Lender profile · HMDA 2023–2025
Luminate Bank mortgage approval rates & lending data
Luminate Bank decided 7,204 mortgage applications and funded 6,828 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 96% | 5,123 / 5,315 | 99% | $325K | 5,085 |
| Cash-out refinance | 91% | 399 / 439 | 97% | $305K | 388 |
| Refinance | 95% | 681 / 715 | 99% | $385K | 676 |
| Investment property purchase | 96% | 461 / 481 | 99% | $295K | 457 |
| Investment cash-out refinance | 88% | 151 / 171 | 98% | $215K | 148 |
| Investment refinance | 90% | 64 / 71 | 98% | $405K | 63 |
Luminate Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Jersey | 95% | $485K | 1,117 | 1,056 |
| Minnesota | 97% | $315K | 1,096 | 1,056 |
| Florida | 93% | $295K | 721 | 657 |
| Colorado | 97% | $465K | 500 | 483 |
| Indiana | 98% | $255K | 313 | 303 |
| Delaware | 94% | $325K | 299 | 277 |
| Washington | 96% | $505K | 254 | 242 |
| South Carolina | 96% | $325K | 226 | 218 |
| Kentucky | 98% | $285K | 208 | 201 |
| New York | 94% | $605K | 198 | 187 |
| Texas | 93% | $275K | 191 | 176 |
| Maryland | 94% | $345K | 188 | 176 |
| Wisconsin | 95% | $265K | 185 | 176 |
| Arizona | 99% | $425K | 139 | 136 |
| New Hampshire | 98% | $395K | 137 | 134 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.