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Last Updated: 04/18/2025

Logix FCU Home Equity Line of Credit

from Logix Federal Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

$25,000 - $250,000

Maximum LTV

70%

Minimum Draw

N/A

Loan Term (Years)

Up to 15

Logix FCU Home Equity Line of Credit Review

Logix FCU Home Equity Line of Credit is offered by Logix Federal Credit Union (NMLS #503781), a credit union founded in 1937 and based in Burbank, CA. Logix Federal Credit Union Home Equity Line of Credit are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

No primary residences considered. Logix FCU Home Equity Line of Credit does not offer financing for primary homes.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Maximum LTV. Logix FCU Home Equity Line of Credit has a maximum loan to value ratio of 70%.

Logix FCU Home Equity Line of Credit Pros & Cons

Pros

Cons

Available in 55 states.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.

Logix FCU Home Equity Line of Credit FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.

Borrowers can apply for lines of credit of up to $250,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.

The maximum loan-to-value (LTV) ratio goes up to 70%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $50k in credit.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does Logix Federal Credit Union Home Equity Line of Credit charge for a HELOC?

Logix FCU Home Equity Line of Credit may charge an origination fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

2340 N Hollywood Way

Burbank, CA 91505

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Hours of Operation

SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturday9:00AM - 2:00PM

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SuperMoney Net Recommendation Score

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-1000+100

No one recommends

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