The Best Mortgage Lenders in Kents Store, VA
Compare verified mortgage lenders serving Kents Store, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kents Store
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong local presence in the Charlottesville area, serving Kents Store and surrounding communities. Known for exceptional customer service, competitive rates, and a wide range of loan options, they have built a reputation for personalized attention and efficient loan processing. Their high ratings reflect consistent customer satisfaction and reliability in the mortgage industry.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its innovative technology, fast loan processing, and competitive rates. With a significant regional presence in Virginia, they serve Kents Store and offer a variety of loan products tailored to diverse needs. Their commitment to community involvement and customer-centric approach has earned them strong reviews and trust among homebuyers.
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Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group has a long-standing reputation in Virginia for excellent customer satisfaction and a comprehensive range of mortgage solutions. Serving Kents Store and the broader state, they are known for their personalized service, competitive financing options, and expertise in various loan types. Their high review count and consistent ratings highlight their reliability and dedication to homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Kents Store, VA
Are mortgage rates in Kents Store, VA, typically higher or lower than the national average?
Mortgage rates in Kents Store generally align with national averages, as they are set by broader financial markets. However, your specific rate will depend heavily on your credit profile and loan-to-value ratio. Working with a local lender familiar with Fluvanna County can help you find the best available rate and any special promotions.
What local or state programs are available for first-time homebuyers in Kents Store?
First-time homebuyers in Kents Store can access the Virginia Housing Development Authority (VHDA) programs, which offer competitive rates, down payment assistance grants, and closing cost assistance. These programs are particularly valuable in Fluvanna County, where they can help bridge the affordability gap for moderate-income buyers looking at the area's mix of rural and suburban properties.
How does the rural character of Kents Store impact the mortgage process, like appraisals or inspections?
The rural setting can mean appraisals take slightly longer, as appraisers may need to compare properties over a wider geographic area due to fewer recent sales. Well and septic inspections are almost always required and must be completed satisfactorily before loan closing, which is a critical step not always emphasized in more urban mortgage processes.
What is the typical down payment needed for a home in Kents Store's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Kents Store utilize conventional loans with 3-5% down or USDA loans which offer 0% down options for eligible properties and borrowers in this designated rural area. The variety of property types, from land with homes to smaller established houses, influences the required down payment.
Are USDA loans a common and good option for mortgages in Kents Store, VA?
Yes, USDA loans are an excellent and frequently used option in Kents Store, as the area is eligible for USDA Rural Development guaranteed loans. These loans offer 100% financing (no down payment) for qualified borrowers and properties, making homeownership more accessible. It's important to verify the specific property's eligibility and income limits for the household with your lender.
Why Choose a Mortgage Lender in Kents Store?
Local Market Knowledge
Lenders who understand Kents Store'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 Kents Store and get competitive rates on your home loan.