Mortgage News

Lending a Hand: Good news for those struggling to qualify for a mortgage

The No. 1 reason so many millennials struggle to buy the first home comes down to the “D” word.  I’m talking about debt and, specifically, a person’s debt in relation to income.  Too often, I see young people turned away because they are burdened by student loans, car payments or other bills that never seem to go away month after month.Turns out, Fannie Mae recognized the same issue. That’s why, starting next Saturday, Fannie Mae plans to lessen its debt-to-income restrictions. Fannie Mae will raise its DTI ceiling from the current 45 percent to 50 perce...

July 22nd, 2017 Lending a Hand: Good news for those struggling to qualify for a mortgage

Farmers Bank Home Mortgage Joins Tidewater Home Funding Family of Lenders

Farmers Bank Home Mortgage, an affiliate of Tidewater Home Funding in Chesapeake, Virginia, welcomes a team of experienced and successful mortgage professionals to the company.  Farmers Bank Home Mortgage provides residential mortgage products and services to the residents of Virginia and North Carolina, with offices in Suffolk and Courtland, Virginia.Ellis F. Wills, NMLS# 421346Farmers Bank Home Mortgage, an affiliate of Tidewater Home Funding, is managed by Vice President & Senior Loan Officer Ellis F. Wills.  Wills is an industry veteran with over 30 years of professional expe...

July 1st, 2017 Farmers Bank Home Mortgage Joins Tidewater Home Funding Family of Lenders

Tidewater Home Funding

Tidewater Home Funding, LLC NMLS# 41552
(www.nmlsconsumeraccess.org).
Equal Housing Lender.

Licensed in Virginia, North Carolina & Florida.

VSCC Bureau of Financial Institutions, P.O. Box 640, Richmond VA 23218-0640, (1-800-552-7945) www.scc.virginia.gov/bfi

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