Magnolia Bank in New Jersey vs the state
8.8%Denial rate-8.92 pts vs state
12.2%Decision denial rate-10.85 pts vs state
63.2%Origination rate+7.48 pts vs state
6.19%Median rate-0.56 pts vs state
0.02Rate spread (pts)-0.26 pts vs state
$120kMedian applicant income
36Loans originated
5Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 44 | 28 | 15.9% | 6.50% | #350 |
| 2024 | 53 | 32 | 11.3% | 6.13% | #334 |
| 2025 | 57 | 36 | 8.8% | 6.19% | #337 |
What Magnolia Bank lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monmouth County | 7 | 5 | 0 | 0.0% |
| Ocean County | 6 | 2 | 1 | 16.7% |
| Burlington County | 5 | 2 | 1 | 20.0% |
| Essex County | 5 | 4 | 1 | 20.0% |
| Gloucester County | 4 | 3 | 0 | 0.0% |
| Cape May County | 4 | 3 | 0 | 0.0% |
| Morris County | 4 | 2 | 0 | 0.0% |
| Cumberland County | 3 | 2 | 1 | 33.3% |
| Mercer County | 3 | 3 | 0 | 0.0% |
| Middlesex County | 3 | 1 | 1 | 33.3% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 57 applications in 2025, of which 36 were originated and 5 denied.
8.8% of all applications, or 12.2% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Magnolia Bank originated in New Jersey in 2025 was 6.19%, against a statewide median of 6.75%.
About this data. Figures are Magnolia Bank's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology