Luminate Home Loans in Minnesota vs the state
1.9%Denial rate-11.71 pts vs state
2.7%Decision denial rate-13.61 pts vs state
67.0%Origination rate+0.61 pts vs state
6.88%Median rate+0.25 pts vs state
0.36Rate spread (pts)+0.11 pts vs state
$114kMedian applicant income
142Loans originated
4Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,808 | 1,412 | 1.5% | 6.88% | #20 |
| 2024 | 1,993 | 1,574 | 2.1% | 6.88% | #19 |
| 2025 | 212 | 142 | 1.9% | 6.88% | #136 |
What Luminate Home Loans lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Luminate Home Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 63 | 38 | 0 | 0.0% |
| Ramsey County | 20 | 14 | 0 | 0.0% |
| Dakota County | 17 | 12 | 0 | 0.0% |
| Anoka County | 16 | 11 | 0 | 0.0% |
| Blue Earth County | 13 | 9 | 0 | 0.0% |
| Washington County | 13 | 11 | 0 | 0.0% |
| Scott County | 8 | 6 | 0 | 0.0% |
| Wright County | 7 | 5 | 0 | 0.0% |
| Isanti County | 7 | 4 | 1 | 14.3% |
| Crow Wing County | 5 | 5 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 212 applications in 2025, of which 142 were originated and 4 denied.
1.9% of all applications, or 2.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Luminate Home Loans originated in Minnesota 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 Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology