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Making your home buying process even better!

Receive Gold REWARDS with a First Mortgage from IBM Southeast EFCU.
 
Your Credit Union knows that buying a home is one of the most important financial investments you can make. That's why we've dedicated ourselves to making the First Mortgage process as simple as possible for you.
 

Apply for a First Mortgage

What differentiates our mortgages from those of other financial institutions? 

  • 60-day rate lock-in during processing.* 
         Our competitors typically offer a 30-45 day lock-in timeframe.
         If they offer a 60-day lock-in period, their customers typically
         pay a fee for this feature.    

         *After you have paid your $350 application fee and have a sales contract
          (on a purchase) you may lock-in your interest rate.
          Click here to view the Lock-In Agreement or Float Agreement.

  • Our mortgages are not subject to intangible tax. 
        On a $100,000 loan, the savings can be up to $300 in Georgia and $200 in Florida.
     
  • The Credit Union will never sell the mortgage servicing. 
        Our Members will never be switched over to a new mortgage company.
     
  • A mortgage at the Credit Union gives our Members Gold REWARDS.
         Members benefit from having no Credit Union ATM fees, Checking and Money
         Market accounts with no minimum balance fees, and free or reduced fees on
         many other services.
     
  • We do not charge extra fees/higher interest rates on a loan without
         escrow.     On a waived escrow loan, our competitors typically charge a higher
         interest rate (up to .25%) or they charge a one-time fee (about $500 on a
         $200,000 loan).
     
     

    Did you know: First-time home buyers who purchase a primary residence on or after January 1, 2009 and before December 1, 2009 can claim a tax credit equal to 10% of the purchase price of the home, up to $8000. Unlike the previous first-time buyer tax credit, this one does not need to be repaid as long as you keep the home as your personal residence for at least three years. This tax benefit may phase out at specific income levels, so consult a qualified tax advisor or visit www.irs.gov to find out more.

    Buying a home can seem like a daunting task, but learning about the process can make it feel less overwhelming.  Many people have done it before, and you can too.

    If you plan to buy a home, you can use this helpful checklist during your home search to help you remember the features of each property.
     
     
    First Mortgage Rates:

    First Mortgage rates vary based on your personal situation. If you would like to determine your most accurate loan rate based on your specific needs, please use our Loan Consultant.

    However, if you would just like to get an idea of our rates, you can view our sample mortgage rates, assuming a $100,000 mortgage on a primary residence without private mortgage insurance.

    Contact our Mortgage Department at 800.873.5100, ext.7722 or 561.982.4700, ext. 7722 today for more details or email mortgage@ibmsecu.org.

    Helpful Tools:

    Our calculators provide answers to your most common questions:


    Home and Auto Insurance  - IBM Southeast EFCU has partnered with Newtek to meet your Homeowners and Auto Insurance needs. Fill out the online form and a qualified insurance agent will contact you within 24-48 hours.


    Listen to our Homebuying and Refinancing Podcast (click on the arrow to play):
      

    Hipotecas (Spanish):
      
     
     

     
    Learn about The Road to Home Ownership (El Camino a la Casa Propia) at BalanceTrack (En Espaņol)

    Consumer Handbook on Adjustable Rate Mortgages
    Buying Your Home - Settlement Costs and Helpful Information


    		•
    Help? | serviceplus@ibmsecu.org  • National: 800.873.5100 | Local: 561.982.4700            
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