Business Details
26 Years
experience
Your Trusted Mortgage Partner in Chesapeake, VA
Tidewater Home Funding has been a trusted local mortgage lender since 2000, serving families across Virginia, North Carolina, and Florida. Our company holds delegated underwriting authority with Virginia Housing, Fannie Mae, Freddie Mac, VA, FHA, and USDA, ensuring streamlined loan processes completed in our Chesapeake corporate office. With over two decades of experience, we combine deep local market knowledge with a commitment to personalized service, guiding clients through every step of the homebuying, refinancing, and renovation financing journey.Our team of certified professionals prioritizes transparency, ethical practices, and client education, offering tailored solutions that align with individual financial goals. Recognized for exceptional customer satisfaction, we maintain a 4.9-star rating from 80+ reviews, reflecting our dedication to making homeownership accessible and stress-free.
Services
Conventional Loans
FHA Loans
VA Loans
Refinance Programs
Renovation Loans
Details
- Year established: 2000
Highlights and features
- We offer 20+ years of local mortgage expertise in Hampton Roads and Northeast NC.
- Our team provides personalized guidance through every stage of the loan process.
- We maintain delegated underwriting authority with major agencies for faster approvals.
- Our 4.9-star rating reflects consistent client satisfaction and transparent communication.
- We specialize in tailored solutions for first-time homebuyers and renovation projects.
Associations and certifications
- VA
- FHA
- Fannie Mae
- Freddie Mac
- USDA
- Virginia Housing
What people say
Fantastic experience
Knowledgeable professionals
Stress-free process
Prompt communication
Personalized assistance
Services
Conventional Loans
Conventional loans offer competitive rates and flexible terms for homebuyers with strong credit profiles. These fixed-rate and adjustable-rate mortgages are ideal for purchasing primary residences, investment properties, or second homes. Our experienced loan officers help clients navigate down payment requirements, private mortgage insurance, and closing costs while ensuring compliance with Fannie Mae and Freddie Mac guidelines.
FHA Loans
FHA loans provide low-down payment options for first-time homebuyers and those with moderate credit histories. Backed by the Federal Housing Administration, these mortgages require as little as 3.5% down payment while offering lenient qualification standards. Our team specializes in educating clients about FHA 203(k) renovation programs and mortgage insurance requirements.
VA Loans
VA loans offer zero-down payment financing for eligible military service members, veterans, and surviving spouses. Guaranteed by the U.S. Department of Veterans Affairs, these mortgages feature competitive interest rates and no private mortgage insurance requirements. Our certified specialists provide expert guidance through the VA appraisal process and entitlement verification.
Refinance Programs
Our refinance options help homeowners reduce monthly payments, shorten loan terms, or access home equity. Services include rate-and-term refinancing, cash-out refinancing, and streamline programs for existing VA and FHA borrowers. We analyze current market conditions and client financial situations to determine optimal refinancing strategies.
Renovation Loans
Renovation loans combine purchase or refinance funds with construction financing for property upgrades. Specializing in FHA 203(k) and conventional renovation programs, we support projects ranging from kitchen remodels to major structural repairs. Our dedicated team coordinates with contractors and manages disbursement schedules for seamless project completion.
People
Michelle Phillips
Licensed Senior Mortgage Loan Officer
With 20+ years of experience, Michelle Phillips specializes in first-time homebuyer programs and refinancing solutions. She maintains a 4.9-star client satisfaction rating for her transparent communication and personalized guidance through complex loan processes.
Susanna Thomson
Mortgage Loan Officer
Susanna Thomson brings expertise in new construction financing and renovation loans. Clients praise her prompt communication and ability to explain complex mortgage concepts clearly, earning her recognition as a top-performing loan officer.
Gee
Loan Processing Manager
As lead loan processor, Gee oversees document verification and underwriting coordination. Her team's efficiency in handling high-volume transactions has contributed to the company's 98% on-time closing rate across Virginia and North Carolina markets.
Questions
What loan programs do you offer for first-time homebuyers?
We offer FHA loans with low down payments, VA loans for veterans, and conventional programs with down payment assistance options tailored for first-time buyers.
Can I refinance my existing mortgage?
Yes, we provide rate-and-term refinancing, cash-out options, and streamline programs to help homeowners reduce payments or access equity.
Do you offer renovation financing options?
We specialize in FHA 203(k) loans and conventional renovation programs for home improvement projects during purchase or refinancing.
How quickly can you process a mortgage application?
Our average loan processing time is 30-45 days, with expedited options available for qualified borrowers using our digital document verification system.
Are you licensed to operate outside Virginia?
We are fully licensed mortgage lenders in Virginia, North Carolina, and Florida, serving clients across these states with local market expertise.
What sets you apart from other mortgage companies?
Our locally-based team combines 20+ years of experience with delegated underwriting authority, enabling faster decisions and personalized service that national banks can't match.
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