The Best Mortgage Lenders in Fairfax, VA
Compare verified mortgage lenders serving Fairfax, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fairfax
Featured Mortgage Lenders
George Mason Mortgage
George Mason Mortgage, LLC
George Mason Mortgage is one of Northern Virginia's most respected local mortgage lenders with deep roots in the Fairfax community. Founded in 1994, they have built an exceptional reputation for personalized service and competitive rates. Their team specializes in all types of mortgage products including conventional, FHA, VA, and jumbo loans, with particular expertise in serving government employees, military personnel, and first-time homebuyers. With hundreds of 5-star reviews praising their responsive communication and smooth closing processes, they maintain strong relationships with local real estate professionals and consistently receive high marks for making the mortgage process straightforward and stress-free.
Loan Types:
Navy Federal Credit Union
Navy Federal Credit Union
As one of the largest credit unions in the world with a massive presence in Northern Virginia, Navy Federal Credit Union serves Fairfax residents with exceptional mortgage products and member-focused service. While founded in 1933, their mortgage division has decades of specialized experience serving the Fairfax area. They offer highly competitive rates, particularly on VA loans, and are known for their streamlined application process and excellent customer service. Members consistently praise their low fees, transparent pricing, and the expertise of their local loan officers. Their physical branch network throughout Fairfax County provides convenient in-person service combined with robust digital capabilities.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Fairfax Team
Fairway Independent Mortgage's Fairfax branch has established itself as a top-performing mortgage lender in the Northern Virginia market with exceptional customer satisfaction ratings. Founded in 1996, their local team brings deep knowledge of the Fairfax real estate market and maintains strong relationships with area real estate agents. They excel at navigating complex loan scenarios and are particularly praised for their communication throughout the loan process. Customers consistently highlight their competitive rates, efficient processing, and the personal attention they receive from application through closing. Their comprehensive loan product portfolio serves everything from first-time homebuyers to luxury property purchases.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Fairfax, VA
What are the current mortgage rates like in Fairfax, VA, and how do they compare to national averages?
Mortgage rates in Fairfax are typically very competitive and closely aligned with national averages, but can be slightly influenced by the high demand and strong credit profiles common in the local market. It's wise to shop around with both national lenders and local credit unions or community banks in Northern Virginia, as they may offer special programs. Rates can vary daily, so locking in a rate when you find a favorable one is crucial in this active market.
Are there any special first-time homebuyer programs available specifically for Fairfax, VA, residents?
Yes, the Virginia Housing Development Authority (VHDA) offers several programs, like the VHDA FHA and Conventional loans, which are widely used by Fairfax homebuyers. These can provide competitive interest rates, down payment assistance grants, and closing cost assistance. Additionally, some local employers, such as those in the federal government or defense sector, may have partnerships with lenders offering special mortgage products.
How does the high property tax rate in Fairfax County impact my mortgage and overall affordability?
Fairfax County has one of the higher property tax rates in Virginia, which significantly affects your total monthly housing payment. Lenders will include this estimated tax payment in your debt-to-income ratio calculation, which can reduce the loan amount you qualify for. It's essential to factor in this ongoing cost, not just the mortgage principal and interest, when determining your budget for a home in Fairfax.
What should I know about condo financing in Fairfax, given the number of condo communities in the area?
Financing a condo in Fairfax requires extra diligence, as lenders will scrutinize the homeowners association's (HOA) financial health, insurance, and owner-occupancy rates. Many condo buildings in older areas of Fairfax may not be on FHA or VA approved lists, limiting your loan options. A local mortgage broker familiar with the specific condo complexes in Fairfax City and the county can be invaluable in navigating these requirements.
How do bonus and commission incomes common in the Fairfax job market affect mortgage qualification?
For Fairfax professionals in sales, tech, or consulting, lenders typically require a two-year history of receiving bonus or commission income to average it for qualification. They will use an average of your last 24 months of variable income. Having consistent or increasing earnings strengthens your application. Be prepared to provide detailed documentation, including W-2s and tax returns, to verify this income stream.
Why Choose a Mortgage Lender in Fairfax?
Local Market Knowledge
Lenders who understand Fairfax'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 Fairfax and get competitive rates on your home loan.