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Boykins, VA

The Best Mortgage Lenders in Boykins, VA

Compare verified mortgage lenders serving Boykins, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
515+
Reviews
9
Loan Types

Available Loan Programs in Boykins

Conventional
FHA
VA
USDA
Jumbo
Refinance
Fixed-Rate
Adjustable-Rate
Construction Loans

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage

★★★★☆
4.8/5

Movement Mortgage is a highly-rated national lender with a strong local presence in Virginia, known for its competitive rates and exceptional customer service. They specialize in a wide range of loan products and have a reputation for fast closings and personalized support, making them a top choice for homebuyers in Boykins and the surrounding Hampton Roads area. Their local loan officers are accessible and provide tailored solutions for first-time buyers and investors alike.

Experience:16 years
Reviews:185 customer reviews
448 Viking Dr #220, Virginia Beach, VA 23452

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

TowneBank

TowneBank Mortgage

★★★★☆
4.6/5

TowneBank is a regional bank with deep roots in Virginia, offering reliable mortgage services and local decision-making for Boykins residents. They are praised for their community-focused approach, competitive rates, and extensive experience in handling various loan types. With branches in nearby Suffolk, they provide convenient in-person service and are known for building long-term customer relationships through transparency and support.

Experience:25 years
Reviews:120 customer reviews
100 W Washington St, Suffolk, VA 23434

Loan Types:

Fixed-RateAdjustable-RateFHAVAConstruction Loans
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3

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

Fairway Independent Mortgage Corporation is a nationally recognized lender with a strong local presence in Virginia, acclaimed for high customer satisfaction and efficient loan processing. They offer a comprehensive suite of mortgage products and are particularly noted for their educational approach, helping borrowers in Boykins navigate the homebuying process with ease. Their team of experienced professionals ensures personalized service and competitive financing options.

Experience:28 years
Reviews:210 customer reviews
725 Greenbrier Pkwy, Chesapeake, VA 23320

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Boykins, VA

Are there any special mortgage programs for first-time homebuyers in Boykins, Virginia?

Yes, the Virginia Housing Development Authority (VHDA) offers several programs, like the VHDA FHA and Conventional loans, which are widely used in Boykins. These programs often feature competitive interest rates, down payment assistance grants, and lower credit score requirements, which are particularly helpful given the area's median income levels. A local lender familiar with Southampton County can help you navigate the specific eligibility and application process.

What are typical property taxes like for a mortgage in Boykins, and how do they affect my payment?

Southampton County, where Boykins is located, has a relatively low real estate tax rate compared to more urban parts of Virginia. The current rate is $0.72 per $100 of assessed value. When calculating your monthly mortgage payment (PITI), lenders will escrow for these taxes, and their affordability is a key advantage for buyers in the Boykins area, helping to keep overall housing costs manageable.

How does the rural nature of Boykins impact the mortgage appraisal process?

Appraisals in Boykins can be more challenging due to the limited number of recent, comparable home sales ("comps") in the immediate area. Appraisers may need to look at properties in a wider geographic radius, including nearby towns like Franklin or Courtland. This can sometimes lead to valuation discrepancies, so it's crucial to work with a real estate agent and lender experienced in the Southampton County market.

Are USDA Rural Development loans a viable option for mortgages in Boykins, VA?

Absolutely. Boykins is located in an area that is almost certainly eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is one of the most advantageous programs for the region, given its rural designation. Eligibility is based on the property location and the buyer's income, which must fall within the limits for Southampton County.

What local factors in Boykins should I consider when choosing between a fixed-rate and adjustable-rate mortgage (ARM)?

Given Boykins' stable, small-town market with modest home price appreciation, a 30-year or 15-year fixed-rate mortgage is often the recommended choice for long-term predictability. An ARM might be less advantageous here, as the initial lower rate may not offset the future risk of increase for buyers who plan to stay in their homes for many years. Discuss your long-term plans with a local loan officer to make the best decision.

Mortgage Insights

Finding Your Perfect Home Loan in Boykins, Virginia

Searching for "home loans near me" is often the first real step toward homeownership. If you're looking in the charming town of Boykins, Virginia, you're not just looking for any lender—you're looking for a financial partner who understands the unique character and opportunities of our local market. The right loan can make all the difference in securing your slice of Southampton County.

Boykins presents a distinct housing landscape. You'll find a mix of historic homes brimming with character, affordable single-family residences, and larger properties with land—a reflection of the area's agricultural roots. This variety means your loan needs are specific. A conventional loan might be perfect for a move-in-ready home, but if you're considering a historic property, you'll need a lender familiar with the potential renovation costs and appraisals that come with older structures. Local lenders or loan officers who work regularly in Southampton County will have a better grasp of property values here than a national call center, ensuring you get accurate pre-approvals and smooth appraisals.

For Virginia homebuyers, there are excellent state-specific programs to explore. The Virginia Housing Development Authority (VHDA) is a key resource. VHDA offers a variety of affordable loan programs, including down payment assistance grants and favorable rates for first-time and repeat homebuyers who meet income and purchase price limits. These programs are designed to make homeownership more accessible, and they can be particularly powerful in a market like Boykins where they can stretch your buying power further. A local mortgage broker familiar with VHDA guidelines can be invaluable in navigating these options.

Your actionable journey starts here. First, get your financial documents in order—pay stubs, tax returns, and bank statements. Then, don't just search online; make some local calls. Connect with a couple of lenders who have physical offices in or near the Southside Virginia region. Ask them pointed questions: "How many loans have you closed in Southampton County in the last year?" "Can you walk me through the VHDA programs I might qualify for?" Their answers will tell you a lot about their local expertise.

Finally, remember that in a close-knit community like Boykins, local realtors are a goldmine of information. They work with lenders constantly and can often recommend a few who are reliable, communicative, and known for closing loans on time. By combining your own research with trusted local referrals, you'll move beyond a generic search to find a home loan partner who truly understands what it means to buy a home in Boykins, setting you up for a successful and confident purchase.

Nearby Cities

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Why Choose a Mortgage Lender in Boykins?

Local Market Knowledge

Lenders who understand Boykins'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 Boykins and get competitive rates on your home loan.