Luminate Home Loans, Inc. mortgage approval rate & lending review
Luminate Home Loans, Inc. decided 14,865 mortgage applications and funded 14,260 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Luminate Home Loans, Inc. reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Luminate Home Loans, Inc. at a glance
Approval is 10.5 points above the 86.0% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 97% | 12,163 / 12,527 | 100% | $345K | 12,102 |
| Cash-out refinance | 90% | 724 / 804 | 99% | $275K | 715 |
| Refinance | 95% | 458 / 482 | 99% | $435K | 452 |
| Investment property purchase | 96% | 823 / 860 | 99% | $255K | 812 |
| Investment cash-out refinance | 93% | 125 / 135 | 99% | $185K | 124 |
| Investment refinance | 96% | 54 / 56 | 100% | $265K | 54 |
Luminate Home Loans, Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 98% | $305K | 2,589 | 2,531 |
| Colorado | 98% | $455K | 1,425 | 1,387 |
| California | 97% | $665K | 1,280 | 1,236 |
| Florida | 91% | $315K | 958 | 859 |
| Washington | 97% | $435K | 862 | 832 |
| Texas | 96% | $365K | 812 | 777 |
| Nevada | 97% | $345K | 733 | 710 |
| South Carolina | 99% | $295K | 622 | 612 |
| Oklahoma | 98% | $235K | 618 | 596 |
| Illinois | 90% | $255K | 427 | 382 |
| Arizona | 97% | $385K | 390 | 377 |
| Oregon | 98% | $435K | 378 | 367 |
| Wisconsin | 93% | $215K | 375 | 346 |
| Maryland | 99% | $425K | 288 | 281 |
| New Hampshire | 98% | $365K | 282 | 275 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Luminate Home Loans, Inc. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Hennepin County, MN | Mortgage lenders | 99% | 951 | 937 |
| Ramsey County, MN | Mortgage lenders | 98% | 358 | 351 |
| Greenville County, SC | Mortgage lenders | 100% | 330 | 328 |
| Dakota County, MN | Mortgage lenders | 98% | 310 | 303 |
| Spokane County, WA | Mortgage lenders | 98% | 292 | 284 |
| Anoka County, MN | Mortgage lenders | 98% | 262 | 257 |
| San Diego County, CA | Mortgage lenders | 97% | 233 | 225 |
| Adams County, CO | Mortgage lenders | 99% | 213 | 210 |
| Jefferson County, CO | Mortgage lenders | 100% | 204 | 202 |
| Lee County, FL | Mortgage lenders | 87% | 223 | 193 |
| Arapahoe County, CO | Mortgage lenders | 97% | 198 | 192 |
| Oklahoma County, OK | Mortgage lenders | 99% | 195 | 189 |
The county markets where Luminate Home Loans, Inc. made the most loans. Each link opens that market with every lender ranked.
Questions about Luminate Home Loans, Inc.
What is Luminate Home Loans, Inc.'s mortgage approval rate?
Luminate Home Loans, Inc. approved 96.5% of the 14,865 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 10.5 points above the 86.0% national rate for the same mix of loan types.
How often do borrowers take the loan Luminate Home Loans, Inc. offers?
Borrowers accepted 99% of the loans Luminate Home Loans, Inc. approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Luminate Home Loans, Inc. make?
The typical home purchase mortgage loan Luminate Home Loans, Inc. made was $345K; across all loan types its typical loan ran from $185K to $435K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Luminate Home Loans, Inc. lend?
Luminate Home Loans, Inc. decided applications in 50 of the states Fat Boy Data covers, most of them in Minnesota, Colorado and California.
Can I apply to Luminate Home Loans, Inc. directly?
Yes. Luminate Home Loans, Inc. reports as a direct lender that takes applications from borrowers.
Does this page show Luminate Home Loans, Inc.'s interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Luminate Home Loans, Inc. treats applications, then get a rate quote from the lender.