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: 4/18/2019

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

Mortgage Rate Properties Annual Percentage Rate*
Loan to Value Max Amount Max Term 5/1

Primary Residence & Purchase or

No Cash Out Refinance~

Up to 80% $700,000** 30 years 3.990%
Up to 90% $484,350 30 years 4.240%
Up to 100% $250,000 30 years 4.490%

Land Only

Up to 70% $400,000 15 years 3.990%

 

Mortgage Rate Properties Annual Percentage Rate*
Loan to Value Max Amount Max Term 5/1

Primary Residence & Second Home***; Purchase or

Cash Out Refinance~

Up to 80% $700,000** 30 years 4.240%
Up to 90% $484,350 30 years 4.490%
       

Land Only

Up to 70% $400,000 15 years 4.240%

*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 $484,350. Origination fee 1%-$3000 minimum.

***Second home cash out limited to 80%, or up to 90% for purchase of second home

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

NMLS #469595

 

Fixed Rate Mortgages

Rates Effective Starting: 4/18/2019

Loan to Value Max Amount Max Term APR*
Residential Purchase or Refinance; Primary Residence
Up to 80% $484,350 30 years 4.000%
    20 years 3.875%
    15 years 3.250%

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 302-629-010

*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: 4/18/2019

Type Max Amount Max Term APR*
FHA $484,350 30 years 3.625%
VA  $484,350 30 years 3.500%
USDA  $484,350 30 years 3.500%

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

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.

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: 4/18/2019

Product APR* Term Amount1
Home Equity Variable Rate Line of Credit
(TFCU holds 1st Lien)
Prime Rate; 5.50%
Adjusts Quarterly
Revolving Up to 90% of net** appraised value
       
Home Equity Variable Rate Line of Credit
(1st Lien held elsewhere)
Prime Rate; 5.50%
Adjusts Quarterly
Revolving Up to 80% of net** appraised value; maximum of $100,000.
       
Home Equity Variable Rate 5.200% Up to 20 years Up to 80% of net** appraised value; minimum of $10,000
  5.700% Up to 20 years Up to 90% of net** appraised value; minimum of $10,000

* 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. Additional limitations may apply.