Luminate Bank in Virginia vs the state
3.2%Denial rate-12.76 pts vs state
4.2%Decision denial rate-16.03 pts vs state
70.5%Origination rate+10.93 pts vs state
6.62%Median rate0.00 pts vs state
0.24Rate spread (pts)+0.02 pts vs state
$144kMedian applicant income
155Loans originated
7Denied
What Luminate Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Luminate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 44 | 34 | 1 | 2.3% |
| Alexandria city | 18 | 11 | 0 | 0.0% |
| Loudoun County | 14 | 9 | 0 | 0.0% |
| Portsmouth city | 13 | 9 | 2 | 15.4% |
| Hampton city | 11 | 5 | 2 | 18.2% |
| Prince William County | 10 | 6 | 0 | 0.0% |
| Arlington County | 8 | 6 | 0 | 0.0% |
| Newport News city | 6 | 4 | 0 | 0.0% |
| Virginia Beach city | 6 | 5 | 0 | 0.0% |
| Stafford County | 6 | 5 | 0 | 0.0% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 220 applications in 2025, of which 155 were originated and 7 denied.
3.2% of all applications, or 4.2% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Luminate Bank originated in Virginia in 2025 was 6.62%, against a statewide median of 6.63%.
About this data. Figures are Luminate Bank's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology