The Best Mortgage Lenders in Riverdale, GA
Compare verified mortgage lenders serving Riverdale, Georgia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Riverdale
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its efficient loan processing and exceptional customer service, with a strong regional presence in the Atlanta metropolitan area including Riverdale. They specialize in a wide range of loan products and are known for their competitive rates and personalized approach, making them a top choice for homebuyers in Clayton County and surrounding communities.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate combines digital innovation with local expertise, offering streamlined mortgage solutions and competitive rates for Riverdale residents. With decades of experience and a focus on customer satisfaction, they provide reliable service across various loan types and have a proven track record in the Georgia housing market, including first-time homebuyer programs and refinancing options.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding stands out for its diverse loan portfolio and strong commitment to community lending, including specialized programs for minority and first-time homebuyers in Riverdale. With high customer satisfaction ratings and a reputation for transparency, they offer personalized service and flexible terms, backed by years of experience serving the Atlanta metro area with integrity and reliability.
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Frequently Asked Questions
Common questions about mortgage lending in Riverdale, GA
What are the current mortgage rates like for homes in Riverdale, GA?
Mortgage rates in Riverdale are competitive with the national average but can vary based on your credit profile and loan type. As of recent trends, conventional 30-year fixed rates typically range from 6.5% to 7.5% in the area. It's best to compare offers from multiple local lenders as rates can differ between institutions.
Are there any first-time homebuyer programs specifically for Riverdale residents?
Yes, Riverdale homebuyers can access Georgia's DreamHome Mortgage Program which offers competitive interest rates and down payment assistance. Additionally, Clayton County (where Riverdale is located) offers the HOME Investment Partnership Program that provides down payment and closing cost assistance to eligible buyers. These programs are particularly valuable given Riverdale's median home prices.
How does Riverdale's property tax system affect my mortgage payments?
Riverdale property taxes are relatively moderate compared to other Atlanta metro areas, with Clayton County's millage rate currently around 40.238 mills. Your lender will typically include 1/12 of your annual property tax bill in your monthly mortgage payment through an escrow account. This is important to factor in since property taxes can significantly impact your total monthly housing cost.
What special considerations should I know about getting a mortgage for Riverdale's older homes?
Many Riverdale homes were built in the 1970s-1990s, so lenders may require additional inspections for older properties. If you're considering a renovation loan, the FHA 203(k) program can be particularly useful for updating these properties. Be prepared for potential repair requirements that could affect your loan approval or require escrow holds.
Are there any local down payment assistance programs available in Riverdale?
Yes, Clayton County offers the HOME Down Payment Assistance Program providing up to $10,000 in assistance for eligible buyers. The Georgia Department of Community Affairs also provides the CHOICE program which offers up to $7,500 in down payment assistance. These programs are especially helpful given Riverdale's current median home price range of $250,000-$350,000.
Why Choose a Mortgage Lender in Riverdale?
Local Market Knowledge
Lenders who understand Riverdale'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 Riverdale and get competitive rates on your home loan.