Idb Global Federal Credit Union Mortgage Rates, Fees & Info

Washington, DC

LEI: 2549003Z8R5QM0WPS603

Tax ID: 53-0260404

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Miami, Baltimore, Salisbury, and Durham among others. We have data for 11 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. 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.28% 12/16/24
    30 Year Cash-out Refi 6.28% 12/16/24
    15 Year Conventional Purchase 5.86% 12/16/24
    15 Year Conventional Refi 6.01% 12/16/24
    15 Year Cash-out Refi 6.01% 12/16/24
    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

    190

    Origination Dollar Volume (All Markets)

    $103,300,000

    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) 168 $93,650,000 $557,440 $6,392 3.26%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $4,260,000 $532,500 $6,073 3.69%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,565,000 $521,667 $5,559 4.29%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $850,000 $425,000 $5,580 3.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $755,000 $755,000 $6,262 2.50%
    COLUMBUS, OH (FHA|USDA|VA) 1 $535,000 $535,000 $5,590 5.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $530,000 $265,000 $4,112 5.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,595 4.44%
    SANTA FE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $4,714 2.25%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,956 4.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,993 2.25%
    Idb Global Federal Credit Union's top markets include Washington, Miami, Baltimore, Salisbury, and Durham among others.

    Their top states include:
  • District of Columbia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (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.

    Cedar Point Federal Credit Union
    Similarity Rank: 370
    IDB Global Federal Credit Union
    Similarity Rank: 1133
    Burke & Herbert Bank & Trust Company
    Similarity Rank: 1260
    MISSION MORTGAGE LLC
    Similarity Rank: 1390
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 1548
    Member Options, LLC
    Similarity Rank: 1687
    NATIONAL COOPERATIVE BANK, N.A.
    Similarity Rank: 2040
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 2106
    ANDREWS FEDERAL CREDIT UNION
    Similarity Rank: 2279
    Bank of Clarke County
    Similarity Rank: 2360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 190 $103,300,000 $543,684 $6,280 3.33%

    For 2022, Idb Global Federal Credit Union's most frequently originated type of loan was Conventional, with 190 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 95 $50,765,000 $534,368 $6,042 2.91%
    Home Purchase 91 $50,765,000 $557,857 $6,529 3.81%
    Refi 4 $1,770,000 $442,500 $6,256 2.75%

    For 2022, Idb Global Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 95 originations. The 2nd most popular reason was Home Purchase, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 110 $66,810,000 $607,364 $6,440 3.30%
    15 Year 45 $16,805,000 $373,444 $5,537 3.93%
    20 Year 29 $15,775,000 $543,966 $6,958 2.68%
    Other 5 $3,755,000 $751,000 $5,920 2.73%
    10 Year 1 $155,000 $155,000 $4,224 2.50%

    For 2022, Idb Global Federal Credit Union's most frequently cited loan duration was 30 Year, with 110 originations. The 2nd most popular length was 15 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 106 $62,590,000 $590,472
    $1k-2k 54 $14,130,000 $261,667
    $5k+ 13 $9,545,000 $734,231
    $3k-4k 12 $12,340,000 $1,028,333
    $4k-5k 5 $4,695,000 $939,000

    Idb Global Federal Credit Union's average total fees were $6,440, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 106 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 67 $44,465,000 $663,657
    3-4% 40 $17,600,000 $440,000
    2.5-3% 36 $18,590,000 $516,389
    4-5% 32 $17,740,000 $554,375
    5-6% 14 $4,700,000 $335,714
    6-7% 1 $205,000 $205,000

    During 2022, Idb Global Federal Credit Union's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was <2.5%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 64 $48,860,000 $763,438 $7,146 3.09%
    $200k-400k 48 $14,630,000 $304,792 $4,983 3.58%
    $400k-600k 47 $23,295,000 $495,638 $5,908 3.45%
    $100k-200k 19 $2,865,000 $150,789 $3,984 3.49%
    $1MM+ 11 $13,555,000 $1,232,273 $12,713 2.72%
    $100,000 or less 1 $95,000 $95,000 $3,460 5.75%

    2022 saw Idb Global Federal Credit Union place emphasis on $600k-1MM loans with 64 originations, totaling $48,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 73 $40,435,000 $553,904 $6,424 3.38%
    $250k+ 65 $46,585,000 $716,692 $7,295 3.23%
    $100k-150k 33 $12,025,000 $364,394 $5,032 3.58%
    $75k-100k 11 $2,805,000 $255,000 $4,732 2.92%
    $50k-75k 6 $1,150,000 $191,667 $4,015 3.42%
    $50k or less 2 $300,000 $150,000 $3,952 2.94%

    Idb Global Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 73 originations. The second most popular income band? $250k+, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 65 $34,885,000 $536,692 $6,813 3.24%
    30-36% 43 $23,435,000 $545,000 $6,342 3.38%
    <20% 23 $10,375,000 $451,087 $5,383 3.46%
    38% 12 $8,730,000 $727,500 $6,396 3.36%
    41% 8 $5,790,000 $723,750 $7,090 3.48%
    42% 8 $2,950,000 $368,750 $5,047 3.31%
    39% 8 $4,400,000 $550,000 $5,666 3.06%
    40% 5 $3,065,000 $613,000 $7,492 3.50%
    36% 5 $2,305,000 $461,000 $5,358 3.23%
    37% 5 $2,615,000 $523,000 $5,384 3.58%
    43% 3 $1,435,000 $478,333 $4,810 4.29%
    45% 2 $980,000 $490,000 $5,720 3.25%
    44% 1 $645,000 $645,000 $6,199 2.63%
    46% 1 $935,000 $935,000 $5,139 2.50%
    47% 1 $755,000 $755,000 $6,262 2.50%

    Idb Global Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 169 $93,705,000 $554,467 $6,380 3.33%
    Black 7 $3,065,000 $437,857 $5,185 3.63%
    American Indian 4 $2,640,000 $660,000 $5,956 2.53%
    Asian 4 $1,730,000 $432,500 $5,362 3.22%
    Not provided 5 $1,515,000 $303,000 $5,429 3.95%
    Other Asian 1 $645,000 $645,000 $6,199 2.63%

    Approval Rates

    Total approvals of all applications
    99.48%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 190 $103,300,000 $543,684

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    190 $103,300,000 $543,684

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $5,800,000 $322,222 $4,943 3.27%
    40-60% 50 $28,480,000 $569,600 $7,071 3.06%
    60-80% 86 $52,500,000 $610,465 $6,414 3.32%
    80-100% 32 $16,040,000 $501,250 $5,737 3.84%
    Under 20% 4 $480,000 $120,000 $3,882 3.44%