The small main street towns, the larger cities of Richmond and Alexandria, the DC suburbs, towns nestled in the Blue Ridge Mountains, and those along the coast of the Atlantic and Chesapeake Bay all play a part in Virginia’s rich history. Each corner of the state offers wonderful places to live and own a home. When you’re ready to settle down in the State of Virginia, you can use the rate tables on ForTheBestRate.com to compare pricing from some of the most competitive mortgage lenders, brokers, and banks in the marketplace.
Using the rate table
The majority of the mortgage companies represented in the rate survey on this page offer a variety of fixed rate (10, 15, 20, and 30 year terms) and adjustable rate financing solutions (3/1, 5/1, and 7/1 ARMs) for 1-4 unit residential properties (i.e. single family homes, duplexes, triplexes, and quadraplexes). These mortgage companies typically allow properties to be used as primary residences, second homes (aka vacation homes), or investment properties (rental homes). Rates often vary by occupancy type so you’ll need to speak with the various lenders and brokers to make sure that you qualify for what they have posted. Rates may also vary of other reasons including the type of property being financed. For exmaple, interest rates for condos may have pricing adjustments when compared to stand-alone, stick built homes. Be sure to speak with the various home loan providers directly to make sure that you have an accurate idea of pricing for your unique scenario.
Other Places to Find Information on Virginia Mortgage Companies and Home Buyer Assistance Programs
Virginia Association of Mortgage Brokers – Website
P.O. Box 71197 Richmond, VA 23255 804-285-7557
Virginia Mortgage Lenders Association – Website
638 Independence Parkway Suite 100 Chesapeake, VT 23320 PH: 757-473-2160
Virginia Credit Union League – Website
PO Box 11469 Lynchburg, VA 24506 PH: 800-768-3344
Virginia Housing Development Authority – Website
601 South Belvidere St, Richmond, VA 23220 804-782-1986
Virginia Department of Housing & Community Development – Website
Main Street Centre 600 East Main Street, Suite 300, Richmond, VA 23219 804-371-7000
Put on Your Learning Cap
- What is the difference between a lender and a broker? – Explore some of the pros and cons of working with each type of entity.
- Looking to finance a lot or a piece of land? – Most of the mortgage companies in the rate table do not finance lots and raw land. You can find information on lenders who are interested in this business here.
- What types of closing costs are associated with a mortgage? – After speaking with some of the mortgage companies in the rate table, you’ll likely start receiving Good Faith Estimates which breakdown various fees and costs associated with the home loan process. This post dives into what to expect.