Magnolia Bank in Washington vs the state
18.2%Denial rate+2.53 pts vs state
28.6%Decision denial rate+9.03 pts vs state
45.5%Origination rate-15.61 pts vs state
6.38%Median rate-0.25 pts vs state
0.36Rate spread (pts)+0.17 pts vs state
$111kMedian applicant income
5Loans originated
2Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 20 | 10 | 15.0% | 6.13% | #376 |
| 2024 | 8 | 5 | 12.5% | 5.88% | #475 |
| 2025 | 11 | 5 | 18.2% | 6.38% | #447 |
What Magnolia Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pierce County | 3 | 2 | 0 | 0.0% |
| King County | 2 | 1 | 0 | 0.0% |
| Whitman County | 2 | 0 | 2 | 100.0% |
| Clark County | 1 | 0 | 0 | 0.0% |
| Klickitat County | 1 | 1 | 0 | 0.0% |
| Franklin County | 1 | 1 | 0 | 0.0% |
| Spokane County | 1 | 0 | 0 | 0.0% |
Other large lenders in Washington
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Boeing Employees Credit Union | B | 21,599 | 23.8% | 6.13% |
| Rocket Mortgage | C | 14,301 | 15.9% | 6.63% |
| United Shore Financial Services | B | 13,770 | 10.0% | 6.13% |
| Guild Mortgage | A | 8,056 | 3.4% | 6.63% |
| CMG Mortgage | A | 7,817 | 3.1% | 6.63% |
| Movement Mortgage | A | 7,472 | 3.6% | 6.63% |
| Bank of America | F | 6,986 | 27.0% | 5.99% |
| Crosscountry Mortgage | B | 6,903 | 3.1% | 6.63% |
| U.S. Bank | D | 6,568 | 27.6% | 6.63% |
| Newrez | D | 5,849 | 12.9% | 6.63% |
Frequently asked questions
Washington: 11 applications in 2025, of which 5 were originated and 2 denied.
18.2% of all applications, or 28.6% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Magnolia Bank originated in Washington in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Magnolia Bank's own HMDA filing for properties located in Washington, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology