Mortgage Lender Reviews & Ratings » Magnolia Bank
Key Facts
- LenderMagnolia Bank
- NMLS # 423028
- Overall rating4.7 out of 5
- Total reviews293
- Review sourceAverage Available Sources
- Last updated
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About Magnolia Bank
Overview
Magnolia Bank, Incorporated is an active NMLS-listed company with NMLS ID 423028. According to NMLS records, it is a Kentucky corporation formed in 1919, based in Elizabethtown, Kentucky, and its primary regulator is listed as the Federal Deposit Insurance Corporation.
The company’s public mortgage-related websites include CloseYourOwnLoan.com, which the site describes as powered by Magnolia Bank, and magnoliabank.com. Available website text describes home loans, purchase loans, cash-out refinance, no-cash-out refinance, and a home equity line of credit.
BBB information in the supplied evidence lists an A- rating and indicates the business is not accredited. That rating is third-party information, so it is best read as a reference point rather than a licensing record.
Business Type
Based on NMLS records, Magnolia Bank, Incorporated is organized as a corporation. The supplied record identifies the primary regulator as the Federal Deposit Insurance Corporation, and the evidence does not include a separate mortgage-broker designation.
Its mortgage website lists both purchase and refinance options, including refinance with no cash out and refinance with cash out.
Website Branding
Available information lists www.closeyourownloan.com, www.magnoliabank.com, and www.magnoliabank.mortgage as public website URLs. The supplied trade name is Magnolia Bank.
CloseYourOwnLoan.com is publicly presented as an online mortgage rates, refinance, and home-loan site powered by Magnolia Bank. MagnoliaBank.com presents Magnolia Bank banking and lending pages, including home loans and home equity line of credit information.
Headquarters
According to NMLS records, Magnolia Bank, Incorporated is headquartered at 651 West Dixie Ave, Elizabethtown, KY 42701, United States.
NMLS records in the supplied evidence list the company as formed in Kentucky, United States. The provided evidence does not include address-history entries.
Years in Operation
NMLS records list Magnolia Bank, Incorporated as formed on 09/29/1919. Using 2026 as the reference year, that places the company at about 107 years since formation.
Loan Types
The supplied NMLS record does not enumerate mortgage product types. The company website evidence provides the loan-product detail available for this profile.
CloseYourOwnLoan.com lists three mortgage selections in its loan type menu: refinance with no cash out, refinance with cash out, and purchase. MagnoliaBank.com describes home loans and lists a Home Equity Line of Credit under lines of credit.
Licensing Footprint
The supplied licensed_states list is empty, and the NMLS Consumer Access fetch in the provided evidence was blocked. Licensing information was not available from public sources at this time.
Scale
The provided branch data lists 0 branches and no branch states for Magnolia Bank. No loan officer count, production volume, ranking, or branch-location detail was included in the evidence.
Reputation
The BBB information supplied for this profile lists Magnolia Bank with an A- rating and indicates that it is not BBB accredited. The BBB evidence is marked with medium confidence.
No notable industry awards or recognition were identified for this lender at this time.
NMLS ID
Magnolia Bank, Incorporated is listed with NMLS company ID 423028. Consumers can use the NMLS Consumer Access website to verify current license status and related company information.
Disclaimer
This profile is for informational purposes only. Magnolia Bank, Incorporated is listed in the supplied NMLS evidence under NMLS ID 423028.
Licensing information is subject to change. Readers should verify current licensing and company details directly with the lender or through NMLS Consumer Access.
NMLS #423028 — Verify on NMLS Consumer Access — Profile last updated: July 10, 2026
Ratings & Reviews
Great service
They had great rates and were always able to answer my questions.
Frequently Asked Questions
What is Magnolia Bank's NMLS number?
Magnolia Bank operates under NMLS #423028. You can verify its license on the NMLS Consumer Access database at nmlsconsumeraccess.org.
How is Magnolia Bank rated by customers?
Magnolia Bank has an average rating of 4.7 out of 5 based on 293 reviews aggregated from Average Available Sources.
Where can I read reviews of Magnolia Bank?
Verified consumer ratings and reviews of Magnolia Bank are published on this FreeRateUpdate.com lender profile page.