Luminate Bank in Alabama vs the state
2.0%Denial rate-17.85 pts vs state
3.3%Decision denial rate-21.67 pts vs state
54.0%Origination rate-1.39 pts vs state
6.25%Median rate-0.25 pts vs state
0.18Rate spread (pts)-0.11 pts vs state
$79kMedian applicant income
27Loans originated
1Denied
What Luminate Bank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Luminate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Baldwin County | 13 | 7 | 1 | 7.7% |
| Mobile County | 8 | 2 | 0 | 0.0% |
| Jefferson County | 7 | 6 | 0 | 0.0% |
| Cherokee County | 7 | 4 | 0 | 0.0% |
| Madison County | 3 | 2 | 0 | 0.0% |
| Russell County | 2 | 0 | 0 | 0.0% |
| Shelby County | 2 | 1 | 0 | 0.0% |
| Chilton County | 2 | 1 | 0 | 0.0% |
| Morgan County | 1 | 1 | 0 | 0.0% |
| Etowah County | 1 | 0 | 0 | 0.0% |
Other large lenders in Alabama
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Regions Bank | C | 11,871 | 37.2% | 4.99% |
| Rocket Mortgage | C | 9,941 | 20.5% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 8,461 | 41.4% | 9.50% |
| United Shore Financial Services | B | 7,689 | 12.0% | 6.13% |
| 21st Mortgage | F | 6,507 | 46.0% | 9.98% |
| Mortgage Research Center | C | 5,107 | 18.4% | 6.25% |
| REDSTONE Federal Credit Union | C | 4,548 | 18.9% | 8.13% |
| Dhi Mortgage Company | B | 3,909 | 17.5% | 4.99% |
| Freedom Mortgage | B | 3,725 | 8.7% | 6.25% |
| Pennymac Loan Services | C | 3,611 | 11.6% | 6.25% |
Frequently asked questions
Alabama: 50 applications in 2025, of which 27 were originated and 1 denied.
2.0% of all applications, or 3.3% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Luminate Bank originated in Alabama in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Luminate Bank's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology