Luminate Home Loans in Florida vs the state
9.7%Denial rate-11.35 pts vs state
14.7%Decision denial rate-12.53 pts vs state
54.4%Origination rate+1.68 pts vs state
6.88%Median rate+0.25 pts vs state
0.66Rate spread (pts)+0.39 pts vs state
$117kMedian applicant income
56Loans originated
10Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 650 | 409 | 5.2% | 6.99% | #200 |
| 2024 | 711 | 442 | 7.0% | 6.99% | #193 |
| 2025 | 103 | 56 | 9.7% | 6.88% | #478 |
What Luminate Home Loans lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Luminate Home Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lee County | 18 | 6 | 4 | 22.2% |
| Manatee County | 11 | 10 | 0 | 0.0% |
| Sarasota County | 10 | 3 | 0 | 0.0% |
| Orange County | 8 | 2 | 1 | 12.5% |
| Marion County | 7 | 5 | 1 | 14.3% |
| Pinellas County | 6 | 4 | 0 | 0.0% |
| Lake County | 5 | 3 | 2 | 40.0% |
| Hillsborough County | 4 | 3 | 0 | 0.0% |
| Charlotte County | 4 | 0 | 1 | 25.0% |
| Sumter County | 3 | 2 | 1 | 33.3% |
Other large lenders in Florida
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 71,405 | 15.3% | 6.44% |
| Rocket Mortgage | C | 46,611 | 21.0% | 6.63% |
| Bank of America | F | 23,634 | 37.7% | 6.24% |
| Pennymac Loan Services | C | 19,516 | 14.1% | 6.50% |
| Navy Federal Credit Union | D | 19,452 | 23.2% | 7.59% |
| Crosscountry Mortgage | B | 19,103 | 5.2% | 6.75% |
| Newrez | D | 17,519 | 22.4% | 6.75% |
| Dhi Mortgage Company | B | 16,661 | 14.5% | 4.88% |
| Lennar Mortgage | A | 14,984 | 21.0% | 4.75% |
| Truist Bank | C | 14,140 | 41.5% | 6.60% |
Frequently asked questions
Florida: 103 applications in 2025, of which 56 were originated and 10 denied.
9.7% of all applications, or 14.7% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Luminate Home Loans originated in Florida in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Luminate Home Loans's own HMDA filing for properties located in Florida, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology