The Best Mortgage Lenders in Edinburg, VA
Compare verified mortgage lenders serving Edinburg, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edinburg
Featured Mortgage Lenders
First Bank & Trust Company
First Bank & Trust Company
First Bank & Trust Company is a highly-rated local institution with deep roots in the Shenandoah Valley, serving Edinburg directly for over a century. Known for personalized service and competitive rates, they excel in customer satisfaction with a 4.6 rating based on 142 reviews. Their mortgage team offers a wide range of loan products, including government-backed options, and is praised for reliability, community involvement, and seamless local processing. As an established bank with physical branches, they provide face-to-face support tailored to rural and small-town homebuyers.
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Shenandoah Valley Credit Union
Shenandoah Valley Credit Union
Shenandoah Valley Credit Union is a top-rated regional lender serving Edinburg and the broader Shenandoah Valley with a 4.7 rating from 189 reviews. Founded in 1954, it offers member-focused mortgage solutions, including competitive first-time homebuyer programs and low-rate refinancing. Customers highlight its exceptional customer service, local decision-making, and community-centric approach. While headquartered in Harrisonburg, SVCU actively serves Edinburg residents with online tools and in-person support, making it a trusted choice for personalized lending.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong local presence in Virginia, including service to Edinburg. Founded in 2008, it boasts a 4.8 rating from 275 reviews for its efficient processing, competitive rates, and dedicated customer support. Specializing in a broad array of loan types, Movement is praised for its quick closings and technology-driven convenience, with local loan officers providing personalized service. Its commitment to community engagement and high satisfaction scores make it a top choice for borrowers seeking reliability and modern lending solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Edinburg, VA
What are typical mortgage rates for homebuyers in Edinburg, VA, and how do they compare to state averages?
Mortgage rates in Edinburg generally align with national and Virginia state averages, but local lenders may offer competitive terms due to the rural nature of Shenandoah County. It's wise to compare rates from both local community banks, like Bank of Clarke County or Blue Ridge Bank, and larger national lenders. Factors like your down payment and the property's location within the county can also influence your final rate.
Are there any special loan programs for first-time homebuyers in Edinburg?
Yes, first-time homebuyers in Edinburg can utilize the Virginia Housing Development Authority (VHDA) programs, which offer competitive interest rates, down payment assistance grants, and closing cost assistance. These programs are particularly valuable in Edinburg's market, where they can help bridge the gap for buyers with moderate incomes. A local mortgage lender familiar with VHDA guidelines is essential for navigating these options successfully.
How does the appraisal process work for a historic home in Edinburg's downtown district?
Appraising a historic home in Edinburg requires a specialist familiar with the Shenandoah Valley's historic architecture and preservation guidelines. Lenders will order an appraisal from someone with experience valuing unique features, antique materials, and potential renovation needs. This process can be more detailed and may take slightly longer than a standard appraisal for a newer property.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Edinburg?
Your mortgage payment will include escrow for Shenandoah County property taxes, which are relatively moderate, and homeowners insurance. Given Edinburg's rural setting, it's crucial to confirm if the property requires flood insurance (check FEMA maps near the North Fork of the Shenandoah River) and to consider the potential cost of a septic system inspection and well water test, which lenders often require.
Are USDA Rural Development loans a common and viable option for mortgages in Edinburg, VA?
Absolutely. Given Edinburg's location, most of the town and surrounding Shenandoah County are eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a highly popular and practical option for qualified buyers, making homeownership more accessible in this area. A local lender with USDA experience can confirm the specific property's eligibility.
Nearby Cities
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Why Choose a Mortgage Lender in Edinburg?
Local Market Knowledge
Lenders who understand Edinburg'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 Edinburg and get competitive rates on your home loan.