The Best Mortgage Lenders in Henry, VA
Compare verified mortgage lenders serving Henry, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Henry
Featured Mortgage Lenders
TowneBank Mortgage
TowneBank
TowneBank Mortgage is a top-rated regional lender with a strong presence in Southern Virginia, including Henry County. Founded in 1999, they are known for competitive rates, personalized service, and deep community involvement. With over two decades of experience, they excel in providing a wide range of mortgage options and have consistently high customer satisfaction ratings due to their local decision-making and responsive support.
Loan Types:
Bank of the James Mortgage
Bank of the James
Bank of the James is a community-focused bank serving Central Virginia, including Henry, with a reputation for reliability and excellent customer service. Established in 1999, they offer diverse mortgage products and are praised for their local expertise, competitive rates, and commitment to helping homeowners in the region. Their long-standing presence and high review counts reflect strong trust and satisfaction among clients.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong track record in Virginia, including service to Henry. Founded in 2008, they combine digital efficiency with local support through dedicated loan officers, offering fast processing and competitive rates. High customer ratings and numerous reviews highlight their focus on transparency, education, and exceptional service, making them a top choice for borrowers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Henry, VA
What are the current average mortgage rates for homebuyers in Henry, VA, and how do they compare to state averages?
Mortgage rates in Henry typically align closely with national and Virginia state averages, but local lenders may offer competitive variations. As of recent trends, rates in this region are often slightly lower than in Northern Virginia due to less market pressure. It's best to check with local credit unions like American National Bank or Chartway for their specific, often favorable, rates for the 24103 zip code.
Are there any down payment assistance programs specifically for Henry, VA, first-time homebuyers?
Yes, first-time homebuyers in Henry can utilize the Virginia Housing Down Payment Assistance Grant (DPAG), which is widely accepted by local lenders. Additionally, the Martinsville-Henry County area may have targeted local initiatives or grants aimed at revitalizing specific neighborhoods. Working with a mortgage officer familiar with Virginia Housing programs is key to accessing these funds.
How does the appraisal process in Henry account for the mix of rural properties and established city neighborhoods?
Appraisals in Henry require expertise in both rural land valuation and traditional residential comparables. For properties with acreage outside the city limits, appraisers must evaluate well and septic systems, land use, and access. For homes in neighborhoods like Forest Park or within the city, they focus more on standard square footage and recent sales in a slower-moving market than metro areas.
What unique closing costs should I anticipate when buying a home in Henry, VA?
Beyond standard fees, buyers in Henry should budget for specific local costs. These include a city or county property tax proration, which varies, and potentially a well and septic inspection fee for non-municipal water properties. Title insurance and settlement agent fees are also standard, with local attorneys or title companies like Henry County Abstract handling most closings.
Are USDA Rural Development loans a common and viable option for mortgages in Henry, VA?
Absolutely. Given Henry County's eligible rural designation by the USDA, many homebuyers successfully use USDA loans, which offer 100% financing. This is a popular option for purchasing homes outside the central city limits, making homeownership more accessible. A local lender can confirm if a specific property address qualifies for this advantageous program.
Nearby Cities
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Why Choose a Mortgage Lender in Henry?
Local Market Knowledge
Lenders who understand Henry'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 Henry and get competitive rates on your home loan.