When families are tasked with finding better interest rates and terms on a home loan, it can take away from other important aspects, like scouting neighborhoods, looking at local schools and determining their budgets for the next 15 or 30 years.
Taking the complexity out of the mortgage process is just one specialty of Logix Federal Credit Union, which offers options that keep the lending process simple for buyers. Logix’s 15-year home loan, with an interest rate of 2.750% keeps monthly payments low, puts the terms of this mortgage in the hands of the Logix member, and is joined by excellent customer service and expertise.
Logix Federal Credit Union 15-Year Home Loan Terms and Conditions
With a shorter term than other home loans, this fixed-rate mortgage is ideal for people who want their interest rates to remain the same for the entire life of the loan, and for those members who intend to stay in their homes for years to come. The maximum-permitted loan amount is $417,000, and only a 5 percent down payment is needed; however, an added 0.750% might be added to your loan if you go with this down payment amount. With a 2.750% interest rate, an estimated monthly payment (per $1,000 borrowed) would be $678.62.
Other reasons to work with Logix Federal Credit Union include:
- 25-day funding guarantee on home purchases, or Logix will pay you $2,000
- Lifetime servicing
- Money-back guarantee or a $500 reimbursement
About Logix Federal Credit Union
Logix Federal Credit Union takes the unique banking approach of giving its members the opportunity to become part owners when they sign up, since the credit union’s profits are returned to them in the form of better interest rates on a range of banking products. Logix was originally founded as the Lockheed Aircraft Employees Federal Credit Union in 1937, and it remains proud of its financial legacy and history, where smarter banking is the No. 1 goal for Logix and each and every member.
The right home loan offers a low interest rate and more.