We are prepared for you!
Start the approval procedure online, or connect to us in one of the following methods:
Download our Mortgage Simplified app.
- Give us a call - (877) 774-2657.
Schedule an appointment.
- Message us through our protected online form.
Welcome home!
If you are considering purchasing your first home, now is the time. Get everything you desire in a home with an affordable no cash down alternative from TDECU Mortgage. Plus, our expert mortgage loan experts make it fast and simple with fast closings and valuable guidance every action of the way.
- Competitive rates
- No cash down options1
- Flexible terms for lower regular monthly payments
- Fast closings
- Special discounts for first responders, veterans and teachers
You now have every factor to start living your dream of home ownership.
Selecting the ideal mortgage for you
Among the most important steps in purchasing a home is picking the right mortgage. We offer a variety of TDECU exclusive loans to fit your distinct requirements.
103% American Dream Mortgage ARM2
An adjustable rate mortgage (ARM) loan with no down payment requirement and an option to roll in up to 3% of the closing costs. Offers a fixed rate for the first 7 years of the loan term.
8.63%
8.69%
Easy in 30 Purchase Fixed
A 30-year set rate loan without any downpayment requirements.
7.50%
7.56%
Construction-to-Permanent.
Mortgage
Converts to a permanent mortgage when your home is total. Interest payments only throughout the building stage, option to include lot purchase and one-time closing expenses.
30 Year
Term
Conventional loan options
We also offer conventional loans consisting of 30 and 15-year repaired, FHA, and VA loans.
Conforming 30-Year Fixed
This loan type is the most common, with a set rates of interest and payments spread out over thirty years. Even if rates rise, your payment will remain the exact same.
6.50%
APR3
6.59%
Conforming 15-Year Fixed
A fixed-rate loan with payments topped 15 years. You pay more each month, but you construct equity quickly and spend less in interest over the life of the loan.
5.75%
5.90%
FHA 30-Year Fixed
A loan insured by the Federal Housing Administration for low- to moderate-income home buyers with low deposits and lower credit report requirements.
7.62%
VA 30-Year Fixed
A low-interest rate loan guaranteed by the Veterans Administration for veterans and active service members. Benefits include relaxed credit requirements, no or low down payment, and no personal mortgage insurance coverage.
6.13%
6.45%
Jumbo 7/1 ARM
An adjustable rate loan to acquire or re-finance a luxury home. Also available as a home equity loan. Offers a fixed rate for the first 7 years of the loan term.
Rate of interest
8.13%
APR
8.19%
Amount
Starting at $806,501.00
The Home-Buying Process
Let's start with an introduction of the significant steps of requesting a mortgage.
Compare Rates and Loans
Use our rates chart and calculator tools to identify the very best loan for you.
Get Pre-Qualified
Discover just how much you're pre-approved to borrow. Complete the application online and get a choice within days.
Find a Home
Now that you know how much you can borrow, start looking for homes in your rate range.
Submit Application
When you find the best home, send your loan application. Your pre-qualification benefits 90 days.
Tips to prevent paying closing costs
Closing costs can be a major cost on top of your down payment, typically totaling countless dollars. These additional costs can consist of appraisals, examinations, loan processing charges, and title searches. Here are some methods to assist you cut down your closing expenses.
Negotiate with the seller
If the seller is encouraged to see the deal go through, you may have the ability to work out with them to pay the closing costs.
Check with HUD
Your local workplace of Housing and Urban Development might be able to provide support.
Talk with a Mortgage Loan Advisor
Credit unions like TDECU have a variety of mortgage choices to decrease closing costs.
What to anticipate when buying a home
Ever wonder what happens in the thirty days between applying for a loan and closing on a home? Download our Home Financing Roadmap to discover what occurs throughout each action of the process.
Ready to begin?
We are all set for you! Start the approval procedure online, or connect to us in among the following ways:
- Start the application on our Mortgage Simplified app.
- To talk to a mortgage loan consultant, call (877) 774-2657.
- Prefer to go over face to face? Schedule a visit.
- Message us through our protected online form.
Credit approval needed.
1 100% funding available on particular loans. Certain terms might use. TDECU Membership needed. See TDECU for complete information.
2 ARM = Adjustable Rate Mortgage. Loans subject to credit approval. Example for a 3.25% APR on a $160,000 loan will require a monthly principal and interest payment of $696.33 for 30 years. Payment does not consist of taxes and insurance coverage so real payment obligation will be greater. ARMs are variable and the rate may increase after the initial set rate period. Certain terms and conditions may use.
3 APR = Interest Rate
Prices revealed go through alter daily with market conditions. Rate provided may consist of approximately 1 discount point, loan quantity of $350,000, owner-occupied, single-family 1 unit house, 80% loan-to-value, FICO score of 740+, and suitable item loan type( s). Standard origination costs might apply. Your actual qualifying rate, APR (yearly portion rate), and term might differ based on your special credit ranking, integrated loan-to-value percentage based upon validated and acceptable home worth, final loan quantity, and other qualifying factors. Rates and terms are subject to alter without previous notification; other restrictions may apply. Adjustable-Rate Mortgages (ARM) vary, and your rate may increase after the original fixed-rate duration. Regards to payment example: A $350,000 loan with a 30-year term at 6.715% APR with 20% down payment equals a $1,809.57 month-to-month payment. Taxes and insurance not included, your actual payment responsibility will be greater. Contact TDECU Mortgage for extra details and loan criteria. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Other constraints and restrictions apply. For extra terms and programs, please call (800) 839-1154 ext. 4614.
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