The Best Mortgage Lenders in Dunn Loring, VA
Compare verified mortgage lenders serving Dunn Loring, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dunn Loring
Featured Mortgage Lenders
Michael D. Kelsey
Presidential Bank Mortgage
Presidential Bank Mortgage has been serving the Northern Virginia area for over 35 years with exceptional customer satisfaction ratings. Michael Kelsey and his team specialize in the Dunn Loring and Fairfax County market, offering personalized mortgage solutions with competitive rates. Their extensive experience with local real estate markets and various loan programs makes them a top choice for homebuyers in the area. They are particularly known for their responsive service and expertise in jumbo loans for the higher-priced Dunn Loring housing market.
Loan Types:
John R. Rector
George Mason Mortgage
George Mason Mortgage is a locally-owned and operated mortgage lender deeply embedded in the Northern Virginia community. With over 50 years of experience, they have established an outstanding reputation for reliability and competitive pricing. They offer a comprehensive range of loan products specifically tailored to Virginia homebuyers and are particularly strong in serving first-time homebuyers and military families with VA loans. Their local underwriting and processing teams provide faster turnaround times and personalized service.
Loan Types:
David T. Brown
First Home Mortgage - Northern Virginia
First Home Mortgage has been serving the Dunn Loring and greater Northern Virginia area for over 30 years with consistently high customer satisfaction ratings. David Brown and his team are known for their expertise in the local market conditions and providing competitive mortgage solutions. They excel at navigating complex loan scenarios and offer particularly strong jumbo loan programs suitable for Dunn Loring's premium housing market. Their streamlined process and local decision-making authority make them a preferred choice for area real estate professionals.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Dunn Loring, VA
What are the current mortgage rates like in Dunn Loring, VA, and how do they compare to the national average?
Mortgage rates in Dunn Loring are typically very competitive and closely aligned with national averages, but can be influenced by the high property values and strong credit profiles common in Northern Virginia. It's common to see rates slightly below the national average for well-qualified buyers due to the low-risk, high-demand market. Working with a local lender familiar with Fairfax County can help you secure the most favorable terms.
Are there any special down payment assistance programs for first-time homebuyers in Dunn Loring?
Yes, Dunn Loring homebuyers can access several Virginia state-wide programs, such as the Virginia Housing Down Payment Assistance Grant (DPA) and VHDA loans, which are particularly helpful given the area's high home prices. Additionally, Fairfax County offers its own "Homeownership Assistance Program" (HAP) for eligible low-to-moderate income first-time buyers, which can provide closing cost and down payment help.
How does the proximity to the Dunn Loring-Merrifield Metro station impact the mortgage process or property valuation?
Homes within a 0.5 to 1-mile radius of the Dunn Loring Metro station often command a significant price premium, which lenders recognize through higher appraised values. When applying for a mortgage, this transit-oriented location is viewed favorably, potentially supporting a higher loan amount. However, it's crucial to ensure the appraisal accurately reflects this premium to avoid issues with loan-to-value ratios.
What should I know about property taxes and how they affect my monthly mortgage payment in Dunn Loring?
Dunn Loring is in Fairfax County, which has a property tax rate of $1.11 per $100 of assessed value (as of 2023). This is a significant factor in your total monthly payment, as taxes are often escrowed. For a typical Dunn Loring home, annual property taxes can easily exceed $8,000, so lenders will calculate your debt-to-income ratio including this substantial escrow payment.
Are condos and townhouses in Dunn Loring subject to any special mortgage lending rules?
Yes, financing condos in Dunn Loring, especially in older complexes or those with high investor concentration, can involve stricter lender requirements like Fannie Mae's project review. For townhouses, which are very popular in the area, standard financing applies, but lenders will pay close attention to Homeowners Association (HOA) fees and reserves, as high dues can impact your qualifying debt-to-income ratio.
Nearby Cities
Explore mortgage lenders in cities near Dunn Loring, VA
Why Choose a Mortgage Lender in Dunn Loring?
Local Market Knowledge
Lenders who understand Dunn Loring'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 Dunn Loring and get competitive rates on your home loan.