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Mortgage Rates

When you're ready to buy a home or refinance, our mortgage rates help members in Delmarva and beyond get ahead financially.

Adjustable Rate Mortgages

Rates for: 02/02/2023

Rates are subject to change without notice; call the Member Service Center or the Mortgage Department for current rates. 302-629-0100

Primary Residence Purchase & No Cash Out Refinance~

Loan To ValueMax AmountMax TermRate* 5/1 ARM
Up to 80%$726,20030 years5.400%
Up to 90%$726,20030 years5.650%
Up to 80%$1,250,00030 years5.650%
Up to 100%$250,00030 Years5.900%
Up to 100%$350,00030 Years6.150%
Up to 100%$726,200*30 Years5.650%

Other Options Include:

Tidemark Portfolio 5/1 ARM Program (Delmarva Peninsula Only)

Primary Residence Purchase, Construction-to-Permanent, or No Cash Out Refinances:

  • 100% financing to $726,200*
  • 97% financing to $1,000,000*
  • 95% financing to $1,250,000*
  • No Private Mortgage Insurance (PMI) up to 100% LTV up to $350,000
  • No Private Mortgage Insurance (PMI) up to 90% LTV up to $726,200
  • Other options are available; please call us at 302-629-0100

*Private Mortgage Insurance (PMI) may be required.

Second/Vacation Home Purchase & No Cash Out Refinance ***~

Loan To ValueMax AmountMax TermRate* 5/1 ARM
Up to 80%$726,20030 years5.650%
Up to 90%$726,20030 years6.150%
Up to 80%$1,000,000**30 years5.900%

Primary Residence Cash Out Refinance ~

Loan To ValueMax AmountMax TermRate* 5/1 ARM
Up to 80%$726,20030 years6.400%
Up to 70%$1,000,00030 years6.650%

Land Loans

Loan To ValueMax AmountMax TermRate* 5/1 ARM
Up to 70%$400,00015 years5.400%

Rates displayed are the lowest rates available for qualified borrowers. Actual rate and maximum financing options may differ based on creditworthiness.

ARM rates are based on an index and a margin; the index is the one-year constant maturity treasury rate; the margin varies by the amount borrowed, Loan to Value, and creditworthiness.

Annual rate cap of 2%; lifetime cap of 6%.

***Second home cash out limited to 70% LTV.

~No private mortgage insurance up to 90% LTV up to $726,200

Company NMLS #469595

Conventional Fixed Rate Mortgages - Affordable Housing Programs*

Rates for: 02/02/2023

Loan To ValueMax AmountMax TermFixed Rate*
Residential Purchase or No Cash Out Refinance; Primary Residence1.00% Point0.50% PointNo Points
Up to 97% with credit score ≥ 620$726,20030 years5.500%5.625%6.000%

Program Highlights:

  • Income Limit based on borrower(s) income, not the entire household income
  • Qualifying income up to 100% of Area Median Income for Manufactured Class C Homes or First Time Home Buyers buying any qualifying property
  • or qualifying income up to 80% of Area Median Income for low-to-moderate income borrowers
  • Attached, Detached, Warrantable Condos, or PUDs up to 97% Financing
  • Manufactured Class C Single-Wide or Multi-Wide up to 95% Financing
  • Other options are available; please call us at 302-629-0100

*Quotes based on 97% LTV with FICO score of 620 or greater for owner-occupied purchases and rate and term refinancing of Single Family Attached, Detached, Warrantable Condominium, or PUD. Manufactured Class C Homes limited to maximum 95% Financing. Income restrictions apply.

Rate displayed are the lowest rate available for well qualified borrowers. Actual rate and maximum financing options may differ based on creditworthiness.

Rates are subject to change without notice due to market fluctuations. Contact us at 302-629-0100 for current rates specific to your scenario.

Company NMLS #469595

 

Conventional Fixed Rate Mortgages - Standard Programs

Rates for: 02/02/2023

Loan To ValueMax AmountMax TermFixed Rate*
Residential Purchase or No Cash Out Refinance; Primary Residence1.00% Point0.50% PointNo Points
Up to 80%$726,20030 years5.490%5.875%5.990%
20 years5.375%5.490%5.625%
15 years4.875%5.125%5.250%
10 years5.125%5.250%5.375%
Jumbo Loans up to 80%$1,000,00030 yearsCall for RatesCall for RatesCall for Rates
$2,000,00030 yearsCall for RatesCall for RatesCall for Rates
Second Home Jumbo Loans up to 80%$1,000,00030 yearsCall for RatesCall for RatesCall for Rates

Other Options Include:

  • Up to 97% financing on purchase for First Time Home Buyers or Low-to-Moderate Income Borrowers.
  • Up to 95% financing for the purchase of a primary residence.
  • Up to 90% financing for the purchase of a second home.
  • Cash out refinance up to 80% for primary and 75% for a second home.
  • Other options are available; please call us at 302-629-0100

Quotes based on 80% LTV with FICO score of 780 or greater for owner-occupied purchases and rate and term refinancing.

Rate displayed are the lowest rate available for well qualified borrowers. Actual rate and maximum financing options may differ based on creditworthiness.

Rates are subject to change without notice due to market fluctuations. Contact us at 302-629-0100 for current rates specific to your scenario.

Company NMLS #469595

 

Government Insured Fixed-Rate Mortgage Options

Rates for: 02/02/2023

TypeMax LTVMax AmountMax TermFixed Rate*
1.00% Point0.50% PointNo Points
FHA96.50%$472,03030 years5.125%5.250%5.625%
VA100%$726,20030 years5.125%5.250%5.750%
VA Jumbo100%$1,000,00030 Years5.125%5.375%6.000%
USDA100%$726,20030 years5.250%5.625%5.750%

* Stated Annual Percentage Rate (APR) is the lowest rate available for qualified borrowers. Actual rate and maximum financing options may differ based on creditworthiness.  Maximum Amounts are specific per county and state.

Government Insured Programs Quotes based on Maximum LTV with FICO score of 680 or greater for owner-occupied purchases and rate and term refinancing.

Rates are subject to change without notice due to market fluctuations. Contact us at 302-629-0100 for current rates specific to your scenario.

*Sussex and Kent County, DE loan limits; Please call for other counties.

Construction Loans

Fixed Annual Percentage Rate during the construction period up to 9 months; interest only payment.

Conversion Options

Variable Rate Option

  • Up to 100% financing for amounts up to $726,200 for Primary Residence.
  • Up to 90% financing for amounts up to $726,200 for Second/Vacation Home.
  • Up to 97% financing for amounts up to $1,000,000 for Primary Residence.
  • Up to 95% financing for amounts up to $1,250,000 for Primary Residence.
  • One settlement saving you thousands of dollars in additional closing costs.
  • No Private Mortgage Insurance (PMI) up to 90% LTV up to $726,200 on Primary Residence and Second/Vacation Home
  • See our Adjustable-Rate Mortgage Program above for available amounts and final terms.
  • Origination fee of 1% with $3,000 minimum. 

Fixed Rate Options

  • See above Fixed Rate schedule in terms of LTV and maximum financing; additional settlement will be required; private mortgage insurance required in excess of 80% LTV.

NMLS #469595

Home Equity Loans

Rates for: 02/02/2023

ProductAPR*TermAmount1
Home Equity Variable Rate Line of Credit (TFCU holds 1st Lien)Prime Rate; 7.750% Adjusts QuarterlyRevolvingUp to 80% of net** appraised value
Home Equity Variable Rate Line of Credit (TFCU holds 1st Lien)Prime Rate; 8.250% Adjusts QuarterlyRevolvingUp to 90% of net** appraised value
Home Equity Variable Rate Line of Credit (TFCU holds 1st Lien)Prime Rate; 8.750% Adjusts QuarterlyRevolvingUp to 100% of net** appraised value; maximum $250,000.
 
Home Equity Variable Rate6.400%Up to 20 yearsUp to 80% of net** appraised value
Home Equity Variable Rate6.900%Up to 20 yearsUp to 90% of net** appraised value
Home Equity Variable Rate7.400%Up to 20 yearsUp to 100% of net** appraised value, maximum $250,000

* Stated Annual Percentage Rate (APR) is the lowest rate available for qualified borrowers. Actual rate may be higher based on creditworthiness.
NMLS #469595

** Appraised value less 1st lien balance.

1Limited to Loans in the Delmarva Peninsula. If TFCU is not first lien holder, the loan amount is limited to 80% LTV with maximum $100,000. Minimum loan amount $10,000. Additional limitations may apply.