Jennifer Modlin Simpson

NMLS # 1849156

757-366-8690

jsimpson@tidewaterhomefunding.com

Jennifer Modlin Simpson Mortgage Loan Originator
Background image for Tidewater Home Funding 41552

Conventional Loan Programs

Typically featuring better rates, terms and/or lower fees than other mortgage loan types.

Hampton Roads Conventional Mortgage Company

A Conventional mortgage loan is not insured by the government unlike a FHA, VA or USDA loan and typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Most Conventional loan programs allow you to purchase, refinance or renovate single-family homes, warrantable condos, planned unit developments (PUD), and 1-4 family residences. It can also be used to finance a primary residence, second home or investment property. The most common Conventional mortgage loans are fixed rate mortgages and adjustable-rate mortgage loans.

 

APPLY TODAY
Random Image

Fixed Rate Home Loans

Featuring loan terms from 5 years to 30 years, with a fixed rate mortgage your interest rate remains the same even if mortgage interest rates increase. If rates fall, you can refinance to a lower rate. Because your interest rate remains the same, your monthly mortgage payment also remains the same making for easy budgeting. 

 

APPLY

Easy-to-Use Mortgage Calculators

Quickly estimate your monthly mortgage payment*

CALCULATORS
Random Image

Variable Rate Home Loans

Adjustable-rate mortgage (ARM) loan programs offer lower initial rates and mortgage payments. A cost-effective solution for prospective homebuyers with short-term mortgage goals, the first number in your ARM program refers to the fixed rate period at the start of the mortgage. The second number in the ARM program references the intervals your rate will be reset following the introductory fixed rate period.

 

APPLY

Sign Up Today for Rate Drop Alerts

Stay informed on the moving market and get alerted when rates drop.

SUBSCRIBE

Frequently Asked Conventional Mortgage Questions

A conventional mortgage is a type of home loan that is not insured or guaranteed by the federal government. Instead, it's backed by private lenders like banks or mortgage companies.

Typically, borrowers with strong credit histories, stable employment, and a sufficient down payment are eligible for a conventional mortgage. Contact your mortgage lender today to review eligibility requirements.

If your down payment is less than 20%, you'll likely be required to pay for private mortgage insurance which protects the mortgage lender in the event of default on the loan.

Conventional mortgages often come in various term options usually ranging from 10 to 30 years.

Yes, conventional loans are available in both fixed-rate and adjustable-rate mortgage (ARM) options.

Conforming loans meet the guidelines set by Fannie Mae and Freddie Mac while non-conforming loans do not. The most common reason for a loan to be non-conforming is that it exceeds the maximum loan limit set by these agencies.

Yes! Conventional mortgages can be refinanced to usually take advantage of lower interest rates or to shorten the loan term.

Background image for Tidewater Home Funding 41552
Background image for Tidewater Home Funding 41552

Your Experience is Our Priority


Your local lending partner, our team strives to exceed your expectations before, during and after the mortgage process.

I had an exceptional experience from the meet and greet to closing.

Catherine

Jennifer was friendly and informative throughout our Mortgage process. She is the BEST!

Allen B

Let Jennifer handle everything.

Scott P

Everything went well. My husband and I’s experience was fantastic. Jennifer was super helpful and explained everything to us that we didn’t understand. She made the process so easy and quick. I never felt confused or didn’t understand anything. Jennifer was always quick to explain
everything and break it down for us. I don’t think we could have made it through the process of buying our home without her!

James and Tracy

Everything was great.

Dalton and Eleanor

It was perfect.

Kristin

The team I was working with were amazing and so Knowledgeable. If they didn’t know the answer they were quick to find it. I would
definitely recommend Jennifer to anyone that is looking to purchase a home especially first time homebuyers because I didn’t know
what I was doing and she got me through every step of the way. Thank you so much for being there.

Cassi

Thank you very much for a smooth and seamless transition. It was great working with you and your staff. Thanks for outstanding
customer service.

John

I was able to ask all of my questions and if I was to forget an answer my loan officer was more than willing to answer them again. I
never had to worry about if something was wrong, and directions were clear through the whole process. I had a wonderful experience overall.

R. Lewis

We are so happy we chose Farmers Bank Home Mortgage to do our refinance. We were very fortunate that we had the opportunity to
work with Jennifer Simpson, who is an amazing loan officer. She went above and beyond every step of the way right up to closing
day. Thank you!

Davis;

Jennifer was the absolute BEST when it came to ALL parts of the mortgage process. As a young, first time home buyer, I had a lot of
questions and uncertainties. Every question I had, she was able to answer. We had a few obstacles to overcome, but Jennifer was
quick to react and never let me stress over it. I have and will continue to refer my friends and family to Jennifer for any future needs.
She is THE BEST!!!

Cole

My experience was great! Jennifer was very professional and very helpful from start to finish.

Amanda

I refinanced my house with Jen then I got qualified to buy my dream beach house and I bought it and couldn’t be any happier with Jen
she was awesome and I will definitely recommend her all day everyday

H. M.

Very satisfied. Jennifer was on point, fast and worked hard to give me the best loan.

Ashley

Everything was great. We loved working with Jennifer. Jennifer was the absolute sweetest. She was always there to answer any questions and never felt like we were bugging her. She made sure we fully understood everything.

Mike and Brooke

Excellent experience honestly. From my first interaction with Jennifer I was treated with respect and was given any information I requested. I was running late on a few documents and Jennifer didn't once get negative or lose her patience. I appreciate the amount of time and respect Farmers and Jennifer gives to it's customers.

S. Sellers

Jennifer made everything nice and smooth. Looking forward to doing more business with Jennifer and send her all the business I can.

H.M.

Jennifer Simpson was excellent! I have already started referring friends. She was great to work with. She was very knowledgeable and guided me through the entire
process. I would highly recommend Farmers Bank!

T, Smith

Jennifer was amazing! She truly made us feel like we were her main priority and our success was her utmost priority. Loved working with her

C and J

Working with Jennifer Simpson thru Farmers Bank has been a great experience. She was always available and was there to answer my 1,000 questions I had. She was very eager to be sure we closed even with all the limitations due to the virus. I would definitely recommend her and Farmers Bank Home Mortgage to anyone. Can not thank her enough!

White

I highly recommend Farmers Bank Home Mortgage. Jennifer Simpson made my home refinance process as simple as possible from start to finish. She kept me updated every step of the way. Thank you, Jennifer for an excellent experience.

Lisa S

After shopping around for a mortgage lender, I decided to go with Farmers Bank Home Mortgage because of Jennifer's exceptional customer service. I truly felt like I was working with a friend that had my best interests in mind

Daniel T

Jennifer made me feel like she cared about helping. I had gone with another company at first. They were promising low rates and no fees. At the nd of their process all the promises disappeared and the fees were triple what Farmers Bank Home Mortgage was.

William E

She goes above and beyond for all of her clients! The best there is!!

Shea J

She is a very hard working young lady!! I can't think of anyone else I would choose to handle my next mortgage loan!!! She has been in the mortgage business for many years and has attained a vast knowledge which will benefit anyone needing her assistance!

Gale B

Background image for Tidewater Home Funding 41552

Contact Us Today for a Free Consultation

Ready to learn more about conventional loan programs? Tidewater Home Funding's team of local experts are here for you.


Uh Oh!

Something went wrong. Please refresh the page and try again or call us at 757-366-8690


PRIVACY POLICY

 

*Not a commitment to lend. Calculation estimates are hypothetical and intended for educational purposes only. Additional fees and costs, such as taxes and insurance, may not be included and may be different based on the loan program. Actual payment obligation may be higher. Loan programs, interest rates, loan terms and conditions are subject to change and may vary based on market conditions and individual circumstances. If refinancing an existing loan, the total finance charges may be higher over the life of the loan. For more information, please consult with one of our licensed loan officers.

 

These materials are not from HUD, VA, or FHA and were not approved by HUD or any other government agency.