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Henrico, NC

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.

3
Top Lenders
4.7
Avg Rating
1150+
Reviews
8
Loan Types

Available Loan Programs in Henrico

Conventional
FHA
VA
USDA
Jumbo
Refinance
Reverse Mortgages
ARM

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

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.

Experience:16 years
Reviews:450 customer reviews
4208 Six Forks Rd Suite 100, Raleigh, NC 27609

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

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.

Experience:28 years
Reviews:380 customer reviews
3100 Tower Blvd Suite 600, Durham, NC 27707

Loan Types:

ConventionalFHAVAUSDAJumboReverse Mortgages
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3

New American Funding

New American Funding, LLC

★★★★☆
4.6/5

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.

Experience:21 years
Reviews:320 customer reviews
507 N Blount St, Raleigh, NC 27604

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceARM
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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.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Henrico, NC

Searching for "housing lenders near me" in Henrico, North Carolina, is about more than just finding the closest office. It's about connecting with financial partners who understand the unique rhythm of our local market and can guide you through a homebuying journey that’s specific to our corner of North Carolina. Whether you're drawn to the quiet, rural landscapes, the proximity to Lake Gaston, or the sense of community here, the right local lender can make all the difference.

In a market like Henrico, which offers a mix of waterfront properties, larger rural lots, and more traditional single-family homes, a one-size-fits-all mortgage approach doesn't work. A lender based in or familiar with Northampton County brings invaluable insight. They can accurately appraise property types that might be less common in urban areas and understand factors like well and septic systems, which are prevalent here. Their local knowledge helps streamline the process, avoiding surprises that can derail a deal with an out-of-town lender unfamiliar with our area.

Your search should start by looking beyond big national banks. While they are an option, don't overlook local community banks, credit unions, and regional mortgage companies with a physical presence in Eastern North Carolina. These institutions often have more flexibility and a personal touch. They know the local appraisers, attorneys, and inspectors, creating a smoother, faster closing process. Make a shortlist and then get pre-approved by at least two or three. This isn't just about comparing interest rates—it’s about comparing service, communication style, and the full package of fees and loan terms.

As a North Carolina homebuyer, you have access to several state-specific programs that a knowledgeable local lender can help you navigate. The NC Home Advantage Mortgage™ is a powerful tool, particularly for first-time and move-up buyers in Henrico. It provides down payment assistance up to 5% of the loan amount, which can be a game-changer. Additionally, the NC 1st Home Advantage Down Payment offers $8,000 in assistance for qualified first-time buyers and military veterans. A lender who actively works with these programs can be your key to unlocking them.

Your actionable first step? Start conversations. Call or visit a few local lenders and ask them pointed questions: "How many loans have you closed in Northampton County in the last year?" "Can you walk me through the NC Home Advantage program and my eligibility?" "What local attorneys and title companies do you typically work with?" Their answers will tell you everything you need to know about their local expertise.

Buying a home in Henrico is an investment in a lifestyle. By choosing a housing lender who is truly "near you" in both geography and market understanding, you secure more than a loan—you gain a trusted guide for one of life's most significant purchases.

Nearby Cities

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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.