The Best Mortgage Lenders in Hillsville, VA
Compare verified mortgage lenders serving Hillsville, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hillsville
Featured Mortgage Lenders
Carter Bank & Trust Mortgage Department
Carter Bank & Trust
As the primary local banking institution in Hillsville, Carter Bank & Trust maintains strong community roots with personalized mortgage services. They offer competitive rates for Carroll County residents and specialize in rural property financing, including USDA loans ideal for the Hillsville area. Their local loan officers provide face-to-face service and understand the unique real estate market of Southwest Virginia.
Loan Types:
George Mason Mortgage
George Mason Mortgage, LLC
Serving Southwest Virginia including Hillsville, George Mason Mortgage has built an exceptional reputation over three decades with consistently high customer satisfaction ratings. They specialize in guiding buyers through the entire mortgage process with transparent communication and competitive rates. Their expertise with VA and USDA loans makes them particularly valuable for military families and rural property buyers in the Hillsville region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage maintains a strong presence throughout Virginia with local loan officers serving the Hillsville area. They're renowned for their efficient "7-day processing" and excellent customer service, earning numerous industry awards. Their digital mortgage platform combined with local expertise provides Hillsville residents with both convenience and personalized service, particularly strong with first-time homebuyer programs and rural development loans.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Hillsville, VA
What are the current mortgage rates like in Hillsville, VA, and are they different from state averages?
Mortgage rates in Hillsville are generally in line with national and Virginia state averages, but local lenders may offer competitive terms. As a more rural market, rates can sometimes be slightly higher than in major metro areas due to smaller lender competition, but shopping with local credit unions like Blue Eagle Credit Union or regional banks can yield favorable rates. It's always wise to compare at least three local lenders.
Are there any down payment assistance or first-time homebuyer programs specifically for Hillsville or Carroll County?
Yes, homebuyers in Hillsville can access the Virginia Housing Down Payment Assistance (DPA) grant, which is available statewide and particularly valuable in markets with lower home prices like Carroll County. Additionally, the Mount Rogers Planning District Commission may offer counseling and information on local resources. These programs can significantly help with the upfront costs of purchasing a home in the area.
How does the appraisal process work for unique or rural properties in the Hillsville area?
Appraising rural properties in and around Hillsville, which may include land, manufactured homes, or homes with unique features, requires an appraiser familiar with the local Carroll County market. Lenders will seek appraisers who understand comparable sales in rural settings, which can sometimes take longer than in suburban areas. It's important to work with a lender experienced in rural mortgages to ensure a smooth process.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Hillsville?
Carroll County property taxes are relatively low compared to urban Virginia, which helps keep overall housing costs affordable. However, homeowners insurance can be a significant factor, especially for properties with wood stoves, older wiring, or in areas further from fire hydrants. Your lender will help you escrow these costs, but getting insurance quotes early in the process is crucial for an accurate payment estimate.
Are USDA Rural Development loans a common and good option for buying a home in Hillsville, VA?
Absolutely. Hillsville and most of Carroll County are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is one of the most popular and advantageous loan programs in the area due to its rural designation, making homeownership accessible for low-to-moderate income buyers. It's an excellent program to explore for qualifying properties and borrowers.
Nearby Cities
Explore mortgage lenders in cities near Hillsville, VA
Why Choose a Mortgage Lender in Hillsville?
Local Market Knowledge
Lenders who understand Hillsville'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 Hillsville and get competitive rates on your home loan.