The Best Mortgage Lenders in Fayetteville, GA
Compare verified mortgage lenders serving Fayetteville, Georgia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fayetteville
Featured Mortgage Lenders
Todd Boudreau
Fayette Mortgage
Fayette Mortgage is a locally-owned and operated mortgage brokerage that has been serving Fayetteville and surrounding communities for over 25 years. They are highly regarded for their personalized service, competitive rates, and deep understanding of the local real estate market. Specializing in all major loan types with a particular expertise in VA and conventional loans, they maintain a near-perfect rating across multiple review platforms. Their team of experienced loan officers provides customized mortgage solutions with an emphasis on clear communication and smooth closings.
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Member Service Center
Delta Community Credit Union
As Georgia's largest credit union with a strong presence in Fayetteville, Delta Community offers highly competitive mortgage rates and exceptional member service. With over eight decades of financial service experience, they provide a comprehensive range of mortgage products with particularly favorable terms for members. Their local Fayetteville branch offers in-person mortgage consultations, and they are known for their streamlined application process and lower fees compared to traditional banks. The credit union consistently receives high marks for customer satisfaction and mortgage servicing.
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Michael Gaddy
Silverton Mortgage
Silverton Mortgage is an Atlanta-based direct lender with a strong Fayetteville presence that has been operating for over 25 years. They offer competitive rates and a wide variety of loan programs, including specialized renovation loans that are particularly valuable in Fayetteville's diverse housing market. As a direct lender, they control the entire lending process from application to closing, resulting in faster turnaround times and more consistent communication. Their local team has extensive experience with Fayette County's unique market dynamics and maintains excellent relationships with local real estate professionals.
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Frequently Asked Questions
Common questions about mortgage lending in Fayetteville, GA
What are the current mortgage rates like in Fayetteville, GA compared to the national average?
Fayetteville mortgage rates typically align closely with national averages, but local competition among lenders can sometimes create slightly better rates. Currently, Fayetteville rates are competitive within the Atlanta metro area, with conventional 30-year fixed rates generally ranging from the mid-6% to low-7% range. It's wise to compare offers from both local credit unions and national lenders operating in Fayette County.
Are there any first-time homebuyer programs specific to Fayetteville that can help with down payments?
Yes, the Georgia Dream Homeownership Program is available to Fayetteville residents and offers down payment assistance up to $10,000 for eligible first-time buyers. Additionally, Fayette County occasionally partners with local organizations to provide homebuyer education and counseling services. Income limits and property criteria apply, so consult with a Georgia Dream-approved lender in Fayetteville.
How does Fayetteville's property tax system affect my mortgage payments?
Fayette County property taxes are relatively moderate compared to other Atlanta suburbs, currently around 1.0-1.2% of assessed value. Your lender will establish an escrow account to collect approximately 1/12 of your annual tax bill with each mortgage payment. Fayetteville homeowners should note that property values have been appreciating, which may lead to gradual increases in tax escrow payments over time.
What special mortgage considerations should I know about when buying in Fayetteville's historic districts?
If purchasing in Fayetteville's historic areas like the Hollingsworth or Stonewall Avenue districts, you may need specialized renovation loans like the FHA 203(k) if the home requires updates. Some historic properties might have higher insurance costs, which could affect your total monthly payment. Always work with a lender experienced in Fayetteville's unique property types.
Are USDA loans available in Fayetteville, GA given its suburban location?
While most of Fayetteville itself is ineligible for USDA rural housing loans due to its proximity to Atlanta, some surrounding areas in Fayette County may still qualify. The USDA eligibility map shows that certain eastern and southern portions of the county remain eligible. For Fayetteville proper, conventional and FHA loans are typically the most common financing options.
Why Choose a Mortgage Lender in Fayetteville?
Local Market Knowledge
Lenders who understand Fayetteville's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Georgia.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Fayetteville and get competitive rates on your home loan.