Logan Finance · Maine · 2025

Logan Finance in Maine: approval rate, denial rate and rates (2025)

Logan Finance took 5 mortgage applications in Maine in 2025, ranking #282 of 537 lenders active in the state. It originated 40.0% of them and denied 60.0% (60.0% of the applications it decided), against a statewide denial rate of 16.3%.

5Applicationsin ME
60.0%Decision denial ratestate 20.1%
7.19%Median ratestate 6.88%
$365,000Median loanstate $215,000
$600kVolume4 counties

Logan Finance in Maine vs the state

60.0%Denial rate+43.67 pts vs state
60.0%Decision denial rate+39.92 pts vs state
40.0%Origination rate-22.17 pts vs state
7.19%Median rate+0.31 pts vs state
Rate spread (pts)
Median applicant income
2Loans originated
3Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024740.0%7.31%#227
20255260.0%7.19%#282

What Logan Finance lends in Maine

By loan purpose

Refinance 1 20% · 100.0% denied
Cash-out refinance 4 80% · 50.0% denied

By loan type

Conventional 5 100% · 60.0% denied

Why it denied Maine applicants

Other 2 67%
Collateral 1 33%

Where in Maine

Counties with the most Logan Finance applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hancock County 211 50.0%
Knox County 101 100.0%
Cumberland County 110 0.0%
York County 101 100.0%

Other large lenders in Maine

LenderGradeApplicationsDenial rateMedian rate
Bangor Savings BankB 4,51817.2%7.25%
United Shore Financial ServicesB 2,6759.1%6.50%
Rocket MortgageC 2,62822.9%6.75%
The Camden National BankA 2,55913.2%6.99%
CMG MortgageA 2,2514.2%6.63%
Guild MortgageA 1,8385.3%6.63%
Kennebec Savings BankB 1,4939.6%7.00%
TD BankD 1,24420.2%7.35%
Mortgage Research CenterC 1,10417.6%6.25%
Evergreen Credit UnionD 97630.6%6.50%

Frequently asked questions

Maine: 5 applications in 2025, of which 2 were originated and 3 denied.

60.0% of all applications, or 60.0% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Logan Finance originated in Maine in 2025 was 7.19%, against a statewide median of 6.88%.

About this data. Figures are Logan Finance's own HMDA filing for properties located in Maine, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology