The Best Mortgage Lenders in Critz, VA
Compare verified mortgage lenders serving Critz, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Critz
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group is a highly-rated lender with deep roots in Virginia, known for its exceptional customer service and competitive rates. With over 25 years of experience, they specialize in a wide range of loan products, including VA and USDA loans that are popular in rural areas like Critz. Their team of local loan officers provides personalized service, and they have consistently high ratings for reliability and fast closings, making them a top choice for homebuyers in the region.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong presence in Virginia, praised for its efficient processes and high customer satisfaction. They offer a variety of loan options, including programs tailored for first-time homebuyers and rural properties, which are relevant to Critz residents. Their commitment to community engagement and competitive rates, combined with numerous positive reviews for responsive service, positions them as a reliable option for mortgages in the area.
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New American Funding
New American Funding, LLC
New American Funding is a well-established lender serving Virginia with a focus on diversity and accessible home financing. They provide a broad spectrum of loan types, including government-backed options like FHA and VA loans, which are beneficial for buyers in Critz. With over two decades of experience, they have built a reputation for transparent pricing and dedicated support, earning high marks from customers for their professionalism and ability to handle complex mortgage scenarios.
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Frequently Asked Questions
Common questions about mortgage lending in Critz, VA
What are the typical mortgage rates available for homes in Critz, VA, and how do they compare to state averages?
Mortgage rates in Critz, VA, are generally aligned with national and state averages, but can be influenced by the rural nature of Patrick County. As of recent trends, rates for a 30-year fixed mortgage in the area often range slightly above the national average due to smaller local lender competition. It's advisable to compare offers from regional banks, credit unions, and national lenders to secure the best rate for this specific market.
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Critz?
Yes, first-time homebuyers in Critz can explore the Virginia Housing Development Authority (VHDA) programs, which offer competitive rates, down payment assistance grants, and closing cost assistance. These programs are accessible statewide, including in rural areas like Critz, and can be particularly helpful given the area's moderate income levels. Additionally, some local credit unions may offer specific first-time buyer products tailored to Patrick County residents.
How does the appraisal process work for a home in Critz, given its rural setting?
Appraisals in Critz can be more complex due to the rural landscape and potentially fewer comparable home sales ("comps"). Lenders often require appraisers familiar with rural properties who can account for factors like land value, well and septic systems, and access to utilities. This process might take slightly longer than in urban areas, so buyers should factor in extra time during their mortgage contingency period.
What should I know about property taxes and insurance when calculating my mortgage payment in Critz?
Patrick County, where Critz is located, has a relatively low property tax rate compared to more urban parts of Virginia, which can positively impact your monthly payment. However, homeowners insurance may have specific considerations for rural properties, such as coverage for detached structures or land features. It's important to get accurate quotes for both to ensure your escrow calculations are correct.
Are USDA Rural Development loans a common and viable option for mortgages in Critz, VA?
Absolutely. Given Critz's designation as a rural area, USDA loans are an excellent and popular option for eligible buyers. These loans offer 100% financing (no down payment) for qualified borrowers with moderate incomes, making homeownership more accessible in this community. Most of Patrick County, including Critz, is eligible for USDA loans, which can be a significant advantage over conventional financing.
Why Choose a Mortgage Lender in Critz?
Local Market Knowledge
Lenders who understand Critz'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 Critz and get competitive rates on your home loan.