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 Home Purchase and Refi loans. Tidemark Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Dover, Philadelphia, Easton, and Baltimore among others. We have data for 7 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% | 11/21/24 |
| 30 Year Conventional Purchase | 6.78% | 11/21/24 |
| 30 Year Conventional Refi | 6.97% | 11/21/24 |
| 30 Year FHA Purchase | 8.11% | 11/21/24 |
| 30 Year VA Refi | 6.27% | 11/21/24 |
| 30 Year USDA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 5.68% | 11/21/24 |
| 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
111Origination Dollar Volume (All Markets)
$29,425,000Top 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) | 76 | $18,160,000 | $238,947 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $6,285,000 | $369,706 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 13 | $3,045,000 | $234,231 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 111 | $29,425,000 | $265,090 | $0 | 0.00% |
For 2021, Tidemark Federal Credit Union's most frequently originated type of loan was Conventional, with 111 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 61 | $21,235,000 | $348,115 | $0 | 0.00% |
| Refi | 49 | $7,885,000 | $160,918 | $0 | 0.00% |
| Cash Out Refi | 1 | $305,000 | $305,000 | $0 | 0.00% |
For 2021, Tidemark Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Refi, with 49 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 111 | $29,425,000 | $265,090 | $0 | 0.00% |
For 2021, Tidemark Federal Credit Union's most frequently cited loan duration was Other, with 111 originations.
Loan Sizing
2021 saw Tidemark Federal Credit Union place emphasis on $200k-400k loans with 55 originations, totaling $16,235,000 in origination value.
Applicant Income
Tidemark Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $150k-250k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 111 | $29,425,000 | $265,090 | $0 | 0.00% |
Tidemark Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 111 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.64%
Tidemark Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination63.96%
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 | 111 | $29,425,000 | $265,090 |