IF Holdings logo
Join Now

Program Disclosure & Privacy Policy

How the Interest-Free Mortgage Fund (IFMF) Operates

Legal / Policy-Ready Version

The following information describes the structure, membership requirements, funding process, operational procedures, and anticipated benefits of participating in the Interest-Free Mortgage Fund (“IFMF”). This document is intended to provide clarity regarding the IFMF model. It does not constitute a binding agreement, offer of credit, legal advice, financial advice, or a guarantee of future performance. All participation is voluntary and subject to the IFMF Membership Agreement, Policies & Procedures, and all applicable federal and state laws.

Membership Eligibility and Enrollment Requirements

1.1 Eligibility.
To become a member of the IFMF, an individual must:

  • Be a United States Citizen or Lawful Permanent Resident (Green Card holder); and
  • Currently own a residential property in the United States or intend to purchase a home in the U.S.

1.2 Membership Fee.
Each applicant must submit a non-refundable $15 membership fee at the time of application. These funds are used to support general operations, technology, administration, and member services.

1.3 Membership Growth.
Members are encouraged—but not legally obligated—to invite additional eligible individuals. Growth of the community is essential to the viability of the IFMF model, which is based on achieving a target membership of two million (2,000,000) members.

1.4 Referral System.
Membership applications may require identification of a referring member and/or referral identification number for tracking and internal compliance purposes.

Funding Requirements for Participation in the Mortgage Conversion Program

2.1 Participation in the Mortgage Fund.
Membership alone does not create eligibility for an interest-free mortgage. To qualify for a mortgage payoff or mortgage conversion through the IFMF fund, members must contribute to the member-owned financing pool.

2.2 Contribution Amount.
The required contribution to participate in the mortgage conversion program is 1.5% of the maximum eligible mortgage amount, currently based on a benchmark of $400,000, resulting in a required total of:

$6,000 per participating member

2.3 Payment Options.
Contributions may be paid:

  • As a single lump-sum deposit, or
  • Through an 18-month installment plan at approximately $333 per month.

2.4 Member-Owned Fund Target.
All contributions collectively aim to establish a $12 billion member-owned fund, which is the required financial threshold for IFMF to begin mortgage conversions for participating members.

2.5 No Guarantee of Timing.
The timing of mortgage payoff, conversion, or fund availability is dependent on:

  • Membership growth,
  • Timely member contributions, and
  • Total fund accumulation.

IFMF does not guarantee a date or sequence of conversions.

Mortgage Conversion and Loan Servicing

3.1 Interest-Free Mortgage Structure.
Once the fund is established, participating members may be eligible for an interest-free mortgage of up to $400,000, subject to underwriting review, verification of property ownership, compliance with applicable lending laws, and other IFMF requirements.

3.2 Conversion Process.
For members with existing mortgages, IFMF will work with third-party closing agents, escrow providers, and legal counsel to facilitate a mortgage payoff and the creation of a new interest-free obligation. All closings will follow standard real estate and lending procedures.

3.3 Repayment Terms.
Repayment schedules may mirror the member’s current monthly principal-plus-interest payment amount but will be adjusted such that 100% of the payment is applied to principal in an interest-free structure.
The estimated payoff period is approximately 12.4 years, depending on the loan amount, payment amount, and other factors.

3.4 No Investment Offering.
Member contributions are not investments, securities, or deposits. They do not earn interest or returns and are not insured or refundable. Contributions support the mutual pooling structure of the IFMF program.

Illustrative Financial Example (Non-Guaranteed)

Any performance illustrations provided—including interest savings, home value projections, or potential wealth accumulation—are hypothetical, based on commonly used financial assumptions (e.g., 2.5% property appreciation, 7% investment returns), and are not guaranteed.

Individual outcomes will vary based on:

  • Real estate market performance
  • Member behavior and payment discipline
  • Economic conditions
  • Investment choices made independently of IFMF

IFMF does not provide investment advice or guarantee financial outcomes.

Monthly Membership Dues

5.1 Post-Launch Dues.
Once the membership goal is achieved, each member will contribute $15 per month to support ongoing operations and mortgage acceleration programs.

5.2 Use of Funds.
IFMF may allocate up to 60% of monthly dues toward accelerating the mortgage fund and supporting interest-free conversions for members.

5.3 Not a Loan Payment.
Membership dues are separate from mortgage obligations and do not reduce mortgage principal.

Future Member Benefits (Optional Programs)

The following benefits are anticipated but not guaranteed, and remain subject to feasibility studies, regulatory approval, and staffing:

6.1 Member-Owned Credit Union
May provide:

  • Checking and savings accounts
  • Consumer loans
  • Reduced fees compared to commercial institutions

6.2 Reciprocal Homeowners Insurance Company
A member-owned cooperative insurance model that may reduce premiums by removing profit-loading and commissions.
Actual savings are not guaranteed.

6.3 Affiliate and Group Benefit Partnerships
Potential future programs may include:

  • Auto purchase discounts
  • Auto insurance programs
  • Group life, accident, and health products
  • Retail discount programs

All such programs are contingent on membership scale and vendor participation.

Transparency and Member Portal Access

Upon successful establishment of the fund, IFMF plans to provide each member with secure portal access to:

  • Contribution history
  • Fund status
  • Member position in the mortgage conversion queue
  • Estimated timelines (non-binding)

IFMF will provide regular updates but cannot guarantee specific timelines or mortgage availability.

Member Education and Inquiry Support

Members may submit questions through the IFMF portal.
IFMF intends to host periodic informational sessions covering:

  • Mortgage program details
  • Financial literacy topics
  • Insurance and banking education
  • Program updates

These sessions are for educational purposes only and do not constitute financial advice.

Regulatory Notice

IFMF and IF Holdings, Inc. acknowledge that:

  • All activities must comply with state and federal regulations related to lending, insurance, credit administration, and financial services.
  • Program structures may be modified as required by law.

Nothing in this document supersedes statutory requirements or regulatory direction.