Luminate Bank in Rhode Island vs the state
11.1%Denial rate-7.59 pts vs state
13.3%Decision denial rate-9.84 pts vs state
72.2%Origination rate+12.47 pts vs state
6.81%Median rate+0.06 pts vs state
0.21Rate spread (pts)+0.03 pts vs state
$94kMedian applicant income
13Loans originated
2Denied
What Luminate Bank lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Luminate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 10 | 6 | 2 | 20.0% |
| Kent County | 5 | 5 | 0 | 0.0% |
| Bristol County | 2 | 1 | 0 | 0.0% |
| Newport County | 1 | 1 | 0 | 0.0% |
Other large lenders in Rhode Island
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 6,329 | 27.8% | 7.40% |
| Navigant Credit Union | B | 2,847 | 16.1% | 6.50% |
| COASTAL1 Credit Union | B | 1,931 | 24.3% | 6.75% |
| The Washington Trust Company, of Westerly | C | 1,755 | 21.9% | 6.38% |
| Rocket Mortgage | C | 1,430 | 19.7% | 6.75% |
| Movement Mortgage | A | 1,308 | 3.6% | 6.63% |
| Bank of America | F | 1,298 | 39.1% | 6.24% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
Frequently asked questions
Rhode Island: 18 applications in 2025, of which 13 were originated and 2 denied.
11.1% of all applications, or 13.3% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Luminate Bank originated in Rhode Island in 2025 was 6.81%, against a statewide median of 6.75%.
About this data. Figures are Luminate Bank's own HMDA filing for properties located in Rhode Island, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology