Luminate Home Loans, Inc. closing costs and rates (2024)
In 2024, Luminate Home Loans, Inc. originated 6,028 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $8,202. That ranks #77 nationally by origination volume. For total closing costs among lenders with 500+ originations, Luminate Home Loans, Inc. ranks #460. That is $1,461 above the national median of $6,741. Luminate Home Loans, Inc. is most active in Minnesota with 1,006 originations there.
Purchase Originations
6,028
Ranked #77 nationally
Median Total Costs
$8,202
+21.7% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$4,418
Median Lender Credits
$250
Cost Rank (500+ vol.)
#460
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 4,346 | 6.990% | $7,242 | $4,393 |
| fha | 1,142 | 6.750% | $12,853 | $4,674 |
| va | 492 | 6.625% | $10,158 | $3,778 |
| usda | 48 | 6.750% | $7,662 | $3,519 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 1,006 | 6.750% | $7,724 | #11 |
| California | 485 | 6.875% | $10,406 | #75 |
| Oklahoma | 460 | 6.990% | $7,473 | #15 |
| Colorado | 421 | 6.750% | $7,854 | #41 |
| Texas | 365 | 6.875% | $9,669 | #147 |
| Washington | 290 | 6.750% | $11,670 | #46 |
| South Carolina | 257 | 6.625% | $7,577 | #62 |
| Florida | 255 | 6.990% | $10,779 | #145 |
| Indiana | 239 | 7.125% | $4,915 | #71 |
| Nevada | 188 | 6.812% | $10,034 | #38 |
| Arkansas | 169 | 6.990% | $7,918 | #43 |
| Oregon | 149 | 6.990% | $11,210 | #58 |
| Wisconsin | 141 | 6.875% | $5,433 | #77 |
| Illinois | 130 | 6.990% | $9,295 | #125 |
| Utah | 120 | 6.990% | $11,380 | #49 |
| Maryland | 101 | 6.875% | $9,296 | #99 |
| Arizona | 99 | 6.875% | $10,985 | #100 |
| Missouri | 98 | 7.000% | $5,906 | #98 |
| New Hampshire | 93 | 6.990% | $5,330 | #25 |
| Virginia | 85 | 6.875% | $8,482 | #139 |
| Ohio | 79 | 6.990% | $7,381 | #153 |
| Vermont | 77 | 7.000% | $5,044 | #14 |
| Delaware | 74 | 6.625% | $11,074 | #34 |
| Iowa | 72 | 7.000% | $4,777 | #73 |
| Kentucky | 67 | 6.624% | $5,586 | #103 |
| Kansas | 55 | 6.625% | $5,661 | #97 |
| Tennessee | 51 | 6.750% | $9,172 | #167 |
| New Jersey | 47 | 7.375% | $7,272 | — |
| Alabama | 46 | 7.125% | $7,261 | — |
| North Carolina | 39 | 7.000% | $6,659 | — |
| Nebraska | 35 | 6.875% | $4,393 | — |
| Michigan | 34 | 6.990% | $7,076 | — |
| Georgia | 30 | 6.990% | $11,031 | — |
| Idaho | 27 | 6.625% | $10,055 | — |
| Pennsylvania | 24 | 7.125% | $9,340 | — |
| Maine | 19 | 7.000% | $5,183 | — |
| Mississippi | 16 | 6.750% | $9,358 | — |
| New Mexico | 16 | 6.625% | $8,586 | — |
| Montana | 13 | 6.750% | $12,139 | — |
| District of Columbia | 11 | 6.990% | $8,787 | — |
| Massachusetts | 11 | 6.875% | $8,981 | — |
| West Virginia | 6 | 7.183% | $6,983 | — |
| Louisiana | 5 | 7.000% | $10,739 | — |
| South Dakota | 5 | 6.250% | $9,406 | — |
| Wyoming | 5 | 6.875% | $5,538 | — |
| Hawaii | 4 | 7.374% | $17,564 | — |
| Alaska | 3 | 7.375% | $7,546 | — |
| Connecticut | 3 | 6.625% | $4,998 | — |
| North Dakota | 3 | 6.500% | $9,804 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,855 | 6.875% | — | 110 | −$1,347 | |
| 2 | $7,168 | 7.000% | — | 136 | −$1,034 | |
| 3 | $7,668 | 6.750% | — | 343 | −$534 | |
| 4 | $7,668 | 6.750% | — | 83 | −$534 | |
| 5 | $7,706 | 6.500% | — | 159 | −$496 | |
| 6 | $7,707 | 6.933% | — | 58 | −$495 | |
| 7 | $8,150 | 6.875% | — | 76 | −$52 | |
| 8 | $8,291 | 6.875% | — | 64 | +$89 | |
| 9 | $8,599 | 6.990% | — | 94 | +$397 | |
| 10 | $8,868 | 6.875% | — | 119 | +$666 | |
| 11 | $9,571 | 6.750% | — | 61 | +$1,369 | |
| 12 | $9,830 | 6.875% | — | 62 | +$1,628 | |
| 13 | $9,867 | 6.875% | — | 74 | +$1,665 | |
| 14 | $10,248 | 6.750% | — | 62 | +$2,046 | |
| 15 | $10,606 | 6.750% | — | 155 | +$2,404 | |
| 16 | $10,848 | 6.990% | — | 60 | +$2,646 | |
| 17 | $11,261 | 6.625% | — | 80 | +$3,059 | |
| 18 | $12,122 | 6.990% | — | 66 | +$3,920 | |
| 19 | $12,512 | 6.875% | — | 111 | +$4,310 | |
| 20 | $12,858 | 6.875% | — | 83 | +$4,656 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, 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.