The Best Mortgage Lenders in Mappsville, VA
Compare verified mortgage lenders serving Mappsville, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mappsville
Featured Mortgage Lenders
Jason Friedberg
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is one of the most highly-rated mortgage lenders serving Virginia's Eastern Shore region, including Mappsville. Founded in 1996, they have built an exceptional reputation for personalized service and competitive rates. With over 450 reviews maintaining a near-perfect 4.9 rating, they specialize in all major loan types including VA loans important for military families in the region. Their local loan officers understand the unique rural housing market of Accomack County and provide dedicated service throughout the entire mortgage process.
Loan Types:
Michael D. Brown
Tidewater Home Funding
Tidewater Home Funding has been serving Virginia's Eastern Shore communities including Mappsville since 2004. With a strong 4.8 rating across nearly 200 reviews, they excel in providing personalized mortgage solutions for rural and suburban homebuyers. They particularly specialize in USDA loans which are ideal for the Mappsville area's rural designation, along with FHA and VA programs. Their team has deep knowledge of the local real estate market and maintains strong relationships with real estate professionals throughout the Eastern Shore region.
Loan Types:
John M. Riddick
Southern Trust Mortgage
Southern Trust Mortgage has been a trusted regional lender serving Virginia's Eastern Shore since 1999. With a 4.7 rating across 150+ reviews, they offer comprehensive mortgage services to Mappsville residents. They are particularly strong in conventional and government-backed loans, with expertise in the unique aspects of Eastern Shore property financing. Their local loan officers provide hands-on guidance through the entire mortgage process, and they're known for their responsive communication and ability to close loans efficiently in the rural Mappsville market.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Mappsville, VA
What are the current mortgage rates like in Mappsville, VA, and how do they compare to state averages?
Mortgage rates in Mappsville are generally aligned with national and Virginia state averages, but local lenders may offer competitive terms. As a rural area on Virginia's Eastern Shore, rates can sometimes be slightly higher than in more urban markets due to smaller lender competition, but shopping with local credit unions like Shore Bank or regional banks is key to finding the best deal.
Are there any down payment assistance programs specifically for buyers in Mappsville or Accomack County?
Yes, homebuyers in Mappsville can access the Virginia Housing Down Payment Assistance (DPA) grant, which is available statewide. Additionally, the Accomack-Northampton Planning District Commission (A-NPDC) may have information on local initiatives or federal grants aimed at rural development, which can be crucial for this area.
How does the rural nature of Mappsville affect the mortgage appraisal process?
Appraisals in rural Mappsville can be more challenging due to fewer comparable home sales ("comps"). This may sometimes lead to appraisal gaps, where the appraised value is below the offer price. It's wise to work with a lender experienced in rural properties who can ensure the appraiser is familiar with the local market dynamics of Accomack County.
What types of properties in Mappsville are eligible for USDA Rural Development loans?
Nearly all of Mappsville and Accomack County is eligible for USDA RD loans, a zero-down-payment program perfect for this designated rural area. Eligible properties must be modest in size, cost, and design, and serve as the borrower's primary residence, making it an excellent option for many homes in the community.
As a first-time homebuyer in Mappsville, what local resources should I consult?
Start with HUD-approved housing counseling agencies that serve Virginia's Eastern Shore, such as the Accomack-Northampton Planning District Commission. They offer homebuyer education courses specific to Virginia programs. Also, consult with local lenders who are well-versed in the Virginia Housing+Plus Second Mortgage and other state-sponsored first-time buyer benefits applicable in Mappsville.
Nearby Cities
Explore mortgage lenders in cities near Mappsville, VA
Why Choose a Mortgage Lender in Mappsville?
Local Market Knowledge
Lenders who understand Mappsville'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 Mappsville and get competitive rates on your home loan.