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MortgageLenderNearMe
Carrsville, VA

The Best Mortgage Lenders in Carrsville, VA

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

3
Top Lenders
4.6
Avg Rating
777+
Reviews
7
Loan Types

Available Loan Programs in Carrsville

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction Loans

Featured Mortgage Lenders

1

Atlantic Bay Mortgage Group

Atlantic Bay Mortgage Group, LLC

★★★★☆
4.8/5

Atlantic Bay Mortgage Group is a top-rated lender with deep roots in the Hampton Roads region, serving Carrsville and surrounding areas since 1996. Known for exceptional customer service, competitive rates, and personalized mortgage solutions, they have consistently high ratings for their reliability, local expertise, and efficient loan processing. Their extensive experience and strong community presence make them a preferred choice for homebuyers seeking conventional, FHA, VA, and USDA loans.

Experience:28 years
Reviews:285 customer reviews
600 Lynnhaven Parkway, Virginia Beach, VA 23452

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

TowneBank Mortgage

TowneBank

★★★★☆
4.6/5

TowneBank is a well-established regional bank with a strong mortgage division that serves Carrsville and the broader Southeastern Virginia area. Founded in 1999, they are praised for their community-focused approach, competitive lending rates, and expertise in handling both urban and rural properties. With a reputation for transparency and customer satisfaction, they offer a wide range of loan products and have a dedicated local team for personalized service.

Experience:25 years
Reviews:172 customer reviews
600 Harbour View Boulevard, Suffolk, VA 23435

Loan Types:

ConventionalFHAVAUSDAConstruction LoansRefinance
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3

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.5/5

Movement Mortgage is a highly regarded national lender with a strong local presence in Virginia, including service to Carrsville. Founded in 2008, they are known for their efficient loan processing, responsive customer support, and competitive rates. With a focus on simplicity and speed, they excel in providing various mortgage options and have earned high ratings for their reliability and ability to handle diverse financing needs, making them a trusted option for homebuyers.

Experience:16 years
Reviews:320 customer reviews
448 Viking Drive, Suite 220, Virginia Beach, VA 23452

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Carrsville, VA

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

Yes, Carrsville homebuyers can access the Virginia Housing Development Authority (VHDA) programs, which are popular throughout Isle of Wight County. These include low-interest rate loans, down payment assistance grants, and the VHDA FHA and Conventional loans with more flexible credit requirements. It's advisable to work with a local lender familiar with these state-wide programs to navigate the application process for a Carrsville purchase.

How do property taxes in Isle of Wight County affect my mortgage payments in Carrsville?

Isle of Wight County property taxes are relatively moderate compared to urban areas in Virginia, which can make monthly payments more manageable. For 2023, the county's real estate tax rate is $0.83 per $100 of assessed value. Your lender will calculate an estimated monthly escrow payment for these taxes, which is included in your total mortgage payment, so it's important to budget for this local cost.

What are typical down payment requirements for homes in Carrsville's rural market?

While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Carrsville utilize loans with lower requirements due to the area's affordable home prices. FHA loans can require as little as 3.5% down, and USDA loans are a notable option for this designated rural area, offering 0% down payment for eligible borrowers and properties, which is a significant advantage for the local market.

Does Carrsville's location in a flood zone affect my mortgage process?

Given Carrsville's proximity to the Blackwater River and its generally flat terrain, some properties may be in designated flood zones. Your lender will require a flood certification, and if the home is in a Special Flood Hazard Area, you will be mandated to purchase flood insurance as a condition of the mortgage. This is a crucial and common cost factor to investigate early in the home-buying process here.

Are local credit unions or community banks in the Carrsville area competitive for mortgages?

Yes, using a local institution like TowneBank or a local credit union can be advantageous. These lenders often have deep knowledge of the Carrsville and Isle of Wight County property market and may offer personalized service. They might also have special relationship discounts or portfolio loan products that larger national banks do not offer, which can be beneficial for unique property situations common in a rural community.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Carrsville, VA

Searching for a "mortgage lender near me" is about more than just convenience; it's about finding a financial partner who understands the unique heartbeat of your community. For homebuyers setting their sights on Carrsville, Virginia, this local expertise can make all the difference in navigating a charming yet competitive market.

Carrsville offers a blend of rural tranquility and growing appeal, with its proximity to major employment centers like Suffolk and the Hampton Roads region. This creates a specific dynamic where you might be competing with commuters seeking more home for their money. A local lender familiar with Isle of Wight County will have a pulse on property valuations in our distinct neighborhoods—from historic homes closer to the village center to newer constructions on larger lots. They understand how factors like a property's well and septic system, common in our area, can influence the appraisal and loan process, ensuring there are no last-minute surprises.

Your first actionable step is to look beyond the big national banks. Seek out lenders with a physical office in Suffolk, Franklin, or even right here in Isle of Wight County. Arrange face-to-face meetings. A local loan officer can provide invaluable, hyper-local advice, such as which subdivisions retain value best or how the slower pace of appraisal turnarounds in our region might affect your closing timeline. They are also your best resource for understanding Virginia-specific homebuyer programs.

Speaking of programs, this is where a Virginia-savvy lender truly shines. They can guide you through the Virginia Housing Development Authority (VHDA) programs, which are excellent tools for first-time and repeat homebuyers in Carrsville. VHDA offers competitive interest rates, down payment assistance grants, and educational resources. A lender approved to work with VHDA can help you determine if you qualify for these benefits, which can be a game-changer in managing your upfront costs.

Finally, treat your lender search like interviewing a key team member. Ask direct questions: "How many loans have you closed in Isle of Wight County in the last year?" "Can you walk me through the VHDA process?" "What local attorneys and title companies do you recommend for a smooth closing?" Their answers will reveal their depth of local experience.

In Carrsville, finding the right "mortgage lender near me" means partnering with someone who doesn't just see numbers on a page, but who understands the value of a quiet country road and the specifics of our market. By choosing a local expert, you're not just securing a loan; you're gaining a knowledgeable guide for one of the most significant investments you'll make in our special corner of Virginia.

Nearby Cities

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Why Choose a Mortgage Lender in Carrsville?

Local Market Knowledge

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