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
147%
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 | $1,584 | 🔺 High |
| discount_points | $4,907 | $2,242 | 🔺 High |
| Title Insurance | $3,217 | $3,111 | 🟡 Average |
| Underwriting Fee | $1,444 | $1,473 | 🟡 Average |
| Appraisal | $1,080 | $1,081 | 🟡 Average |
| Settlement/Closing Fee | $972 | $986 | 🟡 Average |
| lender_credits | $834 | $428 | 🔺 High |
| Processing Fee | $767 | $790 | 🟡 Average |
| Title Search | $391 | $392 | 🟡 Average |
| Rate Lock Fee | $359 | $376 | 🟡 Average |
| Recording Fee | $339 | $344 | 🟡 Average |
| Document Preparation | $159 | $147 | 🟡 Average |
| Tax Service Fee | $127 | $128 | 🟡 Average |
| Credit Report | $67 | $69 | 🟡 Average |
| Wire Transfer Fee | $66 | $69 | 🟡 Average |
| Courier/Delivery | $57 | $58 | 🟡 Average |
| Flood Certification | $23 | $23 | 🟡 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 147% above the $3,383 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.
Are Closing Costs Negotiable?
Which fees you can push back on and how to do it.
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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Aggregates from Luminate Home Loans, Inc.'s 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
556
Ranked #592 nationally
Median Total Costs
$8,107
+21.4% vs national ($6,680)
Median Rate
6.875%
+5.9% vs national (6.490%)
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 | — |
| This lender | Minnesota median | National median | |
|---|---|---|---|
| Total Closing Costs | $7,954 | $5,563 | $6,680 |
| Interest Rate | 6.875% | 6.500% | 6.490% |
| Originations in state | 85 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
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%) |