VA) 9 $1,585,000 $176,111 $9,855 6.21%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,575,000 $315,000 $19,249 6.15%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,565,000 $521,667 $17,150 6.96%
Toccoa, GA (FHA|USDA|VA) 4 $1,470,000 $367,500 $5,766 6.53%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,435,000 $287,000 $12,483 6.60%
Roseburg, OR (FHA|USDA|VA) 4 $1,430,000 $357,500 $20,254 6.06%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,400,000 $350,000 $12,401 6.44%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,390,000 $347,500 $20,807 6.13%
COLUMBUS, GA-AL (FHA|USDA|VA) 5 $1,385,000 $277,000 $14,036 6.30%
Shelbyville, TN (FHA|USDA|VA) 4 $1,350,000 $337,500 $4,169 6.69%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,265,000 $253,000 $9,940 6.90%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,260,000 $630,000 $33,578 6.19%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,240,000 $310,000 $15,896 5.88%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $1,235,000 $411,667 $26,024 6.33%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $1,225,000 $408,333 $12,960 6.79%
SPARTANBURG, SC (FHA|USDA|VA) 6 $1,220,000 $203,333 $6,114 7.02%
COLUMBUS, OH (FHA|USDA|VA) 5 $1,215,000 $243,000 $13,330 6.55%
Starkville, MS (FHA|USDA|VA) 5 $1,205,000 $241,000 $10,849 5.80%
LANCASTER, PA (FHA|USDA|VA) 4 $1,190,000 $297,500 $10,553 7.13%
Campbellsville, KY (FHA|USDA|VA) 7 $1,185,000 $169,286 $6,883 7.02%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,165,000 $388,333 $19,537 5.96%
SPRINGFIELD, MO (FHA|USDA|VA) 3 $1,115,000 $371,667 $25,842 6.00%
Glasgow, KY (FHA|USDA|VA) 6 $1,110,000 $185,000 $8,381 6.62%
HATTIESBURG, MS (FHA|USDA|VA) 4 $1,110,000 $277,500 $11,590 6.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,095,000 $365,000 $17,169 5.71%
CLEVELAND, TN (FHA|USDA|VA) 3 $1,095,000 $365,000 $10,037 6.54%
Frankfort, KY (FHA|USDA|VA) 5 $1,095,000 $219,000 $6,009 6.90%
Sevierville, TN (FHA|USDA|VA) 2 $1,050,000 $525,000 $21,964 6.44%
Richmond-Berea, KY (FHA|USDA|VA) 5 $1,035,000 $207,000 $10,779 7.40%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,035,000 $345,000 $12,648 6.46%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $1,030,000 $257,500 $14,776 6.15%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $6,356 7.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $1,020,000 $255,000 $10,098 6.47%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $1,010,000 $252,500 $13,491 6.62%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 4 $1,010,000 $252,500 $8,884 6.31%
Central City, KY (FHA|USDA|VA) 6 $980,000 $163,333 $5,227 6.35%
Statesboro, GA (FHA|USDA|VA) 4 $980,000 $245,000 $11,655 6.34%
MONTGOMERY, AL (FHA|USDA|VA) 3 $945,000 $315,000 $16,918 6.75%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $925,000 $308,333 $13,328 6.17%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $920,000 $460,000 $21,194 6.50%
West Point, MS (FHA|USDA|VA) 6 $920,000 $153,333 $5,427 6.31%
McMinnville, TN (FHA|USDA|VA) 5 $915,000 $183,000 $9,070 6.23%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $905,000 $301,667 $13,345 6.62%
ANN ARBOR, MI (FHA|USDA|VA) 2 $900,000 $450,000 $28,316 6.56%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 4 $890,000 $222,500 $8,588 6.41%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $885,000 $295,000 $15,234 6.83%
RENO, NV (FHA|USDA|VA) 2 $880,000 $440,000 $26,532 6.38%
BATON ROUGE, LA (FHA|USDA|VA) 4 $880,000 $220,000 $11,836 6.47%
Greenwood, SC (FHA|USDA|VA) 2 $880,000 $440,000 $13,705 6.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 4 $850,000 $212,500 $6,382 6.97%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $830,000 $207,500 $6,404 6.94%
DANVILLE, IL (FHA|USDA|VA) 9 $825,000 $91,667 $4,304 6.43%
LAWTON, OK (FHA|USDA|VA) 3 $825,000 $275,000 $9,941 6.38%
Oak Harbor, WA (FHA|USDA|VA) 2 $800,000 $400,000 $19,198 6.12%
Alamogordo, NM (FHA|USDA|VA) 3 $795,000 $265,000 $8,432 6.00%
GREELEY, CO (FHA|USDA|VA) 2 $790,000 $395,000 $18,244 5.75%
TULSA, OK (FHA|USDA|VA) 3 $775,000 $258,333 $19,328 6.21%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $770,000 $385,000 $18,168 5.88%
MADISON, WI (FHA|USDA|VA) 3 $765,000 $255,000 $13,273 5.96%
Jesup, GA (FHA|USDA|VA) 3 $765,000 $255,000 $9,792 7.04%
JOHNSON CITY, TN (FHA|USDA|VA) 3 $765,000 $255,000 $12,945 5.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $755,000 $251,667 $17,137 6.62%
Torrington, CT (FHA|USDA|VA) 3 $755,000 $251,667 $9,842 6.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $755,000 $251,667 $10,766 6.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $750,000 $375,000 $26,237 6.06%
Oxford, MS (FHA|USDA|VA) 3 $745,000 $248,333 $14,238 6.54%
FARMINGTON, NM (FHA|USDA|VA) 2 $730,000 $365,000 $22,364 5.75%
STOCKTON, CA (FHA|USDA|VA) 2 $720,000 $360,000 $16,220 6.25%
LAS CRUCES, NM (FHA|USDA|VA) 2 $720,000 $360,000 $26,204 6.31%
WARNER ROBINS, GA (FHA|USDA|VA) 3 $715,000 $238,333 $14,481 6.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $710,000 $355,000 $23,395 6.25%
RAPID CITY, SD (FHA|USDA|VA) 2 $710,000 $355,000 $17,108 5.94%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $710,000 $355,000 $18,906 6.69%
Cookeville, TN (FHA|USDA|VA) 2 $700,000 $350,000 $15,660 5.88%
FRESNO, CA (FHA|USDA|VA) 2 $700,000 $350,000 $18,492 6.63%
COLUMBIA, MO (FHA|USDA|VA) 3 $695,000 $231,667 $3,598 6.71%
OWENSBORO, KY (FHA|USDA|VA) 4 $690,000 $172,500 $4,994 6.91%
VISALIA, CA (FHA|USDA|VA) 2 $680,000 $340,000 $19,452 6.00%
Somerset, KY (FHA|USDA|VA) 2 $680,000 $340,000 $10,045 7.56%
ROANOKE, VA (FHA|USDA|VA) 2 $680,000 $340,000 $10,602 6.63%
BLOOMINGTON, IN (FHA|USDA|VA) 4 $670,000 $167,500 $5,990 7.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 4 $670,000 $167,500 $3,572 7.03%
NEW BERN, NC (FHA|USDA|VA) 2 $670,000 $335,000 $13,814 6.50%
JONESBORO, AR (FHA|USDA|VA) 3 $655,000 $218,333 $11,405 6.58%
MOBILE, AL (FHA|USDA|VA) 3 $655,000 $218,333 $9,345 6.46%
Elko, NV (FHA|USDA|VA) 2 $650,000 $325,000 $15,583 7.06%
REDDING, CA (FHA|USDA|VA) 2 $620,000 $310,000 $11,067 6.63%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $615,000 $205,000 $8,152 6.88%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $605,000 $201,667 $10,611 6.71%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 3 $595,000 $198,333 $5,829 6.79%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $590,000 $295,000 $15,366 6.56%
Sanford, NC (FHA|USDA|VA) 2 $590,000 $295,000 $20,923 6.19%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $580,000 $290,000 $18,141 6.44%
GOLDSBORO, NC (FHA|USDA|VA) 2 $580,000 $290,000 $18,173 6.31%
Lewisburg, TN (FHA|USDA|VA) 2 $580,000 $290,000 $11,461 6.50%
Madison, IN (FHA|USDA|VA) 3 $565,000 $188,333 $2,985 6.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $560,000 $280,000 $16,268 6.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $555,000 $555,000 $20,379 5.50%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $550,000 $275,000 $21,727 5.63%
MORGANTOWN, WV (FHA|USDA|VA) 2 $550,000 $275,000 $9,359 6.81%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $550,000 $275,000 $9,051 6.69%
SALEM, OR (FHA|USDA|VA) 2 $550,000 $275,000 $22,615 6.94%
MONROE, LA (FHA|USDA|VA) 2 $540,000 $270,000 $19,715 6.37%
Brevard, NC (FHA|USDA|VA) 2 $540,000 $270,000 $14,426 6.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $540,000 $270,000 $8,811 7.19%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $535,000 $535,000 $32,103 5.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $535,000 $178,333 $8,830 6.17%
LAFAYETTE, LA (FHA|USDA|VA) 2 $520,000 $260,000 $9,316 7.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $515,000 $171,667 $15,609 6.92%
Jackson, WY-ID (FHA|USDA|VA) 1 $505,000 $505,000 $12,181 7.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $495,000 $495,000 $24,688 6.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $490,000 $245,000 $19,509 6.31%
TOPEKA, KS (FHA|USDA|VA) 2 $490,000 $245,000 $16,678 6.06%
DOTHAN, AL (FHA|USDA|VA) 1 $485,000 $485,000 $29,556 5.63%
Corinth, MS (FHA|USDA|VA) 3 $485,000 $161,667 $5,370 6.79%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $480,000 $240,000 $14,102 7.00%
Albertville, AL (FHA|USDA|VA) 2 $480,000 $240,000 $12,172 6.75%
Picayune, MS (FHA|USDA|VA) 2 $480,000 $240,000 $8,451 6.19%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $475,000 $475,000 $22,507 6.75%
Riverton, WY (FHA|USDA|VA) 2 $470,000 $235,000 $11,456 6.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $470,000 $235,000 $15,232 5.94%
ROME, GA (FHA|USDA|VA) 3 $465,000 $155,000 $5,478 6.67%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $465,000 $465,000 $17,321 7.25%
VALLEJO, CA (FHA|USDA|VA) 1 $465,000 $465,000 $19,503 6.75%
GRAND ISLAND, NE (FHA|USDA|VA) 2 $460,000 $230,000 $10,056 6.06%
SUMTER, SC (FHA|USDA|VA) 2 $440,000 $220,000 $10,601 6.56%
Waycross, GA (FHA|USDA|VA) 2 $440,000 $220,000 $8,679 6.06%
KINGSTON, NY (FHA|USDA|VA) 1 $435,000 $435,000 $15,246 7.50%
Bozeman, MT (FHA|USDA|VA) 1 $435,000 $435,000 $18,207 6.13%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $425,000 $425,000 $36,368 6.00%
PROVO-OREM, UT (FHA|USDA|VA) 1 $425,000 $425,000 $31,937 6.25%
TOLEDO, OH (FHA|USDA|VA) 2 $420,000 $210,000 $8,165 6.50%
Kearney, NE (FHA|USDA|VA) 1 $405,000 $405,000 $20,123 5.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $405,000 $135,000 $7,777 6.46%
Bennettsville, SC (FHA|USDA|VA) 2 $400,000 $200,000 $5,816 6.75%
Hilo, HI (FHA|USDA|VA) 1 $395,000 $395,000 $36,355 5.75%
Warrensburg, MO (FHA|USDA|VA) 1 $395,000 $395,000 $21,033 5.99%
Wilmington, OH (FHA|USDA|VA) 1 $385,000 $385,000 $4,523 7.75%
Kalispell, MT (FHA|USDA|VA) 1 $385,000 $385,000 $13,733 5.25%
Blackfoot, ID (FHA|USDA|VA) 2 $380,000 $190,000 $6,425 6.50%
Poplar Bluff, MO (FHA|USDA|VA) 2 $380,000 $190,000 $2,494 6.38%
WACO, TX (FHA|USDA|VA) 1 $375,000 $375,000 $6,787 7.38%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $375,000 $375,000 $12,519 6.75%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $375,000 $375,000 $12,869 6.63%
JACKSON, TN (FHA|USDA|VA) 1 $375,000 $375,000 $15,624 6.75%
Gillette, WY (FHA|USDA|VA) 1 $375,000 $375,000 $19,915 7.25%
ROCHESTER, NY (FHA|USDA|VA) 2 $370,000 $185,000 $12,886 6.56%
GAINESVILLE, GA (FHA|USDA|VA) 2 $370,000 $185,000 $4,311 7.13%
YUMA, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $15,739 6.88%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $365,000 $365,000 $27,392 5.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $365,000 $365,000 $16,407 6.88%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $360,000 $180,000 $8,774 6.56%
Duncan, OK (FHA|USDA|VA) 1 $355,000 $355,000 $14,346 6.25%
Sikeston, MO (FHA|USDA|VA) 3 $355,000 $118,333 $3,301 6.67%
Prineville, OR (FHA|USDA|VA) 1 $355,000 $355,000 $16,452 5.50%
Danville, KY (FHA|USDA|VA) 2 $350,000 $175,000 $4,385 6.69%
RACINE, WI (FHA|USDA|VA) 1 $345,000 $345,000 $17,847 6.25%
Plymouth, IN (FHA|USDA|VA) 1 $345,000 $345,000 $15,316 6.88%
Coos Bay, OR (FHA|USDA|VA) 1 $345,000 $345,000 $17,750 6.49%
Albemarle, NC (FHA|USDA|VA) 1 $345,000 $345,000 $15,075 5.50%
Outside of Metro Areas 1 $335,000 $335,000 $17,320 5.63%
READING, PA (FHA|USDA|VA) 1 $335,000 $335,000 $17,909 6.25%
MISSOULA, MT (FHA|USDA|VA) 1 $335,000 $335,000 $26,561 5.25%
Enterprise, AL (FHA|USDA|VA) 1 $325,000 $325,000 $16,646 6.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $14,883 6.50%
Rochelle, IL (FHA|USDA|VA) 1 $325,000 $325,000 $18,260 6.38%
Sedalia, MO (FHA|USDA|VA) 1 $325,000 $325,000 $11,360 6.75%
Zanesville, OH (FHA|USDA|VA) 1 $315,000 $315,000 $10,255 5.99%
ROCKFORD, IL (FHA|USDA|VA) 1 $315,000 $315,000 $14,039 7.25%
Crawfordsville, IN (FHA|USDA|VA) 1 $315,000 $315,000 $15,580 6.49%
Greenwood, MS (FHA|USDA|VA) 2 $310,000 $155,000 $5,522 7.06%
ROCHESTER, MN (FHA|USDA|VA) 1 $305,000 $305,000 $14,341 6.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $305,000 $305,000 $14,893 6.25%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $305,000 $305,000 $20,501 6.75%
Shelby, NC (FHA|USDA|VA) 1 $305,000 $305,000 $13,693 6.13%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $305,000 $305,000 $16,674 5.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $305,000 $305,000 $15,167 6.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $295,000 $295,000 $12,665 6.25%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $295,000 $295,000 $11,485 7.75%
Wooster, OH (FHA|USDA|VA) 1 $295,000 $295,000 $15,078 6.75%
Show Low, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $13,401 6.38%
El Campo, TX (FHA|USDA|VA) 1 $295,000 $295,000 $5,910 5.75%
ALBANY, GA (FHA|USDA|VA) 1 $295,000 $295,000 $9,282 6.50%
BURLINGTON, NC (FHA|USDA|VA) 1 $295,000 $295,000 $10,817 7.13%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $285,000 $285,000 $12,081 6.25%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $285,000 $285,000 $9,855 7.38%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $285,000 $285,000 $9,118 6.62%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $285,000 $285,000 $16,826 6.13%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $21,079 6.13%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $275,000 $275,000 $13,103 5.75%
WALLA WALLA, WA (FHA|USDA|VA) 1 $275,000 $275,000 $11,710 6.25%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $265,000 $265,000 $14,231 5.99%
JOPLIN, MO (FHA|USDA|VA) 1 $265,000 $265,000 $9,343 6.75%
OCALA, FL (FHA|USDA|VA) 2 $260,000 $130,000 $9,560 6.56%
Scottsbluff, NE (FHA|USDA|VA) 1 $255,000 $255,000 $13,919 5.75%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $255,000 $255,000 $19,748 6.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $255,000 $255,000 $12,065 6.99%
FLINT, MI (FHA|USDA|VA) 1 $255,000 $255,000 $22,273 5.99%
Athens, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,494 6.13%
Clovis, NM (FHA|USDA|VA) 1 $255,000 $255,000 $20,007 6.75%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $255,000 $255,000 $13,463 6.13%
ERIE, PA (FHA|USDA|VA) 1 $255,000 $255,000 $12,635 5.99%
PEORIA, IL (FHA|USDA|VA) 1 $245,000 $245,000 $11,744 7.13%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $8,380 7.99%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $245,000 $245,000 $12,857 6.25%
MANHATTAN, KS (FHA|USDA|VA) 1 $245,000 $245,000 $10,353 5.25%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $21,505 6.88%
Rexburg, ID (FHA|USDA|VA) 1 $245,000 $245,000 $14,152 6.13%
Athens, TN (FHA|USDA|VA) 1 $245,000 $245,000 $9,731 5.75%
APPLETON, WI (FHA|USDA|VA) 1 $235,000 $235,000 $9,833 7.13%
Pahrump, NV (FHA|USDA|VA) 1 $235,000 $235,000 $13,269 5.63%
DECATUR, AL (FHA|USDA|VA) 1 $235,000 $235,000 $12,156 5.88%
Red Bluff, CA (FHA|USDA|VA) 1 $235,000 $235,000 $10,528 6.13%
Ontario, OR-ID (FHA|USDA|VA) 1 $235,000 $235,000 $18,357 5.38%
Marion, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,572 6.38%
SANTA FE, NM (FHA|USDA|VA) 1 $225,000 $225,000 $9,848 5.25%
SAGINAW, MI (FHA|USDA|VA) 1 $215,000 $215,000 $7,912 6.13%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $215,000 $215,000 $12,222 5.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $215,000 $215,000 $10,007 6.63%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $215,000 $215,000 $17,996 5.75%
MONROE, MI (FHA|USDA|VA) 1 $215,000 $215,000 $14,718 5.63%
Norwalk, OH (FHA|USDA|VA) 2 $210,000 $105,000 $4,905 6.87%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,242 7.00%
Safford, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $16,504 6.13%
Sayre, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,771 6.50%
IOWA CITY, IA (FHA|USDA|VA) 1 $195,000 $195,000 $8,977 6.88%
Paragould, AR (FHA|USDA|VA) 1 $195,000 $195,000 $5,136 7.63%
Pearsall, TX (FHA|USDA|VA) 2 $190,000 $95,000 $7,481 6.63%
MEDFORD, OR (FHA|USDA|VA) 1 $185,000 $185,000 $10,618 6.38%
London, KY (FHA|USDA|VA) 1 $185,000 $185,000 $6,842 5.75%
Farmington, MO (FHA|USDA|VA) 2 $180,000 $90,000 $3,525 6.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $15,748 5.75%
Salem, OH (FHA|USDA|VA) 1 $175,000 $175,000 $10,294 6.25%
MERCED, CA (FHA|USDA|VA) 1 $175,000 $175,000 $12,835 6.13%
GREEN BAY, WI (FHA|USDA|VA) 1 $175,000 $175,000 $11,206 6.00%
Cullman, AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,315 7.38%
Summerville, GA (FHA|USDA|VA) 1 $155,000 $155,000 $10,591 5.13%
Searcy, AR (FHA|USDA|VA) 1 $155,000 $155,000 $4,061 6.88%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $150,000 $75,000 $4,333 6.06%
Huntsville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.50%
Orangeburg, SC (FHA|USDA|VA) 1 $145,000 $145,000 $5,142 6.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $8,226 6.25%
Vicksburg, MS (FHA|USDA|VA) 1 $135,000 $135,000 $7,192 7.13%
Scottsburg, IN (FHA|USDA|VA) 1 $135,000 $135,000 $4,026 6.63%
Forest City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $9,596 7.13%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.63%
LONGVIEW, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,398 7.13%
Grenada, MS (FHA|USDA|VA) 1 $135,000 $135,000 $3,901 7.13%
Madisonville, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,493 6.38%
PINE BLUFF, AR (FHA|USDA|VA) 1 $125,000 $125,000 $3,859 7.13%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $115,000 $115,000 $9,288 6.13%
Ashtabula, OH (FHA|USDA|VA) 1 $115,000 $115,000 $9,243 5.88%
Keene, NH (FHA|USDA|VA) 1 $115,000 $115,000 $6,574 7.13%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,450 7.50%
Dublin, GA (FHA|USDA|VA) 1 $65,000 $65,000 $4,774 8.50%
Magnolia Bank's top markets include Louisville, Atlanta, Dallas, Philadelphia, and Gulfport among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,181 $286,495,000 $242,587 $6,247 6.85%
    VA 868 $292,800,000 $337,327 $16,367 6.24%
    FHA 446 $110,280,000 $247,265 $11,426 6.51%
    USDA 154 $27,450,000 $178,247 $6,639 6.39%

    For 2023, Magnolia Bank's most frequently originated type of loan was Conventional, with 1,181 originations. Their 2nd most popular type was VA, with 868 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,657 $423,455,000 $255,555 $7,906 6.65%
    Cash Out Refi 839 $264,785,000 $315,596 $16,588 6.32%
    Refi 62 $12,780,000 $206,129 $5,219 6.97%
    Home Improvement 47 $6,925,000 $147,340 $6,143 7.05%
    Other 44 $9,080,000 $206,364 $6,576 6.96%

    For 2023, Magnolia Bank's most frequently cited loan purpose was Home Purchase, with 1,657 originations. The 2nd most popular reason was Cash Out Refi, with 839 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,501 $686,035,000 $274,304 $10,728 6.54%
    Other 58 $15,850,000 $273,276 $15,985 7.05%
    20 Year 44 $7,470,000 $169,773 $5,710 7.13%
    15 Year 33 $6,335,000 $191,970 $5,409 6.54%
    10 Year 11 $955,000 $86,818 $3,561 6.93%
    1 Year 2 $380,000 $190,000 $0 8.33%

    For 2023, Magnolia Bank's most frequently cited loan duration was 30 Year, with 2,501 originations. The 2nd most popular length was Other, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,185 $400,015,000 $337,565
    $1k-2k 423 $95,365,000 $225,449
    $2k-3k 271 $55,485,000 $204,742
    $<1k 238 $52,930,000 $222,395
    $3k-4k 223 $50,415,000 $226,076
    $4k-5k 174 $40,480,000 $232,644

    Magnolia Bank's average total fees were $10,728, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,185 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,401 $371,965,000 $265,500
    5-6% 602 $182,970,000 $303,937
    7-8% 593 $152,115,000 $256,518
    Over 8% 37 $6,045,000 $163,378
    4-5% 13 $3,875,000 $298,077
    <2.5% 3 $55,000 $18,333

    During 2023, Magnolia Bank's average interest rate for loans was 6.54%, while their most frequently originated rate bucket for loans was 6-7%, with 1,401 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,366 $390,400,000 $285,798 $11,707 6.47%
    $100k-200k 776 $121,400,000 $156,443 $5,720 6.73%
    $400k-600k 299 $141,565,000 $473,462 $16,765 6.45%
    $100,000 or less 130 $9,710,000 $74,692 $4,071 6.83%
    $600k-1MM 78 $53,950,000 $691,667 $23,090 6.56%

    2023 saw Magnolia Bank place emphasis on $200k-400k loans with 1,366 originations, totaling $390,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 734 $161,380,000 $219,864 $9,729 6.47%
    $100k-150k 637 $208,925,000 $327,983 $12,616 6.58%
    $75k-100k 567 $149,495,000 $263,660 $10,882 6.54%
    $50k or less 314 $46,930,000 $149,459 $6,718 6.54%
    $150k-250k 297 $115,235,000 $387,997 $13,423 6.66%
    $250k+ 75 $29,875,000 $398,333 $8,886 7.06%

    Magnolia Bank lent most frequently to those with incomes in the $50k-75k range, with 734 originations. The second most popular income band? $100k-150k, with 637 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 394 $97,410,000 $247,234 $8,571 6.62%
    50-60% 364 $122,650,000 $336,951 $16,969 6.34%
    20-30% 312 $73,550,000 $235,737 $7,932 6.62%
    49% 122 $35,940,000 $294,590 $11,084 6.55%
    47% 120 $34,370,000 $286,417 $12,460 6.56%
    44% 111 $28,255,000 $254,550 $10,420 6.69%
    40% 110 $28,470,000 $258,818 $9,317 6.55%
    48% 110 $32,330,000 $293,909 $12,090 6.60%
    42% 110 $31,230,000 $283,909 $9,446 6.66%
    43% 108 $30,820,000 $285,370 $11,429 6.63%
    45% 105 $30,455,000 $290,048 $10,750 6.49%
    38% 105 $27,725,000 $264,048 $9,072 6.51%
    39% 101 $27,025,000 $267,574 $10,096 6.52%
    41% 91 $23,415,000 $257,308 $8,622 6.58%
    36% 89 $22,175,000 $249,157 $9,980 6.53%
    <20% 88 $17,800,000 $202,273 $5,662 6.53%
    37% 82 $20,590,000 $251,098 $9,807 6.47%
    46% 78 $24,510,000 $314,231 $12,336 6.58%
    >60% 1 $245,000 $245,000 $11,655 5.25%

    Magnolia Bank lent most frequently to those with DTI ratios of 30-36%, with 394 originations. The next most common DTI ratio? 50-60%, with 364 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,022 $534,850,000 $264,515 $9,908 6.59%
    Black 311 $96,405,000 $309,984 $15,620 6.40%
    Not provided 190 $53,360,000 $280,842 $10,844 6.49%
    Asian 87 $23,865,000 $274,310 $9,474 6.72%
    American Indian 12 $3,070,000 $255,833 $12,793 6.42%
    Not applicable 17 $2,745,000 $161,471 $0 7.62%
    Native Hawaiian or Islander 4 $1,300,000 $325,000 $22,078 6.22%
    Other Pacific Islander 2 $630,000 $315,000 $14,089 5.81%
    Asian Indian 2 $350,000 $175,000 $6,919 6.06%
    Japanese 1 $255,000 $255,000 $5,447 5.99%
    Chinese 1 $195,000 $195,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    90.84%

    Magnolia Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.35%

    Magnolia Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,649 $717,025,000 $270,678

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,649 $717,025,000 $270,678

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $17,825,000 $176,485 $5,171 6.71%
    40-60% 225 $49,035,000 $217,933 $7,237 6.67%
    60-80% 617 $164,015,000 $265,827 $9,526 6.67%
    80-100% 1,640 $469,420,000 $286,232 $11,790 6.51%
    Over 100% 45 $14,105,000 $313,444 $15,182 6.20%
    Under 20% 21 $2,625,000 $125,000 $3,461 6.59%