We are ready for you!
Start the approval process online, or reach out to us in among the following ways:
Download our Mortgage Simplified app.
- Give us a call - (877) 774-2657.
Schedule a consultation.
- Message us through our secure online type.
Welcome home!
If you are thinking about buying your first home, now is the time. Get everything you want in a home with an affordable no cash down option from TDECU Mortgage. Plus, our expert mortgage loan specialists make it fast and easy with fast closings and valuable guidance every action of the method.
- Competitive rates
- No cash down options1
- Flexible terms for lower monthly payments
- Fast closings
- Special discounts for very first responders, veterans and teachers
You now have every factor to start living your imagine own a home.
Selecting the ideal mortgage for you
One of the most crucial steps in purchasing a home is selecting the ideal mortgage. We provide a variety of TDECU unique loans to fit your distinct requirements.
103% American Dream Mortgage ARM2
An adjustable rate mortgage (ARM) loan with no down payment requirement and an alternative to roll in as much as 3% of the closing costs. Offers a set rate for the very first 7 years of the loan term.
8.63%
8.69%
Easy in 30 Purchase Fixed
A 30-year set rate loan with no downpayment requirements.
7.50%
7.56%
Construction-to-Permanent.
Mortgage
Converts to a permanent mortgage when your home is complete. Interest payments only throughout the construction phase, choice to include lot purchase and one-time closing costs.
30 Year
Term
Conventional loan choices
We likewise provide traditional loans including 30 and 15-year fixed, FHA, and VA loans.
Conforming 30-Year Fixed
This loan type is the most typical, with a set rates of interest and payments topped 30 years. Even if rates increase, your payment will remain the same.
6.50%
APR3
6.59%
Conforming 15-Year Fixed
A fixed-rate loan with payments spread over 15 years. You pay more each month, but you develop equity quickly and invest less in interest over the life of the loan.
5.75%
5.90%
FHA 30-Year Fixed
A loan guaranteed by the Federal Housing Administration for low- to moderate-income home buyers with low deposits and lower credit score requirements.
7.62%
VA 30-Year Fixed
A low-interest rate loan ensured by the Veterans Administration for veterans and active service members. Benefits include unwinded credit requirements, no or low down payment, and no personal mortgage insurance.
6.13%
6.45%
Jumbo 7/1 ARM
An adjustable rate loan to acquire or refinance a luxury home. Also offered as a home equity loan. Offers a fixed rate for the very first 7 years of the loan term.
Interest Rate
8.13%
APR
8.19%
Amount
Starting at $806,501.00
The Home-Buying Process
Let's start with an introduction of the major steps of getting a mortgage.
Compare Rates and Loans
Use our rates chart and calculator tools to determine the finest loan for you.
Get Pre-Qualified
Learn how much you're pre-approved to obtain. Submit the application online and get a choice within days.
Find a Home
Now that you understand just how much you can obtain, start searching for houses in your rate variety.
Submit Application
When you find the right home, submit your loan application. Your pre-qualification is excellent for 90 days.
Tips to prevent paying closing expenses
Closing expenses can be a significant cost on top of your deposit, typically totaling thousands of dollars. These additional costs can include appraisals, assessments, loan processing charges, and title searches. Here are some ways to help you cut down your closing expenses.
Negotiate with the seller
If the seller is encouraged to see the offer go through, you may be able to negotiate with them to pay the closing expenses.
Consult HUD
Your local workplace of Housing and Urban Development might be able to offer support.
Speak to a Mortgage Loan Advisor
Cooperative credit union like TDECU have a series of mortgage alternatives to minimize closing expenses.
What to anticipate when purchasing a home
Ever wonder what occurs in the 1 month in between getting a loan and closing on a home? Download our Home Financing Roadmap to discover what happens during each action of the procedure.
Ready to begin?
We are ready for you! Start the approval procedure online, or reach out to us in one of the following methods:
- Start the application on our Mortgage Simplified app.
- To talk to a mortgage loan advisor, call (877) 774-2657.
- Prefer to discuss in individual? Schedule an appointment.
- Message us through our safe and secure online form.
Credit approval needed.
1 100% funding offered on certain loans. Certain terms might use. TDECU Membership needed. See TDECU for complete details.
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 include taxes and insurance coverage so real payment obligation will be greater. ARMs are variable and the rate may increase after the initial fixed rate period. Certain terms and conditions might apply.
3 APR = Annual Percentage Rate
Prices shown undergo change daily with market conditions. Rate supplied may consist of as much as 1 discount rate point, loan quantity of $350,000, owner-occupied, single-family 1 system residence, 80% loan-to-value, FICO score of 740+, and applicable product loan type( s). Standard origination charges may use. Your actual qualifying rate, APR (interest rate), and term may differ based upon your unique credit rating, integrated loan-to-value portion based on verified and acceptable home value, final loan amount, and other qualifying factors. Rates and terms are subject to change without previous notice; other constraints may apply. Adjustable-Rate Mortgages (ARM) vary, and your rate might increase after the initial fixed-rate period. Terms of repayment example: A $350,000 loan with a 30-year term at 6.715% APR with 20% down payment equals a $1,809.57 regular monthly payment. Taxes and insurance not included, your actual payment responsibility will be higher. Contact TDECU Mortgage for extra information and loan requirements. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Other limitations and limitations use. For extra terms and programs, please call (800) 839-1154 ext. 4614.
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