The Best Mortgage Lenders in Manassas, VA
Compare verified mortgage lenders serving Manassas, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Manassas
Featured Mortgage Lenders
Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage is a highly-rated local lender with a strong presence in Northern Virginia, including Manassas. Known for their exceptional customer service, competitive rates, and efficient loan processing, they specialize in first-time homebuyer programs and offer a wide range of loan products. Their team has extensive experience in the VA market, ensuring personalized guidance and quick closings, backed by hundreds of positive reviews highlighting their reliability and expertise.
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First Heritage Mortgage
First Heritage Mortgage, LLC
First Heritage Mortgage is a reputable local lender deeply embedded in the Northern Virginia community, serving Manassas with a focus on personalized service and competitive financing options. They excel in VA loans and offer a comprehensive suite of mortgage products, supported by their long-standing experience and high customer satisfaction ratings. Clients praise their knowledgeable staff, transparent processes, and ability to handle complex loan scenarios, making them a top choice for homebuyers in the area.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage combines national reach with local expertise, maintaining a physical office in Manassas to serve the community directly. They are recognized for their streamlined application process, competitive rates, and commitment to on-time closings. With a strong emphasis on customer education and support, they offer a variety of loan programs tailored to first-time and experienced homebuyers alike. Their high review counts and consistent ratings reflect a reputation for reliability and excellent service in the Manassas area.
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Frequently Asked Questions
Common questions about mortgage lending in Manassas, VA
Are there any special first-time homebuyer programs available specifically for Manassas, VA?
Yes, the City of Manassas offers the Manassas Homebuyer Assistance Program (MHAP), which provides eligible first-time homebuyers with a deferred, forgivable loan of up to $25,000 for down payment and closing cost assistance. This program is designed to help moderate-income buyers purchase a home within the city limits, and it can be combined with Virginia Housing's state-level programs for even greater support.
How does the presence of historic districts in Old Town Manassas affect the mortgage process?
Purchasing a home in a designated historic district like Old Town Manassas can involve additional steps. Lenders may require a specialized appraisal that accounts for the unique characteristics and preservation guidelines of historic properties. Furthermore, if you plan to make renovations, you must ensure any loan product you use (like a renovation loan) is compatible with the local historic preservation commission's approval process.
What are typical property tax rates in Manassas, and how do they impact my monthly mortgage payment?
The City of Manassas has a property tax rate of $1.145 per $100 of assessed value. For a home assessed at $500,000, this translates to about $5,725 annually. Lenders will escrow this amount into your monthly payment, so it's a significant factor in calculating your total PITI (Principal, Interest, Taxes, Insurance). Note that Manassas has a separate city tax rate, which is different from the surrounding Prince William County.
Given Manassas's proximity to major military bases, are there specific VA loan considerations for buyers here?
Absolutely. Manassas is popular with military families from Fort Belvoir, Quantico, and the Pentagon. Many lenders in the area are highly experienced with VA loans. A key local consideration is that the VA loan limit for Manassas (Prince William County) is the standard national limit, as the county's median home value is below the high-cost area threshold. This makes the $0 down payment benefit particularly powerful in this market.
How competitive is the mortgage market in Manassas, and what can I do to get my offer accepted?
The Manassas market remains competitive, especially for well-priced single-family homes. Beyond a strong offer price, sellers highly favor buyers with solid mortgage pre-approvals from reputable local or national lenders. Using a lender familiar with the Northern Virginia appraisal process and offering a quick closing timeline (often 30 days or less) can make your offer stand out against cash buyers or those with less certain financing.
Why Choose a Mortgage Lender in Manassas?
Local Market Knowledge
Lenders who understand Manassas'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 Manassas and get competitive rates on your home loan.