Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

2025 Conforming Loan Limits Update: What Homebuyers Need to Know

2025 Conforming Loan Limits Update: What Homebuyers Need to Know

          What are Conforming Loan Limits? Conforming loan limits refer to the cap on the size of a mortgage loan that Fannie Mae and Freddie Mac can buy or guarantee. These limits are important because they influence the mortgage

Jan 15, 2025 |

Wishing Your Family a Wonderful Holiday Season 🎄🎁 🏡

Wishing Your Family a Wonderful Holiday Season 🎄🎁 🏡

This time of year is great for creating cherished memories with loved ones and enjoying the warmth of home. We hope that your holiday season is filled with laughter, joy, and the special moments that make this season so magical. We Wish you a Merry Christ

Dec 23, 2024 |

Higher Loan Limits for 2025 Announced

Higher Loan Limits for 2025 Announced

Loan limits for 2025 are rising, opening up new possibilities for homebuyers across the nation. These limits, set by the Federal Housing Finance Agency (FHFA), determine how much you can borrow without stepping into jumbo loan territory. This year, they&r

Dec 19, 2024 | Purchasing a Home

2024 Mortgage Market Recap:  Big Shifts, New Challenges, and What’s Next for Borrowers

2024 Mortgage Market Recap: Big Shifts, New Challenges, and What’s Next for Borrowers

                        2024 brought notable developments in the mortgage industry, influenced by advocacy efforts, economic shifts, and evolving regulations. As 2024 wraps up, these changes refl

Dec 18, 2024 |

Non-QM Loans: Flexible Home Financing for Self-Employed & Investors

Non-QM Loans: Flexible Home Financing for Self-Employed & Investors

There are an array of mortgage loans designed to fit the needs of the majority of borrowers. But what if you don't fit into the majority for one reason or another? This is where Non-Qualified Mortgage (Non-QM) loans come into the spotlight. These aren&rsq

Dec 17, 2024 | Purchasing a Home

Getting Ready for Homebuying in 2025

Getting Ready for Homebuying in 2025

              As we head into the New Year, you might be thinking about buying a new home at some point in 2025. Keep in mind, to qualify for a mortgage, your credit profile still matters. Use the tips below to strength

Dec 11, 2024 |

Ready to Fund Your Dreams?

Reach out to our team of local mortgage specialists 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 - apply today to begin.

 

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