The Best Mortgage Lenders in Bealeton, VA
Compare verified mortgage lenders serving Bealeton, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bealeton
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is consistently ranked among the top mortgage lenders in Virginia with an exceptional 4.9-star rating. Founded in 1996, they have built a stellar reputation for personalized service and competitive rates throughout Northern Virginia, including Bealeton. Their team specializes in all major loan types with particular expertise in VA loans, making them an excellent choice for military families and veterans. With multiple local offices and a strong digital platform, they offer both in-person and remote service options. Their high customer satisfaction scores and extensive experience with Virginia's diverse housing markets make them a top choice for Bealeton homebuyers.
Loan Types:
Virginia Credit Union
Virginia Credit Union
Virginia Credit Union has been serving Virginia residents since 1938 and maintains an outstanding 4.8-star rating for mortgage services. While headquartered in Richmond, they serve members throughout Virginia, including Bealeton and Fauquier County. As a not-for-profit financial cooperative, they often offer more competitive rates and lower fees than traditional banks. Their mortgage team provides comprehensive guidance through the entire homebuying process, with special programs for first-time homebuyers and competitive VA loan options. With decades of experience serving Virginia communities, they combine local knowledge with the resources of one of Virginia's largest credit unions.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established a strong presence throughout Northern Virginia with a 4.7-star rating and excellent customer feedback. Founded in 2008, they've grown to become one of the nation's top mortgage lenders while maintaining personalized local service. Their Falls Church office serves the Bealeton area with experienced loan officers who understand the specific dynamics of Virginia's housing market. Movement is particularly noted for their efficient processing times and strong communication throughout the loan process. They offer a comprehensive range of loan products with competitive rates and have built a reputation for making the mortgage process straightforward and transparent for homebuyers in rural and suburban Virginia communities like Bealeton.
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Frequently Asked Questions
Common questions about mortgage lending in Bealeton, VA
Are there any special mortgage programs for first-time homebuyers in Bealeton, VA?
Yes, the Virginia Housing Development Authority (VHDA) offers several programs, such as the VHDA FHA and Conventional loans with down payment assistance grants, which are widely used in Bealeton. These programs can be combined with VHDA's Mortgage Credit Certificate (MCC) for a federal tax credit, making homeownership more affordable in Fauquier County's competitive market.
How do property taxes in Fauquier County affect my mortgage payments in Bealeton?
Fauquier County's property tax rate is a key component of your monthly escrow payment. The current rate is $0.87 per $100 of assessed value, which is relatively moderate for Northern Virginia. Your lender will calculate this into your monthly payment, and it's important to budget for potential annual reassessments as Bealeton continues to develop.
What are typical down payment requirements for homes in Bealeton's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Bealeton utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially for starter homes. Given the mix of rural properties and newer subdivisions, USDA loans with 0% down are also a popular option for eligible properties in the more agricultural areas surrounding Bealeton.
Does Bealeton's location in a rural area qualify it for any specific rural mortgage programs?
Yes, much of the Bealeton area is eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified borrowers and properties. This is a significant advantage for buyers looking at single-family homes on larger lots outside the immediate town center, as it greatly reduces the upfront cash needed to purchase.
How does the commute to Northern VA job centers impact mortgage approval for Bealeton homebuyers?
Lenders favorably view Bealeton's proximity to major employment corridors like I-95 and Route 17, as it supports stable employment income—a key underwriting factor. However, they will closely scrutinize your debt-to-income ratio, factoring in potential commuting costs (fuel, vehicle maintenance) which can be higher than in more urban locations, so it's wise to document these expenses.
Why Choose a Mortgage Lender in Bealeton?
Local Market Knowledge
Lenders who understand Bealeton'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 Bealeton and get competitive rates on your home loan.