Purchase Originations
556
Ranked #592 nationally
Median Total Costs
$8,107
+21.4% vs national ($6,680)
↓ $95 vs prior year
Median Rate
6.875%
+5.9% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$3,969
Median Lender Credits
$401
Cost Rank (500+ vol.)
#445
among lenders with 500+ originations
Denial Rate
3.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 356 | 6.990% | $7,230 | $4,046 |
| fha | 135 | 6.625% | $11,791 | $4,036 |
| va | 57 | 6.625% | $7,292 | $1,890 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 85 | 6.875% | $7,954 | #100 |
| Colorado | 45 | 6.750% | $7,023 | — |
| Indiana | 42 | 6.750% | $6,715 | — |
| California | 36 | 6.875% | $9,779 | — |
| Florida | 35 | 6.875% | $11,029 | — |
| Texas | 28 | 6.990% | $9,527 | — |
| Oklahoma | 27 | 6.875% | $9,031 | — |
| Arizona | 23 | 6.750% | $6,132 | — |
| South Carolina | 22 | 6.625% | $8,880 | — |
| Kentucky | 20 | 6.995% | $7,528 | — |
| Wisconsin | 19 | 7.250% | $5,232 | — |
| Washington | 18 | 6.688% | $7,694 | — |
| Arkansas | 13 | 6.990% | $11,311 | — |
| Delaware | 12 | 6.875% | $8,941 | — |
| Illinois | 12 | 7.188% | $8,512 | — |
| Oregon | 12 | 6.688% | $9,204 | — |
| Maryland | 11 | 6.750% | $9,612 | — |
| Ohio | 11 | 6.990% | $6,332 | — |
| New Hampshire | 10 | 7.375% | $5,047 | — |
| Nevada | 9 | 6.875% | $9,598 | — |
| Virginia | 9 | 6.875% | $7,454 | — |
| Missouri | 8 | 6.750% | $6,336 | — |
| Mississippi | 7 | 7.250% | $6,770 | — |
| Vermont | 7 | 6.875% | $5,414 | — |
| North Carolina | 6 | 6.812% | $8,221 | — |
| Michigan | 5 | 6.990% | $6,318 | — |
| Louisiana | 4 | 6.438% | $7,551 | — |
| Georgia | 3 | 7.125% | $9,973 | — |
| New Jersey | 3 | 7.625% | $15,111 | — |
| Utah | 3 | 7.000% | $5,486 | — |
| Nebraska | 2 | 6.875% | $4,810 | — |
| Tennessee | 2 | 6.562% | $7,274 | — |
| Alabama | 1 | 7.875% | $13,230 | — |
| District of Columbia | 1 | 7.375% | $9,610 | — |
| Iowa | 1 | 6.625% | $16,523 | — |
| Kansas | 1 | 6.990% | $8,386 | — |
| Maine | 1 | 6.750% | $6,565 | — |
| Montana | 1 | 7.250% | $4,434 | — |
| New Mexico | 1 | 7.125% | $6,104 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,502 | 6.938% | — | 6 | −$3,605 | |
| 2 | $5,276 | 6.625% | — | 9 | −$2,831 | |
| 3 | $6,628 | 6.812% | — | 10 | −$1,479 | |
| 4 | $7,032 | 6.938% | — | 6 | −$1,075 | |
| 5 | $7,744 | 6.625% | — | 12 | −$363 | |
| 6 | $7,832 | 6.750% | — | 23 | −$275 | |
| 7 | $7,958 | 6.312% | — | 8 | −$149 | |
| 8 | $7,997 | 6.750% | — | 14 | −$110 | |
| 9 | $8,053 | 6.812% | — | 6 | −$54 | |
| 10 | $8,063 | 6.750% | — | 8 | −$44 | |
| 11 | $8,787 | 7.125% | — | 8 | +$680 | |
| 12 | $9,598 | 6.875% | — | 9 | +$1,491 | |
| 13 | $9,928 | 6.875% | — | 7 | +$1,821 | |
| 14 | $10,735 | 6.500% | — | 9 | +$2,628 | |
| 15 | $11,183 | 6.875% | — | 7 | +$3,076 | |
| 16 | $11,495 | 6.875% | — | 7 | +$3,388 | |
| 17 | $11,639 | 6.933% | — | 6 | +$3,532 | |
| 18 | $11,991 | 6.750% | — | 7 | +$3,884 | |
| 19 | $12,189 | 7.058% | — | 8 | +$4,082 | |
| 20 | $12,543 | 6.875% | — | 10 | +$4,436 |
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 Home Loans, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $335,000 | $335,000 | +$0 (+0.0%) |
| Median total closing costs | $8,107 | $7,127 | +$980 (+13.8%) |
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.