The Best Mortgage Lenders in Goode, VA
Compare verified mortgage lenders serving Goode, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Goode
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is one of Virginia's most highly-rated mortgage lenders with a strong presence throughout central Virginia. Founded in Virginia Beach and now serving the entire state, they have extensive experience serving rural communities like Goode. Their 4.9-star rating comes from exceptional customer service, competitive rates, and specialized knowledge of VA and USDA loans which are particularly relevant for the Goode area. They're known for their local loan processing and underwriting teams who understand the unique aspects of rural Virginia property financing.
Loan Types:
Member One Federal Credit Union
Member One Federal Credit Union
As a longstanding regional credit union, Member One serves multiple counties in central Virginia including Franklin County where Goode is located. With over eight decades of community banking experience, they offer highly competitive mortgage rates to members and are particularly strong with first-time homebuyer programs and construction loans. Their local decision-making process and personalized service make them a top choice for Goode residents seeking a community-focused lender with deep roots in the region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established a strong local presence in central Virginia with a dedicated Lynchburg office that actively serves the Goode community. They're particularly noted for their efficient processing and "on-time closing guarantee" which provides certainty for homebuyers. Their expertise with rural housing loans and VA loans makes them well-suited for the Goode market. The company maintains high customer satisfaction ratings through local loan officers who understand the specific needs and property types common in rural Virginia communities.
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Frequently Asked Questions
Common questions about mortgage lending in Goode, VA
What are typical mortgage rates for homebuyers in Goode, VA, and how do they compare to state averages?
Mortgage rates in Goode generally align with national and Virginia state averages, but local lenders may offer competitive terms due to the rural nature of Fauquier County. It's common to see rates slightly lower than in Northern Virginia's urban centers. To get the best rate, compare offers from regional banks, credit unions like UVA Community Credit Union, and national lenders familiar with the area.
Are there any special loan programs for first-time homebuyers in Goode, VA?
Yes, first-time homebuyers in Goode can access the Virginia Housing Development Authority (VHDA) loan programs, which offer competitive rates, down payment assistance grants, and closing cost assistance. Additionally, Fauquier County may have local initiatives or partnerships; checking with lenders like Bank of Fauquier or Virginia Credit Union is recommended to explore all available options for the area.
How does the appraisal process work for rural properties in and around Goode?
Appraising rural properties in Goode can be more complex due to larger lots, well and septic systems, and unique land features. Lenders often require appraisers with specific experience in rural Fauquier County to accurately assess value. Be prepared for a potentially longer process and ensure your lender uses local appraisers familiar with comparable sales in the Goode and surrounding areas.
What should I know about property taxes and insurance when calculating my mortgage payment in Goode?
Fauquier County property taxes are a key component, with a current rate of $0.87 per $100 of assessed value. For insurance, due to the rural setting, lenders will require homeowners insurance, and if your property includes significant acreage or outbuildings, you may need additional coverage. Your lender can help you estimate these escrow costs accurately for your specific Goode property.
Are USDA Rural Development loans a viable option for mortgages in Goode, VA?
Absolutely. Goode's location makes many properties eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment) for qualified buyers with moderate incomes. This is a highly attractive program for the area, but you must confirm the specific property's eligibility through the USDA's online mapping tool and work with a USDA-approved lender.
Why Choose a Mortgage Lender in Goode?
Local Market Knowledge
Lenders who understand Goode'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 Goode and get competitive rates on your home loan.