Logan Finance at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
14th17.8% deniedPricingmedian rate spread over APOR, weight 30%
68th0.73 ptsProcesswithdrawn + incomplete share, weight 15%
5th33.1%Closing coststotal loan costs ÷ loan amount, weight 10%
55th3.21% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,885 | 1,693 | 7.7% | 11.5% | 8.50% | $980M |
| 2024 | 4,614 | 2,942 | 5.5% | 7.9% | 7.62% | $2.0B |
| 2025 | 5,687 | 3,056 | 11.9% | 17.8% | 7.12% | $2.2B |
What Logan Finance lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 3,863 investment properties.
Why Logan Finance denies applications
Primary reason reported for each of the 678 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Logan Finance
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 22 | 4 | 71.4% |
| $50k – $100k | 126 | 59 | 23.8% |
| $100k – $150k | 188 | 98 | 20.9% |
| $150k – $250k | 339 | 206 | 11.4% |
| Over $250k | 1,335 | 837 | 7.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 44 | 20 | 30.0% |
| 25–34 | 526 | 248 | 19.2% |
| 35–44 | 1,045 | 553 | 17.3% |
| 45–54 | 977 | 508 | 18.8% |
| 55–64 | 687 | 351 | 16.6% |
| 65–74 | 266 | 125 | 20.1% |
| Over 74 | 82 | 30 | 31.1% |
Where Logan Finance lends
47 states and 545 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 1,422 | 933 | 6.3% | 7.00% | #134 |
| New York | 1,130 | 575 | 14.9% | 7.12% | #80 |
| Florida | 763 | 388 | 11.8% | 7.25% | #187 |
| New Jersey | 587 | 317 | 11.4% | 7.12% | #102 |
| Texas | 299 | 139 | 13.7% | 7.37% | #336 |
| Connecticut | 190 | 89 | 16.3% | 7.25% | #107 |
| Pennsylvania | 140 | 69 | 17.1% | 7.62% | #332 |
| Illinois | 107 | 45 | 13.1% | 7.37% | #337 |
| Georgia | 97 | 47 | 13.4% | 7.00% | #340 |
| North Carolina | 89 | 43 | 7.9% | 7.12% | #336 |
| Arizona | 87 | 41 | 16.1% | 7.25% | #260 |
| Maryland | 83 | 38 | 24.1% | 7.44% | #260 |
| Massachusetts | 80 | 49 | 20.0% | 7.12% | #276 |
| Washington | 59 | 28 | 8.5% | 7.06% | #283 |
| Virginia | 58 | 30 | 12.1% | 7.50% | #353 |
| Hawaii | 56 | 36 | 12.5% | 7.00% | #83 |
| Nevada | 42 | 21 | 14.3% | 7.62% | #220 |
| Colorado | 41 | 19 | 9.8% | 7.25% | #326 |
| Tennessee | 38 | 16 | 7.9% | 7.25% | #453 |
| South Carolina | 37 | 21 | 8.1% | 7.37% | #380 |
| Missouri | 29 | 10 | 13.8% | 7.56% | #409 |
| Michigan | 24 | 7 | 12.5% | 7.12% | #414 |
| Wisconsin | 23 | 6 | 13.0% | 7.06% | #408 |
| Delaware | 21 | 8 | 0.0% | 7.00% | #179 |
| District of Columbia | 18 | 9 | 22.2% | 7.00% | #136 |
| Indiana | 16 | 10 | 6.3% | 7.37% | #486 |
| Rhode Island | 16 | 9 | 18.8% | 7.00% | #161 |
| New Mexico | 13 | 1 | 76.9% | 7.75% | #237 |
| Oregon | 13 | 7 | 15.4% | 7.25% | #335 |
| Utah | 12 | 7 | 0.0% | 7.00% | #272 |
| Ohio | 11 | 2 | 9.1% | 7.19% | #602 |
| Alaska | 9 | 2 | 22.2% | 6.87% | #109 |
| New Hampshire | 9 | 5 | 11.1% | 6.87% | #259 |
| Alabama | 8 | 2 | 12.5% | 8.87% | #512 |
| Idaho | 8 | 5 | 0.0% | 6.87% | #292 |
| Oklahoma | 8 | 2 | 50.0% | 7.37% | #428 |
| Louisiana | 7 | 1 | 28.6% | 7.50% | #405 |
| Kentucky | 6 | 4 | 0.0% | 7.81% | #473 |
| Minnesota | 6 | 1 | 33.3% | 7.75% | #523 |
| Arkansas | 5 | 2 | 40.0% | 6.94% | #413 |
| Maine | 5 | 2 | 60.0% | 7.19% | #282 |
Frequently asked questions
Logan Finance denied 17.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 14th percentile of investment-property lenders.
The most common reason Logan Finance gave in 2025 was "collateral", cited on 29.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Logan Finance originated in 2025 was 7.12%, and its median rate spread over the average prime offer rate was 0.73 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 51% of its applications were for home purchases, 49% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.