Conforming Loans (up to $417,000)
30yr Fixed 5.125% 0 points 4.875% 1 point
15 Yr Fixed Rate 4.625% 0 points 4.375% 1 point
**Standard 5/1 ARM 3.875% 0 points 3.625% 1 point **
For Condos with less than 25% down payment:
30yr Fixed Rate 5.375% 0 points 5.125% 1 point
***We can 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
5.00% 0 points 4.75% 1 point
**County Limits for FHA**
$375,000 in Sussex County $376,250 in Kent County
***Jumbo (loans over $417,000) ***
30 Yr Fixed 6.375% 0 points 5.875% 1 point
Standard 7/1 ARM 5.75% 0 points 5.125% 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
*** PRIMARY RESIDENCE: FHA 5.375% 0 points***
2nd Home: 10yr ARM (30yr rate; fixed for 10 yrs) 5.625% 1.5 Points
Or 25yr fixed rate 6.375% 1.5 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
5.00% 0 points
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
Rates and programs are subject to change without notice; Based on
