Luminate Home Loans · Delaware · 2025

Luminate Home Loans in Delaware: approval rate, denial rate and rates (2025)

Luminate Home Loans took 39 mortgage applications in Delaware in 2025, ranking #134 of 540 lenders active in the state. It originated 69.2% of them and denied 2.6% (3.5% of the applications it decided), against a statewide denial rate of 18.2%.

39Applicationsin DE
3.5%Decision denial ratestate 22.7%
6.63%Median ratestate 6.63%
$285,000Median loanstate $245,000
$8.2MVolume3 counties

Luminate Home Loans in Delaware vs the state

2.6%Denial rate-15.60 pts vs state
3.5%Decision denial rate-19.28 pts vs state
69.2%Origination rate+10.04 pts vs state
6.63%Median rate0.00 pts vs state
0.13Rate spread (pts)-0.15 pts vs state
$84kMedian applicant income
27Loans originated
1Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
202331210.0%7.13%#131
20241581241.9%6.63%#55
202539272.6%6.63%#134

What Luminate Home Loans lends in Delaware

By loan purpose

Home purchase 29 74% · 3.5% denied
Refinance 6 15% · 0.0% denied
Cash-out refinance 4 10% · 0.0% denied

By loan type

Conventional 23 59% · 0.0% denied
FHA 14 36% · 7.1% denied
VA 2 5% · 0.0% denied

Why it denied Delaware applicants

Insufficient cash 1 100%

Where in Delaware

Counties with the most Luminate Home Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kent County 1580 0.0%
Sussex County 14101 7.1%
New Castle County 1090 0.0%

Other large lenders in Delaware

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 2,38115.5%6.88%
Wilmington Savings Fund SocietyB 1,80116.6%7.25%
Citizens BankC 1,63329.3%7.65%
PNC BankD 1,49225.1%7.50%
NVR Mortgage FinanceB 1,41418.7%6.63%
United Shore Financial ServicesB 1,40813.0%6.13%
Pike Creek Mortgage ServicesB 1,3832.2%6.38%
Manufacturers and Traders TrustC 1,33732.5%5.99%
NewrezD 1,12718.4%6.50%
Del-One Federal Credit UnionD 1,07041.3%7.00%

Frequently asked questions

Delaware: 39 applications in 2025, of which 27 were originated and 1 denied.

2.6% of all applications, or 3.5% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Luminate Home Loans originated in Delaware in 2025 was 6.63%, against a statewide median of 6.63%.

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