The Best Mortgage Lenders in Clifton, VA
Compare verified mortgage lenders serving Clifton, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clifton
Featured Mortgage Lenders
First Home Mortgage
First Home Mortgage Corporation
First Home Mortgage has been serving Northern Virginia for over three decades with exceptional customer satisfaction ratings. They specialize in the unique Clifton and Fairfax County real estate markets, offering personalized service and competitive rates. Their local processing and underwriting teams provide faster closings and better communication throughout the mortgage process. They are particularly noted for their expertise with jumbo loans and luxury properties common in the Clifton area.
Loan Types:
Cardinal Financial
Cardinal Financial Company, Limited Partnership
Cardinal Financial has built an outstanding reputation across Northern Virginia with particular strength in the Clifton and Fairfax County markets. They offer a wide range of loan products with competitive pricing and exceptional customer service. Their local presence combined with national lending capabilities allows them to provide both personalized service and competitive national rates. They are known for their efficient processing and strong relationships with local real estate professionals.
Loan Types:
George Mason Mortgage
George Mason Mortgage, LLC
As one of the most established mortgage lenders in Northern Virginia, George Mason Mortgage has deep roots in the Clifton community. They are locally owned and operated, providing personalized service with local decision-making. Their long-standing relationships with local builders and real estate agents give them unique insights into the Clifton market. They are particularly strong with conventional and jumbo loans, offering competitive rates and flexible terms tailored to the area's unique housing needs.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Clifton, VA
What are typical down payment requirements for homes in Clifton, VA, given the high property values?
Due to Clifton's high median home prices, which often exceed $1 million, conventional loans typically require a 20% down payment to avoid private mortgage insurance (PMI). However, for qualified buyers, jumbo loans are common and may require 10-20% down, with stricter credit and reserve requirements. It's crucial to work with a lender experienced in Northern Virginia's luxury market to structure the appropriate loan.
Are there any local or state programs in Virginia that can help with down payment assistance for buying in Clifton?
While Clifton's prices often exceed the limits for most first-time buyer programs, the Virginia Housing Down Payment Grant (DPG) can still be applicable for some properties at the lower end of the market. More commonly, buyers utilize conventional loan programs with lower down payment options or explore physician loans or professional loans, which are popular in this area for high-earning professionals with student debt.
How do property taxes in Clifton impact my mortgage payment and qualification?
Fairfax County property taxes are a significant component of your monthly payment in Clifton. The current rate is approximately $1.11 per $100 of assessed value. Lenders will calculate your debt-to-income ratio including this tax escrow, which can be substantial given the high assessments. It's important to get an accurate tax estimate early in the process, as it affects both your monthly budget and how much home you can qualify for.
What special considerations are there for getting a mortgage on a historic or older home in Clifton's historic district?
Financing a home in Clifton's historic district often requires a thorough appraisal that accounts for the value of historic preservation and unique architectural features. Lenders may have stricter requirements for older homes regarding condition, so a clean home inspection is critical. It's advisable to work with a local lender familiar with the nuances of the Clifton market who understands how to properly value these distinctive properties.
How competitive is the mortgage pre-approval process in Clifton's real estate market?
Extremely competitive. Given the low inventory and high demand in Clifton, sellers expect strong, fully underwritten pre-approvals from reputable local lenders, not just simple pre-qualifications. A robust pre-approval from a lender known in Northern Virginia can make your offer stand out. Rates and terms can vary, so shopping among local credit unions and banks familiar with Fairfax County is recommended to secure the best deal for a fast-moving market.
Nearby Cities
Explore mortgage lenders in cities near Clifton, VA
Why Choose a Mortgage Lender in Clifton?
Local Market Knowledge
Lenders who understand Clifton'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 Clifton and get competitive rates on your home loan.