Lender in Minnesota · HMDA 2025
Luminate Bank mortgages in Minnesota
Luminate Bank's 2025 home-purchase and refinance lending in Minnesota, compared with all lenders in the state.
Luminate Bank originated 1,148 owner-occupied single-family loans in Minnesota from 1,182 completed applications, making it the state's #13 lender by volume.
Its median conventional purchase loan costs were $7,040 versus $5,100 for all Minnesota lenders, at a median 30-year fixed rate of 6.625% (Minnesota: 6.625%).
Loans in MN
1,148
of 1,182 applications
Denial rate
1.8%
Purchase · MN 5.2%
Rate spread
+0.29 pts
Conv. · MN +0.15 pts
Loan amount
$315,000
Purchase · MN $305,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 1,048 | 1,021 | 1.8% | 6.625% | +0.29 pts | $7,040 | $315,000 |
| Refinance | 89 | 85 | 4.5% | 6.375% | +0.19 pts | $6,070 | $385,000 |
| Cash-out refinance | 45 | 42 | 4.4% | 6.875% | +0.44 pts | $6,310 | $275,000 |
*Conventional loans only; medians with at least 20 loans.
Minnesota counties where Luminate Bank ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Blue Earth County | 5 | 30 | 4.3% |
| Nicollet County | 5 | 18 | 3.9% |
| Scott County | 9 | 51 | 2.1% |
| Hennepin County | 10 | 370 | 2.3% |
| Isanti County | 10 | 18 | 2.5% |
| McLeod County | 10 | 11 | 2.1% |
| Waseca County | 10 | 5 | 2.3% |
| Pope County | 10 | 4 | 3.5% |
| Goodhue County | 11 | 13 | 2.0% |
| Crow Wing County | 13 | 19 | 2.3% |
| Chisago County | 13 | 16 | 1.7% |
| Cass County | 13 | 7 | 2.0% |
| Brown County | 13 | 6 | 2.1% |
| Dakota County | 14 | 123 | 1.9% |
| Sherburne County | 14 | 29 | 1.6% |
| Rice County | 14 | 15 | 1.9% |
| Ramsey County | 15 | 105 | 1.8% |
| Anoka County | 15 | 97 | 1.8% |
| Carver County | 15 | 32 | 1.6% |
| Hubbard County | 16 | 4 | 1.9% |
| Lyon County | 16 | 3 | 1.2% |
| Pine County | 17 | 6 | 1.7% |
| Big Stone County | 18 | 1 | 2.3% |
| Le Sueur County | 19 | 6 | 1.5% |
| Freeborn County | 21 | 4 | 1.1% |
| Wright County | 22 | 35 | 1.1% |
| Washington County | 23 | 53 | 1.1% |
| Mille Lacs County | 25 | 5 | 1.1% |
| Lac qui Parle County | 25 | 1 | 2.0% |
| Marshall County | 25 | 1 | 1.3% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology