The Best Mortgage Lenders in Jamesville, VA
Compare verified mortgage lenders serving Jamesville, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jamesville
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group is a highly acclaimed lender with a strong reputation for exceptional customer service and competitive mortgage rates. Founded in 1996, they have deep roots in Virginia and specifically serve the Eastern Shore region, including Jamesville. They are known for their efficient loan processing, personalized approach, and numerous industry awards, such as top lender rankings from Scotsman Guide. With a focus on community involvement and high customer satisfaction, they offer a wide range of loan products tailored to first-time homebuyers, veterans, and refinancers, making them a trusted choice for local residents.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a robust local presence in Virginia, including service to Jamesville. Founded in 2008, they are praised for their swift loan approvals and transparent processes, often completing mortgages in as little as 30 days. They have a strong commitment to customer satisfaction, evidenced by high ratings and positive reviews for their knowledgeable loan officers. Movement Mortgage actively supports local communities through charitable initiatives and offers flexible loan options, making them ideal for a variety of borrowers, from military families to those seeking affordable first-time homebuyer programs.
Loan Types:
TowneBank Mortgage
TowneBank Mortgage, a division of TowneBank
TowneBank Mortgage is a regional leader with decades of experience serving Virginia communities, including Jamesville on the Eastern Shore. Established in 1999, they combine the stability of a local bank with extensive mortgage expertise, offering competitive rates and personalized service. They are highly rated for their community-focused approach, with loan officers who understand the unique needs of rural and coastal areas. TowneBank is known for its reliability, strong customer relationships, and a full suite of loan products, including construction and renovation loans, making them a top choice for homebuyers seeking trusted, long-term support.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Jamesville, VA
What are the typical down payment requirements for homes in Jamesville, VA, given its rural location?
In Jamesville and surrounding Northampton County, many lenders offer USDA Rural Development loans, which require **0% down payment** for eligible borrowers and properties. This is a major advantage for the area. Conventional loans typically still require 3-5% down, but the prevalence of USDA loans makes homeownership more accessible here.
Are there any local or state-specific first-time homebuyer programs that are particularly useful in Jamesville?
Yes, the **Virginia Housing Down Payment Assistance Grant (DPA)** is a key resource. This grant provides up to 2.5% of the home's purchase price to help with down payment and closing costs, which does not need to be repaid. When combined with a Virginia Housing loan, this can be especially powerful in Jamesville's market, helping to offset upfront costs.
How does the appraisal process work for a home in a rural area like Jamesville, and are there any unique challenges?
Appraisals in Jamesville can be more complex due to the scarcity of recent, comparable home sales ("comps") in the immediate area. Appraisers may need to look at properties over a wider geographic range or further back in time. Using a local lender familiar with Northampton County can help, as they often work with appraisers who understand how to properly value rural and waterfront properties common here.
What should I know about getting a mortgage for a property with acreage or waterfront access near the Chesapeake Bay in Jamesville?
Lenders may have stricter requirements for properties with significant acreage (often over 10 acres) or direct waterfront, as they are considered non-standard. You may need a larger down payment (sometimes 20-30%) and the lender will require specific insurance, like flood insurance. It's crucial to work with a lender experienced in these types of rural and recreational properties.
Are mortgage rates in Jamesville, VA, different from the national average?
Mortgage rates are primarily set by national markets, so they are generally consistent. However, your final rate in Jamesville will depend heavily on your personal financial profile and the specific loan program. Local credit unions, like BayPort Credit Union or Langley Federal Credit Union which serve the region, can sometimes offer competitive rates or special programs for Eastern Shore residents that are worth exploring.
Nearby Cities
Explore mortgage lenders in cities near Jamesville, VA
Why Choose a Mortgage Lender in Jamesville?
Local Market Knowledge
Lenders who understand Jamesville'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 Jamesville and get competitive rates on your home loan.