Luminate Bank in New Jersey vs the state
3.1%Denial rate-14.56 pts vs state
4.5%Decision denial rate-18.54 pts vs state
65.5%Origination rate+9.86 pts vs state
6.49%Median rate-0.26 pts vs state
0.00Rate spread (pts)-0.28 pts vs state
$183kMedian applicant income
1,069Loans originated
51Denied
What Luminate Bank lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Luminate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 355 | 219 | 15 | 4.2% |
| Essex County | 217 | 148 | 6 | 2.8% |
| Morris County | 214 | 147 | 6 | 2.8% |
| Passaic County | 162 | 117 | 4 | 2.5% |
| Ocean County | 115 | 78 | 2 | 1.7% |
| Monmouth County | 94 | 72 | 1 | 1.1% |
| Middlesex County | 78 | 41 | 3 | 3.8% |
| Union County | 63 | 39 | 0 | 0.0% |
| Sussex County | 63 | 42 | 3 | 4.8% |
| Hudson County | 62 | 33 | 2 | 3.2% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 1,631 applications in 2025, of which 1,069 were originated and 51 denied.
3.1% of all applications, or 4.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Luminate Bank originated in New Jersey in 2025 was 6.49%, against a statewide median of 6.75%.
About this data. Figures are Luminate Bank's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology