The Best Mortgage Lenders in Bristol, VA
Compare verified mortgage lenders serving Bristol, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bristol
Featured Mortgage Lenders
TriSummit Utilities Credit Union Mortgage Department
TriSummit Utilities Credit Union
TriSummit Utilities Credit Union is a highly-rated local financial institution serving the Bristol community with deep roots in the region. They offer personalized mortgage services with competitive rates and exceptional member service. Their mortgage team provides one-on-one guidance through the entire home loan process, with particular expertise in VA loans beneficial for the local military community. As a community-focused credit union, they prioritize member satisfaction over profit, resulting in consistently high customer satisfaction ratings and local trust built over decades of service.
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Bank of Tennessee Mortgage Services
Bank of Tennessee
Bank of Tennessee serves the Bristol, VA/TN metro area with exceptional mortgage services and strong regional presence. They combine local decision-making with comprehensive lending options, offering competitive rates and personalized service. Their mortgage team has extensive experience with both Virginia and Tennessee mortgage regulations, making them ideal for the twin-city market. Customers consistently praise their responsive communication, streamlined application process, and knowledgeable loan officers who provide clear guidance throughout the home buying journey.
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Movement Mortgage Bristol Office
Movement Mortgage, LLC
Movement Mortgage maintains a strong physical presence in the Bristol area with dedicated local loan officers serving both Virginia and Tennessee sides. Nationally recognized for exceptional customer service and innovative technology, they combine digital efficiency with local expertise. Their "More Than A Mortgage" philosophy emphasizes community involvement and customer education. Movement consistently receives top ratings for their fast closing times, transparent communication, and competitive rates. Their local team has deep knowledge of the Bristol housing market and provides personalized service with national lending capabilities.
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Frequently Asked Questions
Common questions about mortgage lending in Bristol, VA
Are there any special mortgage programs for first-time homebuyers in Bristol, VA?
Yes, the Virginia Housing Development Authority (VHDA) offers several programs, like the VHDA FHA and Conventional loans, which are widely used in Bristol. These programs often provide competitive interest rates, down payment assistance grants, and do not require a first-time homebuyer class for most loans, making homeownership more accessible in the local market.
How do property taxes in Bristol, Virginia, affect my monthly mortgage payment?
Bristol, VA, has a combined city property tax rate that is typically lower than many areas in neighboring Tennessee. Your lender will estimate these taxes for escrow, and the rate is currently $1.12 per $100 of assessed value. This relatively lower tax burden can make your total monthly mortgage payment more affordable compared to other regional cities.
What is the typical down payment needed for a home in Bristol's current market?
While 20% down is ideal to avoid mortgage insurance, many buyers in Bristol successfully purchase homes with 3%-5% down using conventional loans or 3.5% with an FHA loan, especially with VHDA assistance. Given Bristol's median home price, this allows for a manageable upfront cash requirement for many working families.
Does Bristol's location as a twin city (VA/TN) create any unique mortgage or closing considerations?
Yes, it's crucial to ensure your property is definitively on the Virginia side, as Tennessee has different tax structures, mortgage regulations, and recording fees. Your lender and title company will verify the jurisdiction, as a Virginia-based loan program (like VHDA) cannot be used for a Tennessee property, even with a Bristol address.
Are USDA rural development loans available for homes in Bristol, Virginia?
Absolutely. Much of the area surrounding the city of Bristol qualifies for USDA Rural Development loans, which offer 100% financing (no down payment). Specific neighborhoods and suburbs may be eligible, making this a powerful tool for buyers looking in the greater Bristol area who meet income requirements.
Why Choose a Mortgage Lender in Bristol?
Local Market Knowledge
Lenders who understand Bristol'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 Bristol and get competitive rates on your home loan.