Magnolia Bank in North Carolina vs the state
11.7%Denial rate-6.35 pts vs state
17.3%Decision denial rate-5.49 pts vs state
55.9%Origination rate-1.95 pts vs state
6.63%Median rate+0.13 pts vs state
0.23Rate spread (pts)+0.14 pts vs state
$104kMedian applicant income
62Loans originated
13Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 134 | 85 | 14.9% | 6.38% | #246 |
| 2024 | 120 | 89 | 7.5% | 6.49% | #279 |
| 2025 | 111 | 62 | 11.7% | 6.63% | #309 |
What Magnolia Bank lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Columbus County | 8 | 6 | 0 | 0.0% |
| Guilford County | 7 | 4 | 3 | 42.9% |
| Cumberland County | 7 | 2 | 1 | 14.3% |
| Wake County | 7 | 1 | 1 | 14.3% |
| Henderson County | 6 | 4 | 0 | 0.0% |
| Johnston County | 6 | 2 | 2 | 33.3% |
| Buncombe County | 5 | 5 | 0 | 0.0% |
| Onslow County | 5 | 4 | 0 | 0.0% |
| Alamance County | 5 | 3 | 1 | 20.0% |
| Mecklenburg County | 4 | 3 | 0 | 0.0% |
Other large lenders in North Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| State Employees' | C | 47,893 | 25.2% | 6.25% |
| Rocket Mortgage | C | 25,109 | 16.0% | 6.63% |
| United Shore Financial Services | B | 18,884 | 11.4% | 6.13% |
| Vanderbilt Mortgage and Finance | F | 15,008 | 38.0% | 7.75% |
| Truist Bank | C | 14,364 | 30.3% | 6.50% |
| Movement Mortgage | A | 11,091 | 2.6% | 6.63% |
| Navy Federal Credit Union | D | 10,565 | 19.4% | 7.13% |
| First-Citizens Bank & Trust | B | 10,319 | 19.6% | 6.38% |
| Bank of America | F | 10,276 | 28.2% | 6.24% |
| Mortgage Research Center | C | 10,029 | 17.7% | 6.25% |
Frequently asked questions
North Carolina: 111 applications in 2025, of which 62 were originated and 13 denied.
11.7% of all applications, or 17.3% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Magnolia Bank originated in North Carolina in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Magnolia Bank's own HMDA filing for properties located in North Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology