Logix Federal Credit Union Mortgage Lending & HMDA Data, 2016
In 2016, Logix Federal Credit Union of Valencia, CA reported 5,573 mortgage applications totaling $2.0 billion, up 14% from 2015. The average application was for $355,225, and applicants reported an average income of $131,541. 66% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (3,854), Oxnard-Thousand Oaks-Ventura, CA (785) and Riverside-San Bernardino-Ontario, CA (188) (applications in parentheses).
| Mortgage Company & Address | Logix Federal Credit Union 2340 Hollywood Way Valencia, CA 91355 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,573 |
| Total Mortgage Loan Application Amount | $1,979,669,000 |
| Average Mortgage Loan Application Amount | $355,225 |
| Highest Mortgage Loan Application Amount | $3,498,000 |
| Average Applicant Income | $131,541 |
| Highest Applicant Income | $1,620,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 3,854 | $ 1,351,404,000 | $ 350,649 | $ 128,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 785 | $ 324,220,000 | $ 413,019 | $ 142,000 |
| Riverside-San Bernardino-Ontario, CA | 188 | $ 50,029,000 | $ 266,111 | $ 136,000 |
| Anaheim-Santa Ana-Irvine, CA | 120 | $ 60,138,000 | $ 501,150 | $ 160,000 |
| Bakersfield, CA | 63 | $ 8,418,000 | $ 133,619 | $ 95,000 |
| San Diego-Carlsbad, CA | 52 | $ 21,354,000 | $ 410,653 | $ 181,000 |
| Las Vegas-Henderson-Paradise, NV | 48 | $ 7,800,000 | $ 162,500 | $ 115,000 |
| Manchester-Nashua, NH | 37 | $ 7,084,000 | $ 191,459 | $ 145,000 |
| Phoenix-Mesa-Scottsdale, AZ | 33 | $ 6,897,000 | $ 209,000 | $ 144,000 |
| Oakland-Hayward-Berkeley, CA | 22 | $ 9,745,000 | $ 442,954 | $ 150,000 |
| Santa Maria-Santa Barbara, CA | 20 | $ 10,605,000 | $ 530,250 | $ 219,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 17 | $ 4,914,000 | $ 289,058 | $ 137,000 |
| Lake Havasu City-Kingman, AZ | 13 | $ 2,318,000 | $ 178,307 | $ 152,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 12 | $ 5,518,000 | $ 459,833 | $ 200,000 |
| Prescott, AZ | 9 | $ 1,152,000 | $ 128,000 | $ 100,000 |
| Rockingham County-Strafford County, NH | 9 | $ 1,731,000 | $ 192,333 | $ 150,000 |
| San Francisco-Redwood City-South San Francisco, CA | 9 | $ 6,431,000 | $ 714,555 | $ 294,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 8 | $ 3,748,000 | $ 468,500 | $ 239,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 1,939,000 | $ 242,375 | $ 125,250 |
| Fresno, CA | 6 | $ 1,160,000 | $ 193,333 | $ 79,000 |
| Tucson, AZ | 6 | $ 1,016,000 | $ 169,333 | $ 74,000 |
| Vallejo-Fairfield, CA | 6 | $ 2,372,000 | $ 395,333 | $ 184,000 |
| Cambridge-Newton-Framingham, MA | 5 | $ 2,626,000 | $ 525,200 | $ 184,000 |
| Silver Spring-Frederick-Rockville, MD | 5 | $ 1,484,000 | $ 296,800 | $ 113,000 |
| Visalia-Porterville, CA | 5 | $ 873,000 | $ 174,600 | $ 144,000 |
| Chico, CA | 4 | $ 893,000 | $ 223,250 | $ 150,000 |
| Santa Rosa, CA | 4 | $ 1,958,000 | $ 489,500 | $ 137,000 |
| Modesto, CA | 3 | $ 804,000 | $ 268,000 | $ 106,000 |
| Portland-South Portland, ME | 3 | $ 960,000 | $ 320,000 | $ 171,000 |
| San Rafael, CA | 3 | $ 1,779,000 | $ 593,000 | $ 160,000 |
| Madera, CA | 2 | $ 562,000 | $ 281,000 | $ 113,000 |
| Merced, CA | 2 | $ 312,000 | $ 156,000 | $ 250,000 |
| Redding, CA | 2 | $ 294,000 | $ 147,000 | $ 114,000 |
| Reno, NV | 2 | $ 547,000 | $ 273,500 | $ 89,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 1,512,000 | $ 756,000 | $ 196,000 |
| Stockton-Lodi, CA | 2 | $ 412,000 | $ 206,000 | $ 81,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 266,000 | $ 133,000 | $ 67,000 |
| Worcester, MA-CT | 2 | $ 345,000 | $ 172,500 | $ 232,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 768,000 | $ 768,000 | $ 199,000 |
| Barnstable Town, MA | 1 | $ 67,000 | $ 67,000 | $ 190,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 111,000 | $ 111,000 | $ 179,000 |
| Flagstaff, AZ | 1 | $ 125,000 | $ 125,000 | $ 20,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 90,000 | $ 90,000 | $ 108,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 359,000 | $ 359,000 | $ 144,000 |
| Salinas, CA | 1 | $ 630,000 | $ 630,000 | $ 92,000 |
| Springfield, MA | 1 | $ 107,000 | $ 107,000 | $ 78,000 |
| Yuba City, CA | 1 | $ 45,000 | $ 45,000 | $ 146,000 |
| Yuma, AZ | 1 | $ 63,000 | $ 63,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Logix Federal Credit Union in 2016
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 4,054 | $1,489,099,000 | $367,000 | $3,498,000 | $130,000 | $1,529,000 |
| Home Purchase | 968 | $434,268,000 | $448,000 | $2,300,000 | $144,000 | $1,620,000 |
| Home Improvement | 551 | $56,302,000 | $102,000 | $1,208,000 | $121,000 | $1,553,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 2,776 | $1,031,329,000 | $371,000 | $3,498,000 | $136,000 | $1,529,000 |
| Hispanic | 1,202 | $322,728,000 | $268,000 | $1,500,000 | $91,000 | $646,000 |
| Not Provided | 872 | $353,248,000 | $405,000 | $3,000,000 | $169,000 | $1,620,000 |
| Asian | 505 | $197,040,000 | $390,000 | $2,240,000 | $142,000 | $1,553,000 |
| Black or African American | 146 | $50,247,000 | $344,000 | $926,000 | $129,000 | $687,000 |
| Native Hawaiin or Other Pacific Islander | 52 | $19,166,000 | $368,000 | $1,780,000 | $112,000 | $319,000 |
| American Indian or Alaskan Native | 20 | $5,911,000 | $295,000 | $626,000 | $86,000 | $217,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 5,573 | $1,979,669,000 | $355,000 | $3,498,000 | $131,000 | $1,620,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 3,654 | $1,285,313,000 | $351,000 | $3,498,000 | $138,000 | $1,620,000 |
| Application Withdrawn By Applicant | 763 | $282,173,000 | $369,000 | $3,000,000 | $133,000 | $1,461,000 |
| Application Denied By Financial Institution | 599 | $216,148,000 | $360,000 | $2,240,000 | $97,000 | $659,000 |
| File Closed For Incompleteness | 285 | $86,898,000 | $304,000 | $1,975,000 | $121,000 | $1,553,000 |
| Preapproval Denied by Financial Institution | 159 | $63,721,000 | $400,000 | $1,208,000 | $90,000 | $308,000 |
| Application Approved But Not Accepted | 113 | $45,416,000 | $401,000 | $2,000,000 | $155,000 | $1,507,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Other | 424 | $155,496,000 | $366,000 | $1,850,000 | $100,000 | $617,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 127 | $42,292,000 | $333,000 | $1,200,000 | $76,000 | $659,000 |
| Debt-To-Income Ratio | 113 | $48,388,000 | $428,000 | $2,240,000 | $79,000 | $308,000 |
| Credit History | 29 | $10,188,000 | $351,000 | $885,000 | $125,000 | $314,000 |
| Collateral | 28 | $9,702,000 | $346,000 | $1,336,000 | $149,000 | $364,000 |
| Mortgage Insurance Denied | 16 | $6,675,000 | $417,000 | $954,000 | $92,000 | $159,000 |
| Employment History | 10 | $3,127,000 | $312,000 | $605,000 | $63,000 | $150,000 |
| Credit Application Incomplete | 1 | $306,000 | $306,000 | $306,000 | $220,000 | $220,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Logix Federal Credit Union's 2016 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Logix Federal Credit Union's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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