The Best Mortgage Lenders in Jenkins Bridge, VA
Compare verified mortgage lenders serving Jenkins Bridge, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jenkins Bridge
Featured Mortgage Lenders
Jason R. Burton
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is one of the most highly-rated mortgage lenders serving Virginia's Eastern Shore region, including Jenkins Bridge. Founded in 1996, they have built an exceptional reputation for personalized service and competitive rates. Their Virginia Beach office serves the entire Eastern Shore area with specialized knowledge of rural properties and coastal lending. They consistently receive top marks for customer satisfaction, with particular expertise in VA loans and first-time homebuyer programs. Their local loan officers understand the unique market dynamics of Virginia's rural communities.
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Michael D. Gorman
George Mason Mortgage, LLC
George Mason Mortgage has been serving Virginia communities for over 30 years with a strong focus on personalized service and local market expertise. While based in Northern Virginia, they serve the entire state including the Eastern Shore region. They are particularly noted for their construction lending expertise and USDA rural development loans, making them well-suited for Jenkins Bridge area properties. Their experienced loan officers provide comprehensive guidance through the entire mortgage process with competitive rates and flexible loan options for both primary residences and investment properties.
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Chris Allman
Movement Mortgage
Movement Mortgage has established a strong presence throughout Virginia with local loan officers who specialize in serving rural communities like Jenkins Bridge. Their Newport News office regularly serves clients across the Eastern Shore with efficient processing and competitive rates. They are particularly recognized for their quick closing times and excellent customer service. Movement offers a wide range of loan products with special expertise in government-backed loans including VA and USDA options that are popular in rural Virginia markets. Their digital mortgage process combined with local expertise makes them a top choice for Eastern Shore homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Jenkins Bridge, VA
Are there any special mortgage considerations for buying a home in the rural areas surrounding Jenkins Bridge, VA?
Yes, many properties in and around Jenkins Bridge may qualify for USDA Rural Development loans, which offer 100% financing with no down payment. This is a significant advantage for buyers in this area, as the region is designated as rural by the USDA. Lenders familiar with the local market will also be crucial for navigating well and septic system requirements, which are common.
What are typical property taxes like for a mortgage in Jenkins Bridge, and how do they affect my monthly payment?
Property taxes in Accomack County, where Jenkins Bridge is located, are relatively low compared to more urban parts of Virginia. The current rate is approximately $0.64 per $100 of assessed value. For a $300,000 home, this translates to about $1,920 annually, or $160 added to your monthly mortgage escrow payment, making homeownership more affordable on a monthly basis.
Are there any local or state programs for first-time homebuyers in Jenkins Bridge that I should know about?
Yes, the Virginia Housing Development Authority (VHDA) offers several programs, such as the VHDA FHA and Conventional loans with down payment assistance grants, which are available to eligible buyers in Jenkins Bridge. These programs can be combined with VHDA's competitive interest rates and are particularly helpful for first-time buyers navigating the Eastern Shore's market.
How does the seasonal economy on Virginia's Eastern Shore impact mortgage qualification for local buyers?
Lenders underwriting mortgages for buyers who work in seasonal industries like tourism, agriculture, or fishing will typically look for a strong two-year history of employment and income. They may average your income over 24 months to account for off-season fluctuations. Providing thorough documentation and working with a local lender who understands these economic cycles is essential for a smooth approval process.
Is flood insurance a common requirement for mortgages in Jenkins Bridge, VA?
Given Jenkins Bridge's proximity to the Chesapeake Bay and low-lying coastal areas, flood insurance is a frequent and important requirement. Lenders will mandate a policy if the property is in a FEMA-designated Special Flood Hazard Area (SFHA). Even if not required, it is highly recommended due to the region's vulnerability to storm surge and heavy rainfall, and this cost must be factored into your total monthly housing expense.
Why Choose a Mortgage Lender in Jenkins Bridge?
Local Market Knowledge
Lenders who understand Jenkins Bridge'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 Jenkins Bridge and get competitive rates on your home loan.