The Best Mortgage Lenders in Jersey, VA
Compare verified mortgage lenders serving Jersey, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jersey
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is one of Virginia's most highly-rated mortgage lenders with an exceptional reputation throughout the state. Founded in Virginia Beach, they have extensive experience serving homebuyers across Virginia, including the Jersey area. They consistently receive top marks for their competitive rates, personalized service, and efficient loan processing. Their team specializes in all major loan types with particular expertise in VA loans, making them an excellent choice for military families and veterans. With hundreds of outstanding reviews highlighting their responsive communication and smooth closing processes, they maintain one of the highest customer satisfaction ratings in the region.
Loan Types:
Virginia Credit Union
Virginia Credit Union
As one of Virginia's most trusted financial institutions, Virginia Credit Union has been serving members across the state for nearly nine decades. While based in Richmond, they actively serve members throughout central Virginia, including the Jersey area. They offer highly competitive mortgage rates to members and are particularly noted for their exceptional customer service and educational approach to home financing. Their mortgage specialists provide personalized guidance through the entire homebuying process, with special programs for first-time homebuyers and competitive VA loan options. Their longstanding community presence and member-focused approach make them a reliable choice for Jersey area homebuyers.
Loan Types:
George Mason Mortgage
George Mason Mortgage, LLC
George Mason Mortgage has been a leading regional mortgage lender serving Virginia homebuyers for over three decades. While headquartered in Northern Virginia, they have extensive experience serving clients throughout the state, including central Virginia communities like Jersey. They are particularly respected for their local market expertise and commitment to competitive pricing. The company maintains strong relationships with real estate professionals across Virginia and is known for their reliable service and timely closings. Their experienced loan officers provide comprehensive mortgage solutions with a focus on building long-term client relationships, backed by their solid reputation in the Virginia mortgage industry.
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Frequently Asked Questions
Common questions about mortgage lending in Jersey, VA
What are the typical mortgage rates and down payment expectations for homes in Jersey, Virginia?
Mortgage rates in Jersey, VA, are generally aligned with national averages but can be influenced by local market competition and property types. For the area's mix of rural properties and newer subdivisions, down payments typically range from 3% for conventional loans to 3.5% for FHA loans, though some rural properties may qualify for USDA loans with 0% down.
Are there any specific first-time homebuyer programs or grants available in Jersey, VA?
Yes, first-time homebuyers in Jersey should explore the Virginia Housing Development Authority (VHDA) programs, which offer competitive rates, down payment assistance grants, and closing cost assistance. These programs are accessible in Caroline County and can be particularly helpful given the area's median home prices.
How does the rural nature of Jersey, VA, affect my mortgage options, like USDA loans?
Given Jersey's location in Caroline County, many properties are eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. It's crucial to have your chosen property checked against the USDA eligibility map, as specific boundaries can affect qualification.
What should I know about property taxes and insurance when calculating my mortgage payment in Jersey?
Caroline County, where Jersey is located, has a relatively low property tax rate compared to more urban parts of Virginia, which can make monthly payments more affordable. However, you should budget for flood insurance if your property is near the Mattaponi or Rappahannock Rivers, as this can be a required addition to your escrow payment.
Are jumbo loans common in the Jersey, VA, housing market, and what are the requirements?
Jumbo loans are less common in Jersey due to the area's generally affordable home prices, which are typically below the conforming loan limits. For 2024, the standard limit for Caroline County is $766,550, and most local purchases fall well under this threshold, making conventional conforming loans the standard.
Why Choose a Mortgage Lender in Jersey?
Local Market Knowledge
Lenders who understand Jersey'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 Jersey and get competitive rates on your home loan.