Magnolia Bank in Illinois vs the state
11.5%Denial rate-5.58 pts vs state
14.5%Decision denial rate-7.16 pts vs state
68.0%Origination rate+9.21 pts vs state
6.25%Median rate-0.50 pts vs state
0.08Rate spread (pts)-0.30 pts vs state
$87kMedian applicant income
53Loans originated
9Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 38 | 27 | 13.2% | 6.38% | #492 |
| 2024 | 35 | 22 | 2.9% | 6.19% | #502 |
| 2025 | 78 | 53 | 11.5% | 6.25% | #384 |
What Magnolia Bank lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 19 | 12 | 1 | 5.3% |
| Will County | 6 | 5 | 0 | 0.0% |
| St. Clair County | 6 | 4 | 0 | 0.0% |
| Kane County | 6 | 6 | 0 | 0.0% |
| Vermilion County | 5 | 5 | 0 | 0.0% |
| Madison County | 5 | 2 | 2 | 40.0% |
| DuPage County | 4 | 2 | 0 | 0.0% |
| McHenry County | 3 | 2 | 0 | 0.0% |
| Lake County | 2 | 1 | 1 | 50.0% |
| Cass County | 2 | 1 | 1 | 50.0% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 78 applications in 2025, of which 53 were originated and 9 denied.
11.5% of all applications, or 14.5% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Magnolia Bank originated in Illinois in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are Magnolia Bank's own HMDA filing for properties located in Illinois, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology