Business Details
26 Years
experience
Your Trusted Mortgage Partner in Chesapeake, VA
Old Dominion Home Loans has been serving families across Virginia, North Carolina, and Florida since January 2000. As a locally owned mortgage company, we specialize in purchase, refinance, and renovation financing solutions tailored to individual needs. Our critical loan process milestonesincluding processing, underwriting, and closingare completed in-house at our Chesapeake corporate office. With delegated underwriting authority from Virginia Housing, Fannie Mae, Freddie Mac, VA, FHA, and USDA, we combine decades of industry expertise with personalized service.Our team prioritizes transparency, responsiveness, and client education, ensuring clients understand every step of the mortgage journey. We pride ourselves on deep local market knowledge in Hampton Roads, Richmond, and the Outer Banks, empowering clients through informed decision-making. Our commitment to excellence is reflected in our 4.9-star rating from 80+ reviews, highlighting our dedication to client satisfaction and community-focused service.
Services
Conventional Loans
FHA Loans
VA Loans
USDA Loans
Reverse Mortgages
Renovation Loans
Jumbo Loans
Refinance Programs
Details
- Year established: 2000
Highlights and features
- We offer 20+ years of mortgage expertise with local market knowledge.
- Our team provides personalized assistance throughout the loan process.
- We hold delegated underwriting authority from major agencies like VA and FHA.
- We complete critical loan steps in-house for faster, more transparent service.
- Our 4.9-star reviews highlight exceptional client communication and support.
Associations and certifications
- VA
- FHA
- Fannie Mae
- Freddie Mac
- USDA
- Virginia Housing
What people say
Fantastic experience
Knowledgeable and caring
Stress-free process
Prompt communication
Exceptional support
Services
Conventional Loans
Conventional loans offer competitive rates and flexible terms for homebuyers with strong credit profiles. These mortgages are ideal for those seeking fixed or adjustable-rate options without government-backed insurance. Our team guides clients through eligibility requirements, down payment options, and customized rate selection to secure optimal financing solutions.
FHA Loans
FHA loans provide low-down payment options for first-time homebuyers with flexible credit requirements. Insured by the Federal Housing Administration, these mortgages enable broader access to homeownership. We specialize in streamlining FHA loan applications, including the FHA 203(k) renovation program for property improvements.
Reverse Mortgages
Reverse mortgages allow homeowners aged 62+ to convert home equity into tax-free income. These loans provide financial flexibility without monthly payments. Our specialists explain eligibility criteria, payment options, and long-term implications to ensure informed decisions for retirement planning.
Renovation Loans
Renovation loans fund property upgrades through programs like the FHA 203(k) and VA Renovation. These mortgages combine purchase or refinance with repair costs. Our dedicated team assists clients in budgeting projects, selecting contractors, and navigating inspection requirements for seamless home transformation.
VA Loans
VA loans offer zero-down payment options for eligible military service members and veterans. Guaranteed by the U.S. Department of Veterans Affairs, these mortgages feature competitive rates and reduced fees. We provide expert guidance on certificate of eligibility, funding fees, and specialized benefits for military families.
People
Michelle Phillips
Licensed Senior Mortgage Loan Officer
Michelle Phillips brings decades of mortgage expertise to first-time and repeat homebuyers. Known for exceptional communication and client advocacy, she guides clients through pre-approval to closing with personalized support. Her team prioritizes transparency and financial education.
Susanna Thomson
Mortgage Loan Officer
Susanna Thomson specializes in first-time homebuyer education and complex loan scenarios. With deep local market knowledge, she simplifies mortgage processes while maintaining prompt communication. Her professionalism consistently earns client praise.
Gee
Mortgage Advisor
Gee provides end-to-end mortgage guidance with a focus on client preparedness. Her proactive approach ensures seamless transactions, particularly for buyers navigating unique financing challenges. Clients highlight her responsiveness and attention to detail.
Questions
What mortgage programs do you offer?
We offer conventional, FHA, VA, USDA, reverse mortgages, jumbo loans, and renovation financing programs tailored to diverse homeownership needs.
Are you a local lender?
Yes, we're locally owned and operate from Chesapeake, Virginia, with additional offices in Virginia Beach, Newport News, and Manteo, North Carolina.
How do I start the mortgage process?
Begin with a free consultation to discuss your goals, followed by pre-approval to understand your budget and financing options.
Do you offer online application options?
Yes, we provide secure online applications with dedicated support to guide you through each step of the digital process.
What sets you apart from other lenders?
Our in-house processing, local decision-making, and 20+ years of community-focused service ensure personalized, efficient mortgage solutions.
Can I refinance my existing mortgage?
Yes, we offer rate-and-term, cash-out, and streamline refinance options to help clients achieve financial goals through lower rates or improved terms.
