Luminate Bank · Georgia · 2025

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

Luminate Bank took 263 mortgage applications in Georgia in 2025, ranking #209 of 1,201 lenders active in the state. It originated 64.6% of them and denied 2.3% (3.3% of the applications it decided), against a statewide denial rate of 19.2%.

263Applicationsin GA
3.3%Decision denial ratestate 25.1%
6.63%Median ratestate 6.63%
$275,000Median loanstate $235,000
$55MVolume51 counties

Luminate Bank in Georgia vs the state

2.3%Denial rate-16.94 pts vs state
3.3%Decision denial rate-21.74 pts vs state
64.6%Origination rate+10.55 pts vs state
6.63%Median rate0.00 pts vs state
0.36Rate spread (pts)+0.09 pts vs state
$112kMedian applicant income
170Loans originated
6Denied

What Luminate Bank lends in Georgia

By loan purpose

Home purchase 176 67% · 2.3% denied
Refinance 34 13% · 2.9% denied
Cash-out refinance 47 18% · 2.1% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 5 2% · 0.0% denied

By loan type

Conventional 178 68% · 2.3% denied
FHA 64 24% · 3.1% denied
VA 19 7% · 0.0% denied
USDA / RHS 2 1% · 0.0% denied

Why it denied Georgia applicants

Debt-to-income ratio 2 33%
Other 2 33%
Collateral 1 17%
Employment history 1 17%

Where in Georgia

Counties with the most Luminate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Gwinnett County 41281 2.4%
DeKalb County 32210 0.0%
Floyd County 31201 3.2%
Fulton County 22120 0.0%
Gordon County 16120 0.0%
Cobb County 1071 10.0%
Hall County 950 0.0%
Cherokee County 840 0.0%
Forsyth County 740 0.0%
Bartow County 530 0.0%

Other large lenders in Georgia

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 29,84518.2%6.63%
United Shore Financial ServicesB 23,78412.6%6.25%
Navy Federal Credit UnionD 12,38826.4%7.95%
Truist BankC 10,56338.7%6.49%
Pennymac Loan ServicesC 10,27311.6%6.49%
Broker SolutionsD 9,7098.6%6.63%
Mortgage Research CenterC 9,44319.8%6.25%
Freedom MortgageB 9,2939.1%6.25%
Bank of AmericaF 9,16836.5%6.24%
Ameris BankB 8,06510.1%6.50%

Frequently asked questions

Georgia: 263 applications in 2025, of which 170 were originated and 6 denied.

2.3% of all applications, or 3.3% of the applications it actually decided on. The Georgia statewide average across all lenders was 19.2%.

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

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