The Best Mortgage Lenders in Moon, VA
Compare verified mortgage lenders serving Moon, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Moon
Featured Mortgage Lenders
Jason P. Miller
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is one of Virginia's most highly-rated mortgage lenders with extensive experience serving the Tidewater and Middle Peninsula regions including Moon. Founded in 1996, they have built an exceptional reputation for personalized service and competitive rates. Their team specializes in all loan types including VA loans, which is particularly valuable for military families in the region. With over 25 years of industry experience, Jason P. Miller and his team provide comprehensive mortgage solutions with a focus on customer education and smooth closing processes. Their local expertise in Virginia's coastal communities makes them exceptionally qualified to serve Moon residents.
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Bayport Credit Union Mortgage Department
Bayport Credit Union
Bayport Credit Union has been serving Virginia's Hampton Roads and Middle Peninsula communities since 1952, making them one of the most established financial institutions in the region. While technically a credit union, their mortgage lending division operates with the professionalism and capability of top-tier mortgage companies. They offer highly competitive rates for members and are deeply familiar with the unique aspects of financing properties in coastal areas like Moon. Their mortgage specialists provide personalized service with an emphasis on financial education and long-term relationships. The credit union's not-for-profit structure often translates to better terms and lower fees for borrowers.
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Michael D. Allen
Movement Mortgage
Movement Mortgage has established a strong presence throughout Virginia with local loan officers who deeply understand the Middle Peninsula and Northern Neck regions. Michael D. Allen brings over a decade of mortgage experience with particular expertise in rural and coastal property financing relevant to Moon. The company is renowned for its efficient processing and closing timeline, often completing loans in 30 days or less. They offer a comprehensive range of loan products with competitive rates and have built their reputation on transparent communication and reliable service. Their local knowledge of Mathews County and surrounding areas ensures they understand the specific challenges and opportunities of financing homes in Moon, Virginia.
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Frequently Asked Questions
Common questions about mortgage lending in Moon, VA
What are the typical down payment requirements for homes in Moon, VA, given its rural setting?
For most conventional loans in Moon, a 5-20% down payment is standard, but the area's more moderate home prices compared to urban Virginia can make saving for this more achievable. Importantly, because Moon is located in Mathews County, which is designated as "rural" by the USDA, many properties may qualify for a USDA loan, which requires **0% down payment** for eligible buyers and properties.
Are there any special mortgage programs for first-time homebuyers in Mathews County that I should know about?
Yes, the Virginia Housing Development Authority (VHDA) offers valuable programs statewide, which are accessible in Moon. These include down payment assistance grants and favorable loan terms. Additionally, working with a local lender familiar with VHDA and the specific property types in Mathews County (such as homes with wells and septic systems) is crucial for a smooth process.
How does the prevalence of older homes and waterfront properties in Moon affect the mortgage process?
It significantly impacts the appraisal and inspection. Lenders will require a thorough inspection, especially for older homes, to check for issues like outdated wiring, plumbing, or structural concerns. For waterfront properties, expect additional requirements like a separate flood certification and potentially mandatory flood insurance, which will be factored into your monthly payment calculations.
What is the average closing timeline for a mortgage in Moon, VA, and are there local delays to anticipate?
The average closing timeline is 30-45 days, similar to other areas. However, in Moon and Mathews County, you should anticipate potential delays related to title searches due to the age of many properties and complex land records. Using a local settlement agent or attorney with deep experience in the county's records is highly recommended to navigate this efficiently.
Are property tax rates in Mathews County a major factor in my overall mortgage payment in Moon?
Yes, they are a significant component. Mathews County has its own property tax rate, which is generally lower than in more urban parts of Virginia but is a key part of your monthly escrow payment. Your lender will use the current county rate to estimate these taxes, but it's wise to confirm the exact assessed value and any potential tax relief programs for primary residents with the Mathews County Commissioner of the Revenue's office.
Why Choose a Mortgage Lender in Moon?
Local Market Knowledge
Lenders who understand Moon'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 Moon and get competitive rates on your home loan.