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Chesterfield, VA

The Best Mortgage Lenders in Chesterfield, VA

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

3
Top Lenders
4.7
Avg Rating
550+
Reviews
8
Loan Types

Available Loan Programs in Chesterfield

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-Time Homebuyer
Construction Loans

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

Movement Mortgage is a highly-rated national lender with a strong local presence in the Richmond area, including Chesterfield. Known for its streamlined digital process and exceptional customer service, they consistently receive top marks for competitive rates and fast closings. Their "On-Time Closing Guarantee" and dedicated local loan officers make them a preferred choice for homebuyers in Central Virginia, with a reputation for reliability and transparency in mortgage lending.

Experience:16 years
Reviews:220 customer reviews
1800 Bayberry Ct, Richmond, VA 23226

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

Fairway Independent Mortgage Corporation is a reputable lender with deep roots in Virginia, serving Chesterfield and the Greater Richmond area. They are praised for their personalized service, extensive loan options, and competitive rates. With a focus on community involvement and education, their experienced team provides tailored solutions for various financial situations, earning high customer satisfaction scores for their responsiveness and expertise in local market conditions.

Experience:28 years
Reviews:180 customer reviews
12431 Stone Village Way, Glen Allen, VA 23059

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-Time Homebuyer
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3

Atlantic Bay Mortgage Group

Atlantic Bay Mortgage Group, LLC

★★★★☆
4.6/5

Atlantic Bay Mortgage Group is a well-established regional lender that actively serves Chesterfield and throughout Virginia. Recognized for their customer-centric approach and efficient processing, they offer a wide range of mortgage products with competitive terms. Their strong local presence and commitment to client education have built a loyal customer base, with numerous reviews highlighting their professionalism, low rates, and smooth loan experiences from application to closing.

Experience:26 years
Reviews:150 customer reviews
5000 Corporate Woods Dr, Virginia Beach, VA 23462

Loan Types:

ConventionalFHAVAUSDARefinanceConstruction Loans
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Frequently Asked Questions

Common questions about mortgage lending in Chesterfield, VA

Are there any first-time homebuyer programs specific to Chesterfield County, VA that can help with down payment or closing costs?

Yes, the Virginia Housing Development Authority (VHDA) offers several statewide programs, like the VHDA Down Payment Assistance Grant, which are widely used in Chesterfield. Additionally, Chesterfield County itself administers the HOME Investment Partnerships Program, which provides down payment and closing cost assistance to eligible low-to-moderate income first-time buyers purchasing within the county. It's essential to work with a VHDA-approved lender to access these benefits.

How do property tax rates in Chesterfield County impact my monthly mortgage payment, and are there any exemptions?

Chesterfield County's property tax rate is currently $0.95 per $100 of assessed value, which is a key factor in calculating your escrow payment. Virginia also offers several exemptions that can lower this burden, such as the Disabled Veterans exemption. Your mortgage lender will incorporate the estimated annual tax into your monthly payment, so it's wise to budget for this significant local cost when determining how much house you can afford in Chesterfield.

What is the typical timeline for mortgage approval and closing on a home in Chesterfield's competitive market?

In Chesterfield's active market, a streamlined and fast mortgage process is crucial. While a typical timeline is 30-45 days from application to closing, getting fully pre-approved before you make an offer is strongly recommended to make your bid more competitive. Working with a local lender familiar with Virginia title laws and Chesterfield's specific appraisal districts can help avoid delays and ensure a smooth closing.

Are USDA rural development loans available for homes in Chesterfield County, VA?

Yes, significant portions of Chesterfield County, particularly areas south and west of the more densely populated central corridor, are still eligible for USDA Rural Development loans. This $0-down-payment program can be an excellent option for qualifying buyers looking in eligible zones like Moseley, Midlothian south of Route 60, or Chester. A lender can help you confirm a specific property's eligibility using the USDA's online mapping tool.

How do flood zones, particularly near the James River or Swift Creek, affect the mortgage process in Chesterfield?

Purchasing a home in a designated Special Flood Hazard Area (SFHA) in Chesterfield will require mandatory flood insurance as a condition of your mortgage loan. Lenders will order a Flood Zone Determination during processing. This additional insurance cost can impact your debt-to-income ratio and monthly payment, so it's critical to factor this in when considering properties in flood-prone areas like certain sections of the James River watershed.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Chesterfield, VA

Searching for "mortgage companies near me" is about more than just convenience; it's about finding a financial partner who understands the unique heartbeat of the Chesterfield community. As you embark on your homebuying journey here, partnering with a local expert can make all the difference in navigating our specific market dynamics and unlocking opportunities tailored to Virginia homebuyers.

Chesterfield's housing market presents a appealing mix of established neighborhoods, new developments, and more rural properties, each with its own value considerations. A mortgage lender with deep local roots has their finger on the pulse of appraisals in areas like Brandermill, Woodlake, or the rapidly growing Route 288 corridor. They understand which homes might have well and septic systems versus public utilities—a detail that can affect loan approval and property value. This local insight is invaluable when determining how much you can truly afford and crafting a strong, competitive offer in a market where well-priced homes can move quickly.

When evaluating mortgage companies near you, look for those who are not just physically close but are integrated into the Chesterfield fabric. Ask potential lenders if they regularly work with local real estate agents and title companies. This network often translates into smoother, faster closings. Furthermore, a local loan officer can provide crucial, on-the-ground advice, such as how property taxes in different parts of the county might impact your monthly payment or how Chesterfield's excellent school districts can influence long-term property value.

Virginia offers several regional programs that a knowledgeable local lender can help you access. The Virginia Housing Development Authority (VHDA) provides fantastic options for first-time and repeat homebuyers, including competitive interest rates, down payment assistance grants, and closing cost assistance. These programs have specific eligibility requirements regarding credit score, income limits, and homebuyer education, which a local mortgage professional can expertly guide you through. They can also advise on any county-specific initiatives or grants that might be available.

Your actionable first step? Go beyond the online search. Once you've identified a few "mortgage companies near me," pick up the phone or visit their office. Ask them pointed questions: "What VHDA programs do you most frequently use for Chesterfield buyers?" or "Can you share a recent example of a challenge you solved for a buyer in my target neighborhood?" Their answers will reveal their local expertise. Also, ensure they clearly explain the differences between conventional, FHA, and VA loans (a significant consideration with nearby military bases), and how each aligns with your financial picture.

Ultimately, the right mortgage company in Chesterfield will feel like a trusted guide. They will combine financial expertise with local knowledge to not only secure your loan but to help you confidently invest in the community you're excited to call home.

Nearby Cities

Explore mortgage lenders in cities near Chesterfield, VA

Why Choose a Mortgage Lender in Chesterfield?

Local Market Knowledge

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