Luminate Home Loans in Virginia vs the state
12.5%Denial rate-3.44 pts vs state
14.3%Decision denial rate-5.96 pts vs state
75.0%Origination rate+15.48 pts vs state
6.81%Median rate+0.19 pts vs state
0.04Rate spread (pts)-0.18 pts vs state
$118kMedian applicant income
12Loans originated
2Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 138 | 105 | 1.5% | 6.99% | #226 |
| 2024 | 193 | 120 | 0.0% | 6.75% | #210 |
| 2025 | 16 | 12 | 12.5% | 6.81% | #520 |
What Luminate Home Loans lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Luminate Home Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 2 | 2 | 0 | 0.0% |
| Loudoun County | 2 | 1 | 0 | 0.0% |
| Virginia Beach city | 1 | 0 | 0 | 0.0% |
| Suffolk city | 1 | 1 | 0 | 0.0% |
| Arlington County | 1 | 1 | 0 | 0.0% |
| Portsmouth city | 1 | 0 | 1 | 100.0% |
| Prince William County | 1 | 1 | 0 | 0.0% |
| Newport News city | 1 | 1 | 0 | 0.0% |
| Middlesex County | 1 | 1 | 0 | 0.0% |
| Richmond city | 1 | 0 | 1 | 100.0% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 16 applications in 2025, of which 12 were originated and 2 denied.
12.5% of all applications, or 14.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Luminate Home Loans originated in Virginia in 2025 was 6.81%, against a statewide median of 6.63%.
About this data. Figures are Luminate Home Loans's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology