Up to $2,020 Off Logix Mortgage Loan Closing Costs Offer. We will reduce specific mortgage loan fees up to $2,020 on new Logix 1st trust deed mortgage loans for 1-4 unit residential property purchases. This Offer pertains only to the following fee types and maximum fee reduction amounts (max): Appraisal Fee max $475; Credit Report Fee max $24; Application Fee max $500; Tax Registration max $64; Processing Fee max $195; Flood Certification max $6; Underwriting Fee max $500; Document Preparation Fee max $30; and Notary Fee max $175, as itemized on your Loan Estimate and Closing Disclosure. This Offer cannot be applied to other Logix mortgage loan fees or costs, or to any other Logix product, service, fee or charge. This Offer is not available on Logix no-cost loans, subordinate-lien financing, or Logix home equity loans and lines of credit, and is valid only on loan applications received on or after 12/20/19. This is a limited time Offer and may be discontinued at any time without notice.
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California Insurance License No. 0D64827
The Logix PrimeLine Home Equity Line of Credit is an adjustable rate loan. The Introductory Discounted 2.99% APR (2.99% APR Intro Rate) is fixed for the first 12 months (365 days) after which the rate converts to the then current Prime Rate (the Index) plus your Margin and is then variable and subject to change. The PrimeLine Variable-Rate Home Equity Line of Credit (HELOC) current 5.49% APR is accurate as of 9/19/2019 is subject to change, and is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 70%. The rate is variable, subject to change monthly, and may increase after consummation. Maximum APR 18%. The HELOC term is 15 years. Minimum interest-only monthly payment results in a Balloon payment at maturity. Minimum credit limit is $25,000; Maximum $500,000. Property Insurance and a lien are required on the subject property. No closing costs if credit limit is $250,000 or less and HELOC is not closed within the first 36 months. Closing costs on credit limits in excess of $250,000 range from $1,500 to $2,000 based on amount borrowed. Attorney’s fees apply in MD, VA, NH, ME and MA and range from $300 to $700. Additional state-related taxes and fees may apply. Consult your tax advisor regarding deductibility of interest. The PrimeLine Variable-Rate Home Equity Line of Credit 2.99% APR Intro Rate is available only on owner-occupied properties. The 2.99% APR Intro Rate is not available on the Logix 80/10/10 mortgage loan program. APR = Annual Percentage Rate. The PrimeLine HELOC is available only in CA, MD, NV, NH, VA, MA and ME. Logix membership required. NMLS ID 503781
+ The Home Rewards program is made available to you through a relationship between Logix Federal Credit Union (hereafter, Logix) and Home Rewards Group, Inc. Cash Rewards are awarded by Home Rewards Group, Inc. to buyers and sellers who select and use a real estate agent in the Home Rewards network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Using Logix for a mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. Logix may have specific rules on how your Cash Rewards will be paid out. Cash Rewards incentives are available in most states; however, are void where prohibited by law or by the lender. Please contact Logix to get details that may affect you.
Rebate payment is made by Home Rewards Group Inc. and is credited to your benefit at the close of transaction. Purchase price must be greater than $150,000 after all credit adjustments. All rebates are subject to limitations, lender guidelines, and other requirements. Certain properties may not be eligible for rebates. Rebate is 20% for purchase or sale of a residential property. Rebate is 25% for a residential property sale and purchase. In order to receive the 25% rebates, the home sale and purchase transactions must take place within six months of each other. Please consult a qualified tax professional for advice on tax implications from receiving a rebate. Home Rewards Group Inc. is not affiliated with Logix.
1. Escrow services discount and free signing services available only on an escrow serviced by Escrow Options Group, Inc. which is not affiliated with Logix. Check with the seller of the property regarding selection of the escrow company.
Logix Money Market Account: Minimum opening deposit is $2,500.00. Minimum balance required to earn 1.75% APY (Annual Percentage Yield) is $100,000.00. The Logix Money Market Account is a tier-rate account and the APY for each balance tier is: 1.75% APY on $100,000.00 and Over; 0.90% APY on $50,000.00 - $99,999.99; 0.80% APY on $25,000.00 - $49,999.99; 0.70% on $10,000.00 - $24,999.99; 0.60% APY on $7,500.00 - $9,999.99; 0.50% APY on $2,500.00 - $7,499.99; and 0.50% APY on $ .01 - $2,499.99. The APY for each balance tier is variable and is subject to change after the account is opened. A $2,500 average balance is required to avoid a monthly low balance fee. Fees may reduce earnings. APYs are accurate as of 1/31/2020 and are subject to change after the account is opened. The advertised 1.75% APY does not apply to Business Money Market Accounts opened after 5/17/17.