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 small mortgage company specializing in Home Purchase and Refi 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, Washington, Raleigh, Richmond, and Harrisburg among others. We have data for 87 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% | 12/2/24 |
| 30 Year Conventional Refi | 6.61% | 12/2/24 |
| 30 Year Cash-out Refi | 6.87% | 12/2/24 |
| 30 Year FHA Purchase | 7.53% | 12/2/24 |
| 30 Year FHA Refi | 7.23% | 12/2/24 |
| 30 Year VA Purchase | 6.38% | 12/2/24 |
| 30 Year VA Refi | 5.92% | 12/2/24 |
| 30 Year USDA Purchase | 6.89% | 12/2/24 |
| 15 Year Conventional Purchase | 6.17% | 12/2/24 |
| 15 Year Conventional Refi | 6.17% | 12/2/24 |
| 15 Year Cash-out Refi | 6.17% | 12/2/24 |
| 15 Year VA Purchase | 6.42% | 12/2/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,248Origination Dollar Volume (All Markets)
$1,299,370,000Awards
TIDEWATER MORTGAGE SERVICES - 2020
TIDEWATER MORTGAGE SERVICES is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 2,744 | $718,160,000 | $261,720 | $5,493 | 3.12% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 183 | $64,125,000 | $350,410 | $6,251 | 3.08% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 194 | $59,350,000 | $305,928 | $3,748 | 3.17% |
| RICHMOND, VA (FHA|USDA|VA) | 268 | $54,030,000 | $201,604 | $5,425 | 3.20% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 206 | $43,500,000 | $211,165 | $6,034 | 3.08% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 121 | $41,975,000 | $346,901 | $5,441 | 3.11% |
| Outside of Metro Areas | 209 | $40,035,000 | $191,555 | $6,051 | 3.23% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 138 | $31,320,000 | $226,957 | $5,281 | 3.35% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 135 | $30,285,000 | $224,333 | $4,102 | 3.10% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 127 | $27,365,000 | $215,472 | $7,428 | 3.51% |
| ERIE, PA (FHA|USDA|VA) | 156 | $22,030,000 | $141,218 | $5,108 | 3.23% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 78 | $21,330,000 | $273,462 | $5,642 | 3.19% |
| Elizabeth City, NC (FHA|USDA|VA) | 72 | $14,900,000 | $206,944 | $5,457 | 2.95% |
| DOVER, DE (FHA|USDA|VA) | 61 | $13,865,000 | $227,295 | $6,949 | 3.27% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 55 | $11,415,000 | $207,545 | $4,705 | 3.10% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 49 | $10,565,000 | $215,612 | $5,754 | 2.98% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 49 | $9,165,000 | $187,041 | $6,483 | 3.07% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 27 | $7,485,000 | $277,222 | $5,197 | 3.18% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 38 | $7,430,000 | $195,526 | $5,048 | 3.28% |
| GETTYSBURG, PA (FHA|USDA|VA) | 21 | $4,575,000 | $217,857 | $5,484 | 2.99% |
| Oil City, PA (FHA|USDA|VA) | 38 | $4,190,000 | $110,263 | $4,877 | 3.20% |
| READING, PA (FHA|USDA|VA) | 19 | $3,575,000 | $188,158 | $4,909 | 3.09% |
| LEBANON, PA (FHA|USDA|VA) | 12 | $3,150,000 | $262,500 | $5,728 | 3.00% |
| LANCASTER, PA (FHA|USDA|VA) | 15 | $2,945,000 | $196,333 | $4,374 | 2.98% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $2,715,000 | $301,667 | $6,020 | 3.21% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 9 | $2,445,000 | $271,667 | $4,670 | 3.10% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 8 | $2,400,000 | $300,000 | $3,041 | 3.30% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $2,185,000 | $312,143 | $5,212 | 3.27% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $2,145,000 | $238,333 | $5,840 | 3.21% |
| Warren, PA (FHA|USDA|VA) | 18 | $2,110,000 | $117,222 | $4,622 | 2.95% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 7 | $1,825,000 | $260,714 | $5,319 | 3.02% |
| Cambridge, MD (FHA|USDA|VA) | 8 | $1,650,000 | $206,250 | $7,290 | 3.02% |
| COLUMBUS, OH (FHA|USDA|VA) | 9 | $1,585,000 | $176,111 | $4,376 | 3.79% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 6 | $1,570,000 | $261,667 | $8,641 | 2.92% |
| ROANOKE, VA (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $3,778 | 2.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $4,999 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $3,933 | 2.98% |
| SAVANNAH, GA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $8,119 | 3.30% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $6,814 | 3.08% |
| LYNCHBURG, VA (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $7,601 | 3.17% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $4,036 | 3.10% |
| Meadville, PA (FHA|USDA|VA) | 10 | $1,200,000 | $120,000 | $4,376 | 3.13% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 8 | $1,180,000 | $147,500 | $5,219 | 3.30% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $8,530 | 2.50% |
| Easton, MD (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $7,337 | 3.08% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $3,968 | 2.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $3,658 | 2.96% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $4,673 | 2.75% |
| HARRISONBURG, VA (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $2,847 | 2.94% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $3,476 | 2.92% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $4,467 | 3.08% |
| DuBois, PA (FHA|USDA|VA) | 7 | $835,000 | $119,286 | $4,312 | 3.18% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,637 | 2.54% |
| Georgetown, SC (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $5,351 | 2.67% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $8,041 | 2.88% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,806 | 3.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $5,114 | 3.04% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,333 | 3.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $12,148 | 2.75% |
| Sayre, PA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,192 | 3.19% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,274 | 2.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,046 | 2.88% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,315 | 3.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,493 | 3.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,419 | 2.75% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,340 | 3.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,992 | 3.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,905 | 2.81% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,152 | 2.50% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,568 | 2.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,754 | 2.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,209 | 3.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,464 | 3.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,215 | 3.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,033 | 2.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,490 | 3.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,889 | 2.63% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,832 | 3.31% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,145 | 4.75% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,789 | 2.88% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,368 | 2.50% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,470 | 2.88% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,411 | 2.75% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,823 | 3.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,220 | 2.38% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,470 | 3.25% |
| Bradford, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $5,011 | 3.75% |
Similar Lenders
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Product Mix
For 2020, Tidewater Mortgage Services's most frequently originated type of loan was Conventional, with 2,717 originations. Their 2nd most popular type was VA, with 1,325 originations.
Loan Reason
For 2020, Tidewater Mortgage Services's most frequently cited loan purpose was Home Purchase, with 3,231 originations. The 2nd most popular reason was Refi, with 1,641 originations.
Loan Duration/Length
For 2020, Tidewater Mortgage Services's most frequently cited loan duration was 30 Year, with 4,836 originations. The 2nd most popular length was 15 Year, with 245 originations.
Origination Fees/Closing Costs
Tidewater Mortgage Services's average total fees were $5,640, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,004 originations.
Interest Rates
During 2020, Tidewater Mortgage Services's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 2,206 originations.
Loan Sizing
2020 saw Tidewater Mortgage Services place emphasis on $200k-400k loans with 2,788 originations, totaling $782,450,000 in origination value.
Applicant Income
Tidewater Mortgage Services lent most frequently to those with incomes in the $50k or less range, with 1,429 originations. The second most popular income band? $50k-75k, with 1,386 originations.
Applicant Debt to Income Ratio
Tidewater Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 955 originations. The next most common DTI ratio? 30-36%, with 870 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.89%
Tidewater Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.16%
Tidewater Mortgage Services has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,248 | $1,299,370,000 | $247,593 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 105 | $18,215,000 | $173,476 |
| Single Family (1-4 Units):Site-Built | 5,143 | $1,281,155,000 | $249,107 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TIDEWATER MORTGAGE SERVICES | VA mortgage | Trouble during payment process | 1 | 100.0% |