Magnolia Bank in Alabama vs the state
7.0%Denial rate-12.89 pts vs state
8.1%Decision denial rate-16.95 pts vs state
78.4%Origination rate+23.00 pts vs state
6.31%Median rate-0.19 pts vs state
0.28Rate spread (pts)-0.01 pts vs state
$90kMedian applicant income
214Loans originated
19Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 95 | 77 | 3.2% | 6.62% | #206 |
| 2024 | 216 | 168 | 6.5% | 6.49% | #137 |
| 2025 | 273 | 214 | 7.0% | 6.31% | #131 |
What Magnolia Bank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Baldwin County | 56 | 51 | 2 | 3.6% |
| Randolph County | 20 | 15 | 3 | 15.0% |
| Chambers County | 18 | 16 | 0 | 0.0% |
| Jefferson County | 18 | 12 | 2 | 11.1% |
| Mobile County | 16 | 14 | 1 | 6.3% |
| Shelby County | 15 | 11 | 2 | 13.3% |
| Madison County | 14 | 10 | 1 | 7.1% |
| Cleburne County | 13 | 12 | 0 | 0.0% |
| Lee County | 13 | 7 | 0 | 0.0% |
| Limestone County | 9 | 9 | 0 | 0.0% |
Other large lenders in Alabama
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Regions Bank | C | 11,871 | 37.2% | 4.99% |
| Rocket Mortgage | C | 9,941 | 20.5% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 8,461 | 41.4% | 9.50% |
| United Shore Financial Services | B | 7,689 | 12.0% | 6.13% |
| 21st Mortgage | F | 6,507 | 46.0% | 9.98% |
| Mortgage Research Center | C | 5,107 | 18.4% | 6.25% |
| REDSTONE Federal Credit Union | C | 4,548 | 18.9% | 8.13% |
| Dhi Mortgage Company | B | 3,909 | 17.5% | 4.99% |
| Freedom Mortgage | B | 3,725 | 8.7% | 6.25% |
| Pennymac Loan Services | C | 3,611 | 11.6% | 6.25% |
Frequently asked questions
Alabama: 273 applications in 2025, of which 214 were originated and 19 denied.
7.0% of all applications, or 8.1% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Magnolia Bank originated in Alabama in 2025 was 6.31%, against a statewide median of 6.50%.
About this data. Figures are Magnolia Bank's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology