Luminate Bank · Texas · 2025

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

Luminate Bank took 388 mortgage applications in Texas in 2025, ranking #301 of 1,568 lenders active in the state. It originated 62.9% of them and denied 4.1% (6.1% of the applications it decided), against a statewide denial rate of 19.4%.

388Applicationsin TX
6.1%Decision denial ratestate 24.9%
6.88%Median ratestate 6.50%
$265,000Median loanstate $245,000
$75MVolume64 counties

Luminate Bank in Texas vs the state

4.1%Denial rate-15.31 pts vs state
6.1%Decision denial rate-18.77 pts vs state
62.9%Origination rate+8.01 pts vs state
6.88%Median rate+0.38 pts vs state
0.60Rate spread (pts)+0.41 pts vs state
$118kMedian applicant income
244Loans originated
16Denied

What Luminate Bank lends in Texas

By loan purpose

Home purchase 277 71% · 2.9% denied
Refinance 64 16% · 6.3% denied
Cash-out refinance 44 11% · 9.1% denied
Other / HELOC 3 1% · 0.0% denied

By loan type

Conventional 252 65% · 4.0% denied
FHA 119 31% · 5.0% denied
VA 16 4% · 0.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Texas applicants

Other 5 31%
Debt-to-income ratio 4 25%
Credit history 4 25%
Collateral 1 6%
Incomplete application 1 6%
Unverifiable information 1 6%

Where in Texas

Counties with the most Luminate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Harris County 108634 3.7%
Montgomery County 34201 2.9%
Fort Bend County 28162 7.1%
Chambers County 19150 0.0%
Galveston County 1592 13.3%
Tarrant County 13110 0.0%
Dallas County 1080 0.0%
Denton County 980 0.0%
Caldwell County 931 11.1%
Travis County 841 12.5%

Other large lenders in Texas

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 56,49111.0%6.25%
Rocket MortgageC 45,65822.4%6.63%
21st MortgageF 37,96145.9%9.94%
Dhi Mortgage CompanyB 26,34813.5%4.50%
Lennar MortgageA 21,95920.5%4.50%
Bank of AmericaF 18,00843.0%6.24%
JPMorgan Chase BankB 16,2609.8%6.45%
CMG MortgageA 15,9783.9%6.50%
Vanderbilt Mortgage and FinanceF 15,68344.7%10.50%
Triad Financial ServicesD 15,15850.0%9.35%

Frequently asked questions

Texas: 388 applications in 2025, of which 244 were originated and 16 denied.

4.1% of all applications, or 6.1% of the applications it actually decided on. The Texas statewide average across all lenders was 19.4%.

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

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