Purchase Originations
5,139
Ranked #94 nationally
Median Total Costs
$7,134
+6.8% vs national ($6,680)
Median Rate
6.625%
+2.1% vs national (6.490%)
Median Origination
$2,833
Median Lender Credits
$290
Cost Rank (500+ vol.)
#377
among lenders with 500+ originations
Denial Rate
3.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,688 | 6.625% | $6,360 | $2,797 |
| fha | 1,010 | 6.625% | $12,300 | $3,345 |
| va | 390 | 6.490% | $7,985 | $1,908 |
| usda | 51 | 6.625% | $6,201 | $1,990 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 935 | 6.625% | $7,371 | #13 |
| New Jersey | 739 | 6.490% | $5,981 | #23 |
| Indiana | 418 | 6.875% | $5,579 | #39 |
| Florida | 365 | 6.625% | $10,234 | #110 |
| Colorado | 308 | 6.490% | $6,876 | #51 |
| Kentucky | 233 | 6.750% | $5,901 | #49 |
| South Carolina | 165 | 6.490% | $8,656 | #88 |
| Wisconsin | 155 | 7.000% | $4,426 | #69 |
| Texas | 134 | 6.625% | $10,528 | #246 |
| Delaware | 132 | 6.625% | $10,244 | #23 |
| New York | 132 | 6.250% | $7,146 | #106 |
| Maryland | 125 | 6.625% | $9,863 | #85 |
| Washington | 125 | 6.625% | $11,128 | #94 |
| Virginia | 93 | 6.625% | $9,531 | #132 |
| Georgia | 85 | 6.625% | $9,030 | #153 |
| Arizona | 84 | 6.625% | $9,585 | #113 |
| Oklahoma | 82 | 6.750% | $5,449 | #79 |
| Illinois | 79 | 6.750% | $10,605 | #166 |
| Pennsylvania | 73 | 6.750% | $8,074 | #187 |
| Missouri | 72 | 6.750% | $5,727 | #122 |
| New Hampshire | 70 | 6.875% | $4,774 | #41 |
| Michigan | 64 | 6.990% | $5,063 | #137 |
| Kansas | 60 | 6.750% | $6,905 | #92 |
| Ohio | 59 | 6.875% | $5,748 | #172 |
| Tennessee | 44 | 6.750% | $9,621 | — |
| North Carolina | 41 | 6.625% | $6,168 | — |
| Nevada | 39 | 6.625% | $10,845 | — |
| Mississippi | 34 | 6.875% | $8,462 | — |
| Maine | 29 | 6.750% | $5,711 | — |
| California | 24 | 6.812% | $9,960 | — |
| Oregon | 23 | 6.500% | $7,252 | — |
| Alabama | 13 | 6.490% | $6,924 | — |
| Connecticut | 12 | 6.500% | $7,195 | — |
| Massachusetts | 11 | 6.625% | $7,216 | — |
| District of Columbia | 9 | 6.500% | $7,532 | — |
| New Mexico | 8 | 6.308% | $9,587 | — |
| West Virginia | 8 | 6.370% | $7,331 | — |
| Arkansas | 7 | 7.000% | $6,614 | — |
| Idaho | 7 | 6.625% | $8,155 | — |
| Montana | 7 | 6.875% | $6,921 | — |
| Utah | 7 | 6.625% | $5,065 | — |
| Louisiana | 6 | 6.750% | $8,076 | — |
| North Dakota | 5 | 6.990% | $5,016 | — |
| Rhode Island | 5 | 6.625% | $6,491 | — |
| Iowa | 3 | 6.750% | $5,126 | — |
| Nebraska | 3 | 6.750% | $7,618 | — |
| Alaska | 2 | 6.438% | $9,586 | — |
| Vermont | 2 | 7.062% | $5,483 | — |
| Hawaii | 1 | 5.625% | $10,026 | — |
| South Dakota | 1 | 6.500% | $4,967 | — |
| Wyoming | 1 | 6.490% | $3,677 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,962 | 6.995% | — | 58 | −$3,172 | |
| 2 | $5,721 | 6.490% | — | 87 | −$1,413 | |
| 3 | $5,847 | 6.495% | — | 48 | −$1,287 | |
| 4 | $5,849 | 6.490% | — | 113 | −$1,285 | |
| 5 | $5,945 | 6.750% | — | 71 | −$1,189 | |
| 6 | $6,225 | 6.500% | — | 145 | −$909 | |
| 7 | $6,359 | 6.625% | — | 69 | −$775 | |
| 8 | $6,500 | 6.375% | — | 108 | −$634 | |
| 9 | $7,324 | 6.625% | — | 80 | +$190 | |
| 10 | $7,342 | 6.625% | — | 83 | +$208 | |
| 11 | $7,345 | 6.625% | — | 309 | +$211 | |
| 12 | $7,441 | 6.438% | — | 48 | +$307 | |
| 13 | $7,594 | 6.625% | — | 110 | +$460 | |
| 14 | $7,624 | 6.500% | — | 41 | +$490 | |
| 15 | $8,482 | 6.495% | — | 74 | +$1,348 | |
| 16 | $9,485 | 6.625% | — | 77 | +$2,351 | |
| 17 | $9,984 | 6.625% | — | 67 | +$2,850 | |
| 18 | $10,392 | 6.125% | — | 65 | +$3,258 | |
| 19 | $11,559 | 6.500% | — | 70 | +$4,425 | |
| 20 | $11,896 | 5.688% | — | 54 | +$4,762 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Luminate Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $345,000 | $335,000 | +$10,000 (+3.0%) |
| Median total closing costs | $7,134 | $7,127 | +$7 (+0.1%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, 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.