Luminate Bank · Connecticut · 2025

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

Luminate Bank took 29 mortgage applications in Connecticut in 2025, ranking #264 of 687 lenders active in the state. It originated 69.0% of them and denied 3.5% (4.8% of the applications it decided), against a statewide denial rate of 17.4%.

29Applicationsin CT
4.8%Decision denial ratestate 21.6%
6.31%Median ratestate 6.63%
$345,000Median loanstate $245,000
$8.7MVolume6 counties

Luminate Bank in Connecticut vs the state

3.5%Denial rate-13.95 pts vs state
4.8%Decision denial rate-16.83 pts vs state
69.0%Origination rate+8.59 pts vs state
6.31%Median rate-0.31 pts vs state
0.01Rate spread (pts)-0.23 pts vs state
$124kMedian applicant income
20Loans originated
1Denied

What Luminate Bank lends in Connecticut

By loan purpose

Home purchase 21 72% · 4.8% denied
Refinance 6 21% · 0.0% denied
Cash-out refinance 2 7% · 0.0% denied

By loan type

Conventional 24 83% · 4.2% denied
FHA 2 7% · 0.0% denied
VA 3 10% · 0.0% denied

Why it denied Connecticut applicants

Debt-to-income ratio 1 100%

Where in Connecticut

Counties with the most Luminate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09120 630 0.0%
09110 660 0.0%
09190 641 16.7%
09180 540 0.0%
09140 420 0.0%
09170 210 0.0%

Other large lenders in Connecticut

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 6,04316.5%6.75%
Citizens BankC 4,89526.2%7.40%
Bank of AmericaF 4,59132.1%6.00%
United Shore Financial ServicesB 4,23913.7%6.50%
Total Mortgage ServicesB 4,2194.5%6.63%
Manufacturers and Traders TrustC 4,03031.8%5.99%
Liberty BankA 3,5139.5%5.99%
Webster BankC 2,76221.9%6.74%
NewrezD 2,55621.8%6.88%
AMERICAN EAGLE FINANCIAL Credit UnionD 2,46318.9%7.75%

Frequently asked questions

Connecticut: 29 applications in 2025, of which 20 were originated and 1 denied.

3.5% of all applications, or 4.8% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Luminate Bank originated in Connecticut in 2025 was 6.31%, against a statewide median of 6.63%.

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