The Best Mortgage Lenders in Chantilly, VA
Compare verified mortgage lenders serving Chantilly, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Chantilly
Featured Mortgage Lenders
Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage is a highly reputable local lender serving Chantilly and the broader Northern Virginia area, known for its exceptional customer service and competitive mortgage rates. With over 15 years of experience, they specialize in a wide range of loan products, including government-backed options, and have built a strong community presence through personalized service and timely closings. Their high ratings and numerous positive reviews highlight their reliability and commitment to homebuyer satisfaction.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong local footprint in Northern Virginia, including Chantilly, offering efficient loan processing and competitive rates. Founded in 2008, they are praised for their streamlined digital experience and dedicated local loan officers who provide personalized guidance. With a focus on community engagement and a variety of loan options, they have earned high customer satisfaction ratings and are known for closing loans quickly and reliably.
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Prosperity Home Mortgage
Prosperity Home Mortgage, LLC
Prosperity Home Mortgage is a well-established regional lender with deep roots in the Northern Virginia market, including Chantilly, offering tailored mortgage solutions and expert advice. With nearly two decades of experience, they excel in providing flexible loan products and exceptional customer service, particularly for first-time homebuyers and those seeking refinancing. Their strong local reputation, backed by solid ratings and reviews, reflects their commitment to transparency, competitive pricing, and long-term client relationships.
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Frequently Asked Questions
Common questions about mortgage lending in Chantilly, VA
What are the current mortgage rates like in Chantilly, VA, and how do they compare to the national average?
Mortgage rates in Chantilly are typically very competitive and closely aligned with national averages, but can be influenced by the strong local economy and high demand in Northern Virginia. As of recent trends, rates in this area may sometimes be slightly lower due to the concentration of lenders competing for business from qualified buyers with stable employment, often in the tech and government sectors. It's always best to get multiple quotes from both local credit unions and national lenders.
Are there any special down payment assistance programs for first-time homebuyers in Chantilly?
Yes, first-time homebuyers in Chantilly can access Virginia Housing's statewide programs, which are particularly useful in this higher-cost area. These include grants and favorable loan terms to help with down payments and closing costs. Additionally, some local credit unions, like Apple Federal Credit Union, may offer specific programs or guidance for buyers in Fairfax County.
How does Chantilly's proximity to Dulles Airport and data centers affect the mortgage process or property requirements?
Lenders may require specific insurance add-ons, like noise or commercial hazard insurance, for properties under certain flight paths. Furthermore, appraisals for homes near major data center corridors must carefully consider how the commercial activity impacts residential property values, which can sometimes be a positive for tax base but a negative for desirability. It's crucial to discuss these location-specific factors with your lender early on.
What is a typical down payment percentage needed for a single-family home in Chantilly's competitive market?
Given Chantilly's median home prices, which are above the national average, a 20% down payment is common to avoid private mortgage insurance (PMI) and strengthen offer competitiveness. However, many buyers successfully use conventional loans with 5-10% down, and VA loans with 0% down are extremely popular here due to the large population of military, veterans, and federal contractors.
Are jumbo loans common in Chantilly, and what are the specific requirements?
Yes, jumbo loans are very common in Chantilly due to home prices frequently exceeding the conforming loan limits set for Fairfax County ($1,149,825 in 2024). Requirements are stricter, often requiring excellent credit (FICO scores of 720+), lower debt-to-income ratios, and significant cash reserves—sometimes 12 months or more—due to the high loan amounts. Local lenders are very experienced in processing these.
Why Choose a Mortgage Lender in Chantilly?
Local Market Knowledge
Lenders who understand Chantilly'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 Chantilly and get competitive rates on your home loan.