SSL Secured
Privacy Protected
Licensed & Regulated
MortgageLenderNearMe
Hampton, VA

The Best Mortgage Lenders in Hampton, VA

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

3
Top Lenders
4.9
Avg Rating
160+
Reviews
6
Loan Types

Available Loan Programs in Hampton

Conventional
FHA
VA
USDA
Refinance
Jumbo

Featured Mortgage Lenders

1

Debbie Robbins Loan Officer with RW Towne Mortgage

Debbie Robbins Loan Officer with RW Towne Mortgage

★★★★★
5/5

Debbie Robbins is a loan officer with RW Towne Mortgage, serving the Hampton, VA area. With a strong commitment to client satisfaction, she helps borrowers find suitable mortgage solutions.

Experience:18 years
Reviews:88 customer reviews
2306 Cunningham Dr, Hampton, VA 23666

Loan Types:

ConventionalFHAVAUSDARefinance
Visit Website
2

BayPort Credit Union

BayPort Credit Union

★★★★☆
4.7/5

BayPort Credit Union is a member-owned financial institution based in Hampton, VA, offering mortgage services to its members. With a strong local presence, they provide a range of home loan options tailored to meet diverse needs.

Experience:18 years
Reviews:60 customer reviews
199 Fox Hill Rd, Hampton, VA 23669

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
Visit Website
3

Stephen Anderson with NewTowne Mortgage

Stephen Anderson with NewTowne Mortgage

★★★★★
5/5

Stephen Anderson is a mortgage lender with NewTowne Mortgage, serving the Hampton, VA area. He provides home financing solutions with a focus on customer service.

Experience:15 years
Reviews:12 customer reviews
2306 Cunningham Dr, Hampton, VA 23666

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
Visit Website

Think you should be listed here?

If you're a licensed mortgage lender serving Hampton, VA, contact our editorial team to learn about being featured in our directory.

Get in Touch

Frequently Asked Questions

Common questions about mortgage lending in Hampton, VA

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

Yes, Hampton homebuyers can access the Virginia Housing Down Payment Assistance Grant (DPA), which provides up to 2.5% of the home's purchase price for down payment and closing costs. Additionally, the City of Hampton offers the HOMEownership Down Payment and Closing Cost Assistance Program, which provides a deferred, forgivable loan of up to $10,000 for eligible low-to-moderate income first-time buyers purchasing within city limits.

How does living in a coastal city like Hampton affect my mortgage insurance or loan requirements?

Lenders in Hampton will require a separate flood insurance policy for homes in designated Special Flood Hazard Areas (SFHAs), which is common in neighborhoods near the Chesapeake Bay, Back River, or other waterways. This is mandatory for a mortgage and is an additional monthly cost beyond standard homeowners insurance. Your lender will order a flood zone determination as part of the loan process.

What are typical mortgage rates and closing costs for buyers in Hampton?

While rates are set by national markets, local lender competition can cause slight variations. Hampton buyers should expect closing costs, including title insurance, recording fees, and lender charges, to typically range from 2% to 5% of the loan amount. It's wise to compare Loan Estimates from both local credit unions, like Langley Federal Credit Union, and national lenders to find the best combination of rate and fees.

Are there specific loan programs or considerations for buying a home near military bases like Langley AFB or Fort Eustis?

Absolutely. Many Hampton lenders are exceptionally experienced with VA loans, which are a cornerstone of the local market due to the large military and veteran population. Furthermore, some local lenders offer specialized VA loan expertise and may have programs with more flexible underwriting for service members. It's also important to consider the potential for aircraft noise when ordering an appraisal in certain areas.

How do property taxes in Hampton work and how are they handled in my mortgage payment?

The City of Hampton has a property tax rate of $1.16 per $100 of assessed value (for 2024). Your mortgage lender will typically collect 1/12th of the estimated annual tax bill each month as part of your total mortgage payment, holding the funds in an escrow account to pay the city directly when bills are due. Note that Hampton also has a personal property tax on vehicles, which is separate and not included in your mortgage.

Mortgage Insights

Finding Your Path to Homeownership: A Guide to USDA Lenders in Hampton, VA

If you're dreaming of buying a home in Hampton but are concerned about the down payment, you might have a powerful ally right in your backyard—quite literally. The USDA loan program, which offers 100% financing for eligible homes in designated rural and suburban areas, is a fantastic opportunity for many local buyers. The key to unlocking this benefit is connecting with the right USDA-approved lenders near you in Hampton, Virginia.

Here’s the great news for Hampton homebuyers: much of the city and its surrounding areas in Hampton Roads are eligible for USDA financing. While you might picture farms, the USDA's definition of "rural" is surprisingly inclusive, encompassing many of Hampton's charming neighborhoods. This makes the program highly relevant to our local market, offering a competitive edge to qualified buyers in a area with diverse housing options. Partnering with a local lender who understands these specific geographic boundaries is your first crucial step.

So, how do you find and work with the right USDA lender in Hampton? Start by looking for mortgage brokers or direct lenders with proven experience in USDA loans. Not all banks and credit unions offer them, so ask directly. Local lenders familiar with Virginia’s programs can be invaluable. For instance, they can guide you on how a USDA loan might pair with Virginia Housing's Down Payment Assistance Grant, potentially covering your closing costs too. A Hampton-based lender will also have a keen understanding of the local appraisal process and which properties are most likely to meet the USDA's strict property condition requirements.

Your actionable first step is to get pre-qualified. This involves a lender reviewing your income, debt, and credit to ensure you meet the USDA's guidelines, which include income limits based on household size for Hampton City. A local lender will know these exact figures and can help you calculate your eligibility. Remember, USDA loans are for primary residences only, so investment properties or vacation homes don't qualify.

When searching for "USDA lenders near me," prioritize those who offer clear communication and education. The process has unique steps, like the USDA's guarantee fee and specific home eligibility checks. A good lender will walk you through it all. Don't hesitate to ask potential lenders how many USDA loans they've closed in the past year and for references from local clients.

For Hampton residents, using a USDA loan can be the key to affording a single-family home, townhouse, or even a new construction in an eligible area without depleting your savings. By taking the time to find an experienced, local USDA lender, you're not just getting a mortgage—you're gaining a knowledgeable guide to help you plant roots in our community. Start your search today, and move closer to owning your piece of Hampton.

Nearby Cities

Explore mortgage lenders in cities near Hampton, VA

Why Choose a Mortgage Lender in Hampton?

Local Market Knowledge

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