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Smarter Refi - Low Rates, No Closing Costs!

The Logix Smarter Refi is a streamlined mortgage refinance program designed to provide an expedited, no closing cost experience to highly qualified borrowers for specific types of refinances. The Smarter Refi significantly reduces documentation requirements and waives many traditional processing and underwriting steps - which can cut the time required to refinance your loan in half!

If you've got a credit score of 680 or higher and want to refinance a low loan to value mortgage, cash out option is available, call (800) 328-5328 to get started now!

  • Low fixed rates
  • Cash Out and No Cash Out options available
  • Loan amounts of $300,000 to $970,800
  • Maximum 60% combined loan-to-value (CLTV)
  • No appraisal with qualifying Property Inspection Waiver
  • Choice of 15 or 30-year terms
  • Property must be owner occupied and second home (attached condos and other property types ineligible)*
  • Cash-out refinances are permitted with a 0.375% Loan Level Price Adjustment (LLPA)

If you have questions, call us now at (800) 328-5328, or schedule an appointment:

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No Closing Costs applies to borrowers who choose to finance the 0.375% LLPA/Points into the amount borrowed; otherwise closing costs equal to the amount of the LLPA/Points will apply and must be paid by the borrower(s) at the time of loan closing.

Smarter Refi Conforming 30 Year Fixed Rate Cash-Out Mortgage Loan - Minimum required 680 FICO score. The 3.875% interest rate and corresponding 3.97% APR (Annual Percentage Rate) with 0.375 Points assumes a maximum Combined Loan-to-Value (CLTV) ratio of 60% and is available on owner-occupied primary or second home single family residence, detached condominiums, and planned unit developments (PUDs).The monthly payment example of the estimated $1,141 per month is based on a $300,000 loan amount and does not include taxes, hazard insurance, or Private Mortgage Insurance (PMI). PMI is required on loans greater than 80% LTV. Your actual monthly payment amount will be greater. The advertised interest rate and APR applies only in certain conditions and depends on several factors/assumptions, including financial market conditions, specific characteristics of the loan transaction and the applicant’s credit profile. Self-employment income is not eligible to qualify for this offer. Income reflected on W-2s and retirement and rental income may be acceptable. Logix Smarter Refi Fixed Rate Conforming Mortgage loan amounts are available up to $647,200 meeting the above criteria. CLTVs greater than 60% and other conditions that fall outside of the aforementioned criteria may not be eligible for the Smarter Refi cash-out product, including but not limited to, FICO score lower than 680, loan amount below the minimum of $300,000 or greater than $647,200, property type, loan type, occupancy type, attached condo, and 2-4 unit properties Rate accurate as of 3/10/22 and is subject to change.

Logix Smarter Banking is a registered trademark of Logix Federal Credit Union. Logix membership is required. Logix is an Equal Housing Lender.


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