Advance Mortgage

Discover Advance Mortgage

Advance Mortgage is affiliated with Wells Fargo Home Mortgage, a leading originator and servicer of residential mortgages that provides home funding for one out of every eleven homes financed in the United States and services loans for more than five million customers nationwide.

Advance Mortgage is a Virginia Beach based affiliate of Wells Fargo Home Mortgage serving all of Hampton Roads including Virginia Beach, Norfolk, Chesapeake, Newport News, Portsmouth, Suffolk and surrounding areas. Together, Advance Mortgage and Wells Fargo Home Mortgage comprise the largest lender in the Hampton Roads area with fundings of well over $850 million in 2003. Advance Mortgage is a member of the Tidewater Builder's Association, and an affiliate member of the Tidewater Association of Realtors. In addition, Advance Mortgage supports and sponsors many professional and local community activities.

All of Advance's loans are processed, underwritten, and closed locally. This includes conventional, VA, FHA, and Virginia Housing Development Authority (VHDA) loans as Advance has delegated approval authority for all these loan types. In addition, Advance is fully automated regarding the loan application procedure and loan processing as each sales representative is provided a laptop computer to provide our customers the best service possible. Advance's commitment to customer service is second to none as evidenced by our outstanding customer satisfaction rating of 97%!

Advance Mortgage has nine highly qualified, experienced sales professionals to assist you with your mortgage needs. The company offers an extensive product array to resolve many of the challenges routinely encountered in the mortgage business such as no closing costs loans, below market rates using buydowns, no income verification loans, and bridge loans. Advance also offers fully preapproved loans using our "Advance Card". This is a full loan commitment, not just an opinion letter. In addition, the sales professionals at Advance work very closely with many of the top Realtors in Hampton Roads and would welcome the opportunity to refer you.

WELLS FARGO HOME MORTGAGE - Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
(about Wells Fargo Home Mortgage)

Wells Fargo Home Mortgage is the nation's #1 originator (for 2003) and #2 servicer of residential mortgages. Combined, our retail and wholesale lending operations fund about one of every eleven homes financed annually in the United States.

  • Serving all 50 states through more than 1,900 mortgage and Wells Fargo banking stores, and the internet.
  • USA's #1 retail home mortgage lender
  • 4.9 million customers
  • Originations: $470 billion (2003)
  • Servicing: $753 billion (1Q04)
  • USA's #1 lender to ethnic minority homebuyers
  • USA's leading lender to buyers of new homes
  • USA's #1 lender to low- and moderate- income homebuyers
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