Mortgage Rates

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

Adjustable Rate Mortgages

Rates Effective Starting: 8/13/2018

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 & Second Home; Purchase or

No Cash Out Refinance~

Up to 80% $700,000** 30 years 4.000%
Up to 90% $453,100 30 years 4.250%
Up to 100% $250,000 30 years 4.503%

Land Only

Up to 70% $400,000 15 years 4.000%

 

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 4.250%
Up to 90% $453,100 30 years 4.503%
Up to 100% $250,000 30 years 4.750%

Land Only

Up to 70% $400,000 15 years 4.250%

*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 $453,100. Origination fee 1%-$3000 minimum.

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

NMLS #469595

 

Fixed Rate Mortgages

Rates Effective Starting: 8/13/2018

Loan to Value Max Amount Max Term APR*
Residential Purchase or Refinance; Primary Residence
Up to 80% $453,100 30 years 4.750%
    20 years 4.500%
    15 years 4.125%

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 302-629-010

*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

Origination fee 1%; 1% lender credit available with a slight increase in rate.

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

 

Additional Fixed-Rate Mortgage Options

Rates Effective Starting: 8/13/2018

Type Max Amount Max Term APR*
FHA $453,100 30 years 4.375%
VA  $453,100 30 years 4.500%
USDA  $453,100 30 years 4.125%

* 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

5% 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