Logan Finance Corporation Mortgage Rates, Fees & Info
Blytheville, ARLEI: 2549002VH9C0PKB8K153
Tax ID: 71-0232620
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Mortgage Data
Review & Overview
Logan Finance Corporation is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Logan Finance Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, New York, San Diego, Riverside, and San Francisco among others. We have data for 72 markets. (Some data included below & more in-depth data is available with an active subscription.)Logan Finance Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Logan Finance Corporation is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.85% | 11/21/24 |
| 30 Year Conventional Refi | 6.46% | 11/21/24 |
| 30 Year Cash-out Refi | 7.60% | 11/21/24 |
| 30 Year VA Purchase | 5.89% | 11/21/24 |
| 15 Year Conventional Purchase | 6.26% | 11/21/24 |
| 15 Year FHA Refi | 5.68% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Logan Finance Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
328Origination Dollar Volume (All Markets)
$181,370,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 34 | $40,780,000 | $1,199,412 | $32,058 | 6.55% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 50 | $27,320,000 | $546,400 | $8,515 | 7.58% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 24 | $20,550,000 | $856,250 | $15,995 | 5.17% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 15 | $9,635,000 | $642,333 | $25,504 | 6.68% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $7,900,000 | $987,500 | $7,184 | 6.11% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $5,905,000 | $454,231 | $17,928 | 6.78% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $5,210,000 | $1,302,500 | $20,371 | 4.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 15 | $4,615,000 | $307,667 | $6,119 | 5.08% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 22 | $4,560,000 | $207,273 | $0 | 7.89% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $4,050,000 | $405,000 | $4,756 | 4.85% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $4,030,000 | $1,007,500 | $32,283 | 5.59% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $2,855,000 | $407,857 | $21,965 | 7.07% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $2,365,000 | $2,365,000 | $0 | 8.25% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $2,260,000 | $1,130,000 | $0 | 8.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $2,145,000 | $2,145,000 | $51,025 | 4.38% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $2,000,000 | $1,000,000 | $0 | 7.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $1,885,000 | $209,444 | $0 | 7.82% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $0 | 7.21% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $0 | 4.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,590,000 | $265,000 | $0 | 5.59% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $5,943 | 7.04% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $13,982 | 6.41% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 7.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $14,000 | 8.03% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $0 | 5.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $0 | 7.59% |
| Outside of Metro Areas | 2 | $1,040,000 | $520,000 | $2,732 | 5.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $8,748 | 5.81% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $0 | 6.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 8.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 8.88% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 7.38% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,241 | 7.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $12,915 | 7.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $21,913 | 3.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $17,103 | 7.42% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 6.63% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 7.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $15,402 | 3.99% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 8.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 8.13% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 7.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 8.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $13,246 | 7.71% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 7.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 7.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,311 | 5.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 7.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 7.13% |
| Blytheville, AR (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $2,607 | 3.47% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 5.63% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 8.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,308 | 7.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 7.75% |
| READING, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,042 | 8.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 7.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 7.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.88% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.13% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.38% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.38% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.25% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.38% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.88% |
| Jasper, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 327 | $181,065,000 | $553,716 | $16,076 | 6.70% |
| VA | 1 | $305,000 | $305,000 | $0 | 6.25% |
For 2022, Logan Finance Corporation's most frequently originated type of loan was Conventional, with 327 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2022, Logan Finance Corporation's most frequently cited loan purpose was Cash Out Refi, with 165 originations. The 2nd most popular reason was Home Purchase, with 140 originations.
Loan Duration/Length
For 2022, Logan Finance Corporation's most frequently cited loan duration was 30 Year, with 277 originations. The 2nd most popular length was 30+ year, with 49 originations.
Origination Fees/Closing Costs
Logan Finance Corporation's average total fees were $15,766, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 50 originations.
Interest Rates
During 2022, Logan Finance Corporation's average interest rate for loans was 6.92%, while their most frequently originated rate bucket for loans was 7-8%, with 129 originations.
Loan Sizing
2022 saw Logan Finance Corporation place emphasis on $200k-400k loans with 104 originations, totaling $29,810,000 in origination value.
Applicant Income
Logan Finance Corporation lent most frequently to those with incomes in the $250k+ range, with 55 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
Logan Finance Corporation lent most frequently to those with DTI ratios of <20%, with 22 originations. The next most common DTI ratio? 30-36%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.82%
Logan Finance Corporation has an average approval rate.
Pick Rate
Approvals leading to origination16.46%
Logan Finance Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10640.0 | 1 | $1,605,000 | $1,605,000 |
| 1268.63 | 1 | $165,000 | $165,000 |
| 1327.5 | 1 | $295,000 | $295,000 |
| 18000.0 | 1 | $3,005,000 | $3,005,000 |
| 2620.55 | 1 | $265,000 | $265,000 |
| 2808.4 | 1 | $135,000 | $135,000 |
| 293.5 | 1 | $235,000 | $235,000 |
| 3200.0 | 1 | $1,285,000 | $1,285,000 |
| 421.25 | 1 | $335,000 | $335,000 |
| 4605.0 | 1 | $305,000 | $305,000 |
| 52406.25 | 1 | $2,435,000 | $2,435,000 |
| 541.5 | 1 | $365,000 | $365,000 |
| 5845.11 | 1 | $315,000 | $315,000 |
| 862.5 | 1 | $345,000 | $345,000 |
| 937.5 | 1 | $255,000 | $255,000 |
| 995.0 | 1 | $135,000 | $135,000 |
| NA | 312 | $169,890,000 | $544,519 |