From buying your first home or upgrading, Logix has flexible loan options and competitive rates. Plus, for a limited time, get $2,000 off closing costs on a new mortgage!
We've got some great perks for home buyers like you!
Information that's needed during the pre-approval process differs for self-employed or employed individuals. A checklist of needed documents will be given at the time of the application.
Documents that are needed are proof of income, proof of assets, and other documents. Feel free to come into your local branch to chat further about getting pre-approved for a mortgage loan or apply now.
Mortgage pre-approvals are good for 60 days.
If all documentation is provided at the time of the initial review, the pre-approval process can take as little as 1-2 business days.
To lock in a rate, there must be an actual accepted purchase contract.
On average, closing a mortgage loan can take up to 25-30 calendar days. Closing a mortgage is dependent on all parties, like the buyer and seller, and completing all required documents to finalize the close.
Closing costs vary as escrow companies differ in fees. These costs typically amount to three to five percent of the purchase price.
When going through the purchase process with your loan officer, closing cost estimates are given.
You can also use this mortgage comparison tool to compare mortgages and see estimated closing costs for each mortgage option.
Logix provides options with no closing costs. Click here to learn more.
$2,000 Off Logix Mortgage Loan Closing Costs Offer – We will reduce specific mortgage loan fees up to $2,000 on new Logix 1st trust deed mortgage loans for 1–4-unit residential property purchases. 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. This is a limited time offer and may be discontinued at any time without notice.
3% down – (97% financing) available on owner-occupied primary residence loan amounts of up to $806,500 on approved credit. 3% down payment must be from borrower's own source of funds and does not include non-lender paid fees, impounds, or reserves. Other financing options are available. Private Mortgage Insurance (PMI) is required.
HomeReady Mortgage Loan – Subject to underwriting guidelines. Borrower must meet the lower income qualifications, not own other properties and complete a pre-purchase homebuyer education and counseling course. Call (800) 328-5328 for complete program details.
Logix mortgage loans are available in the following states: AZ, CA, DC, ME, MD, MA, NH, NV, and VA. Logix membership is required. Logix Smarter Banking is a registered trademark of Logix Federal Credit Union.