Luminate Bank in Maryland vs the state
5.1%Denial rate-13.69 pts vs state
6.8%Decision denial rate-17.32 pts vs state
70.0%Origination rate+14.26 pts vs state
6.88%Median rate+0.25 pts vs state
0.53Rate spread (pts)+0.28 pts vs state
$120kMedian applicant income
219Loans originated
16Denied
What Luminate Bank lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Luminate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Worcester County | 46 | 36 | 1 | 2.2% |
| Prince George's County | 43 | 28 | 5 | 11.6% |
| Wicomico County | 42 | 33 | 1 | 2.4% |
| Anne Arundel County | 30 | 23 | 0 | 0.0% |
| Baltimore County | 29 | 17 | 2 | 6.9% |
| Montgomery County | 25 | 17 | 1 | 4.0% |
| Baltimore city | 23 | 19 | 0 | 0.0% |
| Howard County | 15 | 8 | 1 | 6.7% |
| Charles County | 14 | 5 | 2 | 14.3% |
| Carroll County | 10 | 8 | 0 | 0.0% |
Other large lenders in Maryland
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 12,806 | 16.8% | 6.63% |
| Navy Federal Credit Union | D | 11,436 | 23.0% | 8.00% |
| United Shore Financial Services | B | 9,307 | 16.0% | 6.13% |
| Truist Bank | C | 6,559 | 34.9% | 6.49% |
| Bank of America | F | 6,051 | 35.8% | 6.24% |
| Newrez | D | 5,739 | 21.0% | 6.63% |
| State Employees Credit Union of Maryland | D | 5,624 | 44.6% | 6.25% |
| PNC Bank | D | 5,582 | 28.0% | 7.41% |
| Manufacturers and Traders Trust | C | 5,497 | 32.0% | 5.99% |
| Pennymac Loan Services | C | 5,411 | 12.4% | 6.49% |
Frequently asked questions
Maryland: 313 applications in 2025, of which 219 were originated and 16 denied.
5.1% of all applications, or 6.8% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Luminate Bank originated in Maryland in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Luminate Bank's own HMDA filing for properties located in Maryland, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology