Lender in New Jersey · HMDA 2025
Luminate Bank mortgages in New Jersey
Luminate Bank's 2025 home-purchase and refinance lending in New Jersey, compared with all lenders in the state.
Luminate Bank originated 966 owner-occupied single-family loans in New Jersey from 1,017 completed applications, making it the state's #24 lender by volume.
Its median conventional purchase loan costs were $5,900 versus $6,720 for all New Jersey lenders, at a median 30-year fixed rate of 6.50% (New Jersey: 6.625%).
Loans in NJ
966
of 1,017 applications
Denial rate
4.0%
Purchase · NJ 8.4%
Rate spread
+0.00 pts
Conv. · NJ +0.12 pts
Loan amount
$505,000
Purchase · NJ $455,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 829 | 789 | 4.0% | 6.500% | +0.00 pts | $5,900 | $505,000 |
| Refinance | 117 | 114 | 2.6% | 6.125% | −0.06 pts | $4,990 | $545,000 |
| Cash-out refinance | 71 | 63 | 8.5% | 6.625% | +0.26 pts | $5,540 | $475,000 |
*Conventional loans only; medians with at least 20 loans.
New Jersey counties where Luminate Bank ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Bergen County | 7 | 195 | 2.3% |
| Morris County | 7 | 142 | 2.4% |
| Passaic County | 8 | 110 | 2.9% |
| Essex County | 9 | 139 | 2.3% |
| Sussex County | 14 | 37 | 1.6% |
| Hudson County | 23 | 32 | 0.8% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology