Mortgage Lenders in Virginia

Find the best Virginia mortgage company to fit your needs and budget
By John Fuller Mortgage brokers in Virginia can help you secure the best home loan possible from a variety of mortgage companies. Finding a mortgage lending company in Virginia that offers the best terms and options can be time-consuming. Virginia mortgage brokers can help you save time in your search for financially attractive mortgage loans.
 

Mortgage brokers have the experience and connections to examine thousands of different deals from Virginia mortgage companies, whether you’re hunting for a summer house in Virginia Beach, a condo in Arlington or a ranch outside Richmond. When hiring mortgage brokers in Virginia, look for a professional who has a keen understanding of the residential market in your particular area.

To find the best mortgage lenders in Virginia for you:

1. Make sure you're working with reputable mortgage companies in Virginia by checking records with government and better-business groups.
2. Start your search for lenders and mortgage brokers in Virginia online and compare rates and terms on a variety of websites.
3. Don't limit yourself to Virginia-based lenders or brokers. National loan originators and brokers may offer the best terms on Virginia mortgage loans.

Search local Virginia mortgage brokers and lenders associations

Virginia mortgage lenders associations and mortgage brokers associations can help you find professionals who understand the local housing market.
Try: The Virginia Housing Development Authority has links to mortgage lenders who participate in their affordable housing program. The Tidewater Mortgage Bankers Association has an online membership directory.

Consider local and regional banks for Virginia mortgage loans

Local and regional banks are some of the most common mortgage lenders in Virginia.
Try: To find banks that are mortgage lenders in Virginia, search LocalLender.info, USCITY.net, Virginialoans.com, or Mortgage-X.com.

Use online sources for Virginia mortgage companies

Numerous online sources can help you shop for the best mortgage lenders in Virginia.
Try: MortgageLoan.com lets you search their list of Virginia mortgage brokers and lenders by city. Many Virginia mortgage companies and brokers are listed online, such as Coastal Realty, Old Dominion Mortgage and Olympic Bancorp Mortgage.

Work with national mortgage lenders

Many national mortgage brokers and lenders offer Virginia mortgage loans that may be right for you.
Try: Consider national lenders, such as GMAC Mortgage or Wachovia, or check out Equifax, which offers a nationwide mortgage referral service. Veterans may qualify for a loan through the VA Mortgage Center.com or USAA.com, where you can get pre-approved for Virginia mortgage loans. 

Check with legal authorities about mortgage companies in Virginia

Make sure the Virginia mortgage lenders or mortgage brokers you're considering are trustworthy and haven't been reported by borrowers for shady business practices.
Try: Vetting mortgage lenders and brokers at the Better Business Bureau of Central Virginia, the BBB of Southeastern Virginia and Northeastern North Carolina, and the BBB of Western Virginia. The Virginia State Corporation Commission Bureau of Financial Institutions provides a list of licensed brokers and lenders.

Find out what local experts are saying about mortgage companies in Virginia

Local real estate experts, including your own real estate agent, can provide information on Virginia mortgage brokers, lenders and other tips on the market for house hunters.
Try: Certified mortgage planner Ben Borden’s The Virginia Mortgage Report tracks interest rates and other trends that house hunters in the Old Dominion need to know about. To keep up with the market in Charlottesville and central Virginia, realtor/broker Karen J. Kehoe’s blog is a good place to start, as is Frank Llosa’s FranklyRealty.com Your realtor is also a good source of info on the market; find one at the Virginia Association of Realtors.

• Mortgage companies in Virginia should be familiar with Virginia fees and should have a network of local appraisers and title companies to make the process go more smoothly.
• Virginia mortgage loans from your bank are negotiable. Shop around for rates from mortgage brokers and mortgage companies before approaching your local bank.
• Rate quotes on Virginia mortgage loans should all be from the same time period due to market fluctuations.
• Tied mortgage brokers in Virginia don't charge an upfront fee, but work with a limited number of mortgage companies who pay them a commission should you choose their mortgage.
• An independent broker charges an upfront fee but casts a wider net, offering a variety of deals from a host of Virginia mortgage companies.