Congratulations and THANK YOU Mary Beth Marshall. Celebrating 16 years with the Tidewater Home Funding family this December. A truly exceptional mortgage professional.
December 4th, 2017 Marshall Celebrates 16 Years With Tidewater Home Funding
"The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017." - 11/28/2017For more information... https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Maximum-Conforming-Loan-Limits-for-2018.aspx
November 28th, 2017 Fannie Mae and Freddie Mac Announces Maximum Conforming Loan Limits for 2018
Does the holiday season have you stressed? And do you also have plans to buy a new home during the holidays or the early part of 2018?Fear not. My column is here to make the homebuying process a breeze – despite the craziness that comes with all the comings and goings of the holidays. 1. BudgetHow much “house” can you afford? Keep in mind the money you plan to spend on holiday gifts, but also think about the mortgage payment you can handle month over month. Once you have a budget in mind, you can then begin to explore homes in the proper price range.“Doing your own...
November 25th, 2017 Buying a house over the holidays? Don't sweat it.
Sion Carr joins Farmers Bank Home Mortgage, an affiliate of Tidewater Home Funding, as a loan officer in Courtland, Virginia. Carr brings over twenty years of mortgage lending experience to his team and the Hampton Roads community, from Isle of Wight county to Virginia Beach. Carr’s current and previous community involvement includes board positions with Franklin Baptist Church, Cypress Cove Country Club, Franklin Southampton United Way and Franklin YMCA. A graduate of Barton College, Carr has a Bachelor of Science degree in Business Administration.
November 8th, 2017 Farmers Bank Home Mortgage Welcomes Sion Carr
The Virginian-Pilot, October 28, 2017Ready for two interesting statistics?According to Zillow, 20 percent of homebuyers today receive a monetary gift or loan from family or friends. As well, nearly one-quarter (24 percent) of buyers combine two or more sources to finance their down payment.Translation: Millennials often need financial assistance from their parents to buy a first home. First, I think it’s tremendous to see so many young adults moving ahead with homeownership. It’s great for our local economy and helps to ensure that smart, motivated millennials stay here in Ham...
October 30th, 2017 For Many Millennials, Parents are a Lifeline for Buying a House
The Virginian-Pilot, September 30 - THANKS TO FACTORS like student debt and tougher rules for homebuying in a post-housing bubble economy, millennials have struggled mightily to buy their first homes.I have seen it with my millennial clients time and again. Sometimes the smallest blemish on someone’s financial record is the reason they can’t qualify for a home.Fortunately, the Virginia Housing Development Authority has recognized the downward trend and taken steps to make it easier for first-time homebuyers to obtain a VHDA mortgage. On Sept. 1, the VHDA made several announcements ...