# Luminate Home Loans, Inc.

> **Canonical URL:** https://saferate.com/lenders/luminate-home-loans


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Luminate Home Loans, Inc. is a independent mortgage company, headquartered in Roseville, MN, serving borrowers nationwide, with 7,561 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 87% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 34% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300AENO88GEUWCZ39
- **Headquarters:** Roseville, MN
- **Geographic Reach:** National
- **States Served:** 50
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 13/100
- Rating: ●○○○○ (1/5)

### Pull Through: Strong 😀
- Score: 66/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.581%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,167
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 7,561
- **Dollar Volume:** $2.9 billion
- **Applications Received:** 10,812
- **Market Share:** 21.00%

## Typical Borrower Profile

- **Average Loan Amount:** $384,448
- **Average Borrower Income:** $150,074
- **Average Property Value:** $482,504

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 83/100 | 5,157 | +0.541% | $4,077 | Exceptional 🤩 |
| FHA | 83/100 | 1,656 | +0.910% | $4,531 | Exceptional 🤩 |
| VA | 80/100 | 539 | +0.123% | $4,643 | Strong 😀 |
| Jumbo | 81/100 | 157 | +0.466% | $3,211 | Exceptional 🤩 |
| USDA | 82/100 | 52 | +0.721% | $3,506 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 4,582 loans, Score: 83/100 (Exceptional)
- Refinance: 575 loans, Score: 71/100 (Strong)

**FHA:**
- Purchase: 1,414 loans, Score: 83/100 (Exceptional)
- Refinance: 242 loans, Score: 81/100 (Exceptional)

**VA:**
- Purchase: 495 loans, Score: 80/100 (Strong)
- Refinance: 44 loans, Score: 52/100 (Sound)

**Jumbo:**
- Purchase: 140 loans, Score: 82/100 (Exceptional)

**USDA:**
- Purchase: 52 loans, Score: 82/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 84/100 | 6,683 | $2.6B | +0.600% | Exceptional 🤩 |
| Refinance | 73/100 | 878 | $339M | +0.435% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 1,296 | 2.00% | 87/100 |
| CA | 578 | 0.20% | 69/100 |
| CO | 544 | 0.65% | 76/100 |
| OK | 533 | 1.29% | 80/100 |
| TX | 424 | 0.12% | 67/100 |
| WA | 399 | 0.47% | 76/100 |
| FL | 345 | 0.12% | 64/100 |
| SC | 279 | 0.35% | 73/100 |
| IN | 254 | 0.28% | 67/100 |
| AR | 209 | 0.65% | 69/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Minneapolis | MN-WI | 1,130 | 87/100 |
| Non |  | 910 | 74/100 |
| Denver | CO | 357 | 75/100 |
| Oklahoma City, OK | OK | 316 | 82/100 |
| Greenville | SC | 200 | 82/100 |
| Las Vegas | NV | 174 | 72/100 |
| Tulsa, OK | OK | 163 | 70/100 |
| Portland | OR-WA | 146 | 67/100 |
| San Diego | CA | 137 | 66/100 |
| Chicago | IL | 123 | 62/100 |
| Houston | TX | 117 | 60/100 |
| Tacoma | WA | 111 | 74/100 |
| Cape Coral | FL | 106 | 68/100 |
| Phoenix | AZ | 98 | 58/100 |
| Little Rock | AR | 96 | 71/100 |

## Where This Lender Ranks

Luminate Home Loans, Inc. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#6** in Minneapolis for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🏆 **#7** in Minneapolis for USDA Loans
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/usda-loans)
- 🏆 **#8** in Evansville, IN for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/evansville-in/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#8** in Provo for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/provo/best-mortgage-lenders/mortgage-companies/jumbo-loans)
- 🏆 **#9** in Manhattan, KS Mortgage Companies
  - [View Full Rankings](https://saferate.com/manhattan-ks/best-mortgage-lenders/mortgage-companies)
- 🏆 **#9** in Manhattan, KS for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/manhattan-ks/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#10** in Kokomo, IN Mortgage Companies
  - [View Full Rankings](https://saferate.com/kokomo-in/best-mortgage-lenders/mortgage-companies)
- 🏆 **#10** in Evansville, IN for VA Loans
  - [View Full Rankings](https://saferate.com/evansville-in/best-mortgage-lenders/va-loans)
- 🏆 **#11** in Burlington Mortgage Companies
  - [View Full Rankings](https://saferate.com/burlington/best-mortgage-lenders/mortgage-companies)
- 🏆 **#11** in Manhattan, KS for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/manhattan-ks/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#12** in Minneapolis for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/mortgage-companies/jumbo-loans)
- 🏆 **#12** in Vermont for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/vermont/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#12** in Florence for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/florence/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#13** in Salt Lake City for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders/mortgage-companies/jumbo-loans)
- 🏆 **#13** in Kokomo, IN for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/kokomo-in/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#13** in Burlington for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/burlington/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#13** in Provo for Jumbo Loans
  - [View Full Rankings](https://saferate.com/provo/best-mortgage-lenders/jumbo-loans)
- 🏆 **#13** in Florence for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/florence/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#14** in Minnesota for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies/jumbo-loans)
- 🏆 **#14** in Kokomo, IN
  - [View Full Rankings](https://saferate.com/kokomo-in/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does Luminate Home Loans, Inc. offer?

Luminate Home Loans, Inc. offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Luminate Home Loans, Inc. offer mortgages?

Luminate Home Loans, Inc. is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are Luminate Home Loans, Inc.'s mortgage rates?

Luminate Home Loans, Inc. has a pricing score of 13/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.581% above market average.

### What type of lender is Luminate Home Loans, Inc.?

Luminate Home Loans, Inc. is a non-depository lender that specializes in mortgage origination, headquartered in Roseville, MN.

### What is Luminate Home Loans, Inc.'s loan approval success rate?

Luminate Home Loans, Inc. has a pull-through score of 66/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/luminate-home-loans

### How to Cite

> "Luminate Home Loans, Inc. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/luminate-home-loans

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