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 Home Purchase loans. Tidemark Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Dover, and Philadelphia among others. We have data for 4 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. Tidemark Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    46

    Origination Dollar Volume (All Markets)

    $12,310,000

    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) 42 $11,140,000 $265,238 $5,393 4.84%
    Outside of Metro Areas 2 $560,000 $280,000 $0 3.79%
    DOVER, DE (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.40%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.45%
    Tidemark Federal Credit Union's top markets include Salisbury, Dover, and Philadelphia 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 36 $11,570,000 $321,389 $5,393 4.80%
    HELOC 10 $740,000 $74,000 n/a 5.00%

    For 2022, Tidemark Federal Credit Union's most frequently originated type of loan was Conventional, with 36 originations. Their 2nd most popular type was HELOC, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $10,555,000 $363,966 $5,393 4.75%
    Refi 17 $1,755,000 $103,235 $0 5.00%

    For 2022, Tidemark Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 15 $6,375,000 $425,000 $0 4.02%
    30 Year 14 $4,690,000 $335,000 $5,393 4.75%
    5 Year 12 $870,000 $72,500 $0 4.88%
    20 Year 5 $375,000 $75,000 $0 7.49%

    For 2022, Tidemark Federal Credit Union's most frequently cited loan duration was 30+ year, with 15 originations. The 2nd most popular length was 30 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 14 $6,580,000 $470,000
    $1k-2k 6 $2,160,000 $360,000
    $<1k 5 $375,000 $75,000
    $4k-5k 4 $930,000 $232,500
    $2k-3k 3 $885,000 $295,000
    $3k-4k 2 $510,000 $255,000

    Tidemark Federal Credit Union's average total fees were $5,393, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 14 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 14 $4,050,000 $289,286
    3-4% 12 $2,840,000 $236,667
    5-6% 7 $2,425,000 $346,429
    2.5-3% 4 $1,790,000 $447,500
    6-7% 3 $755,000 $251,667
    7-8% 3 $285,000 $95,000
    Over 8% 3 $165,000 $55,000

    During 2022, Tidemark Federal Credit Union's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 14 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $4,300,000 $307,143 $5,209 4.55%
    $100,000 or less 13 $825,000 $63,462 $0 5.55%
    $100k-200k 8 $1,050,000 $131,250 $0 4.65%
    $400k-600k 8 $3,760,000 $470,000 $0 4.51%
    $600k-1MM 3 $2,375,000 $791,667 $5,577 4.55%

    2022 saw Tidemark Federal Credit Union place emphasis on $200k-400k loans with 14 originations, totaling $4,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 15 $3,825,000 $255,000 $5,577 5.14%
    $100k-150k 11 $2,805,000 $255,000 $0 5.57%
    $75k-100k 10 $1,980,000 $198,000 $5,209 4.64%
    $50k-75k 4 $1,090,000 $272,500 $0 3.60%
    $250k+ 3 $2,095,000 $698,333 $0 4.50%
    $50k or less 3 $515,000 $171,667 $0 3.34%

    Tidemark Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 16 $4,300,000 $268,750 $5,577 4.93%
    20-30% 13 $3,745,000 $288,077 $0 4.41%
    42% 4 $1,940,000 $485,000 $0 4.48%
    <20% 4 $370,000 $92,500 $0 5.52%
    40% 3 $635,000 $211,667 $0 5.18%
    43% 2 $460,000 $230,000 $0 4.50%
    48% 1 $235,000 $235,000 $0 5.35%
    36% 1 $45,000 $45,000 $0 8.10%
    38% 1 $275,000 $275,000 $0 3.08%
    39% 1 $305,000 $305,000 $5,209 5.50%

    Tidemark Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 16 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $10,865,000 $278,590 $5,393 4.86%
    Black 2 $510,000 $255,000 $0 6.33%
    Not provided 3 $485,000 $161,667 $0 4.32%
    American Indian 2 $450,000 $225,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    77.33%

    Tidemark Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.61%

    Tidemark Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 46 $12,310,000 $267,609

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    46 $12,310,000 $267,609

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $170,000 $85,000 $0 3.88%
    40-60% 6 $1,550,000 $258,333 $0 4.14%
    60-80% 10 $4,240,000 $424,000 $0 4.24%
    80-100% 13 $5,275,000 $405,769 $5,393 4.58%
    Under 20% 15 $1,075,000 $71,667 $0 5.88%