Luminate Home Loans · Utah · 2025

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

Luminate Home Loans took 12 mortgage applications in Utah in 2025, ranking #274 of 575 lenders active in the state. It originated 41.7% of them and denied 16.7% (28.6% of the applications it decided), against a statewide denial rate of 16.0%.

12Applicationsin UT
28.6%Decision denial ratestate 19.2%
7.00%Median ratestate 6.63%
$555,000Median loanstate $305,000
$2.9MVolume5 counties

Luminate Home Loans in Utah vs the state

16.7%Denial rate+0.71 pts vs state
28.6%Decision denial rate+9.39 pts vs state
41.7%Origination rate-21.57 pts vs state
7.00%Median rate+0.38 pts vs state
0.08Rate spread (pts)-0.16 pts vs state
$170kMedian applicant income
5Loans originated
2Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232111473.8%6.99%#90
20242411610.4%6.99%#84
202512516.7%7.00%#274

What Luminate Home Loans lends in Utah

By loan purpose

Home purchase 8 67% · 12.5% denied
Refinance 3 25% · 0.0% denied
Cash-out refinance 1 8% · 100.0% denied

By loan type

Conventional 8 67% · 12.5% denied
FHA 1 8% · 100.0% denied
VA 3 25% · 0.0% denied

Why it denied Utah applicants

Collateral 2 100%

Where in Utah

Counties with the most Luminate Home Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Iron County 532 40.0%
Salt Lake County 400 0.0%
Washington County 110 0.0%
Summit County 110 0.0%
Box Elder County 100 0.0%

Other large lenders in Utah

LenderGradeApplicationsDenial rateMedian rate
AMERICA FIRST Federal Credit UnionC 16,30318.3%6.99%
Mountain America Federal Credit UnionD 15,40136.5%7.24%
United Shore Financial ServicesB 11,3258.5%6.25%
Rocket MortgageC 6,27614.6%6.63%
Guild MortgageA 5,4271.5%6.50%
Intercap LendingA 4,8810.7%6.50%
GoldenwestB 4,79417.6%7.50%
First Colony MortgageA 3,4992.1%6.38%
Kind LendingC 3,22720.3%6.50%
Zions BancorporationB 3,01322.9%6.49%

Frequently asked questions

Utah: 12 applications in 2025, of which 5 were originated and 2 denied.

16.7% of all applications, or 28.6% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Luminate Home Loans originated in Utah in 2025 was 7.00%, against a statewide median of 6.63%.

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