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Gretna, VA

The Best Mortgage Lenders in Gretna, VA

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

3
Top Lenders
4.8
Avg Rating
470+
Reviews
7
Loan Types

Available Loan Programs in Gretna

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-Time Homebuyer

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

Movement Mortgage is a highly-rated national lender with a strong local presence in Southside Virginia, known for its exceptional customer service and competitive rates. They specialize in a wide range of loan products, including first-time homebuyer programs, and have a reputation for quick closings and personalized attention. Their Lynchburg office serves Gretna and surrounding areas, with many customers praising their transparency and efficiency in the mortgage process.

Experience:16 years
Reviews:150 customer reviews
1906 Thomson Dr, Lynchburg, VA 24501

Loan Types:

ConventionalFHAVAUSDAJumbo
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2

Atlantic Bay Mortgage Group

Atlantic Bay Mortgage Group, LLC

★★★★☆
4.9/5

Atlantic Bay Mortgage Group is a top-rated regional lender with deep roots in Virginia, offering extensive loan options and exceptional local expertise. They are praised for their knowledgeable loan officers and seamless application process, making them a favorite for homebuyers in Gretna and the Danville area. Their commitment to community involvement and customer satisfaction has earned them numerous awards and high reviews for reliability and competitive pricing.

Experience:28 years
Reviews:200 customer reviews
123 S Boston Rd, Danville, VA 24541

Loan Types:

ConventionalFHAVARefinanceFirst-Time Homebuyer
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3

Fairway Independent Mortgage

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

Fairway Independent Mortgage is a reputable lender with a strong presence in Southside Virginia, known for its innovative technology and personalized service. They offer a comprehensive suite of mortgage products and are highly regarded for their competitive rates and efficient processing. Serving Gretna from their Danville office, they have built a loyal customer base through their focus on education and support for homebuyers, with many reviews highlighting their responsiveness and professional guidance.

Experience:28 years
Reviews:120 customer reviews
456 River St, Danville, VA 24541

Loan Types:

ConventionalFHAVAUSDAJumbo
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Frequently Asked Questions

Common questions about mortgage lending in Gretna, VA

Are there any special mortgage programs for first-time homebuyers in Gretna, VA?

Yes, the Virginia Housing Development Authority (VHDA) offers several programs, including down payment assistance grants and favorable loan terms, which are accessible to buyers in Gretna. Additionally, Pittsylvania County may have local initiatives or grants, so it's wise to consult with a lender familiar with the Southside Virginia market to explore all options for making homeownership more affordable.

How do property taxes in Pittsylvania County affect my monthly mortgage payment in Gretna?

Pittsylvania County has a relatively low real estate tax rate compared to more urban areas of Virginia, which can help keep your total monthly mortgage payment (PITI) more manageable. For the 2024 tax year, the rate is $0.59 per $100 of assessed value. Your lender will calculate an escrow estimate based on the purchase price of your home to include this cost in your monthly payment.

What is the typical down payment required for a home in Gretna's market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Gretna utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's more moderate home prices. For the many eligible rural properties in and around Gretna, USDA loans offer a zero-down-payment option, which is a popular choice for qualified buyers.

How does the appraisal process work for a home in a rural area like Gretna?

Appraisals in Gretna can be more complex due to the rural setting and potentially fewer comparable recent sales ("comps"). Lenders will use appraisers familiar with Pittsylvania County who know how to properly value properties with larger lots, well and septic systems, and unique characteristics. This process may take slightly longer than in a dense suburban market.

Are USDA loans a common and good option for mortgages in Gretna, VA?

Absolutely. Given Gretna's designation as a rural area by the USDA, many homes qualify for USDA Section 502 Guaranteed Loans. These are a fantastic option for eligible buyers as they require no down payment and often have competitive interest rates. A local mortgage lender can help you determine if your income and the specific property location meet the USDA's requirements.

Mortgage Insights

Finding Your Key to Gretna: Why a Local Home Loan Broker is Your Best First Step

Searching for a "home loan broker near me" in Gretna, Virginia, is more than just a convenience—it's a strategic move for any serious homebuyer in our unique market. While online lenders are a click away, the personalized guidance of a broker who knows Pittsylvania County can make the difference between finding a house and finding your home.

Gretna presents a compelling mix of small-town charm, natural beauty with the nearby Blue Ridge Mountains, and more affordable housing compared to larger Virginia metros. However, navigating this market requires local insight. A Gretna-area broker understands the nuances of property values in different neighborhoods, from historic downtown areas to newer developments. They can advise on what to expect during a home inspection given the local housing stock and can even recommend reputable local inspectors and real estate attorneys, creating a seamless buying team.

On a practical level, a local broker does the heavy lifting for you. They have established relationships with a wide network of lenders, including regional banks and credit unions that might offer special programs for Virginians. This access is crucial because they can shop your loan profile to find the most competitive rates and terms specifically suited for your financial situation and the type of property you're buying in Gretna, whether it's a single-family home or land.

Virginia offers several regional programs that a knowledgeable broker will help you leverage. The Virginia Housing Development Authority (VHDA) provides fantastic options for first-time and repeat homebuyers, including down payment assistance grants and favorable loan rates. A local broker is well-versed in these programs and can determine your eligibility, ensuring you don't leave any money on the table. They also understand the closing cost norms and property tax structures in Pittsylvania County, helping you budget accurately.

Your actionable advice starts here. First, when searching for a broker, look for strong local references and proven experience in the Gretna area. Schedule consultations with a few to find someone who communicates clearly and makes you feel confident. Come prepared with questions about their experience with VHDA programs, their typical lender network, and their understanding of the current Gretna market trends. Be ready to discuss your finances openly; a good broker is a trusted advisor who can only help if they have the full picture.

Ultimately, partnering with a home loan broker near Gretna is about securing more than financing—it's about gaining a local ally. In a market where word-of-mouth and relationships matter, their expertise can guide you smoothly from pre-approval to closing, turning your dream of owning a home in Gretna into a well-supported reality. Your first smart move in this housing journey is to find the right professional to walk it with you.

Nearby Cities

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Why Choose a Mortgage Lender in Gretna?

Local Market Knowledge

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