Recommended lender
All of our customers are encouraged to choose the mortgage lenders who are most suitable for their wants, needs, and specific situation. Tidewater Home Funding is the company that have been working with us for years - we believe their experience and extensive knowledge they pair with impeccable customer service provide satisfactory results for the customers at all times.
Tidewater Home Funding has been serving the Hampton Roads 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 clients. Underwriting, closing, funding, and post-closing functions are centralized in Chesapeake corporate location. Tidewater Home Funding has approved delegated underwriting authority with VA, FHA, FNMA, FHLMC, VHDA, and USDA.
Tidewater Home Funding and our affiliated lenders, Benchmark Mortgage Companies and Farmers Bank Home Mortgage, are proud to serve families in Virginia, North Carolina and Florida. Founded in 2000, Tidewater Home Funding has offices serving customers throughout South Hampton Roads, the Virginia Peninsula and Northeast North Carolina. Benchmark Mortgage Companies, an affiliate of Tidewater Home Funding, serving customers throughout the Greater Richmond region, Waynesboro and western Virginia. Farmers Bank Home Mortgage, an affiliate of Tidewater Home Funding, serving customers throughout Southern Virginia and Northeast North Carolina, including Suffolk and Isle of Wight County.
Our loan programs include
Conventional
Traditional loan programs that usually require at least 5% down and offer competitive interest rates. Documentation and good credit are necessary.
VA Mortgages
Backed by the U.S. Department of Veterans Affairs, it is similar to FHA except that you have to be a qualified Veteran or military person. The Department of Veterans Affairs does not directly originate VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgages offered and insure VA loans against default.
FHA Mortgages
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to make as little as 3% down payment – and they can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs in certain situations.
VHDA Mortgages
VHDA offers a variety of home loan options designed to meet the needs of Virginia's homebuyers.
USDA Programs
No Down Payment Required. The USDA program allows buyers to purchase homes for 100% of the appraised value of the property. The difference between appraisal and purchase price are to be used toward closing costs.
If you have any trouble deciding which mortgage lender is the one you’d like to work with, here’s our short guide to help you out: Finding a lender
