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Horsepen, VA

The Best Mortgage Lenders in Horsepen, VA

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

3
Top Lenders
4.8
Avg Rating
864+
Reviews
9
Loan Types

Available Loan Programs in Horsepen

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Construction
Investment Properties

Featured Mortgage Lenders

1

Virginia Credit Union Mortgage Services

Virginia Credit Union

★★★★☆
4.8/5

Virginia Credit Union stands out as one of the most highly-rated mortgage lenders serving central Virginia, including the Horsepen area. With over eight decades of service and exceptional 4.8-star ratings, VACU offers competitive rates and personalized service through their local Richmond branches. They specialize in first-time homebuyer programs and provide comprehensive mortgage counseling. Their strong community presence and member-focused approach make them a top choice for borrowers seeking reliable, local mortgage solutions with the stability of a well-established credit union.

Experience:86 years
Reviews:285 customer reviews
7500 Boulder View Drive, Richmond, VA 23225

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
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2

James River Mortgage

James River Mortgage Corporation

★★★★☆
4.9/5

James River Mortgage has built an outstanding reputation as a local Richmond-based mortgage broker serving the Horsepen area with exceptional 4.9-star ratings. Founded in 2000, they offer personalized service and access to multiple lenders, ensuring competitive rates and flexible terms. Their team specializes in navigating complex mortgage scenarios and provides hands-on guidance throughout the entire process. With extensive experience in central Virginia real estate markets and numerous positive reviews highlighting their responsiveness and expertise, they're a premier choice for borrowers seeking local, broker-based mortgage solutions.

Experience:24 years
Reviews:187 customer reviews
7113 Three Chopt Road, Richmond, VA 23226

Loan Types:

ConventionalFHAVAUSDAConstructionRefinanceInvestment Properties
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3

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.7/5

Movement Mortgage has established a strong presence in the Richmond area serving Horsepen with their efficient processing and competitive loan products. With a 4.7-star rating and nearly 400 reviews, they're known for their streamlined digital mortgage experience combined with local expertise. Their "On the Movement" program provides upfront underwriting approval, often closing loans in as little as 3 weeks. Founded in 2008, they've grown to become one of the top mortgage lenders nationally while maintaining strong local service through their Richmond branch, making them an excellent choice for tech-savvy borrowers seeking speed and reliability.

Experience:15 years
Reviews:392 customer reviews
909 East Main Street, Richmond, VA 23219

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
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Frequently Asked Questions

Common questions about mortgage lending in Horsepen, VA

Are there any first-time homebuyer programs specific to Horsepen, VA, that can help with down payment or closing costs?

While Horsepen itself may not have a city-specific program, as part of Chesterfield County, Virginia, homebuyers have access to the Virginia Housing Down Payment Assistance Grant (DPAG) and Closing Cost Assistance Grant (CCAG). These statewide programs are widely used in the area and can provide significant grants that do not require repayment, helping to make homeownership more accessible in Horsepen's competitive market.

How do property taxes in Horsepen, VA, impact my monthly mortgage payment?

Your monthly mortgage payment in Horsepen will include an escrow for Chesterfield County property taxes, which are a key component. Chesterfield County's current real estate tax rate is $0.95 per $100 of assessed value. This rate is competitive within the Richmond metro area but is an important factor to budget for, as it directly increases your total monthly payment beyond just principal and interest.

What types of homes and price points are most common in Horsepen, and how does that affect loan type choices?

Horsepen features a mix of established single-family homes, townhomes, and some newer construction, with a median sale price typically above the Richmond metro average. Given the price points, conventional loans are very common. For the many homes that may be older or in established neighborhoods, a thorough home inspection is crucial, and some buyers may utilize renovation loans like the FHA 203(k) to update properties.

Is private mortgage insurance (PMI) a common requirement for buyers in Horsepen, and are there ways to avoid it?

Yes, PMI is common for conventional loans with less than 20% down. Given Horsepen's desirable location and home values, saving for a full 20% down payment can be challenging for many. However, lenders in the area often discuss options like Lender-Paid Mortgage Insurance (LPMI) or using a "piggyback" loan structure (an 80-10-10 loan) to avoid traditional monthly PMI, which can be a smart financial strategy here.

How does Horsepen's location within Chesterfield County influence the appraisal process for a mortgage?

Appraisals in Horsepen must carefully consider its specific location advantages, such as proximity to major highways (Chippenham Parkway, Powhite Parkway), the Swift Creek Reservoir, and top-rated Chesterfield County schools. Appraisers will use recent comparable sales ("comps") primarily from within the Horsepen/991 corridor and similar nearby neighborhoods, as values can differ significantly from other parts of the county.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Broker is Your Secret Weapon in Horsepen, VA

Searching for a "home loan broker near me" in Horsepen, Virginia, is more than just a convenience—it’s a strategic move for navigating our unique housing landscape. While online lenders are a click away, a broker who knows the dirt roads and main streets of Bland County can be the difference between a good deal and the perfect one for your family.

Horsepen offers a distinct blend of rural tranquility, stunning mountain views, and more accessible pricing than many Virginia markets. This attracts buyers seeking space and value, but it also comes with considerations a local broker understands intimately. They know how lenders view properties with well water and septic systems, the value of acreage in our area, and which appraisers are familiar with the comparable sales in our spread-out community. They can advise on whether a USDA Rural Development loan—a powerful zero-down-payment option—is a fit for your chosen property, as much of Bland County qualifies.

Here’s your actionable plan for finding and working with a broker in Horsepen:

First, think hyper-local. Don’t just search for Virginia brokers; seek out professionals who operate in Southwest Virginia. They’ll have established relationships with regional banks and credit unions that often offer competitive terms and truly understand local property values. Ask any candidate: "Can you share examples of recent loans you've closed in Bland County?" Their answer will tell you everything.

Second, leverage their knowledge of Virginia-specific programs. A top-tier local broker will guide you through options like the Virginia Housing Down Payment Assistance Grant, which can provide crucial funds for first-time buyers. They can also explain how the state’s mortgage credit certificate program can put money back in your pocket come tax time. These programs have specific nuances, and a broker familiar with them ensures you don’t leave money on the table.

Finally, use them as your market interpreter. A good broker does more than find rates; they help you craft a strong, realistic offer. They can advise on what contingencies are prudent in our market and how to present your financials to stand out to a seller. In a smaller community, their professional reputation can also add credibility to your offer.

Your journey to a home in Horsepen deserves a guide who knows the territory. By partnering with a dedicated home loan broker embedded in our region, you gain an advocate who can translate the complexities of financing into a clear path forward, helping you secure not just a house, but your place in these beautiful Virginia hills.

Nearby Cities

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Why Choose a Mortgage Lender in Horsepen?

Local Market Knowledge

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