The Best Mortgage Lenders in Hudgins, VA
Compare verified mortgage lenders serving Hudgins, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hudgins
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group is a top-rated regional lender founded in Virginia Beach with a strong presence in the Hampton Roads area, including Hudgins. Known for exceptional customer service and competitive rates, they specialize in a wide range of loan products and have built a reputation for smooth, efficient closings. Their local loan officers understand the unique market dynamics of coastal Virginia, and they consistently receive high marks for responsiveness and personalized guidance throughout the mortgage process.
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TowneBank Mortgage
TowneBank
TowneBank is a highly respected community-focused bank with deep roots in the Hampton Roads region, serving Hudgins and surrounding areas. Their mortgage division offers personalized service with local decision-making, competitive rates, and a variety of loan options. With a strong emphasis on building long-term relationships, TowneBank is praised for its reliability, transparency, and commitment to the local community, making it a trusted choice for homebuyers in Mathews County.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong local presence in Virginia, known for its innovative technology and fast closing times. They serve Hudgins through dedicated loan officers familiar with the area's real estate market. Movement emphasizes customer satisfaction with a streamlined process, competitive pricing, and a wide array of loan products. Their high ratings stem from consistent service excellence and a commitment to making home financing accessible and straightforward.
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Frequently Asked Questions
Common questions about mortgage lending in Hudgins, VA
Are there any special mortgage considerations for buying a waterfront or near-water property in Hudgins, VA?
Yes, purchasing property near the Chesapeake Bay or its tributaries in Hudgins often requires additional steps. Lenders may mandate a separate flood elevation certificate and require flood insurance, which is a mandatory part of your monthly payment. It's crucial to factor this into your budget, as premiums can be significant depending on the property's specific flood zone designation.
What local or state programs are available to help first-time homebuyers in Hudgins?
First-time homebuyers in Hudgins can leverage the Virginia Housing Development Authority (VHDA) programs, which are widely used in Mathews County. These include competitive interest rate loans, down payment assistance grants like the VHDA Down Payment Assistance Grant (DPAG), and closing cost assistance. A local lender familiar with VHDA can guide you through the income and purchase price limits that apply to the Hudgins area.
How does the rural nature of Hudgins and Mathews County affect the mortgage appraisal process?
Appraisals in Hudgins can be more complex due to its rural setting and lower transaction volume. Finding comparable sales ("comps") for unique or waterfront properties may take longer, potentially delaying closing. Using a lender who works with appraisers experienced in the Middle Peninsula and Northern Neck regions is key to getting an accurate and timely valuation.
What are typical property taxes like in Hudgins, and how do they impact my mortgage payment?
Mathews County, which includes Hudgins, has a relatively low real estate tax rate compared to more urban parts of Virginia. For 2024, the county rate is $0.59 per $100 of assessed value. While low, taxes are still included in your monthly escrow payment, and lenders will calculate this based on the assessed value of the home you're purchasing to ensure your payment is accurate.
Are USDA Rural Development loans a viable option for mortgages in Hudgins, VA?
Absolutely. Given its location, much of Hudgins and Mathews County is eligible for USDA Single-Family Housing Guaranteed Loans. This is a significant benefit, as it allows eligible buyers to purchase a home with 0% down payment. You should check the USDA eligibility map for the specific property address, as it's a powerful tool for making homeownership more accessible in this area.
Why Choose a Mortgage Lender in Hudgins?
Local Market Knowledge
Lenders who understand Hudgins'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 Hudgins and get competitive rates on your home loan.