The Best Mortgage Lenders in Henrico, NC
Compare verified mortgage lenders serving Henrico, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Henrico
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated national lender with a strong local presence in North Carolina, known for its competitive rates and exceptional customer service. Founded in 2008, they specialize in a wide range of loan products and have a reputation for fast closings and personalized service. Their Raleigh office serves the Henrico area, and they are praised for their transparency and community involvement, making them a top choice for homebuyers in eastern NC.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has been serving North Carolina homebuyers since 1996 and is renowned for its competitive rates and outstanding customer satisfaction. With a focus on personalized service, they offer a comprehensive suite of loan options and have local loan officers dedicated to the Henrico region. Their high ratings and extensive experience make them a reliable choice for mortgages in rural and suburban areas.
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New American Funding
New American Funding, LLC
New American Funding is a top-rated lender with a strong track record in North Carolina, offering diverse loan products and emphasizing customer education and support. Founded in 2003, they have built a reputation for flexibility and innovation, including programs for first-time homebuyers and those with unique financial situations. Their Raleigh branch actively serves the Henrico area, with high praise for their responsive service and competitive terms.
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Frequently Asked Questions
Common questions about mortgage lending in Henrico, NC
Are there any special mortgage programs for first-time homebuyers in Henrico, NC?
Yes, the North Carolina Housing Finance Agency (NCHFA) offers statewide programs like the NC Home Advantage Mortgage™ with down payment assistance, which is available to eligible buyers in Henrico. Additionally, some local lenders may offer portfolio loans or grants tailored to the rural nature of Halifax County, where Henrico is located. It's wise to consult with a lender familiar with these state and potential local incentives.
How do property taxes in Henrico, NC, affect my monthly mortgage payment?
Halifax County, which includes Henrico, has a relatively low property tax rate compared to urban areas in NC. Your lender will estimate these taxes for your escrow account based on the county's current rate and your home's assessed value. This predictability helps in budgeting, as property taxes here are a smaller component of the total monthly payment than in many parts of the state.
What is the typical down payment needed for a home in Henrico's market?
While 20% down is ideal to avoid mortgage insurance, many buyers in Henrico utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's moderate home prices. USDA loans, which require 0% down, are also a popular option here as much of Henrico and Halifax County is eligible for this rural development program.
How does the appraisal process work for a home in a rural area like Henrico?
Appraisals in Henrico can be more nuanced due to its rural setting. Appraisers must often use comparable sales ("comps") from a wider geographic area, which can sometimes lead to valuation challenges, especially for unique properties. It's crucial to work with a lender who uses appraisers experienced with rural North Carolina properties to ensure a fair and accurate valuation.
Are interest rates different for mortgages in Henrico compared to larger NC cities?
Interest rates are primarily set by national markets and your personal credit, not your specific town. However, lenders serving Henrico may offer competitive rates due to the lower cost of living and perceived stability of the local market. It's always recommended to shop around with local credit unions, community banks, and national lenders to find the best rate and service for your situation.
Why Choose a Mortgage Lender in Henrico?
Local Market Knowledge
Lenders who understand Henrico'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 North Carolina.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Henrico and get competitive rates on your home loan.