Looking for lender in Virginia Beach/Norfolk
#1

Hey everyone
My wife and I are looking to move into a bigger place from our condo. Looking for suggestions on local lenders in the Virginia Beach/Norfolk area. Thanks!
My wife and I are looking to move into a bigger place from our condo. Looking for suggestions on local lenders in the Virginia Beach/Norfolk area. Thanks!

#2
#3
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,824
#4
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,210

Jon Kulak at Trident Home Loans, [email protected]
Southwest pilot. He understands everything about mil and pilot loans. On my first mortgage through them, I just sent him a copy of our CBA and he translated that to the underwriters. Highly recommended.
Southwest pilot. He understands everything about mil and pilot loans. On my first mortgage through them, I just sent him a copy of our CBA and he translated that to the underwriters. Highly recommended.
#5
Gets Weekends Off
Joined APC: Sep 2022
Posts: 679

The above are probably good options.
Alternatively, look for small banks that have relatively few branches and you can talk to someone who has decision making power. Ask if they offer portfolio loans. This means that the bank actually keeps the loan rather than selling it to someone else. It’s kind of a homebuilt vs certificated loan … they can base decisions on engineering and physics and common sense, and not some arbitrary certification rule. The terms will not be as favorable as a standard 30 year mortgage, but they will be much more flexible.
Alternatively, look for small banks that have relatively few branches and you can talk to someone who has decision making power. Ask if they offer portfolio loans. This means that the bank actually keeps the loan rather than selling it to someone else. It’s kind of a homebuilt vs certificated loan … they can base decisions on engineering and physics and common sense, and not some arbitrary certification rule. The terms will not be as favorable as a standard 30 year mortgage, but they will be much more flexible.
#6
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Joined APC: Aug 2010
Position: N/A
Posts: 550

You might look at the American Airlines Credit Union. You don’t have to work for AA. I got my mortgage with them 21 years ago. A nice feature is that you can pay 1% of the outstanding loan balance and they reset your interest rate to the current rates. I did that twice on my mortgage as rates dropped over the years. It is very simple, takes maybe an hour and they send a notary to your house. And it doesn’t change the remaining number of payments. So I still have 9 years years left on my loan, despite lowering the interest rate twice. Obviously they are used to dealing with pilots.
#8
Gets Weekends Off
Joined APC: Feb 2008
Posts: 18,539

You might look at the American Airlines Credit Union. You don’t have to work for AA. I got my mortgage with them 21 years ago. A nice feature is that you can pay 1% of the outstanding loan balance and they reset your interest rate to the current rates. I did that twice on my mortgage as rates dropped over the years. It is very simple, takes maybe an hour and they send a notary to your house. And it doesn’t change the remaining number of payments. So I still have 9 years years left on my loan, despite lowering the interest rate twice. Obviously they are used to dealing with pilots.
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