Logix Federal Credit Union Mortgage Rates, Fees & Info

Burbank, CA

LEI: 5493000EO85W8IS2FR22

Tax ID: 95-6044941

5 stars - out of 5 stars, based on 84 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 by origination volume include: Los Angeles, Oxnard, Riverside, San Francisco, and San Diego among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Logix Federal Credit Union 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. Logix Federal Credit Union is typically an average 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.58% 1/29/23
    30 Year Conventional Purchase 6.35% 1/29/23
    30 Year Conventional Refi 6.29% 1/29/23
    30 Year Cash-out Refi 6.37% 1/29/23
    15 Year Conventional Purchase 6.21% 1/29/23
    15 Year Conventional Refi 5.85% 1/29/23
    15 Year Cash-out Refi 5.85% 1/29/23
    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.


    Originations

    6,979

    Origination Dollar Volume (All Markets)

    $2,688,595,000
    Show all (10) awards

    Relative Rate

    Logix Federal Credit Union's average 30 year fixed mortgage rate was 2.82%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.33%.

    Relative Fees (Closing Costs)

    Logix Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,040.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top 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) 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.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against LOGIX FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MERRIMACK VALLEY
    Similarity Rank: 180
    STRATA Credit Union
    Similarity Rank: 195
    Northern Bank & Trust Company
    Similarity Rank: 256
    NEW HAMPSHIRE
    Similarity Rank: 259
    Christian Community Credit Union
    Similarity Rank: 354
    Jeanne D'Arc Credit Union
    Similarity Rank: 377
    First Credit Union
    Similarity Rank: 378
    SAFE 1 CREDIT UNION
    Similarity Rank: 393
    Credence Funding Corporation
    Similarity Rank: 404
    AltaOne Federal Credit Union
    Similarity Rank: 444

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,392 $2,596,910,000 $406,275 $3,683 3.11%
    HELOC 587 $91,685,000 $156,193 n/a 3.98%

    For 2021, Logix Federal Credit Union's most frequently originated type of loan was Conventional, with 6,392 originations. Their 2nd most popular type was HELOC, with 587 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Logix Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 3,115 originations. The 2nd most popular reason was 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 2021, Logix Federal Credit Union's most frequently cited loan duration was 30 Year, with 3,645 originations. The 2nd most popular length was 15 Year, with 2,833 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 353 $168,105,000 $476,218
    $4k-5k 257 $125,585,000 $488,658

    Logix Federal Credit Union's average total fees were $5,040, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.82%, while their most frequently originated rate bucket for loans was 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 or Islander 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 applications
    93.21%

    Logix Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.48%

    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%