Tidemark Federal Credit Union Mortgage Rates, Fees & Info

Seaford, DE

LEI: 5493008G8ZYIEPB4CZ17

Tax ID: 51-0097941

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Tidemark Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Tidemark Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Dover, Philadelphia, and Cambridge among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tidemark Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    71

    Origination Dollar Volume (All Markets)

    $9,805,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    SALISBURY, MD-DE (FHA|USDA|VA) 54 $7,340,000 $135,926 $0 0.00%
    Outside of Metro Areas 9 $1,475,000 $163,889 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 5 $585,000 $117,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    Cambridge, MD (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Tidemark Federal Credit Union's top markets include Salisbury, Dover, Philadelphia, and Cambridge among others.

    Their top states include:
  • Delaware (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $9,805,000 $138,099 $0 0.00%

    For 2020, Tidemark Federal Credit Union's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 44 $5,120,000 $116,364 $0 0.00%
    Home Purchase 21 $4,345,000 $206,905 $0 0.00%
    Home Improvement 6 $340,000 $56,667 $0 0.00%

    For 2020, Tidemark Federal Credit Union's most frequently cited loan purpose was Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $9,805,000 $138,099 $0 0.00%

    For 2020, Tidemark Federal Credit Union's most frequently cited loan duration was Other, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,100,000 $58,333 $0 0.00%
    $200k-400k 18 $4,630,000 $257,222 $0 0.00%
    $100k-200k 15 $2,155,000 $143,667 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%

    2020 saw Tidemark Federal Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $2,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $2,790,000 $139,500 $0 0.00%
    $75k-100k 15 $2,425,000 $161,667 $0 0.00%
    $100k-150k 14 $1,430,000 $102,143 $0 0.00%
    $150k-250k 9 $1,565,000 $173,889 $0 0.00%
    $50k or less 9 $1,035,000 $115,000 $0 0.00%
    $250k+ 4 $560,000 $140,000 $0 0.00%

    Tidemark Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $75k-100k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 71 $9,805,000 $138,099 $0 0.00%

    Tidemark Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 68 $9,320,000 $137,059 $0 0.00%
    Black 3 $485,000 $161,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    71.64%

    Tidemark Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    -15.49%

    Tidemark Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 71 $9,805,000 $138,099

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 71 $9,805,000 $138,099