The Best Mortgage Lenders in Hiltons, VA
Compare verified mortgage lenders serving Hiltons, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hiltons
Featured Mortgage Lenders
Chris G. Salyer
Paramount Residential Mortgage Group
Paramount Residential Mortgage Group is one of the highest-rated mortgage lenders serving the Tri-Cities region including Hiltons, VA. With over 20 years in business and an exceptional 4.9 rating, they specialize in rural and suburban home financing. Chris Salyer and his team have extensive experience with USDA loans which are particularly relevant for the Hiltons area, plus they offer competitive conventional, FHA, and VA options. Their Kingsport location provides convenient local service while maintaining the backing of a national mortgage banking firm with direct lending capabilities.
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Mortgage Department
Bank of Tennessee
Bank of Tennessee is a well-established community bank with deep roots in the Tri-Cities region serving Northeast Tennessee and Southwest Virginia, including Hiltons. With over 45 years in business and consistently high ratings, they offer personalized mortgage services with local underwriting and decision-making. Their mortgage team has extensive experience with construction loans and rural property financing, making them an excellent choice for the Hiltons market. As a community-focused institution, they provide competitive rates and maintain strong relationships throughout the region.
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Lender 3
Eastman Credit Union
Eastman Credit Union is one of the largest and most respected financial institutions in the region, serving members throughout Southwest Virginia including Hiltons. With nearly 90 years of operation and hundreds of positive reviews, ECU offers exceptionally competitive mortgage rates and terms to members. They specialize in various loan programs including USDA rural development loans perfect for the Hiltons area, plus they have extensive experience with VA loans for military families. Their local underwriting and personalized service make them a top choice for mortgage financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Hiltons, VA
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Hiltons, VA?
Yes, homebuyers in Hiltons can utilize statewide Virginia Housing (VHDA) programs, which are accessible in Scott County. These include down payment assistance grants and favorable loan options with competitive rates. It's also wise to check with local lenders about any community-specific initiatives for this rural area.
How do property types common in Hiltons, like larger land parcels or older homes, affect the mortgage process?
Purchasing a home on several acres or an older farmhouse may require a specialized appraisal to accurately value the unique property and land. Some lenders may have specific requirements for properties with wells and septic systems, which are common here, so it's important to work with a lender experienced in rural properties.
What are typical mortgage rates and closing costs like for buyers in Hiltons compared to larger Virginia cities?
While interest rates are largely set by national markets, closing costs in Hiltons and Scott County can be lower than in urban areas due to potentially lower transfer taxes and recording fees. However, you should always get a detailed Loan Estimate from local lenders to compare specific offers.
Is USDA Rural Development financing a viable option for mortgages in Hiltons, VA?
Absolutely. Given Hiltons' location, most of the area is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a highly attractive program for eligible buyers looking in this designated rural area, making homeownership more accessible.
How does the local Hiltons real estate market—with its limited inventory—impact mortgage pre-approval and offers?
In a market with fewer listings, having a strong, verified pre-approval from a reputable local lender is crucial to make your offer competitive. Sellers often favor buyers who can demonstrate solid financing quickly, as it reduces the risk of the deal falling through during the mortgage underwriting process.
Nearby Cities
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Why Choose a Mortgage Lender in Hiltons?
Local Market Knowledge
Lenders who understand Hiltons'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 Hiltons and get competitive rates on your home loan.