Magnolia Bank in Massachusetts vs the state
17.6%Denial rate+1.36 pts vs state
24.1%Decision denial rate+4.12 pts vs state
54.1%Origination rate-8.55 pts vs state
6.13%Median rate-0.50 pts vs state
0.03Rate spread (pts)-0.06 pts vs state
$123kMedian applicant income
40Loans originated
13Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 41 | 24 | 9.8% | 6.00% | #328 |
| 2024 | 61 | 47 | 8.2% | 5.99% | #293 |
| 2025 | 74 | 40 | 17.6% | 6.13% | #284 |
What Magnolia Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Plymouth County | 21 | 16 | 3 | 14.3% |
| Bristol County | 16 | 7 | 4 | 25.0% |
| Worcester County | 15 | 5 | 2 | 13.3% |
| Hampden County | 5 | 3 | 1 | 20.0% |
| Middlesex County | 4 | 2 | 0 | 0.0% |
| Essex County | 4 | 3 | 1 | 25.0% |
| Norfolk County | 3 | 1 | 2 | 66.7% |
| Suffolk County | 3 | 1 | 0 | 0.0% |
| Berkshire County | 1 | 1 | 0 | 0.0% |
| Barnstable County | 1 | 1 | 0 | 0.0% |
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
Frequently asked questions
Massachusetts: 74 applications in 2025, of which 40 were originated and 13 denied.
17.6% of all applications, or 24.1% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Magnolia Bank originated in Massachusetts in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Magnolia Bank's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology