The Best Mortgage Lenders in Bridgewater, VA
Compare verified mortgage lenders serving Bridgewater, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bridgewater
Featured Mortgage Lenders
Union First Market Bank Mortgage Team
Union Bank & Trust
Union Bank & Trust stands as the premier local banking institution serving the Bridgewater area with deep roots in the Shenandoah Valley since 1902. Their mortgage team receives exceptional ratings for personalized service, local decision-making, and extensive knowledge of the regional real estate market. As a community-focused bank with multiple branches throughout the Valley, they offer competitive rates and a wide variety of loan programs tailored to both first-time homebuyers and experienced investors. Their long-standing presence and commitment to the local community make them a top choice for Bridgewater residents seeking reliable mortgage financing with local expertise.
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Chris Jessee
Movement Mortgage
Chris Jessee with Movement Mortgage has built an outstanding reputation throughout the Shenandoah Valley, including Bridgewater, with nearly perfect customer satisfaction ratings. Specializing in streamlined digital mortgage processes while maintaining personal touchpoints, his team is known for exceptional communication and closing loans efficiently. With extensive experience in VA loans (important for the nearby Veterans Affairs population) and first-time homebuyer programs, they offer competitive rates and have consistently high reviews for making complex mortgage processes understandable and stress-free for Bridgewater area homebuyers.
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Shenandoah Valley Mortgage Team
American National Bank and Trust Company
American National Bank and Trust Company has been serving the Bridgewater and greater Shenandoah Valley region for over a century, establishing deep community connections and understanding of local market dynamics. Their mortgage team receives high marks for professional expertise, responsive service, and flexible loan options including specialized construction lending that's particularly valuable in the growing Bridgewater area. As a regional bank with strong capital reserves, they offer competitive pricing and portfolio lending options that larger national lenders cannot match. Their long-term commitment to the community and personalized approach to mortgage lending make them a trusted choice for Bridgewater home financing.
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Frequently Asked Questions
Common questions about mortgage lending in Bridgewater, VA
Are there any special first-time homebuyer programs available specifically for Bridgewater, VA?
While Virginia offers statewide programs like VHDA loans, Bridgewater homebuyers should also explore local resources. The Town of Bridgewater and Rockingham County do not currently offer separate down payment assistance programs, but working with a lender familiar with VHDA's offerings is crucial, as these can provide competitive rates and down payment help for eligible buyers in our area.
How do property taxes in Bridgewater and Rockingham County impact my monthly mortgage payment?
Rockingham County's property tax rate is relatively moderate for Virginia, which helps keep escrow payments manageable. For a home at Bridgewater's median price, you can expect property taxes to add approximately $150-$250 to your monthly PITI payment. It's important to get an accurate tax estimate during pre-approval, as taxes can vary slightly between town limits and the county.
What are typical mortgage rates and lender options for someone buying in Bridgewater?
Mortgage rates in Bridgewater align with national averages but can vary based on the lender. While major national banks are accessible, many local buyers successfully use regional lenders and credit unions like DuPont Community Credit Union or Bank of the James, which often have strong community ties and understand the local appraisal process for the Shenandoah Valley's unique properties.
Does Bridgewater's location in a smaller town affect the home appraisal process for a mortgage?
Yes, it can. Appraisals in Bridgewater may require appraisers familiar with the local market, which includes comparisons to homes in nearby towns like Dayton or Harrisonburg. Unique properties, such as older homes near Bridgewater College or rural parcels, need appraisers who understand value drivers in this specific area to ensure the valuation supports your loan.
Are USDA Rural Development loans a viable option for mortgages in Bridgewater, VA?
Absolutely. Much of the area surrounding and including parts of Bridgewater is eligible for USDA RD loans, which offer 100% financing. This is a popular and practical option for eligible buyers, as it allows purchase with no down payment—a significant advantage in a market where saving for a down payment can be a hurdle. A local mortgage officer can confirm specific address eligibility.
Nearby Cities
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Why Choose a Mortgage Lender in Bridgewater?
Local Market Knowledge
Lenders who understand Bridgewater'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 Bridgewater and get competitive rates on your home loan.