Luminate Bank · Wisconsin · 2025

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

Luminate Bank took 299 mortgage applications in Wisconsin in 2025, ranking #120 of 938 lenders active in the state. It originated 78.6% of them and denied 4.4% (5.2% of the applications it decided), against a statewide denial rate of 14.0%.

299Applicationsin WI
5.2%Decision denial ratestate 16.4%
6.99%Median ratestate 6.63%
$285,000Median loanstate $165,000
$70MVolume38 counties

Luminate Bank in Wisconsin vs the state

4.4%Denial rate-9.66 pts vs state
5.2%Decision denial rate-11.12 pts vs state
78.6%Origination rate+10.45 pts vs state
6.99%Median rate+0.37 pts vs state
0.71Rate spread (pts)+0.59 pts vs state
$105kMedian applicant income
235Loans originated
13Denied

What Luminate Bank lends in Wisconsin

By loan purpose

Home purchase 233 78% · 3.4% denied
Refinance 44 15% · 4.6% denied
Cash-out refinance 21 7% · 14.3% denied
Other / HELOC 1 0% · 0.0% denied

By loan type

Conventional 244 82% · 2.9% denied
FHA 44 15% · 11.4% denied
VA 10 3% · 10.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 6 46%
Collateral 3 23%
Other 2 15%
Credit history 2 15%

Where in Wisconsin

Counties with the most Luminate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Brown County 54500 0.0%
Waukesha County 48361 2.1%
Outagamie County 25231 4.0%
Milwaukee County 25163 12.0%
Winnebago County 20142 10.0%
St. Croix County 18160 0.0%
Kenosha County 13101 7.7%
Dane County 860 0.0%
Pierce County 741 14.3%
Washington County 750 0.0%

Other large lenders in Wisconsin

LenderGradeApplicationsDenial rateMedian rate
Summit Credit UnionA 15,48313.8%6.75%
University of Wisconsin Credit UnionA 11,78113.8%6.50%
Landmark Credit UnionA 9,39317.7%6.50%
Rocket MortgageC 7,81918.0%6.63%
Associated BankB 7,45123.7%6.88%
BMO BankF 5,20225.3%8.23%
Educators Credit UnionB 4,93024.3%6.95%
U.S. BankD 4,71026.0%6.88%
Covantage Credit UnionB 4,5817.7%6.50%
United Shore Financial ServicesB 4,42111.8%6.38%

Frequently asked questions

Wisconsin: 299 applications in 2025, of which 235 were originated and 13 denied.

4.4% of all applications, or 5.2% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Luminate Bank originated in Wisconsin in 2025 was 6.99%, against a statewide median of 6.63%.

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