Logix Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 5493000EO85W8IS2FR22
Tax ID: 95-6044941
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.18% | 11/22/24 |
| 30 Year Conventional Refi | 6.20% | 11/22/24 |
| 30 Year Cash-out Refi | 6.24% | 11/22/24 |
| 15 Year Conventional Purchase | 6.65% | 11/22/24 |
| 15 Year Conventional Refi | 5.77% | 11/22/24 |
| 15 Year Cash-out Refi | 5.77% | 11/22/24 |
| 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
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This is not an official calculator from Logix Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
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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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% |
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.
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications93.21%
Logix Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination79.48%
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 |