The Best Mortgage Lenders in Arlington, VA
Compare verified mortgage lenders serving Arlington, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Arlington
Featured Mortgage Lenders
Michael Gorski
First Home Mortgage - Arlington
First Home Mortgage's Arlington office, led by Michael Gorski, is consistently rated as one of the top mortgage lenders in Northern Virginia. They specialize in serving the unique Arlington market with expertise in jumbo loans, condos, and government employee lending programs. Their team has deep knowledge of local real estate trends and offers personalized service with competitive rates. With over 30 years in business and hundreds of 5-star reviews, they're known for smooth closings and exceptional customer service throughout the DC metro area.
Loan Types:
John McGeough
George Mason Mortgage
George Mason Mortgage has been a trusted regional lender serving Arlington and Northern Virginia for over 30 years. They consistently receive top ratings for their competitive rates, local underwriting expertise, and streamlined closing process. Specializing in the unique Northern Virginia market, they excel at handling complex transactions including jumbo loans and government employee relocations. Their deep community roots and long-standing relationships with local real estate professionals make them a preferred choice for Arlington homebuyers seeking reliable, local mortgage services.
Loan Types:
Mark G. Meyerdirk
Presidential Bank Mortgage
Presidential Bank has been serving the DC metro area, including Arlington, for nearly 40 years with a strong reputation for jumbo and conventional lending. They offer competitive rates and personalized service with local decision-making authority. Their experienced loan officers understand the unique aspects of Arlington's real estate market, including high-value properties and condominium financing. With consistently high customer satisfaction ratings and deep expertise in the regional market, they provide reliable mortgage solutions with the convenience of local processing and underwriting.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Arlington, VA
What are the current mortgage rates like in Arlington, VA, and how do they compare to national averages?
Mortgage rates in Arlington are typically very competitive and often slightly below the national average due to the area's strong economy, high borrower credit scores, and low default risk. However, rates can vary significantly between lenders, so it's crucial to shop around with both local credit unions and national banks. The presence of many military and federal employees also means lenders often offer special rate discounts for these groups.
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Arlington?
Yes, the Virginia Housing Development Authority (VHDA) offers several programs, like the VHDA Down Payment Assistance Grant, which are widely used by Arlington buyers. Additionally, Arlington County itself offers the Moderate Income Purchase Assistance Program (MIPAP), which provides deferred, no-interest loans to help with down payments and closing costs for eligible moderate-income households, a critical resource in this high-cost market.
How does the high property tax rate in Arlington affect my mortgage and overall housing costs?
Arlington County has one of the highest effective property tax rates in Northern Virginia (currently $1.013 per $100 of assessed value). Lenders will include these taxes in your monthly escrow payment, significantly increasing your total monthly mortgage obligation. It's essential to factor this into your budget, as a $800,000 home could have annual property taxes exceeding $8,000, impacting your debt-to-income ratio and loan qualification.
What should I know about getting a mortgage for a condo in Arlington, given the prevalence of condo buildings?
Financing a condo in Arlington requires careful attention to the building's FHA or VA approval status and its financial health (reserves, owner-occupancy ratio). Many older condo buildings in areas like Rosslyn or Crystal City may have stricter lending requirements. Lenders will scrutinize the condo association's budget and insurance, so obtaining this documentation early in the process is vital to avoid delays.
Does being a federal employee or military personnel stationed in the D.C. area provide any mortgage advantages in Arlington?
Absolutely. Many lenders offer specialized loan programs with reduced fees or more flexible underwriting for federal employees, including those at the Pentagon, and for military personnel using a VA loan. VA loans are particularly powerful here, as they allow for 0% down payment and no private mortgage insurance (PMI), which is a major advantage in Arlington's expensive real estate market. Specific credit unions like Pentagon Federal Credit Union (PenFed) often have tailored offerings.
Why Choose a Mortgage Lender in Arlington?
Local Market Knowledge
Lenders who understand Arlington'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 Arlington and get competitive rates on your home loan.