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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 Effective Starting: 8/03/2021

Rates are subject to change on a daily basis; call the Member Service Center or the Mortgage Department for daily dates. 302-629-0100

Primary Residence & Purchase of No Cash Out Refinance~

Loan To ValueMax AmountMax TermAnnual Percentage Rate* 5/1
Up to 80%$1,000,000**30 years2.570%
Up to 90%$548,25030 years2.820%
Up to 100%$250,00030 Years3.070%
Up to 100%$350,00030 Years3.320%

Primary Residence Cash Out Refinance ~

Loan To ValueMax AmountMax TermAnnual Percentage Rate* 5/1
Up to 70%$1,000,000**30 years3.570%
Up to 80%$548,25030 years3.570%

Second Homes***~

Loan To ValueMax AmountMax TermAnnual Percentage Rate* 5/1
Up to 80%$1,000,000**30 years3.570%
Up to 90%$548,25030 years3.820%

Land Loans

Loan To ValueMax AmountMax TermAnnual Percentage Rate* 5/1
Up to 70%$400,00015 years2.570%

*Stated Annual Percentage Rate (APR) is the lowest rate available for qualified borrowers. Actual rate and maximum financing options may differ based on creditworthiness.

The APR includes an index and a margin; the index is the one-year constant maturity rate; the margin varies by the amount borrowed, Loan to Value, and creditworthiness.

Annual rate cap of 2%; lifetime cap of 6%; **add .25% to APR for amounts over $510,400. Origination fee $1295, 1% maximum for land loans.

***Second home cash out limited to 70%, or up to 90% for purchase of second home, add .25% to APR for refinances.

~No private mortgage insurance for LTVs in excess of 80%

NMLS #469595

Fixed Rate Mortgages

Rates Effective Starting: 8/03/2021

Loan To ValueMax AmountMax TermAPR*
Residential Purchase or Refinance; Primary Residence
Up to 80%$548,25030 years2.750%
20 years2.625%
15 years2.125%
10 years2.125%

Other Options Include:

  • Up to 95% financing for the purchase of a primary residence.
  • Up to 85% 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

*Stated Annual Percentage Rate (APR) is the lowest rate available for qualified borrowers. Actual rate and maximum financing options may differ based on creditworthiness.

NMLS #469595

Fixed Rate Mortgage rates can change daily. Contact us at 302-629-0100 for current rates.

Additional Fixed-Rate Mortgage Options

Rates Effective Starting: 8/03/2021

TypeMax AmountMax TermAPR*
FHA$356,36230 years2.375%
VA$548,25030 year2.375%
USDA$276,00030 years2.875%

* 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.

Quotes based on 80% LTV with FICO score of 720 or greater for owner-occupied purchases and rate and term refinancing.

NMLS #469595

Fixed rate mortgage rates can change daily. Contact us at 302-629-0100 for current rates.

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 available without Private Mortgage Insurance (PMI).
  • One settlement saving you thousands of dollars in additional closing costs.
  • 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 Effective Starting: 8/03/2021

ProductAPR*TermAmount1
Home Equity Variable Rate Line of Credit (TFCU holds 1st Lien)Prime Rate; 3.50% Adjusts QuarterlyRevolvingUp to 80% of net** appraised value
Home Equity Variable Rate Line of Credit (TFCU holds 1st Lien)Prime Rate; 3.75% Adjusts QuarterlyRevolvingUp to 90% of net** appraised value
Home Equity Variable Rate Line of Credit (TFCU holds 1st Lien)Prime Rate; 4.25% Adjusts QuarterlyRevolvingUp to 100% of net** appraised value; maximum $250,000.
 
Home Equity Variable Rate3.57%Up to 20 yearsUp to 80% of net** appraised value
Home Equity Variable Rate4.07%Up to 20 yearsUp to 90% of net** appraised value
Home Equity Variable Rate4.57%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.