Tidemark Federal Credit Union Mortgage Rates, Fees & Info
Seaford, DELEI: 5493008G8ZYIEPB4CZ17
Tax ID: 51-0097941
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Mortgage Data
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.64% | 11/22/24 |
| 30 Year Conventional Purchase | 6.78% | 11/22/24 |
| 30 Year Conventional Refi | 6.97% | 11/22/24 |
| 30 Year FHA Purchase | 8.11% | 11/22/24 |
| 30 Year VA Refi | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Refi | 5.68% | 11/22/24 |
| 15 Year Cash-out Refi | 5.68% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Tidemark Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
71Origination Dollar Volume (All Markets)
$9,805,000Top 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% |
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
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
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 applications71.64%
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 |