Luminate Bank · Colorado · 2025

Luminate Bank in Colorado: approval rate, denial rate and rates (2025)

Luminate Bank took 783 mortgage applications in Colorado in 2025, ranking #75 of 1,114 lenders active in the state. It originated 69.4% of them and denied 2.6% (3.5% of the applications it decided), against a statewide denial rate of 15.6%.

783Applicationsin CO
3.5%Decision denial ratestate 19.7%
6.49%Median ratestate 6.63%
$435,000Median loanstate $325,000
$253MVolume35 counties

Luminate Bank in Colorado vs the state

2.6%Denial rate-13.08 pts vs state
3.5%Decision denial rate-16.13 pts vs state
69.4%Origination rate+9.33 pts vs state
6.49%Median rate-0.13 pts vs state
0.19Rate spread (pts)+0.04 pts vs state
$123kMedian applicant income
543Loans originated
20Denied

What Luminate Bank lends in Colorado

By loan purpose

Home purchase 567 72% · 2.1% denied
Refinance 132 17% · 1.5% denied
Cash-out refinance 75 10% · 5.3% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 8 1% · 25.0% denied

By loan type

Conventional 517 66% · 1.9% denied
FHA 228 29% · 4.0% denied
VA 37 5% · 2.7% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Colorado applicants

Collateral 9 45%
Credit history 6 30%
Debt-to-income ratio 3 15%
Other 2 10%

Where in Colorado

Counties with the most Luminate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Adams County 125907 5.6%
Arapahoe County 113852 1.8%
Jefferson County 90611 1.1%
Denver County 88600 0.0%
Douglas County 79523 3.8%
Mesa County 61460 0.0%
Weld County 58382 3.4%
El Paso County 29210 0.0%
Larimer County 29251 3.4%
Garfield County 2091 5.0%

Other large lenders in Colorado

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 23,1118.8%6.13%
ENT Credit UnionB 13,23820.9%7.50%
Rocket MortgageC 11,48615.7%6.61%
Guild MortgageA 6,2323.1%6.62%
Bellco Credit UnionF 5,86340.9%8.00%
U.S. BankD 4,97836.0%7.95%
American FinancingD 4,93741.3%6.38%
FirstBankC 4,92915.6%7.00%
Canvas Credit UnionC 4,88913.7%7.89%
ElevationsC 4,42610.8%6.88%

Frequently asked questions

Colorado: 783 applications in 2025, of which 543 were originated and 20 denied.

2.6% of all applications, or 3.5% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.

The median rate on loans Luminate Bank originated in Colorado in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are Luminate Bank's own HMDA filing for properties located in Colorado, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology