Logix Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 5493000EO85W8IS2FR22
Tax ID: 95-6044941
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Logix Federal Credit Union is a mid-sized credit union specializing in Cash Out Refi loans. Logix Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Phoenix, Oxnard, Riverside, and San Francisco among others. We have data for 56 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.18% | 12/1/23 |
| 30 Year Conventional Refi | 6.20% | 12/1/23 |
| 30 Year Cash-out Refi | 6.24% | 12/1/23 |
| 15 Year Conventional Purchase | 6.65% | 12/1/23 |
| 15 Year Conventional Refi | 5.77% | 12/1/23 |
| 15 Year Cash-out Refi | 5.77% | 12/1/23 |
| 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. | ||
Logix Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Logix Federal Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7,205Origination Dollar Volume (All Markets)
$3,220,045,000Awards
LOGIX FEDERAL CREDIT UNION - 2022
LOGIX FEDERAL CREDIT UNION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for LOGIX FEDERAL CREDIT UNION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Logix Federal Credit Union's average 30 year fixed mortgage rate was
3.45%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -1.31%.
Relative Fees (Closing Costs)
Logix Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,722.
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) | 5,172 | $2,108,520,000 | $407,680 | $2,030 | 4.90% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 27 | $514,915,000 | $19,070,926 | $6,550 | 4.55% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1,074 | $322,410,000 | $300,196 | $1,878 | 4.92% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 311 | $84,115,000 | $270,466 | $2,728 | 5.01% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 51 | $27,415,000 | $537,549 | $3,354 | 4.86% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 75 | $25,945,000 | $345,933 | $2,582 | 5.06% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 91 | $19,875,000 | $218,407 | $2,523 | 4.71% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 28 | $16,840,000 | $601,429 | $3,875 | 4.59% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 92 | $16,440,000 | $178,696 | $2,081 | 4.98% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 24 | $9,330,000 | $388,750 | $2,135 | 4.41% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 53 | $8,545,000 | $161,226 | $1,087 | 4.90% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 25 | $8,115,000 | $324,600 | $3,309 | 4.68% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 22 | $6,020,000 | $273,636 | $1,221 | 5.47% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 7 | $4,595,000 | $656,429 | $9,877 | 4.34% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 16 | $4,450,000 | $278,125 | $3,856 | 4.15% |
| Outside of Metro Areas | 19 | $3,915,000 | $206,053 | $2,278 | 4.59% |
| RENO, NV (FHA|USDA|VA) | 11 | $3,785,000 | $344,091 | $2,671 | 4.74% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $3,725,000 | $3,725,000 | $24,730 | 3.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 12 | $3,300,000 | $275,000 | $1,744 | 4.43% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $2,750,000 | $275,000 | $1,921 | 4.45% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $2,065,000 | $688,333 | $9,829 | 5.13% |
| SALINAS, CA (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $1,327 | 4.97% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $1,810,000 | $452,500 | $2,997 | 3.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $1,775,000 | $253,571 | $1,811 | 5.57% |
| MODESTO, CA (FHA|USDA|VA) | 7 | $1,635,000 | $233,571 | $1,998 | 4.21% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $4,279 | 3.50% |
| VISALIA, CA (FHA|USDA|VA) | 10 | $1,600,000 | $160,000 | $1,246 | 6.16% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $5,741 | 4.25% |
| NAPA, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $14,148 | 3.38% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $1,937 | 4.62% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $23,050 | 3.00% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $11,384 | 4.94% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $7,028 | 3.83% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $5,250 | 2.50% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,200 | 5.18% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,396 | 5.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,160 | 4.68% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $1,372 | 4.37% |
| CHICO, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,929 | 3.88% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $1,605 | 5.93% |
| Fernley, NV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,966 | 3.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,580 | 0.61% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 2.13% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.75% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,666 | 4.19% |
| Sonora, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.75% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 7.16% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.37% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,434 | 3.25% |
| Keene, NH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,685 | 3.75% |
| Concord, NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,885 | 2.88% |
| Danville, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,396 | 1.88% |
| MADERA, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.25% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| MERCED, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.13% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.74% |
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.
Similarity Rank: 192
Similarity Rank: 198
Similarity Rank: 210
Similarity Rank: 296
Similarity Rank: 316
Similarity Rank: 377
Similarity Rank: 390
Similarity Rank: 393
Similarity Rank: 438
Similarity Rank: 518
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 7,205 | $3,220,045,000 | $446,918 | $2,107 | 4.90% |
For 2022, Logix Federal Credit Union's most frequently originated type of loan was Conventional, with 7,205 originations.
Loan Reason
For 2022, Logix Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 5,882 originations. The 2nd most popular reason was Home Purchase, with 859 originations.
Loan Duration/Length
For 2022, Logix Federal Credit Union's most frequently cited loan duration was 15 Year, with 4,807 originations. The 2nd most popular length was 30 Year, with 1,926 originations.
Origination Fees/Closing Costs
Logix Federal Credit Union's average total fees were $6,722, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,194 originations.
Interest Rates
During 2022, Logix Federal Credit Union's average interest rate for loans was 3.45%, while their most frequently originated rate bucket for loans was 3-4%, with 1,841 originations.
Loan Sizing
2022 saw Logix Federal Credit Union place emphasis on $200k-400k loans with 2,169 originations, totaling $577,045,000 in origination value.
Applicant Income
Logix Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 2,103 originations. The second most popular income band? $100k-150k, with 1,827 originations.
Applicant Debt to Income Ratio
Logix Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 1,298 originations. The next most common DTI ratio? 30-36%, with 868 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.12%
Logix Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.39%
Logix Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $250,010,000 | $125,005,000 |
| 22500.0 | 1 | $500,005,000 | $500,005,000 |
| 6000.0 | 1 | $200,005,000 | $200,005,000 |
| NA | 7,201 | $2,270,025,000 | $315,237 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,205 | $3,220,045,000 | $446,918 |