Please note: Rates on this website are normally updated weekly, but mortgage rates fluctuate daily, and sometimes several times within a day. For up-to-the-minute information with no cost or obligation, please consult Lynn Cattafi at Tidewater Mortgage. Lynn Cattafi Senior Mortgage Consultant 302-227-8252 866-800-TIDE toll free 302-228-2627 cell lynn@twmortgage.com 330 Rehoboth Ave, Suite B, Rehoboth Beach, DE 19971 Apply online at: www.tidewatermortgage.com Tidewater Mortgage Services Conforming Loans (up to $417,000) 30yr Fixed 5.375% 0 points 5.00% 1 point 15 Yr Fixed Rate 4.875% 0 points 4.50% 1 point For Condos with less than 25% down payment (or equity if a refi): 30yr Fixed Rate 5.50% 0 points 5.25% 1 point ***We do warrantable and non-warrantable condos*** Long Term Rate Locks Available Lock your rate for up to 12 months while your new home is being built FHA primary residence only, 3.5% down payment 30yr fixed 5.25% 0 points 5.00% 1 point **County Limits for FHA have been raised again** $375,000 in Sussex County $376,250 in Kent County Jumbo (loans over $417,000) (3% Seller contribution allowed; 20% down) 30 Yr Fixed 6.625% 0 points 6.00% 1 point Lot Loans 10% down payment up to $500,000; Payment based on a 20yr fixed 3yr ARM 6.00% w/ 1 point 5yr ARM 6.25% w/ 1 point no time restrictions to build; fully amortize in 20yrs; loan amounts under $250,000 = 1.5 points (seller is allowed to pay points) Manufactured Homes Must be on it’s own land, double-wide, built after 1978 10yr ARM (rate is fixed for 10 yrs) 5.625% 1.5 Points 25yr fixed rate 6.375% 1.5 points *** If it is a PRIMARY RESIDENCE: FHA 5.75% 0 points*** USDA Loans NO MONEY DOWN! NO Monthly PMI! -30yr fixed rate; Must be primary residence -Single family, condo, new manufactured homes are allowed -Income limits and debt-to-income ratio limits apply -Seller may pay closing costs -No money down 5.50% 0 points 5.25% 1 point Lock your loan with Tidewater Mortgage and receive up to $2000 to apply toward your settlement costs or rate buy-down! Co-broke transactions included! Call for details; some restrictions apply. Rates and programs are subject to change without notice; Based on 06/29/2009 rates Rates may vary for different property types, lock terms, or credit scores |