The Best Mortgage Lenders in Dungannon, VA
Compare verified mortgage lenders serving Dungannon, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dungannon
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 27 years in business, they have a strong presence in the Southwest Virginia and Northeast Tennessee region, serving Dungannon with a wide range of loan options. Their high ratings stem from personalized service, fast processing times, and a commitment to community involvement, making them a reliable choice for homebuyers in rural areas.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly reputable national lender with a strong track record in Virginia, including service to Dungannon. Founded in 2008, they excel in providing competitive rates and efficient loan processing, backed by thousands of positive reviews for their customer-centric approach. Their dedication to local communities and extensive loan options, such as VA and USDA loans, makes them ideal for the Dungannon area, especially for first-time homebuyers and veterans.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a well-established mortgage lender with a national presence that includes serving Dungannon, Virginia. With 15 years of experience, they are praised for their flexible loan programs, competitive rates, and high customer satisfaction. Their expertise in rural housing loans, like USDA options, aligns well with Dungannon's needs, and their robust online tools streamline the application process for convenience and reliability.
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Frequently Asked Questions
Common questions about mortgage lending in Dungannon, VA
What are the typical mortgage rates available for homebuyers in Dungannon, VA?
Mortgage rates in Dungannon are generally competitive with national averages, but local lenders may offer slightly different terms. As a rural area, rates can be influenced by factors like property type and loan size, so it's wise to compare offers from regional banks and credit unions like First Bank & Trust Company or local mortgage brokers who understand the Scott County market.
Are there any down payment assistance programs specifically for buyers in Dungannon or Scott County?
Yes, homebuyers in Dungannon may qualify for the Virginia Housing Down Payment Assistance Grant, which provides funds that do not need to be repaid. Additionally, the USDA Rural Development loan program is highly relevant for Dungannon, as it offers 100% financing with no down payment required for eligible borrowers and properties in this designated rural area.
How does the appraisal process work for unique or rural properties in Dungannon?
Appraising rural properties in Dungannon can be challenging due to fewer comparable sales. Lenders often require appraisers with specific experience in valuing land, older homes, or properties with unique features common in Scott County. This process might take longer than in urban areas, so buyers should build extra time into their closing schedule.
What local lenders are most familiar with the Dungannon real estate market?
Local and regional financial institutions are often the best choice. First Bank & Trust Company, which has branches in nearby Weber City and Gate City, has deep knowledge of the area. Credit unions like Appalachian Power Company Credit Union also serve the region and understand the nuances of lending in Dungannon's specific market conditions.
Are there any special mortgage considerations for buying a home in a flood zone in Dungannon, given its location along the Clinch River?
Yes, properties in certain areas of Dungannon near the Clinch River may be in a FEMA-designated flood zone. Lenders will require a flood elevation certificate and mandate flood insurance as a condition of the mortgage, which adds to your monthly costs. It's crucial to check the official FEMA flood maps early in your home search to understand this potential requirement and cost.
Nearby Cities
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Why Choose a Mortgage Lender in Dungannon?
Local Market Knowledge
Lenders who understand Dungannon'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 Dungannon and get competitive rates on your home loan.