Magnolia Bank in Minnesota vs the state
6.8%Denial rate-6.78 pts vs state
8.6%Decision denial rate-7.78 pts vs state
70.5%Origination rate+4.08 pts vs state
6.50%Median rate-0.13 pts vs state
0.04Rate spread (pts)-0.21 pts vs state
$100kMedian applicant income
31Loans originated
3Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 11 | 8 | 9.1% | 6.63% | #437 |
| 2024 | 16 | 14 | 6.3% | 5.94% | #401 |
| 2025 | 44 | 31 | 6.8% | 6.50% | #313 |
What Magnolia Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Anoka County | 7 | 4 | 0 | 0.0% |
| Washington County | 5 | 4 | 0 | 0.0% |
| Dakota County | 5 | 3 | 0 | 0.0% |
| Wright County | 4 | 3 | 0 | 0.0% |
| Scott County | 3 | 2 | 1 | 33.3% |
| Hennepin County | 2 | 2 | 0 | 0.0% |
| St. Louis County | 2 | 2 | 0 | 0.0% |
| Todd County | 2 | 1 | 0 | 0.0% |
| Blue Earth County | 1 | 0 | 1 | 100.0% |
| Carlton County | 1 | 0 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 44 applications in 2025, of which 31 were originated and 3 denied.
6.8% of all applications, or 8.6% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Magnolia Bank originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Magnolia Bank's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology