Virginia Beach Mortgage Loan Originator

Mortgage Loan Originator Serving Virginia Beach, VA

Andrew Baker · NMLS 2688601 · (949) 565-2705

Is there a minimum credit score for a home loan in Virginia Beach?

There is no single minimum — it depends on the program. FHA loans generally start around a 580 score with 3.5% down, and conventional loans typically ask for more. VA sets no minimum score, though individual lenders apply their own overlays. Because Baker Lending works with 175+ wholesale lenders, Virginia Beach borrowers have more than one guideline set to work with.

How much is the down payment on a home in Virginia Beach?

That depends on the program. Conventional financing can go as low as 3% down, FHA requires 3.5%, and eligible veterans can use a VA loan with no down payment at all. Jumbo financing on higher-priced the Virginia Beach area properties generally requires more. Closing costs are separate from the down payment.

Can I get a mortgage in Virginia Beach if I'm self-employed?

Yes. Self-employed buyers in Virginia Beach whose tax returns do not show enough qualifying income can often use a bank statement loan, which qualifies you on 12 to 24 months of business or personal deposits instead. Investors buying rentals can use a DSCR loan, which qualifies on the property's rental income rather than personal income.

What is the typical closing timeline in Virginia Beach, VA?

Most purchase loans in Virginia Beach close in about 21 to 30 days from a complete application. The timeline depends on appraisal turn times in the Virginia Beach area, how quickly income and asset documents come back, and the dates written into your purchase contract. Refinances often run a little longer, since no contract deadline is driving the file.

Which mortgage programs do you offer in Virginia Beach?

Baker Lending originates conventional, FHA, VA, jumbo, HELOC and home equity, HEI/HEA, reverse, DSCR investor, and bank statement loans throughout Virginia Beach and the rest of Virginia. The 2026 conforming loan limit is $832,750 in most counties and higher in designated high-cost counties; anything above your county's limit is financed as a jumbo loan.