Logan Finance in New Mexico vs the state
76.9%Denial rate+58.32 pts vs state
90.9%Decision denial rate+66.25 pts vs state
7.7%Origination rate-45.65 pts vs state
7.75%Median rate+1.12 pts vs state
1.26Rate spread (pts)+0.88 pts vs state
$110kMedian applicant income
1Loans originated
10Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 8 | 5 | 12.5% | 8.50% | #255 |
| 2025 | 13 | 1 | 76.9% | 7.75% | #237 |
What Logan Finance lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Logan Finance applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 12 | 1 | 9 | 75.0% |
| Grant County | 1 | 0 | 1 | 100.0% |
Other large lenders in New Mexico
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 4,440 | 20.5% | 6.75% |
| 21st Mortgage | F | 3,992 | 45.5% | 9.60% |
| United Shore Financial Services | B | 3,251 | 12.8% | 6.13% |
| Guild Mortgage | A | 3,186 | 4.3% | 6.63% |
| Nusenda | D | 2,962 | 13.7% | 8.00% |
| Waterstone Mortgage | C | 2,740 | 3.2% | 6.88% |
| Vanderbilt Mortgage and Finance | F | 2,085 | 46.4% | 9.99% |
| Sunward Federal Credit Union | B | 1,765 | 9.1% | 6.50% |
| Mortgage Research Center | C | 1,683 | 15.9% | 6.25% |
| Primary Residential Mortgage | C | 1,497 | 4.9% | 6.63% |
Frequently asked questions
New Mexico: 13 applications in 2025, of which 1 were originated and 10 denied.
76.9% of all applications, or 90.9% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Logan Finance originated in New Mexico in 2025 was 7.75%, against a statewide median of 6.63%.
About this data. Figures are Logan Finance's own HMDA filing for properties located in New Mexico, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology