Tidewater Home Funding at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
84th2.8% deniedPricingmedian rate spread over APOR, weight 30%
85th-0.05 ptsProcesswithdrawn + incomplete share, weight 15%
37th14.5%Closing coststotal loan costs ÷ loan amount, weight 10%
40th2.20% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 480 | 411 | 1.5% | 1.7% | 6.25% | $145M |
| 2024 | 376 | 307 | 2.4% | 2.8% | 6.50% | $105M |
| 2025 | 331 | 274 | 2.4% | 2.8% | 6.38% | $91M |
What Tidewater Home Funding lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 12 manufactured homes, 10 investment properties.
Why Tidewater Home Funding denies applications
Primary reason reported for each of the 8 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Tidewater Home Funding
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 139 | 118 | 1.7% |
| $100k – $150k | 63 | 50 | 3.9% |
| $150k – $250k | 79 | 68 | 1.5% |
| Over $250k | 30 | 22 | 4.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 25 | 22 | 4.4% |
| 25–34 | 109 | 93 | 2.1% |
| 35–44 | 70 | 60 | 1.6% |
| 45–54 | 57 | 46 | 2.1% |
| 55–64 | 39 | 28 | 6.7% |
Where Tidewater Home Funding lends
3 states and 52 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 289 | 241 | 2.8% | 6.38% | #166 |
| North Carolina | 39 | 30 | 0.0% | 6.38% | #430 |
Frequently asked questions
Tidewater Home Funding denied 2.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 84th percentile of small mortgage lenders.
The most common reason Tidewater Home Funding gave in 2025 was "other", cited on 37.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Tidewater Home Funding originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was -0.05 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 90% of its applications were for home purchases, 8% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 54% conventional, 21% FHA, 21% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.