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Eggleston, VA

The Best Mortgage Lenders in Eggleston, VA

Compare verified mortgage lenders serving Eggleston, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
655+
Reviews
8
Loan Types

Available Loan Programs in Eggleston

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Land

Featured Mortgage Lenders

1

Atlantic Bay Mortgage Group

Atlantic Bay Mortgage Group

★★★★☆
4.9/5

Atlantic Bay Mortgage Group is consistently rated among the top mortgage lenders in Southwest Virginia, serving the Eggleston area with exceptional customer satisfaction. With over 25 years of experience and numerous industry awards, they specialize in rural and mountain property financing, including USDA loans ideal for the Eggleston region. Their local Blacksburg office provides personalized service with deep knowledge of Montgomery County real estate markets, offering competitive rates and streamlined digital processing while maintaining strong community relationships throughout the New River Valley.

Experience:26 years
Reviews:450 customer reviews
110 Professional Park Dr SE, Blacksburg, VA 24060

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Bank of Floyd

Bank of Floyd

★★★★☆
4.8/5

As a community bank with deep roots in Southwest Virginia, Bank of Floyd has been serving rural communities like Eggleston for over a century. Their mortgage department offers personalized service with local decision-making authority, particularly strong in rural property financing and construction loans. With their main branch just 30 minutes from Eggleston, they provide competitive rates and flexible terms tailored to the unique needs of mountain and rural property buyers, backed by their longstanding reputation for customer service and community support throughout the region.

Experience:117 years
Reviews:85 customer reviews
345 W Main St, Floyd, VA 24091

Loan Types:

ConventionalFHAVAConstructionLandRefinance
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3

American National Bank and Trust Company

American National Bank and Trust Company

★★★★☆
4.7/5

American National Bank and Trust Company brings over a century of banking experience to the Eggleston area through their Blacksburg location. As a regional community bank, they offer the stability of a large institution with the personalized service of a local lender. Their mortgage team specializes in rural property financing and has extensive experience with the unique aspects of Montgomery County real estate. They're particularly noted for their responsive service, local underwriting, and competitive construction loan programs, making them an excellent choice for Eggleston area homebuyers seeking reliable mortgage services with regional expertise.

Experience:114 years
Reviews:120 customer reviews
1800 Main St, Blacksburg, VA 24060

Loan Types:

ConventionalFHAVAUSDAConstructionRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Eggleston, VA

What are the typical down payment requirements for homes in Eggleston, given its rural setting and property types?

For the diverse properties in Eggleston, from riverfront lots to mountain cabins, conventional loans typically require 5-20% down. However, USDA Rural Development loans are a popular option here, as much of the area qualifies, allowing for 0% down payment. Local lenders are well-versed in appraising unique rural properties to meet these requirements.

Are there any local or state-specific first-time homebuyer programs beneficial for purchasing in Eggleston?

Yes, the Virginia Housing (VHDA) Down Payment Assistance Grant is highly valuable for Eggleston buyers, providing up to 2.5% of the loan amount in non-repayable grant funds. Pairing this with a VHDA loan can offer competitive rates and reduced mortgage insurance, making entry into the local market more accessible despite moderate incomes.

How does Eggleston's location in a flood zone near the New River affect the mortgage process?

Properties in the Eggleston floodplain will require mandatory flood insurance, which your lender will mandate as a condition of the loan. This is a significant additional monthly cost that must be factored into your debt-to-income ratio. It's crucial to get a flood elevation certificate early in the process to determine the exact insurance premium.

What type of lenders or loan programs are best suited for financing land or a manufactured home in the Eggleston area?

For financing land or a manufactured home, local community banks and credit unions, such as those in nearby Pearisburg or Blacksburg, are often more flexible than national lenders. They may offer portfolio loans for land, and for manufactured homes, a specialized "chattel loan" or a FHA Title I loan might be appropriate if the home is on a non-permanent foundation.

How do mortgage rates in Eggleston compare to the national or state average, and what influences them locally?

Rates in Eggleston are generally aligned with national averages but can be slightly influenced by local factors. The rural nature of the county can sometimes limit lender competition, potentially leading to marginally higher rates. However, using a lender familiar with Virginia Housing programs can often secure rates at or below the state average for qualified buyers.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Eggleston, Virginia

Searching for "home loan companies near me" is more than just finding a convenient office location. For homebuyers looking at the charming landscapes and tight-knit communities of Eggleston, Virginia, it's about finding a financial partner who understands the unique rhythm of our local market. Nestled in Giles County along the New River, Eggleston offers a blend of riverfront properties, historic homes, and scenic mountain views that require a lender with local insight.

The Eggleston housing market doesn't move with the frenzy of a major metro area. Properties here are often unique, and valuations can be nuanced, considering factors like river access, mountain views, and acreage. A local loan officer familiar with Giles and Montgomery counties will understand these subtleties better than a national call center. They can accurately assess property types common to our area, from older farmhouses to newer builds on larger lots, ensuring a smoother appraisal process. This local expertise is invaluable when navigating a market where inventory can sometimes be limited and properties don't always fit a standard template.

Your search should focus on lenders who are well-versed in both Virginia-specific programs and the realities of rural living. A crucial first step is to explore the Virginia Housing Development Authority (VHDA). VHDA offers fantastic programs for first-time and repeat homebuyers, including competitive interest rates, down payment assistance grants, and affordable mortgage loans. A local lender who is a VHDA-approved partner can seamlessly guide you through these options, which can be a game-changer for affordability. Furthermore, given Eggleston's setting, it's wise to discuss USDA Rural Development loans with any company you consult. Many areas in and around Eggleston qualify for these USDA loans, which offer the significant benefit of zero down payment—a powerful tool for buyers in our region.

Here is your actionable plan: Start by asking for personal recommendations from your real estate agent, who works with local lenders daily. Then, make a shortlist of three to four companies with a physical presence in nearby towns like Pearisburg, Blacksburg, or Christiansburg. Schedule brief consultations with each. Come prepared to ask specific questions: "What is your experience with properties in the Eggleston area?" "Can you walk me through the VHDA programs I might qualify for?" "Do you handle USDA loans frequently?" Pay attention not just to the rates, but to how well they listen and explain the process.

Ultimately, the right "home loan company near you" for an Eggleston purchase is one that combines competitive products with genuine local knowledge. They should be a guide who helps you secure not just a loan, but a key to your new life in the beautiful New River Valley. Take the time to find that partner, and you'll be one step closer to calling this special part of Virginia home.

Nearby Cities

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Why Choose a Mortgage Lender in Eggleston?

Local Market Knowledge

Lenders who understand Eggleston'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 Eggleston and get competitive rates on your home loan.