Grade D · 2% of disclosures flagged for junk fees
Mortgage Company · Minnesota · NMLS #452781
Avg Closing Costs
$8,360
median across reports
vs. National Average
157%
above national avg
Avg Origination Charge
$5,211
Section A lender fee
Reports with Junk Fees
2%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Origination Fee | $5,211 | $1,618 | 🔺 High |
| discount_points | $4,907 | $1,883 | 🔺 High |
| Title Insurance | $3,217 | $3,405 | 🟡 Average |
| Underwriting Fee | $1,444 | $1,546 | 🟡 Average |
| Appraisal | $1,080 | $1,125 | 🟡 Average |
| Settlement/Closing Fee | $972 | $1,053 | 🟡 Average |
| lender_credits | $834 | $358 | 🔺 High |
| Processing Fee | $767 | $841 | 🟡 Average |
| Title Search | $391 | $412 | 🟡 Average |
| Rate Lock Fee | $359 | $370 | 🟡 Average |
| Recording Fee | $339 | $364 | 🟡 Average |
| Document Preparation | $159 | $159 | 🟡 Average |
| Tax Service Fee | $127 | $135 | 🟡 Average |
| Credit Report | $67 | $71 | 🟡 Average |
| Wire Transfer Fee | $66 | $72 | 🟡 Average |
| Courier/Delivery | $57 | $63 | 🟡 Average |
| Flood Certification | $23 | $25 | 🟡 Average |
Got a Loan Estimate from Luminate Home Loans? See if your rate and fees are competitive.
Check My Loan Estimate — $19Based on 733 homebuyer-submitted Closing Disclosures, Luminate Home Loans's median total closing costs are $8,360. This is about 157% above the $3,257 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
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What Are Junk Fees on a Mortgage?
Spot the charges that pad lender profits.
How to Read Your Closing Disclosure
Page-by-page walkthrough of the 5-page form.
Average Closing Costs by State
Benchmark your costs against the state average.
Closing Costs in Minnesota
State-specific benchmarks for Minnesota.
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Compare Luminate Home Loans with another lender
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Federal data snapshot (2025)
In 2025, Luminate Home Loans, Inc. originated 556 purchase loans with median closing costs of $8,107.
See 2025 HMDA market data for Luminate Home Loans, Inc. →Popular Refinance Pages
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This content is for informational purposes only and does not constitute legal, financial, or tax advice. Consult a licensed professional for advice specific to your situation.