The Best Mortgage Lenders in Aldie, VA
Compare verified mortgage lenders serving Aldie, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Aldie
Featured Mortgage Lenders
Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage is a highly-rated local lender specializing in Northern Virginia, including Aldie. Known for exceptional customer service, competitive rates, and a streamlined process, they have built a strong reputation through personalized attention and expertise in various loan types. Their deep community involvement and high satisfaction scores make them a top choice for homebuyers in the area.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized lender with a robust presence in Virginia, offering a wide array of loan products and dedicated local service. They are praised for their competitive rates, efficient processing, and commitment to diversity and inclusion. With numerous positive reviews highlighting their responsiveness and expertise, they reliably serve Aldie residents seeking flexible mortgage solutions.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is renowned for its fast closings and customer-centric approach, with a strong local team serving Aldie and surrounding areas. They excel in providing personalized mortgage advice and have a track record of high satisfaction due to their transparency and community focus. Their extensive loan options and efficient service make them a preferred lender for many homebuyers in Northern Virginia.
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Frequently Asked Questions
Common questions about mortgage lending in Aldie, VA
Are there any special first-time homebuyer programs available specifically for Aldie, VA?
While Virginia offers statewide programs like VHDA loans, Aldie homebuyers should specifically inquire about the Loudoun County First-Time Homebuyer Program. This local initiative can provide down payment and closing cost assistance, which is particularly valuable in Aldie's competitive market. Lenders familiar with the area can also guide you on pairing this with VHDA's offerings for maximum benefit.
How do property taxes in Loudoun County affect my mortgage payment in Aldie?
Loudoun County has one of the highest property tax rates in Virginia, currently around $0.99 per $100 of assessed value. This significantly impacts your total monthly mortgage payment, as lenders will escrow for these taxes. When budgeting for an Aldie home, you must factor this in, as it can add hundreds of dollars to your monthly payment compared to other Virginia localities.
What is a typical down payment needed for a single-family home in Aldie's market?
Given Aldie's high median home prices, typically well above the national average, a 20% down payment is often recommended to avoid private mortgage insurance (PMI) and improve loan terms. However, many buyers successfully use conventional loans with 5-10% down, or FHA loans with 3.5% down, especially for townhomes. Jumbo loans are also common here and may require 10-20% down.
Are there specific lenders or credit unions in the Aldie area that offer competitive mortgage rates or unique programs?
Yes, working with lenders experienced in the Northern Virginia market is advantageous. Local institutions like Burke & Herbert Bank or Apple Federal Credit Union often have strong community lending programs and understand the nuances of Loudoun County's high-cost market. They may offer portfolio loans or special programs for professionals like those commuting to nearby tech corridors.
How does Aldie's location in a high-cost county influence my loan limits and options?
Aldie is in Loudoun County, which falls under the high-cost area conforming loan limits set by the FHFA. For 2024, the limit for a single-family home is $1,149,825, much higher than the national baseline. This means many homes in Aldie can still qualify for conventional conforming loans with better rates, rather than jumbo loans, but you should confirm your loan amount falls under this ceiling.
Why Choose a Mortgage Lender in Aldie?
Local Market Knowledge
Lenders who understand Aldie'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 Virginia.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Aldie and get competitive rates on your home loan.