The Best Mortgage Lenders in Exmore, VA
Compare verified mortgage lenders serving Exmore, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Exmore
Featured Mortgage Lenders
Shore Bank
Shore Bank
Shore Bank is a highly respected community bank on Virginia's Eastern Shore, known for its deep local roots and personalized service. With over a century of experience, they offer competitive mortgage rates and a wide range of loan products tailored to the unique needs of Exmore residents. Their high customer satisfaction ratings stem from responsive support, transparency, and commitment to the community, making them a top choice for homebuyers seeking reliable, local expertise.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong presence in Virginia, serving the Eastern Shore including Exmore. They are praised for their efficient processing, competitive rates, and exceptional customer service. Founded in 2008, they combine technology with a personal touch, offering quick approvals and a streamlined application process. Their high review counts and ratings reflect a reputation for reliability and support throughout the mortgage journey.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading mortgage lender with a robust digital platform and local offices serving Exmore and surrounding areas. Known for competitive rates and a wide array of loan options, they provide a seamless, tech-driven experience while maintaining personalized support. With over two decades in business, they have built a strong track record for customer satisfaction, transparency, and timely closings, making them a trusted choice for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Exmore, VA
What are the current mortgage rates like in Exmore, VA, and how do they compare to state averages?
Mortgage rates in Exmore are generally competitive with statewide Virginia averages, but can be slightly influenced by the rural nature of the Eastern Shore. Local lenders familiar with the Northampton County market often offer personalized rates. It's advisable to compare offers from both local community banks and larger regional lenders to secure the best possible rate for your specific financial situation.
Are there any special loan programs for first-time homebuyers in Exmore?
Yes, Virginia Housing (formerly VHDA) offers several statewide programs that are accessible to Exmore buyers, including down payment assistance grants and favorable loan terms for first-time buyers. Additionally, some local lenders on the Eastern Shore may have specific products or knowledge of USDA Rural Development loans, which are highly relevant for many properties in and around Exmore due to its location.
How does the appraisal process work for a home in Exmore, given its unique location on Virginia's Eastern Shore?
Appraisals in Exmore require an appraiser with specific knowledge of the local market, as comparable sales ("comps") may be limited due to lower transaction volume. An appraiser must understand the value of land, waterfront proximity, and rural versus in-town properties. Using a local lender who regularly works with appraisers familiar with Northampton County is crucial to ensure an accurate and fair valuation.
What should I know about property taxes and insurance when calculating my mortgage payment in Exmore?
Northampton County property taxes are relatively moderate compared to more urban areas of Virginia. However, you must factor in flood insurance, which is a critical and often mandatory expense for many properties in Exmore due to its low-lying coastal geography. Your lender will require a flood zone determination, and this insurance cost must be included in your monthly escrow payment calculation.
Are USDA loans a common and good option for buying a home in Exmore, VA?
Absolutely. USDA Rural Development loans are an excellent and frequently used option in Exmore, as most of the area qualifies for this $0-down-payment program. These loans are designed for low-to-moderate income buyers in eligible rural areas, making homeownership more accessible. A local mortgage broker can confirm specific property eligibility and help you navigate the income requirements for this advantageous program.
Nearby Cities
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Why Choose a Mortgage Lender in Exmore?
Local Market Knowledge
Lenders who understand Exmore'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 Exmore and get competitive rates on your home loan.