Luminate Bank · Maine · 2025

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

Luminate Bank took 116 mortgage applications in Maine in 2025, ranking #84 of 537 lenders active in the state. It originated 68.1% of them and denied 0.9% (1.3% of the applications it decided), against a statewide denial rate of 16.3%.

116Applicationsin ME
1.3%Decision denial ratestate 20.1%
6.50%Median ratestate 6.88%
$290,000Median loanstate $215,000
$25MVolume14 counties

Luminate Bank in Maine vs the state

0.9%Denial rate-15.47 pts vs state
1.3%Decision denial rate-18.83 pts vs state
68.1%Origination rate+5.93 pts vs state
6.50%Median rate-0.38 pts vs state
0.36Rate spread (pts)+0.04 pts vs state
$89kMedian applicant income
79Loans originated
1Denied

What Luminate Bank lends in Maine

By loan purpose

Home purchase 89 77% · 0.0% denied
Refinance 11 9% · 9.1% denied
Cash-out refinance 15 13% · 0.0% denied
Other / HELOC 1 1% · 0.0% denied

By loan type

Conventional 60 52% · 1.7% denied
FHA 43 37% · 0.0% denied
VA 10 9% · 0.0% denied
USDA / RHS 3 3% · 0.0% denied

Why it denied Maine applicants

Debt-to-income ratio 1 100%

Where in Maine

Counties with the most Luminate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kennebec County 26150 0.0%
York County 25200 0.0%
Somerset County 17130 0.0%
Waldo County 1060 0.0%
Sagadahoc County 1060 0.0%
Cumberland County 840 0.0%
Penobscot County 640 0.0%
Oxford County 330 0.0%
Franklin County 320 0.0%
Lincoln County 220 0.0%

Other large lenders in Maine

LenderGradeApplicationsDenial rateMedian rate
Bangor Savings BankB 4,51817.2%7.25%
United Shore Financial ServicesB 2,6759.1%6.50%
Rocket MortgageC 2,62822.9%6.75%
The Camden National BankA 2,55913.2%6.99%
CMG MortgageA 2,2514.2%6.63%
Guild MortgageA 1,8385.3%6.63%
Kennebec Savings BankB 1,4939.6%7.00%
TD BankD 1,24420.2%7.35%
Mortgage Research CenterC 1,10417.6%6.25%
Evergreen Credit UnionD 97630.6%6.50%

Frequently asked questions

Maine: 116 applications in 2025, of which 79 were originated and 1 denied.

0.9% of all applications, or 1.3% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Luminate Bank originated in Maine in 2025 was 6.50%, against a statewide median of 6.88%.

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