Logan Finance Corporation Mortgage Lending & HMDA Data, 2022
In 2022, Logan Finance Corporation of Hauppauge, NY reported 1,035 mortgage applications totaling $661.8 million. The average application was for $639,405, and applicants reported an average income of $616,060. 32% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (172), Nassau County-Suffolk County, NY (87) and Los Angeles-Long Beach-Glendale, CA (61) (applications in parentheses).
| Mortgage Company & Address | Logan Finance Corporation 1393 Veterans Memorial Highway Hauppauge Hauppauge, NY 11788 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 1,035 |
| Total Mortgage Loan Application Amount | $661,785,000 |
| Average Mortgage Loan Application Amount | $639,405 |
| Highest Mortgage Loan Application Amount | $5,005,000 |
| Average Applicant Income | $616,060 |
| Highest Applicant Income | $8,752,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Logan Finance Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Logan Finance Corporation in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 560 | $356,570,000 | $636,000 | $4,375,000 | $638,000 | $8,752,000 |
| Cash-out Refinancing | 421 | $266,395,000 | $632,000 | $4,005,000 | $611,000 | $5,800,000 |
| Refinancing | 54 | $38,820,000 | $718,000 | $5,005,000 | $428,000 | $1,714,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 370 | $280,010,000 | $756,000 | $4,375,000 | $0 | $0 |
| Not Provided | 323 | $174,265,000 | $539,000 | $3,005,000 | $627,000 | $5,800,000 |
| White | 185 | $124,905,000 | $675,000 | $5,005,000 | $631,000 | $8,752,000 |
| Hispanic | 68 | $31,800,000 | $467,000 | $2,365,000 | $537,000 | $6,137,000 |
| Black or African American | 49 | $23,845,000 | $486,000 | $1,925,000 | $390,000 | $831,000 |
| Asian | 38 | $26,180,000 | $688,000 | $2,505,000 | $563,000 | $1,547,000 |
| American Indian or Alaskan Native | 2 | $780,000 | $390,000 | $445,000 | $139,000 | $139,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,031 | $660,535,000 | $640,000 | $5,005,000 | $605,000 | $8,752,000 |
| VA-guaranteed (Veterans Administration) | 3 | $1,175,000 | $391,000 | $565,000 | $115,000 | $131,000 |
| FHA-insured (Federal Housing Administration) | 1 | $75,000 | $75,000 | $75,000 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Purchased By The Institution | 369 | $279,525,000 | $757,000 | $4,375,000 | $0 | $0 |
| Loan Originated | 328 | $181,370,000 | $552,000 | $3,005,000 | $633,000 | $8,752,000 |
| Application Approved But Not Accepted | 195 | $118,595,000 | $608,000 | $3,055,000 | $519,000 | $4,748,000 |
| Application Withdrawn By Applicant | 79 | $47,485,000 | $601,000 | $5,005,000 | $448,000 | $2,392,000 |
| Application Denied By Financial Institution | 64 | $34,810,000 | $543,000 | $2,005,000 | $844,000 | $2,368,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 971 | $626,975,000 | $645,000 | $5,005,000 | $583,000 | $8,752,000 |
| Collateral | 28 | $12,890,000 | $460,000 | $1,375,000 | $1,296,000 | $2,368,000 |
| Credit History | 19 | $10,645,000 | $560,000 | $2,005,000 | $0 | $0 |
| Other | 7 | $1,985,000 | $283,000 | $775,000 | $665,000 | $665,000 |
| Debt-To-Income Ratio | 5 | $4,615,000 | $923,000 | $1,675,000 | $150,000 | $230,000 |
| Unverifiable Information | 4 | $3,100,000 | $775,000 | $1,145,000 | $0 | $0 |
| Employment History | 1 | $1,575,000 | $1,575,000 | $1,575,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Logan Finance Corporation's 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Logan Finance Corporation's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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