The Best Mortgage Lenders in Barhamsville, VA
Compare verified mortgage lenders serving Barhamsville, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Barhamsville
Featured Mortgage Lenders
Tidewater Home Funding
Tidewater Home Funding, LLC
Tidewater Home Funding is a highly-rated local mortgage broker serving the Barhamsville area and throughout the Hampton Roads region. With exceptional 4.9-star ratings across multiple platforms, they specialize in personalized service and finding the right loan products for each borrower's unique situation. Their team has extensive experience with all loan types including VA loans, which is particularly valuable in this military-heavy region. Customers consistently praise their responsiveness, transparency throughout the process, and ability to secure competitive rates.
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BayPort Credit Union
BayPort Credit Union
As one of the largest credit unions in the Hampton Roads area, BayPort Credit Union has been serving Barhamsville residents for decades. With deep roots in the community since 1928, they offer competitive mortgage rates and personalized service to members. Their 4.7-star rating reflects consistent customer satisfaction with their mortgage process. BayPort is particularly known for their local decision-making, member-focused approach, and comprehensive mortgage options including construction loans that are valuable in Barhamsville's rural setting.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established a strong local presence in the Barhamsville area with their Newport News branch serving the greater Williamsburg region. With a 4.8-star rating and numerous positive reviews, they're known for their efficient process and excellent communication. As a national lender with local expertise, they offer competitive rates and a wide variety of loan products. Their local loan officers have extensive knowledge of the Barhamsville market and specialize in both rural properties and suburban homes throughout New Kent County.
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Frequently Asked Questions
Common questions about mortgage lending in Barhamsville, VA
What are the typical down payment requirements for homes in Barhamsville, VA, given its rural setting?
While standard loans often require 5-20% down, Barhamsville's classification as a rural area by the USDA makes many properties eligible for USDA loans, which require **0% down payment**. Additionally, FHA loans with 3.5% down are common. A local lender can confirm a specific property's USDA eligibility, which is a significant advantage for buyers with limited savings.
Are there any special mortgage programs for first-time homebuyers in New Kent County that apply to Barhamsville?
Yes, the Virginia Housing Development Authority (VHDA) offers programs like the VHDA FHA or Conventional loans with competitive rates and down payment assistance grants, which are available statewide, including in Barhamsville. These are excellent for first-time buyers, and working with a VHDA-approved lender in the area is key to accessing these benefits and navigating the application.
How do property taxes in New Kent County impact my mortgage payments in Barhamsville?
New Kent County has a relatively low real estate tax rate compared to more urban Virginia counties. Your lender will estimate these taxes for your escrow account, but it's wise to verify the current rate and any potential special district fees. This lower tax burden can make your total monthly mortgage payment more affordable than in neighboring counties.
Does Barhamsville's location affect the type of property appraisal required for a mortgage?
Yes, due to its semi-rural nature with larger lots and more unique properties, lenders often require a more detailed appraisal. An appraiser familiar with the New Kent County market will be essential to properly compare your property to similar homes, which may be fewer and farther apart than in suburban areas, ensuring an accurate valuation.
What should I know about well and septic systems when getting a mortgage for a Barhamsville home?
Many Barhamsville homes use private wells and septic systems. Lenders will typically require a water quality test and a satisfactory septic inspection as a condition of the loan. These are crucial for ensuring the property is habitable and protecting your investment, so budgeting for these inspections during the due diligence period is important.
Why Choose a Mortgage Lender in Barhamsville?
Local Market Knowledge
Lenders who understand Barhamsville'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 Barhamsville and get competitive rates on your home loan.