Tidewater Mortgage Services Rates, Fees & Info
VIRGINIA BEACH, VALEI: 5493005R34FLBMCPWB41
Tax ID: 54-1870627
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Mortgage Data
Review & Overview
Tidewater Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. Tidewater Mortgage Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Virginia Beach, Myrtle Beach, Richmond, Salisbury, and Washington among others. We have data for 92 markets. (Some data included below & more in-depth data is available with an active subscription.)Tidewater Mortgage Services has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tidewater Mortgage Services is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 5/28/23 |
| 30 Year Conventional Refi | 6.61% | 5/28/23 |
| 30 Year Cash-out Refi | 6.87% | 5/28/23 |
| 30 Year FHA Purchase | 7.53% | 5/28/23 |
| 30 Year FHA Refi | 7.23% | 5/28/23 |
| 30 Year VA Purchase | 6.38% | 5/28/23 |
| 30 Year VA Refi | 5.92% | 5/28/23 |
| 30 Year USDA Purchase | 6.89% | 5/28/23 |
| 15 Year Conventional Purchase | 6.17% | 5/28/23 |
| 15 Year Conventional Refi | 6.17% | 5/28/23 |
| 15 Year Cash-out Refi | 6.17% | 5/28/23 |
| 15 Year VA Purchase | 6.42% | 5/28/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Tidewater Mortgage Services Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Tidewater Mortgage Services. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,481Origination Dollar Volume (All Markets)
$663,105,000Awards
TIDEWATER MORTGAGE SERVICES - 2022
TIDEWATER MORTGAGE SERVICES is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Tidewater Mortgage Services's average 30 year fixed mortgage rate was
5.04%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.28%.
Relative Fees (Closing Costs)
Tidewater Mortgage Services's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,170.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 866 | $257,350,000 | $297,171 | $8,032 | 4.96% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 213 | $54,675,000 | $256,690 | $5,822 | 5.28% |
| RICHMOND, VA (FHA|USDA|VA) | 200 | $46,070,000 | $230,350 | $7,590 | 4.91% |
| Outside of Metro Areas | 205 | $46,055,000 | $224,659 | $9,598 | 5.05% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 113 | $29,265,000 | $258,982 | $11,321 | 4.98% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 78 | $28,580,000 | $366,410 | $11,296 | 4.79% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 96 | $26,070,000 | $271,563 | $7,292 | 5.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 57 | $21,975,000 | $385,526 | $8,434 | 4.70% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 96 | $21,970,000 | $228,854 | $7,203 | 4.97% |
| DOVER, DE (FHA|USDA|VA) | 50 | $12,960,000 | $259,200 | $9,858 | 5.08% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 43 | $11,045,000 | $256,860 | $8,427 | 5.04% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 27 | $8,895,000 | $329,444 | $5,393 | 4.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 21 | $7,665,000 | $365,000 | $10,930 | 5.33% |
| Oil City, PA (FHA|USDA|VA) | 51 | $5,985,000 | $117,353 | $5,498 | 5.23% |
| HARRISONBURG, VA (FHA|USDA|VA) | 21 | $5,685,000 | $270,714 | $7,968 | 5.52% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 16 | $5,630,000 | $351,875 | $11,536 | 4.83% |
| ERIE, PA (FHA|USDA|VA) | 38 | $5,600,000 | $147,368 | $5,378 | 4.95% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 24 | $5,440,000 | $226,667 | $8,461 | 5.29% |
| LANCASTER, PA (FHA|USDA|VA) | 20 | $5,010,000 | $250,500 | $7,559 | 5.62% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 22 | $4,620,000 | $210,000 | $7,240 | 4.84% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 19 | $3,415,000 | $179,737 | $5,959 | 5.42% |
| ROANOKE, VA (FHA|USDA|VA) | 11 | $3,155,000 | $286,818 | $10,467 | 4.84% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,940,000 | $367,500 | $6,613 | 4.57% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 12 | $2,810,000 | $234,167 | $6,767 | 5.19% |
| READING, PA (FHA|USDA|VA) | 13 | $2,385,000 | $183,462 | $5,958 | 4.45% |
| Warren, PA (FHA|USDA|VA) | 16 | $2,100,000 | $131,250 | $5,215 | 5.79% |
| GETTYSBURG, PA (FHA|USDA|VA) | 9 | $1,795,000 | $199,444 | $7,611 | 5.33% |
| Elizabeth City, NC (FHA|USDA|VA) | 7 | $1,475,000 | $210,714 | $7,877 | 4.77% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $13,244 | 4.67% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $9,124 | 4.06% |
| Cambridge, MD (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $9,816 | 4.92% |
| LEBANON, PA (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $8,192 | 5.48% |
| STAUNTON, VA (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $6,219 | 5.81% |
| Lumberton, NC (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $8,875 | 4.88% |
| Georgetown, SC (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $4,588 | 4.83% |
| LYNCHBURG, VA (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $8,964 | 4.73% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $6,658 | 5.44% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $13,789 | 5.25% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,489 | 5.56% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,858 | 5.33% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $4,797 | 4.58% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $7,954 | 4.69% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $6,678 | 4.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $9,487 | 5.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $9,498 | 4.00% |
| Danville, VA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $11,406 | 5.29% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $7,050 | 3.81% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $8,360 | 6.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $9,565 | 5.92% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,533 | 3.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,078 | 4.33% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $6,540 | 5.16% |
| Sayre, PA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $7,807 | 5.58% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $6,437 | 4.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $8,833 | 5.44% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,728 | 5.50% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,505 | 5.25% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,107 | 3.75% |
| Selinsgrove, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,035 | 5.38% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,721 | 5.38% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $10,709 | 3.75% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $12,008 | 6.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $10,746 | 5.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,763 | 5.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,814 | 4.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,787 | 4.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,280 | 6.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $14,208 | 6.50% |
| DuBois, PA (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $4,436 | 6.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,553 | 5.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,072 | 5.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,951 | 3.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,160 | 5.25% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,042 | 4.38% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,785 | 4.25% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,267 | 6.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,910 | 4.25% |
| Kinston, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,020 | 5.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,258 | 7.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,617 | 5.13% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,804 | 5.63% |
| Wilson, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,143 | 4.75% |
| Bradford, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,280 | 5.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,391 | 3.50% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,293 | 3.75% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,697 | 5.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,938 | 4.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,556 | 4.88% |
| Meadville, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,017 | 3.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,410 | 6.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,745 | 3.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,664 | 5.75% |
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Product Mix
For 2022, Tidewater Mortgage Services's most frequently originated type of loan was Conventional, with 1,224 originations. Their 2nd most popular type was FHA, with 698 originations.
Loan Reason
For 2022, Tidewater Mortgage Services's most frequently cited loan purpose was Home Purchase, with 2,266 originations. The 2nd most popular reason was Cash Out Refi, with 112 originations.
Loan Duration/Length
For 2022, Tidewater Mortgage Services's most frequently cited loan duration was 30 Year, with 2,388 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
Tidewater Mortgage Services's average total fees were $8,170, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,077 originations.
Interest Rates
During 2022, Tidewater Mortgage Services's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 855 originations.
Loan Sizing
2022 saw Tidewater Mortgage Services place emphasis on $200k-400k loans with 1,321 originations, totaling $374,855,000 in origination value.
Applicant Income
Tidewater Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 756 originations. The second most popular income band? $100k-150k, with 515 originations.
Applicant Debt to Income Ratio
Tidewater Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 364 originations. The next most common DTI ratio? 50-60%, with 329 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.03%
Tidewater Mortgage Services has an average approval rate.
Pick Rate
Approvals leading to origination80.05%
Tidewater Mortgage Services has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,481 | $663,105,000 | $267,273 |