Logix Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 5493000EO85W8IS2FR22
Tax ID: 95-6044941
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Logix Federal Credit Union is a small credit union specializing in Refi, Other, and Cash Out 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 Diego, and San Francisco 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 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 a low 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.20% | 4/21/24 |
| 30 Year Cash-out Refi | 6.24% | 4/21/24 |
| 15 Year Conventional Purchase | 6.65% | 4/21/24 |
| 15 Year Conventional Refi | 5.77% | 4/21/24 |
| 15 Year Cash-out Refi | 5.77% | 4/21/24 |
| 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. | ||
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
6,477Origination Dollar Volume (All Markets)
$2,287,515,000Awards
LOGIX FEDERAL CREDIT UNION - 2020
LOGIX FEDERAL CREDIT UNION is a 2020 , due to their low .
For 2020, 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.
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) | 4,683 | $1,683,615,000 | $359,516 | $4,354 | 3.51% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1,023 | $374,525,000 | $366,105 | $4,221 | 3.51% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 233 | $69,005,000 | $296,159 | $4,742 | 3.49% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 51 | $22,625,000 | $443,627 | $4,827 | 3.33% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 28 | $18,790,000 | $671,071 | $6,895 | 3.42% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 61 | $14,915,000 | $244,508 | $3,803 | 3.48% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 81 | $14,405,000 | $177,840 | $3,616 | 3.55% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 57 | $12,255,000 | $215,000 | $3,321 | 3.37% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 40 | $9,510,000 | $237,750 | $3,100 | 3.54% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 11 | $8,285,000 | $753,182 | $7,880 | 3.32% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 13 | $7,185,000 | $552,692 | $3,638 | 3.64% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 20 | $6,760,000 | $338,000 | $3,882 | 3.34% |
| Outside of Metro Areas | 18 | $4,900,000 | $272,222 | $3,573 | 3.43% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 15 | $4,195,000 | $279,667 | $2,202 | 3.37% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 15 | $3,845,000 | $256,333 | $3,741 | 3.43% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 12 | $3,050,000 | $254,167 | $3,541 | 3.87% |
| SALINAS, CA (FHA|USDA|VA) | 5 | $3,045,000 | $609,000 | $3,884 | 3.38% |
| FRESNO, CA (FHA|USDA|VA) | 12 | $2,970,000 | $247,500 | $5,417 | 3.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 13 | $2,715,000 | $208,846 | $4,610 | 3.03% |
| RENO, NV (FHA|USDA|VA) | 7 | $2,695,000 | $385,000 | $4,091 | 3.48% |
| MODESTO, CA (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $2,690 | 3.18% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $3,440 | 3.13% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $3,526 | 4.62% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $4,829 | 3.68% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $3,494 | 3.62% |
| Keene, NH (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $4,343 | 3.16% |
| Concord, NH (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $3,507 | 3.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $4,092 | 3.18% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $6,524 | 3.81% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,019 | 3.08% |
| CARSON CITY, NV (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $6,787 | 3.13% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,498 | 3.06% |
| MERCED, CA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $6,438 | 3.29% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,613 | 3.50% |
| NAPA, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,154 | 3.37% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,833 | 3.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,935 | 3.31% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,307 | 3.38% |
| Sonora, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,812 | 3.63% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,385 | 2.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,593 | 3.13% |
| REDDING, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $14,949 | 3.81% |
| CHICO, CA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,263 | 3.19% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,271 | 3.88% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,312 | 2.63% |
| Fernley, NV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,531 | 2.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,372 | 3.18% |
| Berlin, NH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,020 | 3.00% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.74% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,779 | 4.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.74% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.25% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.24% |
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: 117
Similarity Rank: 189
Similarity Rank: 224
Similarity Rank: 330
Similarity Rank: 330
Similarity Rank: 345
Similarity Rank: 369
Similarity Rank: 384
Similarity Rank: 390
Similarity Rank: 444
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 5,156 | $2,093,330,000 | $405,999 | $4,322 | 3.29% |
| HELOC | 1,321 | $194,185,000 | $146,998 | n/a | 4.31% |
For 2020, Logix Federal Credit Union's most frequently originated type of loan was Conventional, with 5,156 originations. Their 2nd most popular type was HELOC, with 1,321 originations.
Loan Reason
For 2020, Logix Federal Credit Union's most frequently cited loan purpose was Refi, with 1,882 originations. The 2nd most popular reason was Other, with 1,687 originations.
Loan Duration/Length
For 2020, Logix Federal Credit Union's most frequently cited loan duration was 30 Year, with 3,708 originations. The 2nd most popular length was 15 Year, with 2,092 originations.
Origination Fees/Closing Costs
Logix Federal Credit Union's average total fees were $4,607, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,577 originations.
Interest Rates
During 2020, Logix Federal Credit Union's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 4,142 originations.
Loan Sizing
2020 saw Logix Federal Credit Union place emphasis on $200k-400k loans with 2,561 originations, totaling $747,195,000 in origination value.
Applicant Income
Logix Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,851 originations. The second most popular income band? $150k-250k, with 1,462 originations.
Applicant Debt to Income Ratio
Logix Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,143 originations. The next most common DTI ratio? 30-36%, with 1,008 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.89%
Logix Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination77.04%
Logix Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,477 | $2,287,515,000 | $353,175 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 6,477 | $2,287,515,000 | $353,175 |