# Magnolia Bank, Incorporated

> **Canonical URL:** https://saferate.com/lenders/magnolia-bank-incorporated


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Magnolia Bank, Incorporated is a bank, headquartered in Magnolia, KY, serving borrowers nationwide, with 3,451 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 63% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 18% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300REENMLD2RN3W58
- **Headquarters:** Magnolia, KY
- **Geographic Reach:** National
- **States Served:** 49
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** mix
- **Direct Origination:** 45.9%
- **Brokered/Wholesale:** 54.1%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 37/100
- Rating: ●●○○○ (2/5)

### Pull Through: Exceptional 🤩
- Score: 82/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.284%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,725
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 3,451
- **Dollar Volume:** $1.0 billion
- **Applications Received:** 4,547
- **Market Share:** 10.00%

## Typical Borrower Profile

- **Average Loan Amount:** $298,153
- **Average Borrower Income:** $107,313
- **Average Property Value:** $368,506

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (63%)
- ⭐ **VA Gold Superstar** (62%)
- ⭐ **USDA Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 74/100 | 1,504 | +0.294% | $2,598 | Strong 😀 |
| FHA | 77/100 | 613 | +0.559% | $2,565 | Strong 😀 |
| VA | 84/100 | 1,096 | -0.317% | $4,083 | Exceptional 🤩 |
| USDA | 91/100 | 233 | +0.336% | $1,865 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 1,310 loans, Score: 75/100 (Strong)
- Refinance: 194 loans, Score: 64/100 (Strong)

**FHA:**
- Purchase: 527 loans, Score: 77/100 (Strong)
- Refinance: 86 loans, Score: 76/100 (Strong)

**VA:**
- Purchase: 201 loans, Score: 77/100 (Strong)
- Refinance: 895 loans, Score: 90/100 (Exceptional)

**USDA:**
- Purchase: 233 loans, Score: 91/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 77/100 | 2,275 | $607M | +0.328% | Strong 😀 |
| Refinance | 72/100 | 1,176 | $422M | +0.045% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| KY | 671 | 1.44% | 87/100 |
| GA | 536 | 0.39% | 77/100 |
| MS | 290 | 1.16% | 77/100 |
| IN | 221 | 0.24% | 67/100 |
| TX | 168 | 0.05% | 59/100 |
| AL | 145 | 0.24% | 68/100 |
| SC | 135 | 0.17% | 66/100 |
| TN | 128 | 0.14% | 63/100 |
| FL | 113 | 0.04% | 54/100 |
| VA | 78 | 0.07% | 57/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 780 | 75/100 |
| Louisville/Jefferson County, KY | KY-IN | 487 | 91/100 |
| Atlanta | GA | 204 | 71/100 |
| Gulfport | MS | 105 | 78/100 |
| Marietta, GA | GA | 73 | 65/100 |
| Jackson, MS | MS | 57 | 63/100 |
| Bowling Green, KY | KY | 51 | 69/100 |
| Athens | GA | 49 | 75/100 |
| Florence, SC | SC | 41 | 72/100 |
| Wilmington, DE |  | 40 | 57/100 |
| Fort Worth | TX | 39 | 54/100 |
| Dallas | TX | 33 | 48/100 |
| Virginia Beach | VA-NC | 33 | 52/100 |
| Asheville, NC | NC | 32 | 59/100 |
| Savannah, GA | GA | 31 | 58/100 |

## Where This Lender Ranks

Magnolia Bank, Incorporated appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Louisville/Jefferson County, KY for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/louisvillejefferson-county-ky/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Bowling Green, KY for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/bowling-green-ky/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Paducah, KY for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/paducah-ky/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Bowling Green, KY for USDA Loans
  - [View Full Rankings](https://saferate.com/bowling-green-ky/best-mortgage-lenders/usda-loans)
- 🥈 **#2** in Florence, SC for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Florence, SC for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Bridgeport for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/bridgeport/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Waterbury for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/waterbury/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Louisville/Jefferson County, KY for USDA Loans
  - [View Full Rankings](https://saferate.com/louisvillejefferson-county-ky/best-mortgage-lenders/usda-loans)
- 🥉 **#3** in Atlanta for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/atlanta/best-mortgage-lenders/banks/usda-loans)
- 🥉 **#3** in Marietta, GA for USDA Loans
  - [View Full Rankings](https://saferate.com/marietta-ga/best-mortgage-lenders/usda-loans)
- 🥉 **#3** in Marietta, GA for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/marietta-ga/best-mortgage-lenders/banks/usda-loans)
- 🥉 **#3** in Bowling Green, KY for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/bowling-green-ky/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Athens for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/athens/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Florence, SC Banks
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders/banks)
- 🥉 **#3** in Wilmington, DE for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/wilmington-de/best-mortgage-lenders/banks/va-loans)
- 🏆 **#4** in Kentucky for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kentucky/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#4** in Paducah, KY Banks
  - [View Full Rankings](https://saferate.com/paducah-ky/best-mortgage-lenders/banks)
- 🏆 **#4** in Paducah, KY for FHA Loans
  - [View Full Rankings](https://saferate.com/paducah-ky/best-mortgage-lenders/fha-loans)
- 🏆 **#4** in Owensboro, KY for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/owensboro-ky/best-mortgage-lenders/banks/fha-loans)

## Frequently Asked Questions

### What loan types does Magnolia Bank, Incorporated offer?

Magnolia Bank, Incorporated offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Magnolia Bank, Incorporated offer mortgages?

Magnolia Bank, Incorporated is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are Magnolia Bank, Incorporated's mortgage rates?

Magnolia Bank, Incorporated has a pricing score of 37/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.284% above market average.

### What type of lender is Magnolia Bank, Incorporated?

Magnolia Bank, Incorporated is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Magnolia, KY.

### What is Magnolia Bank, Incorporated's loan approval success rate?

Magnolia Bank, Incorporated has a pull-through score of 82/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/magnolia-bank-incorporated

### How to Cite

> "Magnolia Bank, Incorporated Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/magnolia-bank-incorporated

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