Magnolia Bank, Incorporated closing costs and rates (2024)
In 2024, Magnolia Bank, Incorporated originated 2,337 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,224. That ranks #194 nationally by origination volume. For total closing costs among lenders with 500+ originations, Magnolia Bank, Incorporated ranks #297. That is $517 below the national median of $6,741. Magnolia Bank, Incorporated is most active in Kentucky with 618 originations there.
Purchase Originations
2,337
Ranked #194 nationally
Median Total Costs
$6,224
−7.7% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,187
Median Lender Credits
$190
Cost Rank (500+ vol.)
#297
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,330 | 6.625% | $4,746 | $2,123 |
| fha | 561 | 6.490% | $9,652 | $2,521 |
| usda | 238 | 6.490% | $6,292 | $2,037 |
| va | 208 | 6.250% | $7,933 | $2,115 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Kentucky | 618 | 6.625% | $4,242 | #13 |
| Georgia | 437 | 6.490% | $7,577 | #57 |
| Mississippi | 256 | 6.490% | $6,053 | #22 |
| Indiana | 185 | 6.625% | $4,999 | #86 |
| Texas | 147 | 6.500% | $8,566 | #233 |
| South Carolina | 121 | 6.625% | $7,471 | #102 |
| Alabama | 118 | 6.625% | $6,085 | #78 |
| Tennessee | 74 | 6.625% | $7,075 | #149 |
| Connecticut | 61 | 6.750% | $11,672 | #69 |
| North Carolina | 45 | 6.625% | $4,131 | — |
| Delaware | 42 | 6.500% | $8,677 | — |
| Pennsylvania | 34 | 6.875% | $8,137 | — |
| New York | 32 | 6.625% | $9,498 | — |
| Florida | 29 | 6.624% | $6,934 | — |
| Missouri | 23 | 6.875% | $4,096 | — |
| Ohio | 21 | 6.750% | $6,894 | — |
| Arkansas | 19 | 6.875% | $4,467 | — |
| Massachusetts | 19 | 6.375% | $15,529 | — |
| New Jersey | 8 | 6.750% | $6,856 | — |
| Louisiana | 6 | 6.495% | $8,043 | — |
| Idaho | 5 | 6.625% | $9,991 | — |
| West Virginia | 5 | 6.625% | $8,592 | — |
| Virginia | 4 | 6.437% | $7,595 | — |
| Oklahoma | 3 | 7.250% | $5,622 | — |
| Oregon | 3 | 6.750% | $11,050 | — |
| South Dakota | 3 | 6.750% | $10,240 | — |
| Colorado | 2 | 6.120% | $8,585 | — |
| Illinois | 2 | 6.938% | $5,985 | — |
| Kansas | 2 | 7.125% | $5,405 | — |
| Michigan | 2 | 6.437% | $7,138 | — |
| Nebraska | 2 | 6.808% | $7,624 | — |
| Wisconsin | 2 | 6.188% | $6,981 | — |
| Arizona | 1 | 7.250% | $13,024 | — |
| Maine | 1 | 7.490% | $5,201 | — |
| Minnesota | 1 | 5.750% | $11,881 | — |
| Nevada | 1 | 6.624% | $3,960 | — |
| Rhode Island | 1 | 6.250% | $8,576 | — |
| Utah | 1 | 5.250% | $32,053 | — |
| Wyoming | 1 | 6.750% | $4,972 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,167 | 6.495% | — | 28 | −$3,057 | |
| 2 | $3,625 | 6.500% | — | 37 | −$2,599 | |
| 3 | $3,820 | 6.625% | — | 36 | −$2,404 | |
| 4 | $4,027 | 6.625% | — | 200 | −$2,197 | |
| 5 | $4,494 | 6.625% | — | 36 | −$1,730 | |
| 6 | $4,527 | 6.750% | — | 25 | −$1,697 | |
| 7 | $4,941 | 6.625% | — | 36 | −$1,283 | |
| 8 | $4,999 | 6.500% | — | 83 | −$1,225 | |
| 9 | $5,492 | 6.625% | — | 23 | −$732 | |
| 10 | $6,137 | 6.625% | — | 23 | −$87 | |
| 11 | $6,233 | 6.562% | — | 22 | +$9 | |
| 12 | $6,540 | 6.375% | — | 58 | +$316 | |
| 13 | $7,232 | 6.490% | — | 33 | +$1,008 | |
| 14 | $7,300 | 6.625% | — | 39 | +$1,076 | |
| 15 | $7,597 | 6.625% | — | 24 | +$1,373 | |
| 16 | $8,094 | 6.375% | — | 84 | +$1,870 | |
| 17 | $8,127 | 6.490% | — | 42 | +$1,903 | |
| 18 | $8,536 | 6.500% | — | 37 | +$2,312 | |
| 19 | $8,679 | 6.490% | — | 21 | +$2,455 | |
| 20 | $9,642 | 6.250% | — | 22 | +$3,418 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.