Grade F · 26% of disclosures flagged for junk fees
Bank · Kentucky · NMLS #680456
Avg Closing Costs
$18,331
median across reports
vs. National Average
442%
above national avg
Avg Origination Charge
$8,373
Section A lender fee
Reports with Junk Fees
26%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Origination Fee | $8,373 | $1,584 | 🔺 High |
| Title Insurance | $3,226 | $3,111 | 🟡 Average |
| Underwriting Fee | $1,599 | $1,473 | 🟡 Average |
| Appraisal | $1,169 | $1,081 | 🟡 Average |
| Settlement/Closing Fee | $1,040 | $986 | 🟡 Average |
| Processing Fee | $818 | $790 | 🟡 Average |
| Title Search | $416 | $392 | 🟡 Average |
| Recording Fee | $368 | $344 | 🟡 Average |
| Rate Lock Fee | $332 | $376 | 🟢 Below Avg |
| Document Preparation | $167 | $147 | 🔴 Above Avg |
| Tax Service Fee | $135 | $128 | 🟡 Average |
| Credit Report | $74 | $69 | 🟡 Average |
| Wire Transfer Fee | $74 | $69 | 🟡 Average |
| Courier/Delivery | $63 | $58 | 🟡 Average |
| Flood Certification | $25 | $23 | 🟡 Average |
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Based on 50 homebuyer-submitted Closing Disclosures, Magnolia Bank's median total closing costs are $18,331. This is about 442% above the $3,383 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
Are Closing Costs Negotiable?
Which fees you can push back on and how to do it.
What Are Junk Fees on a Mortgage?
Spot the charges that pad lender profits.
How to Read Your Closing Disclosure
Page-by-page walkthrough of the 5-page form.
Average Closing Costs by State
Benchmark your costs against the state average.
Closing Costs in Kentucky
State-specific benchmarks for Kentucky.
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Compare Magnolia Bank with another lender
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Aggregates from Magnolia Bank, Incorporated's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
2,532
Ranked #183 nationally
Median Total Costs
$6,786
+1.6% vs national ($6,680)
Median Rate
6.490%
+0.0% vs national (6.490%)
Median Origination
$1,997
Median Lender Credits
$355
Cost Rank (500+ vol.)
#345
among lenders with 500+ originations
Denial Rate
6.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,033 | 6.625% | $4,878 | $2,039 |
| fha | 892 | 6.250% | $9,256 | $1,947 |
| usda | 317 | 6.250% | $6,465 | $2,198 |
| va | 290 | 6.250% | $6,488 | $1,820 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Kentucky | 598 | 6.490% | $5,460 | #17 |
| Georgia | 570 | 6.250% | $8,266 | #44 |
| Mississippi | 355 | 6.250% | $6,770 | #17 |
| Alabama | 167 | 6.375% | $7,438 | #61 |
| Indiana | 150 | 6.500% | $6,135 | #103 |
| South Carolina | 131 | 6.500% | $7,201 | #103 |
| Texas | 111 | 6.375% | $10,077 | #269 |
| Florida | 52 | 6.490% | $5,683 | #322 |
| New York | 52 | 6.625% | $8,535 | #151 |
| Tennessee | 42 | 6.490% | $6,630 | — |
| Arkansas | 27 | 6.500% | $3,256 | — |
| Missouri | 27 | 6.750% | $4,118 | — |
| North Carolina | 27 | 6.750% | $7,727 | — |
| Pennsylvania | 25 | 6.750% | $5,718 | — |
| Michigan | 21 | 6.625% | $5,909 | — |
| Connecticut | 20 | 6.625% | $11,739 | — |
| Illinois | 20 | 6.375% | $6,203 | — |
| Ohio | 19 | 6.625% | $6,959 | — |
| Minnesota | 18 | 6.688% | $4,664 | — |
| California | 17 | 6.500% | $15,720 | — |
| Massachusetts | 14 | 6.250% | $27,825 | — |
| Wisconsin | 8 | 6.750% | $6,243 | — |
| Iowa | 6 | 6.562% | $6,564 | — |
| New Mexico | 6 | 6.375% | $9,353 | — |
| Oklahoma | 6 | 6.438% | $8,349 | — |
| West Virginia | 6 | 6.750% | $5,665 | — |
| Arizona | 4 | 6.688% | $7,645 | — |
| Delaware | 4 | 6.687% | $8,498 | — |
| New Jersey | 4 | 6.740% | $11,898 | — |
| Virginia | 4 | 6.562% | $9,591 | — |
| Nebraska | 3 | 6.490% | $6,681 | — |
| Colorado | 2 | 7.062% | $7,044 | — |
| Idaho | 2 | 6.312% | $7,909 | — |
| Kansas | 2 | 6.438% | $6,041 | — |
| Louisiana | 2 | 6.812% | $7,138 | — |
| Montana | 2 | 6.438% | $13,757 | — |
| Nevada | 2 | 6.307% | $6,348 | — |
| Washington | 2 | 6.687% | $7,263 | — |
| Maine | 1 | 6.625% | $11,496 | — |
| New Hampshire | 1 | 7.000% | $10,362 | — |
| Oregon | 1 | 6.750% | $10,181 | — |
| Rhode Island | 1 | 6.625% | $14,853 | — |
| This lender | Kentucky median | National median | |
|---|---|---|---|
| Total Closing Costs | $5,460 | $5,007 | $6,680 |
| Interest Rate | 6.490% | 6.500% | 6.490% |
| Originations in state | 598 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Magnolia Bank, Incorporated | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $245,000 | $335,000 | −$90,000 (−26.9%) |
| Median total closing costs | $6,786 | $7,127 | −$341 (−4.8%) |