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Tim Phelps

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757-366-8690 tphelps@tidewaterhomefunding.com


Happy Halloween

Here at Tidewater Home Funding, we'd like to thank all of our customers and partners for sticking with us. We wish you a happy and safe Halloween. Best Wishes, Tidewater Home Funding

October 30th, 2019 | Purchasing a Home, Government Loans, VA Loans, Happy Halloween

Jumbo Loans for Veterans

If you are a veteran or a servicemember, you are probably well aware of VA mortgage loans. These loans offer excellent benefits, including no down payment or credit score requirements as well as allowing borrowers to forgo mortgage insurance premiums.  But what happens if you are looking to buy an expensive property or you live in a pricier area of the country, where home prices exceed the standard VA loan limits? Is it still possible to take advantage of VA mortgage financing? Thankfully, the answer is yes! You can apply for a VA jumbo loan. Jumbo Loan Defined A jumbo loan is for a...

October 24th, 2019 | Purchasing a Home, Government Loans, VA Loans, Jumbo Loans for Veterans

Dipping interest rates help single family home permits surge ahead of predictions.

It’s a numbers game, but it’s one everyone in the real estate and the home building industry watches. While construction of new houses fell more than 9% in September, there is a now a backlog of permits suggesting the dip is simply a brief pause in a real estate market reinvigorated by lower mortgage rates, according to Realtor’s Jacob Passy. He adds that housing starts slid to an annual rate of 1.26 million last month from a revised 1.39 million in August, the government said Thursday, concentrated in new buildings with five units or more that typically get rented. Even t...

October 22nd, 2019 Dipping interest rates help single family home permits surge ahead of predictions.

Pay for a dorm room or buy a condo? Know what your money gets you.

So you’re sending your kid off to college. Hats off. But what about housing? Will they live in a dorm, or is there a better alternative outside of him or her renting a room in a house? According to Bankrate, Janna Herron, many parents bypass university housing or off-campus renting altogether and buy a condo instead — all with the goal of recouping their investment after graduation. The price of housing and meals can vary depending on where you live and what school your child attends. Students at public schools can expect to pay an average of $8,887, and...

October 17th, 2019 Pay for a dorm room or buy a condo? Know what your money gets you.

6 Reasons to Become a Homeowner

Home prices have been on the rise for a while now and news stories abound with first-time homeowners being priced out of the market. As breaking into the housing market seems daunting today, some people may ask themselves if reaching for the goal of homeownership is truly worth it. The answer is yes! And here are the top 6 reasons why: Pay Yourself, Not a Landlord One of the most frustrating parts of renting for many people is the feeling that they could be using their monthly rent costs to invest in their own place rather than giving it away to a landlord. When you buy a home, your mo...

October 16th, 2019 | First-time Homebuyers, Mortgage Advice, Purchasing a Home, 6 Reasons to Become a Homeowner

Visiting Your Childhood Home

Retracing your steps and considering the road you’ve traveled is often a healthy practice. It reassures, it confirms, and it often helps you move forward. But what about ringing the doorbell on a house you used to live in? What emotions should you prepare yourself for? Jerry Burger, PhD, is a professor of psychology at Santa Clara, CA and author of Returning Home: Reconnecting with Our Childhoods. “I was surprised to find that the people who moved around a lot as a child had just as emotional an experience when visiting one of their childhood homes as those who had liv...

October 10th, 2019 Visiting Your Childhood Home

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