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VA Loan Programs

A mortgage loan program that serves those who have served our country.

VA Home Loan Financing Options in Virginia

The VA loan program is crafted to assist America's heroes in realizing their dream of homeownership. As a trusted mortgage company in Hampton Roads with a rich history of supporting our military families, we are here to help you navigate the nuances, ensuring you capitalize on its many benefits during your path towards homeownership. Tidewater Home Funding remains steadfast in guiding eligible candidates through every phase of the VA loan application process, fostering the transformation of homeownership dreams into reality. 



What is a VA Loan?

The VA loan program, a special program through the U.S. Department of Veterans Affairs, is designed to facilitate a smoother and more accessible home buying experience for our nation's veterans, active-duty service members, and military spouses. Already have a VA loan? Our dedicated team at Tidewater Home Funding is just a call away to help you explore possibilities like VA Streamline Refinance, leveraging our approved delegated underwriting authority with the VA.

Simplifying VA Mortgage Loan Programs

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VA Home Loan Benefits

Our team is committed to supporting our military community by helping you obtain your dream of homeownership. Some benefits a VA mortgage loan program offers includes:



Mortgage Calculators

Explore our user-friendly mortgage calculators and get a jump-start on the homebuying process*

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What are the Requirements for VA Loans?

As a rule of thumb, almost all Active Duty or honorably discharged service members are eligible for a VA mortgage loan. You may be eligible for a VA loan if any one of these statements describe you:



Start Your Loan Application, Today

Quickly start your path towards homeownership with our online loan application.

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What is a VA Funding Fee?

Required by the Department of Veteran's Affairs (VA), a VA Funding Fee is a fee paid directly to the VA so they can guarantee your mortgage loan and provide you with the opportunity to receive a loan at little to no money out of pocket.


How Much is the VA Funding Fee? The amount varies on several factors including if you are Active Duty, Retired, Guard or Reserve, and whether this is your first-time use, subsequent use, or a cash-out refinance as well as how much your down payment is. The fee can range from 1.250% - 3.300% of the loan. Typically, the greater your down payment, the lower the VA Funding Fee is. Please contact our team so we may help you determine the exact cost of the feee in your unique scenario.


Do I Have to Pay the VA Funding Fee? You do not have to pay the fee out of pocket. You can include the VA Funding Fee within your loan amount and pay the fee over the term of your loan.


Do I Still Have to Pay Other Normal Closing Costs? While you still need to pay for typical closing costs such as the appraisal, title, and escrows, with a VA loan, if you are purchasing a new home the seller can pay for all or part of your closing costs.


What is a VA Streamline Refinance? If you already have a VA mortgage and want to lower your interest rate with little to no out of pocket closing costs, a VA Streamline refinance option is available. You do not need to provide bank statements, W2s, job verifications, or paychecks.


Frequently Asked VA Loan Questions

A VA loan is a type of mortgage loan available in the United States that is guaranteed by the United States Department of Veterans Affairs (VA). It is designed specifically for American military veterans, active-duty service members, and eligible spouses.

A VA loan comes with several significant benefits, including no private mortgage insurance (PMI) requirement, potentially lower interest rates, and more lenient credit score requirements compared to other loan types.

Yes, a VA loan can only be used to buy a primary residence and not for investment properties or vacation homes. The property also needs to meet specific VA minimum property requirements, which your mortgage lender can detail for you.

The VA funding fee is a one-time payment to the VA to help sustain the loan program. The amount of the fee varies based on your type of service and the amount of your down payment. 

Yes, one of the benefits of a VA loan is its more lenient credit requirements compared to other types of loans. While the VA doesn't set a minimum credit score, most lenders typically look for a score of 620 or higher.

Yes, your VA loan benefits can be reused if you have paid off your previous VA loan and no longer own the property. In some cases, you might be able to reuse your benefits even if you haven't sold your previous home.

Yes, you can refinance a VA loan to potentially obtain a lower interest rate or switch from an adjustable-rate mortgage to a fixed-rate mortgage.

To obtain a VA loan, you first need to get a Certificate of Eligibility (COE) through the VA. Once you have the COE, you can apply for a VA loan through a VA-approved lender, like Tidewater Home Funding, who will help you with the remainder of the process, including the property appraisal and underwriting of the loan.

Yes, VA loans do not have a prepayment penalty, meaning you can pay off your loan earlier than the agreed term without incurring additional charges. This can save you interest over the life of the loan.

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Your Experience is Our Priority

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

Gee came recommended from my real estate agent and I'm glad I reached out. Tidewater was able to provide a loan that was far and away the best available, nearly a full point lower than the best rate from one of the major national lenders at the time. Gee and her team were knowledgeable and professional every step of the way. I was also impressed at how prompt they were in communication. This made navigating a few interesting situations that arose during my purchase much easier.
If I find myself in the market for another loan in the area, I will absolutely be reaching out to Gee again.


Working with Michelle Phillips was easy because she has great communication and knowledgeable on everything. All around 5 stars

Ilia Walker-Randall

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


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.


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.


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


Michelle Phillips was very hands on from the beginning to the end. This was our second house we bought with her assistance and both times they were stress free. Whenever I had a question and reached out to her she was quick to respond. The whole office is full of hard friendly workers. In my opinion they’re the best.

Mark Skyles

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!


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!!!


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


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.


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.


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!


Paul Branch and Farmers Bank took great care of me and quickly found a loan and great rate to meet my needs. They were very personable and easy to work with. Best home loan experience I've ever had!

Lauren S

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

Paul was absolutely great to work with. He was extremely Clear, thorough and patient as he guided us through the process. He was also very timely and worked hard to make sure everything was ready to go before closing. Thank You so much.


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

Deb Olmstead at Tidewater Home Funding is prompt, professional, and personable. She went out of her way to make sure everything was as
smooth as silk.


Closing went awesome and smooth as can be.. Thank you so much for the basket of goodies.. Between you guys and Martha we were spoiled.. Just got water n power on and believe it or not half of the house is packed and moved to the new house already..  We were very blessed to have had you as our loan officer and doesn't hurt that you have an awesome staff like Linda  and all..  Thank you thank you so much again Paul for being so patient and considerate you have made our dreams of being home owners true.

Mrs. W

Good experience. Enjoyed working with Paul.

J. Foshee

We first applied for a loan at our financial institution. The experience with them was horrible, we felt like we were nobody to them. So down the road we went. Found Paul Branch as a recommendation from a friend. Our lives changed. Paul sat down and explained everything to us like he was a very good friend. Huh? We were not used to this considering what we just had experienced. When we had a question and left a message he promptly called us back. To our surprise Paul helped us get the very best interest rate, better than our bank!! If I know anyone looking for a loan I know who to send them to. HAD TO DO IT!

Barbara H.

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Contact Our Team

Reach out to our team of local mortgage loan officers and take the initial step towards homeownership. Our team is ready to assist you throughout the process, offering you the necessary information and guidance to help you make informed decisions for your unique needs. Don't delay any longer - contact our team today.

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*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.