Idb Global Federal Credit Union Mortgage Rates, Fees & Info

Washington, DC

LEI: 2549003Z8R5QM0WPS603

Tax ID: 53-0260404

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Mortgage Data

Review & Overview

Idb Global Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Idb Global Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Miami, Seattle, and Salisbury among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Idb Global Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Idb Global Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.28% 3/28/24
30 Year Cash-out Refi 6.28% 3/28/24
15 Year Conventional Purchase 5.86% 3/28/24
15 Year Conventional Refi 6.01% 3/28/24
15 Year Cash-out Refi 6.01% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Idb Global Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Idb Global Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

242

Origination Dollar Volume (All Markets)

$121,940,000

Awards

IDB Global Federal Credit Union 30 Year Conventional Loans gold IDB Global Federal Credit Union 30 Year Conventional Loans gold
Show all (2) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 227 $115,945,000 $510,771 $5,419 2.77%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,885,000 $377,000 $5,222 2.70%
Outside of Metro Areas 3 $1,615,000 $538,333 $7,221 2.58%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,425,000 $285,000 $4,631 2.78%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $775,000 $775,000 $5,528 2.88%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $295,000 $295,000 $4,564 3.00%
Idb Global Federal Credit Union's top markets include Washington, Baltimore, Miami, Seattle, and Salisbury among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against IDB Global Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Poli Mortgage Group, Inc.
    Similarity Rank: 1100
    Beeline Loans, Inc.
    Similarity Rank: 1505
    Kwik Mortgage Corporation
    Similarity Rank: 1602
    IDB Global Federal Credit Union
    Similarity Rank: 1782
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    Similarity Rank: 1920
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    Similarity Rank: 2052
    Credence Funding Corporation
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 242 $121,940,000 $503,884 $5,418 2.77%

    For 2020, Idb Global Federal Credit Union's most frequently originated type of loan was Conventional, with 242 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 169 $83,755,000 $495,592 $5,384 2.74%
    Home Purchase 58 $30,570,000 $527,069 $5,680 2.83%
    Refi 15 $7,615,000 $507,667 $4,795 2.82%

    For 2020, Idb Global Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 169 originations. The 2nd most popular reason was Home Purchase, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 84 $51,330,000 $611,071 $5,643 2.83%
    15 Year 80 $31,860,000 $398,250 $4,935 2.67%
    20 Year 58 $30,530,000 $526,379 $5,741 2.88%
    Other 12 $5,440,000 $453,333 $5,249 2.66%
    10 Year 8 $2,780,000 $347,500 $5,754 2.45%

    For 2020, Idb Global Federal Credit Union's most frequently cited loan duration was 30 Year, with 84 originations. The 2nd most popular length was 15 Year, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 130 $47,790,000 $367,615
    $2k-3k 89 $59,305,000 $666,348
    $5k+ 12 $6,820,000 $568,333
    $3k-4k 8 $7,110,000 $888,750
    $4k-5k 3 $915,000 $305,000

    Idb Global Federal Credit Union's average total fees were $5,643, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 130 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 187 $96,925,000 $518,316
    <2.5% 45 $19,555,000 $434,556
    3-4% 10 $5,460,000 $546,000

    During 2020, Idb Global Federal Credit Union's average interest rate for loans was 2.83%, while their most frequently originated rate bucket for loans was 2.5-3%, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 80 $25,610,000 $320,125 $4,605 2.73%
    $600k-1MM 70 $52,350,000 $747,857 $6,324 2.84%
    $400k-600k 67 $32,685,000 $487,836 $5,578 2.76%
    $100k-200k 15 $2,375,000 $158,333 $3,932 2.68%
    $1MM+ 8 $8,740,000 $1,092,500 $7,672 2.73%
    $100,000 or less 2 $180,000 $90,000 $3,133 2.88%

    2020 saw Idb Global Federal Credit Union place emphasis on $200k-400k loans with 80 originations, totaling $25,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 99 $62,735,000 $633,687 $6,039 2.76%
    $150k-250k 94 $44,050,000 $468,617 $5,174 2.77%
    $100k-150k 31 $10,705,000 $345,323 $4,765 2.80%
    $75k-100k 13 $3,655,000 $281,154 $4,722 2.78%
    $50k-75k 4 $700,000 $175,000 $3,903 2.59%
    $50k or less 1 $95,000 $95,000 $2,955 2.88%

    Idb Global Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 99 originations. The second most popular income band? $150k-250k, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 91 $47,725,000 $524,451 $5,386 2.76%
    <20% 58 $25,470,000 $439,138 $5,242 2.73%
    30-36% 43 $22,925,000 $533,140 $5,849 2.73%
    39% 10 $4,580,000 $458,000 $5,026 2.90%
    36% 10 $6,270,000 $627,000 $5,648 2.96%
    37% 8 $3,690,000 $461,250 $4,862 2.80%
    41% 7 $3,515,000 $502,143 $5,181 2.71%
    38% 6 $3,300,000 $550,000 $5,812 2.77%
    40% 4 $1,120,000 $280,000 $4,350 2.84%
    42% 3 $2,755,000 $918,333 $7,532 3.04%
    44% 1 $275,000 $275,000 $4,235 2.88%
    47% 1 $315,000 $315,000 $4,549 2.88%

    Idb Global Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? <20%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 235 $118,765,000 $505,383 $5,423 2.77%
    Black 4 $1,870,000 $467,500 $5,544 2.66%
    Asian 2 $990,000 $495,000 $5,156 2.63%
    Not provided 1 $315,000 $315,000 $4,361 2.88%

    Approval Rates

    Total approvals of all applications
    100.00%

    Idb Global Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.35%

    Idb Global Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 242 $121,940,000 $503,884

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 242 $121,940,000 $503,884

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $6,605,000 $314,524 $4,567 2.63%
    40-60% 54 $26,360,000 $488,148 $5,805 2.68%
    60-80% 135 $74,165,000 $549,370 $5,441 2.81%
    80-100% 27 $14,095,000 $522,037 $5,491 2.84%
    Under 20% 5 $715,000 $143,000 $3,888 2.70%