Logix Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 5493000EO85W8IS2FR22
Tax ID: 95-6044941
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Logix Federal Credit Union is a small credit union specializing in Cash Out Refi and Refi loans. Logix Federal Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, Oxnard, Riverside, San Francisco, and San Diego among others. Logix Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Logix Federal Credit Union is typically an average fee lendor.Originations
6,979Origination Dollar Volume (All Markets)
$2,688,595,000Awards
LOGIX FEDERAL CREDIT UNION - 2021
LOGIX FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Logix Federal Credit Union's average 30 year fixed rate mortgage of loans were
2.82%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.33%.
Relative Fees
Logix Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $5,040.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4,990 | $1,932,490,000 | $387,273 | $3,689 | 3.19% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1,088 | $447,100,000 | $410,938 | $3,377 | 3.20% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 265 | $85,275,000 | $321,792 | $3,821 | 3.24% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 56 | $38,440,000 | $686,429 | $6,115 | 3.11% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 57 | $28,465,000 | $499,386 | $4,529 | 3.20% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 97 | $19,555,000 | $201,598 | $3,757 | 3.06% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 29 | $19,395,000 | $668,793 | $5,729 | 3.16% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 76 | $18,830,000 | $247,763 | $3,926 | 3.11% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 19 | $14,235,000 | $749,211 | $4,203 | 2.82% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 71 | $13,815,000 | $194,577 | $2,736 | 2.93% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 39 | $11,535,000 | $295,769 | $3,420 | 2.99% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 17 | $8,285,000 | $487,353 | $4,182 | 3.05% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 18 | $6,570,000 | $365,000 | $5,839 | 2.93% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 25 | $6,235,000 | $249,400 | $2,746 | 3.35% |
| Outside of Metro Areas | 19 | $3,835,000 | $201,842 | $2,836 | 3.07% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $3,140,000 | $392,500 | $2,402 | 2.98% |
| RENO, NV (FHA|USDA|VA) | 10 | $3,070,000 | $307,000 | $4,596 | 2.97% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $2,950,000 | $737,500 | $4,464 | 3.28% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 11 | $2,905,000 | $264,091 | $4,569 | 3.19% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 6 | $2,270,000 | $378,333 | $4,423 | 2.79% |
| VISALIA, CA (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $5,363 | 2.90% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $5,962 | 2.85% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $1,745,000 | $1,745,000 | $23,775 | 3.00% |
| TUCSON, AZ (FHA|USDA|VA) | 8 | $1,280,000 | $160,000 | $4,213 | 2.88% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $3,047 | 3.38% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $2,828 | 4.06% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $5,003 | 3.08% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $1,881 | 2.67% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $10,335 | 2.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $2,836 | 3.17% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $3,838 | 2.63% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $574 | 3.44% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $1,460 | 3.44% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,565 | 3.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,844 | 3.13% |
| CHICO, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,899 | 2.81% |
| Sonora, CA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,222 | 3.16% |
| Laconia, NH (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 2.00% |
| MADERA, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,546 | 2.94% |
| Berlin, NH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,065 | 3.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $1,576 | 3.70% |
| MERCED, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,939 | 2.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,897 | 3.31% |
| NAPA, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,082 | 3.25% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,818 | 3.25% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,422 | 2.88% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,437 | 2.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,849 | 2.88% |
| REDDING, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,869 | 3.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,529 | 3.13% |
| Concord, NH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.74% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,928 | 2.50% |
| Fernley, NV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.75% |
Logix Federal Credit Union's top markets include Los Angeles, Oxnard, Riverside, San Francisco, and San Diego among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 6,979 | $2,688,595,000 | $385,241 | $3,683 | 3.18% |
For the 2021 period, Logix Federal Credit Union's most frequently originated loan type of loans were Conventional, with 6,979 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 3,115 | $1,044,065,000 | $335,173 | $2,742 | 3.42% |
| Refi | 2,235 | $955,295,000 | $427,425 | $3,426 | 2.79% |
| Home Purchase | 764 | $472,310,000 | $618,207 | $8,279 | 2.93% |
| Other | 533 | $155,485,000 | $291,717 | $4,509 | 3.36% |
| Home Improvement | 332 | $61,440,000 | $185,060 | $3,699 | 3.88% |
For the 2021, Logix Federal Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 3,115 originations. The 2nd most popular reason of loans were Refi, with 2,235 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,645 | $1,973,295,000 | $541,370 | $5,040 | 2.82% |
| 15 Year | 2,833 | $577,685,000 | $203,913 | $1,573 | 3.68% |
| 20 Year | 270 | $77,680,000 | $287,704 | $3,813 | 2.98% |
| 10 Year | 149 | $25,785,000 | $173,054 | $1,841 | 2.54% |
| Other | 47 | $15,845,000 | $337,128 | $3,997 | 4.16% |
| 5 Year | 35 | $18,305,000 | $523,000 | $3,747 | 3.73% |
For the 2021, Logix Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 3,645 originations. The 2nd most popular length of loans were 15 Year, with 2,833 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2,314 | $1,060,690,000 | $458,379 |
| $<1k | 2,108 | $511,970,000 | $242,870 |
| $2k-3k | 686 | $271,790,000 | $396,195 |
| $5k+ | 662 | $449,460,000 | $678,943 |
| $3k-4k | 610 | $293,690,000 | $481,459 |
$5,040 of loans were Logix Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,314 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,882 | $851,270,000 | $295,375 |
| 2.5-3% | 2,589 | $1,204,415,000 | $465,205 |
| <2.5% | 1,092 | $579,960,000 | $531,099 |
| 4-5% | 292 | $41,180,000 | $141,027 |
| 6-7% | 62 | $5,610,000 | $90,484 |
| 5-6% | 48 | $3,980,000 | $82,917 |
| 7-8% | 9 | $1,405,000 | $156,111 |
| Over 8% | 5 | $775,000 | $155,000 |
During 2021, Logix Federal Credit Union's average interest rate of loans were 2.82%, while their most frequently originated rate bucket of loans were 3-4%, with 2,882 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 2,511 | $726,885,000 | $289,480 | $3,177 | 3.10% |
| $400k-600k | 1,341 | $646,225,000 | $481,898 | $4,256 | 2.87% |
| $100k-200k | 1,265 | $183,135,000 | $144,771 | $1,827 | 3.47% |
| $100,000 or less | 793 | $49,315,000 | $62,188 | $443 | 4.05% |
| $600k-1MM | 682 | $533,120,000 | $781,701 | $6,216 | 2.78% |
| $1MM+ | 387 | $549,915,000 | $1,420,969 | $10,513 | 2.73% |
2021 saw Logix Federal Credit Union place emphasis on $200k-400k loans with 2,511 originations, totaling $726,885,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,849 | $625,835,000 | $338,472 | $3,345 | 3.22% |
| $150k-250k | 1,742 | $778,890,000 | $447,124 | $3,947 | 3.24% |
| $75k-100k | 1,118 | $321,960,000 | $287,979 | $3,340 | 3.16% |
| $50k-75k | 979 | $236,215,000 | $241,282 | $3,209 | 3.16% |
| $250k+ | 821 | $609,025,000 | $741,809 | $5,370 | 3.16% |
| $50k or less | 369 | $70,075,000 | $189,905 | $3,166 | 3.17% |
Logix Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,849 originations. The second most popular income band? $150k-250k, with 1,742 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,177 | $409,825,000 | $348,195 | $3,268 | 3.08% |
| 30-36% | 1,034 | $402,150,000 | $388,926 | $3,614 | 3.14% |
| 50-60% | 684 | $260,360,000 | $380,643 | $3,423 | 3.68% |
| <20% | 435 | $129,315,000 | $297,276 | $2,867 | 3.05% |
| >60% | 383 | $176,145,000 | $459,909 | $3,838 | 3.42% |
| 49% | 318 | $133,940,000 | $421,195 | $3,953 | 3.13% |
| 44% | 282 | $112,130,000 | $397,624 | $3,959 | 3.20% |
| 48% | 251 | $109,445,000 | $436,036 | $4,300 | 3.08% |
| 46% | 237 | $99,435,000 | $419,557 | $3,939 | 3.02% |
| 41% | 235 | $90,355,000 | $384,489 | $3,618 | 3.13% |
| 36% | 233 | $83,895,000 | $360,064 | $3,885 | 3.16% |
| 42% | 232 | $95,030,000 | $409,612 | $4,051 | 3.06% |
| 43% | 228 | $90,470,000 | $396,798 | $4,050 | 3.08% |
| 47% | 220 | $90,540,000 | $411,545 | $3,970 | 3.11% |
| 38% | 216 | $83,040,000 | $384,444 | $4,013 | 3.09% |
| 39% | 215 | $86,005,000 | $400,023 | $4,058 | 3.16% |
| 37% | 203 | $78,395,000 | $386,182 | $4,232 | 3.06% |
| 40% | 199 | $77,045,000 | $387,161 | $3,894 | 3.05% |
| 45% | 194 | $75,500,000 | $389,175 | $3,887 | 3.23% |
Logix Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,177 originations. The next most common DTI ratio? 30-36%, with 1,034 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4,389 | $1,609,105,000 | $366,622 | $3,514 | 3.18% |
| Not provided | 1,662 | $713,100,000 | $429,061 | $4,040 | 3.20% |
| Asian | 667 | $270,385,000 | $405,375 | $3,709 | 3.16% |
| Black | 163 | $57,815,000 | $354,693 | $4,284 | 3.28% |
| American Indian | 43 | $14,735,000 | $342,674 | $4,257 | 3.00% |
| Native Hawaiian | 18 | $5,910,000 | $328,333 | $3,002 | 3.08% |
| Not applicable | 3 | $5,575,000 | $1,858,333 | $0 | 3.72% |
| Filipino | 15 | $4,245,000 | $283,000 | $4,258 | 3.34% |
| Asian Indian | 5 | $2,875,000 | $575,000 | $7,239 | 3.05% |
| Other Asian | 6 | $1,890,000 | $315,000 | $2,799 | 3.37% |
| Chinese | 4 | $1,780,000 | $445,000 | $6,531 | 3.00% |
| Other Pacific Islander | 2 | $910,000 | $455,000 | $3,186 | 3.00% |
| Japanese | 2 | $270,000 | $135,000 | $7,384 | 2.81% |
Approval Rates
Total approvals of all applications87.95%
Logix Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination81.09%
Logix Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $415,000 | $415,000 |
| 1670.23 | 1 | $1,335,000 | $1,335,000 |
| NA | 6,977 | $2,686,845,000 | $385,100 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,979 | $2,688,595,000 | $385,241 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1,483 | $399,345,000 | $269,282 | $2,445 | 3.24% |
| 40-60% | 1,735 | $780,205,000 | $449,686 | $3,858 | 2.85% |
| 60-80% | 1,716 | $1,023,980,000 | $596,725 | $5,713 | 2.84% |
| 80-100% | 422 | $279,860,000 | $663,175 | $7,780 | 2.78% |
| Under 20% | 1,623 | $205,205,000 | $126,436 | $519 | 3.94% |
