Magnolia Bank · Ohio · 2025

Magnolia Bank in Ohio: approval rate, denial rate and rates (2025)

Magnolia Bank took 106 mortgage applications in Ohio in 2025, ranking #320 of 1,092 lenders active in the state. It originated 64.2% of them and denied 7.6% (10.3% of the applications it decided), against a statewide denial rate of 17.7%.

106Applicationsin OH
10.3%Decision denial ratestate 21.9%
6.50%Median ratestate 6.88%
$275,000Median loanstate $155,000
$19MVolume40 counties

Magnolia Bank in Ohio vs the state

7.6%Denial rate-10.14 pts vs state
10.3%Decision denial rate-11.63 pts vs state
64.2%Origination rate+4.25 pts vs state
6.50%Median rate-0.38 pts vs state
0.15Rate spread (pts)-0.24 pts vs state
$100kMedian applicant income
68Loans originated
8Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023936216.1%6.50%#311
2024108784.6%6.25%#297
2025106687.6%6.50%#320

What Magnolia Bank lends in Ohio

By loan purpose

Home purchase 37 35% · 13.5% denied
Refinance 8 8% · 0.0% denied
Cash-out refinance 59 56% · 3.4% denied
Home improvement 1 1% · 0.0% denied
Other / HELOC 1 1% · 100.0% denied

By loan type

Conventional 35 33% · 11.4% denied
FHA 7 7% · 14.3% denied
VA 59 56% · 5.1% denied
USDA / RHS 5 5% · 0.0% denied

Why it denied Ohio applicants

Debt-to-income ratio 4 50%
Other 1 13%
Unverifiable information 1 13%
Collateral 1 13%
Credit history 1 13%

Where in Ohio

Counties with the most Magnolia Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cuyahoga County 14110 0.0%
Franklin County 1060 0.0%
Warren County 742 28.6%
Lucas County 641 16.7%
Lorain County 642 33.3%
Montgomery County 550 0.0%
Hamilton County 540 0.0%
Lake County 420 0.0%
Medina County 311 33.3%
Butler County 320 0.0%

Other large lenders in Ohio

LenderGradeApplicationsDenial rateMedian rate
The Huntington National BankD 42,68325.8%7.59%
Rocket MortgageC 23,16518.5%6.63%
Fifth Third BankD 21,93925.6%7.50%
Crosscountry MortgageB 16,0663.1%6.75%
United Shore Financial ServicesB 14,62613.1%6.45%
Third Federal Savings and Loan Association of ClevelandC 12,62223.0%6.74%
PNC BankD 11,60724.6%7.40%
Wright-Patt Credit UnionC 8,79128.1%7.50%
U.S. BankD 8,62338.0%7.60%
Citizens BankC 7,77524.3%7.65%

Frequently asked questions

Ohio: 106 applications in 2025, of which 68 were originated and 8 denied.

7.6% of all applications, or 10.3% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans Magnolia Bank originated in Ohio in 2025 was 6.50%, against a statewide median of 6.88%.

About this data. Figures are Magnolia Bank's own HMDA filing for properties located in Ohio, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology