Tidewater Home Funding

read moreTidewater Home Funding has been serving the Hampton Roads and Northeast North Carolina communities since January 2000. Offices are currently located in Chesapeake, Newport News and Virginia Beach, Virginia. The business is licensed as a mortgage lender in Virginia, North Carolina, and Florida. Loan processors are available in all offices to better serve our licensed mortgage professionals and their clients. Underwriting, closing, funding, investor shipping, and post-closing functions are centralized in Chesapeake corporate location.

read moreConventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Benefits: Lower rate than the 30 or 20 Year Fixed Loans; Pay less interest and pay your home off more quickly.

read moreRefinancing a home mortgage can be a big decision for many homeowners. Your situation and needs change over time so why shouldn't your mortgage? You should take the time to consider the following questions to see if refinancing makes sense for you. Refinancing is an easy way to solve many of your mortgage worries. Getting a lower monthly rate and paying less over the life of your loan just makes sense. At Tidewater Home Funding we're ready to find the right refinancing solution for you. Our staff of refinancing experts will help you evaluate your mortgage needs and draft a refinancing plan that will save you money.

read moreWe will always quote what we term as a par rate - with no origination, no discount. This means there is no fee paid at closing to buy the rate. We will also quote different rates with different costs and provide the comparison for cost vs. Taking something old that is derogatory and making it new again does affect credit score. We should first pull your credit report to see where we are with score. Provided we are good to move forward, we would strongly suggest that you not pay the judgment now - but instead pay it at closing.

read morePre-qualification starts the loan process. Once a lender has gathered information about a borrower's income and debts, a determination can be made as to how much the borrower can pay for a house. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for. In attempting to approve homebuyers for the type and amount of mortgage they want, mortgage companies look at two key factors. Ability to repay the mortgage is verified by your current employment and total income.