Luminate Bank in New York vs the state
3.6%Denial rate-16.18 pts vs state
5.3%Decision denial rate-18.78 pts vs state
64.3%Origination rate+4.70 pts vs state
6.38%Median rate-0.25 pts vs state
0.00Rate spread (pts)-0.21 pts vs state
$185kMedian applicant income
198Loans originated
11Denied
What Luminate Bank lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Luminate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Suffolk County | 75 | 55 | 2 | 2.7% |
| Queens County | 49 | 28 | 1 | 2.0% |
| Nassau County | 41 | 25 | 1 | 2.4% |
| Kings County | 25 | 15 | 0 | 0.0% |
| Westchester County | 20 | 15 | 1 | 5.0% |
| Orange County | 16 | 12 | 0 | 0.0% |
| New York County | 16 | 8 | 2 | 12.5% |
| Bronx County | 13 | 10 | 1 | 7.7% |
| Rockland County | 7 | 5 | 0 | 0.0% |
| Dutchess County | 5 | 4 | 0 | 0.0% |
Other large lenders in New York
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 20,315 | 32.7% | 7.97% |
| Rocket Mortgage | C | 19,924 | 22.0% | 6.88% |
| United Shore Financial Services | B | 14,777 | 11.2% | 6.50% |
| JPMorgan Chase Bank | B | 14,735 | 11.7% | 6.38% |
| Manufacturers and Traders Trust | C | 12,335 | 31.3% | 5.99% |
| Bank of America | F | 10,193 | 35.7% | 5.99% |
| Bethpage Federal Credit Union | C | 9,736 | 47.2% | 6.49% |
| TD Bank | D | 9,239 | 30.2% | 7.69% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
Frequently asked questions
New York: 308 applications in 2025, of which 198 were originated and 11 denied.
3.6% of all applications, or 5.3% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Luminate Bank originated in New York in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Luminate Bank's own HMDA filing for properties located in New York, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology