Luminate Bank in Indiana vs the state
2.4%Denial rate-14.13 pts vs state
3.2%Decision denial rate-16.97 pts vs state
74.3%Origination rate+12.03 pts vs state
6.88%Median rate+0.13 pts vs state
0.74Rate spread (pts)+0.37 pts vs state
$82kMedian applicant income
517Loans originated
17Denied
What Luminate Bank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Luminate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Vanderburgh County | 106 | 87 | 2 | 1.9% |
| Marion County | 89 | 54 | 3 | 3.4% |
| Howard County | 82 | 63 | 1 | 1.2% |
| Lake County | 65 | 49 | 0 | 0.0% |
| Porter County | 54 | 39 | 0 | 0.0% |
| Gibson County | 25 | 20 | 1 | 4.0% |
| LaPorte County | 21 | 13 | 0 | 0.0% |
| Pike County | 21 | 17 | 2 | 9.5% |
| Johnson County | 19 | 12 | 1 | 5.3% |
| Warrick County | 19 | 18 | 0 | 0.0% |
Other large lenders in Indiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,503 | 18.6% | 6.75% |
| Ruoff Mortgage Company | A | 8,860 | 4.0% | 6.75% |
| Fifth Third Bank | D | 8,693 | 27.6% | 7.75% |
| United Shore Financial Services | B | 8,659 | 12.2% | 6.38% |
| Freedom Mortgage | B | 5,454 | 8.9% | 6.25% |
| Newrez | D | 5,421 | 18.2% | 6.63% |
| First Merchants Bank | C | 5,114 | 19.9% | 6.76% |
| Fairway Independent Mortgage | B | 4,813 | 7.4% | 6.75% |
| Mortgage Research Center | C | 4,791 | 19.0% | 6.25% |
| PNC Bank | D | 4,724 | 25.1% | 7.55% |
Frequently asked questions
Indiana: 696 applications in 2025, of which 517 were originated and 17 denied.
2.4% of all applications, or 3.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Luminate Bank originated in Indiana in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are Luminate Bank's own HMDA filing for properties located in Indiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology