The Best Mortgage Lenders in Church View, VA
Compare verified mortgage lenders serving Church View, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Church View
Featured Mortgage Lenders
Union Mortgage Group, Inc.
Union Mortgage Group, Inc.
Union Mortgage Group is a highly-rated local mortgage broker serving the Middle Peninsula and Tidewater regions including Church View. With exceptional 4.9-star ratings across multiple platforms, they specialize in personalized service and competitive rates for all loan types. Their team has deep knowledge of rural Virginia mortgage programs including USDA loans, which are particularly relevant for Church View area properties. The company has built a strong reputation over two decades for transparent communication and smooth closing processes.
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BayPort Credit Union
BayPort Credit Union
As one of Virginia's most established credit unions, BayPort has served the Tidewater region for over 90 years with multiple branches conveniently located near Church View. They offer competitive mortgage rates to members and non-members alike, with particular strength in first-time homebuyer programs and local construction loans. Their 4.7-star rating reflects consistent customer satisfaction, and their not-for-profit structure often results in lower fees and better terms than traditional banks. They have extensive experience with rural Virginia properties.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has a strong presence throughout Virginia with local loan officers specifically serving the Church View area. Rated 4.8 stars with hundreds of reviews, they're known for their efficient "7-day processing" approach and excellent customer service. While national in scope, they maintain local expertise with loan officers who understand Middle Peninsula real estate markets. Their streamlined digital process combined with local underwriting knowledge makes them a top choice for both purchase and refinance transactions in rural communities like Church View.
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Frequently Asked Questions
Common questions about mortgage lending in Church View, VA
Are there any special mortgage considerations for buying a home in Church View, VA, given its rural location?
Yes, due to Church View's rural designation in Gloucester County, many properties may be eligible for USDA Rural Development loans, which offer 100% financing with no down payment. Lenders will also pay close attention to well and septic system inspections, as municipal water and sewer are less common. Appraisals in rural areas can sometimes require appraisers with specific expertise, which may slightly impact the timeline.
What are typical property taxes for a mortgage in Church View, and how do they affect my monthly payment?
Gloucester County, where Church View is located, has a relatively low property tax rate. For the 2024 fiscal year, the rate is $0.58 per $100 of assessed value. On a $300,000 home, this translates to about $1,740 annually, or $145 added to your monthly mortgage escrow payment. It's important to factor this into your debt-to-income ratio calculations, as lenders will include this estimated payment.
Are there any first-time homebuyer programs specifically beneficial for Church View, VA, residents?
Virginia Housing offers statewide programs, like grants for down payment and closing costs, which are accessible to Church View buyers. Additionally, because Gloucester County is often included in the Hampton Roads region for some program purposes, you may also explore options from the Virginia Beach Housing & Neighborhood Preservation department, which sometimes extends its Mortgage Credit Certificate (MCC) program to surrounding counties, providing a federal tax credit.
How does the local Church View market, with its mix of riverfront and inland properties, influence mortgage appraisals?
The diverse property types—from modest single-family homes to premium properties with Rappahannock River frontage—mean comparable sales ("comps") are crucial. For waterfront homes, appraisers must find recent sales of similar river-access properties, which can be less frequent and may lead to more conservative valuations. This underscores the importance of a local lender familiar with the Gloucester County market to ensure a smooth appraisal process.
What is the average down payment needed for a conventional loan on a home in Church View?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Church View successfully secure conventional loans with 3%, 5%, or 10% down. Given the area's median home prices, a 5% down payment on a $350,000 home would be $17,500. Local lenders often work with buyers who have strong credit but modest savings, which is common for first-time buyers moving to this more affordable part of the Tidewater region.
Why Choose a Mortgage Lender in Church View?
Local Market Knowledge
Lenders who understand Church View'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 Church View and get competitive rates on your home loan.