Magnolia Bank in Virginia vs the state
10.3%Denial rate-5.68 pts vs state
13.3%Decision denial rate-6.92 pts vs state
66.7%Origination rate+7.15 pts vs state
6.13%Median rate-0.50 pts vs state
-0.21Rate spread (pts)-0.43 pts vs state
$102kMedian applicant income
78Loans originated
12Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 69 | 52 | 10.1% | 6.25% | #313 |
| 2024 | 136 | 89 | 11.8% | 6.00% | #241 |
| 2025 | 117 | 78 | 10.3% | 6.13% | #274 |
What Magnolia Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 18 | 10 | 4 | 22.2% |
| Chesapeake city | 11 | 10 | 0 | 0.0% |
| Chesterfield County | 10 | 5 | 1 | 10.0% |
| Stafford County | 7 | 6 | 0 | 0.0% |
| Newport News city | 7 | 4 | 1 | 14.3% |
| Norfolk city | 6 | 4 | 0 | 0.0% |
| Fairfax County | 5 | 2 | 0 | 0.0% |
| Hampton city | 5 | 2 | 1 | 20.0% |
| Suffolk city | 5 | 3 | 2 | 40.0% |
| Portsmouth city | 4 | 3 | 1 | 25.0% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 117 applications in 2025, of which 78 were originated and 12 denied.
10.3% of all applications, or 13.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Magnolia Bank originated in Virginia 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 Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology