2024 HIGHLIGHTS
1. Products Mortgages
In recent years, achieving the dream of homeownership has become more challenging. That is why, in 2024, at IDB Global Federal Credit Union, we focused on programs and products that would give our members the knowledge and tools to afford a home.
More For Less: 5.00% Down Payment We understand that one of the biggest challenges for hopeful homeowners is saving enough for a down payment. So, we lowered the barrier to entry by offering a program that requires only a 5.00% down payment. This, along with our many low interest mortgage offerings and flexible terms, allowed many to purchase a home—and take their next steps towards home ownership. New Product: Blended Mortgage This revolutionary idea helped many members buy a new home with a lower-than-market rate mortgage! Whether it was for the purchase of a new home or refinancing an existing one, our Blended Mortgage Rate Loan combined a homeowner’s current mortgage rate at the Credit Union with the market rate for their new loan. It uses a weighted average formula based on the loan amounts and interest rates, which often gives our members a lower rate than if they finance with market rates alone.
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