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Newington, VA

The Best Mortgage Lenders in Newington, VA

Compare verified mortgage lenders serving Newington, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
746+
Reviews
7
Loan Types

Available Loan Programs in Newington

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction

Featured Mortgage Lenders

1

George Mason Mortgage

George Mason Mortgage, LLC

★★★★☆
4.8/5

George Mason Mortgage is a highly respected regional lender with deep roots in Northern Virginia, serving Newington and the greater DC metro area for three decades. They consistently earn exceptional ratings for their personalized service, competitive rates, and expertise with various loan programs including VA loans popular in the military-heavy Northern Virginia region. Their local processing and underwriting teams provide faster turnaround times than many national lenders, and their commitment to community involvement makes them a trusted choice for homebuyers throughout Fairfax County and surrounding areas.

Experience:30 years
Reviews:245 customer reviews
8075 Leesburg Pike, Vienna, VA 22182

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Presidential Bank Mortgage

Presidential Bank, FSB

★★★★☆
4.7/5

Presidential Bank has built a strong reputation in the DC metropolitan area, including serving Newington residents with their mortgage needs. They offer competitive jumbo loan products that are particularly valuable in Northern Virginia's higher-priced housing market. The bank receives high marks for their responsive customer service, local decision-making authority, and flexible lending criteria. With nearly three decades of experience, they understand the unique aspects of the Northern Virginia real estate market and provide personalized guidance through the entire mortgage process.

Experience:28 years
Reviews:189 customer reviews
4520 East-West Highway, Bethesda, MD 20814

Loan Types:

ConventionalJumboFHAVAConstructionRefinance
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3

Cardinal Financial Company

Cardinal Financial Company, Limited Partnership

★★★★☆
4.6/5

Cardinal Financial has established itself as a prominent mortgage lender in Northern Virginia with a strong physical presence in Vienna, conveniently serving Newington homeowners and buyers. They are particularly noted for their efficient digital mortgage process combined with local expertise. The company earns excellent reviews for their competitive rates, wide variety of loan products, and knowledgeable loan officers who specialize in the Northern Virginia market. Their VA loan expertise is especially valuable given the region's significant military population, and they consistently receive praise for smooth closings and responsive communication.

Experience:22 years
Reviews:312 customer reviews
8300 Boone Blvd, Suite 500, Vienna, VA 22182

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Newington, VA

What are the typical down payment requirements for homes in Newington, VA, given its proximity to Washington D.C.?

Due to Newington's location in the high-cost Northern Virginia market, conventional loans often require a minimum of 5-10% down, though 20% is ideal to avoid private mortgage insurance (PMI). For the area's median home prices, this can represent a significant sum, making local down payment assistance programs particularly valuable. Many buyers also utilize VA loans with 0% down, which is common given the large military and federal employee population nearby.

Are there any special mortgage or grant programs for first-time homebuyers in Fairfax County, specifically for the Newington area?

Yes, the Virginia Housing Down Payment Assistance Grant (DPAG) and VHDA loans are widely accessible to eligible first-time buyers in Newington. Additionally, Fairfax County offers its own Mortgage Credit Certificate (MCC) program, which provides a federal tax credit for a portion of mortgage interest paid, increasing your net take-home pay. These programs have income and purchase price limits that are adjusted for the high-cost Northern Virginia region.

How does Newington's location within a flood zone (near Accotink Creek and other waterways) affect the mortgage process?

Lenders will require a flood zone determination for many properties in Newington. If the home is in a designated Special Flood Hazard Area (SFHA), you will be mandated to purchase flood insurance as a condition of the loan, which adds a significant ongoing cost to your monthly payment. It's crucial to factor this into your budget early, as premiums can vary widely based on the property's specific elevation and risk level.

What is the competitive landscape for getting a mortgage approved on a home in Newington's fast-moving market?

The Newington market is highly competitive due to its commuter-friendly location. To make a strong offer, you need a solid mortgage pre-approval from a reputable local lender, not just a pre-qualification. Sellers often favor offers backed by lenders familiar with Northern Virginia's rapid closing timelines and appraisal processes. Consider getting pre-underwritten, where your finances are verified upfront, to make your offer as attractive as a cash buyer.

Are property taxes in Newington, VA, typically escrowed as part of the mortgage payment?

Yes, most lenders in Virginia will require you to escrow for property taxes and homeowner's insurance as part of your monthly mortgage payment. Fairfax County property taxes are billed semi-annually, and your lender will collect one-twelfth of the estimated annual bill each month, holding it in escrow to pay the bills when due. This is a standard practice that helps ensure these large, periodic expenses are managed smoothly.

Mortgage Insights

Finding Your Best Mortgage Broker in Newington, VA: A Local Homebuyer’s Guide

Searching for the "best mortgage broker near me" is more than just finding a good rate. In Newington’s unique housing market, it’s about partnering with a local expert who understands the nuances of our community and can navigate the competitive landscape of Northern Virginia. Whether you’re eyeing a townhome in Newington Forest or a single-family home closer to the Fairfax County Parkway, the right broker is your key to a confident purchase.

Newington’s appeal, with its blend of suburban tranquility and easy access to major commuter routes, creates a dynamic market. Homes can move quickly, and being pre-approved isn’t just a suggestion—it’s a necessity to have your offer taken seriously. A top-tier local mortgage broker does more than run numbers. They understand how properties are valued in our specific neighborhoods, can often recommend responsive local lenders, and know which appraisers are familiar with the area, helping to avoid delays.

For Virginia homebuyers, there are valuable regional programs to consider. A knowledgeable broker will guide you through options like the Virginia Housing Development Authority (VHDA) loans, which offer competitive rates and down payment assistance for eligible buyers. They can also advise on any local county or first responder programs that might apply. This local insight is invaluable; a broker working nationally might overlook these opportunities that could save you thousands.

So, how do you find this ideal partner? Start with hyper-local referrals. Ask your real estate agent, who sees brokers in action daily, for their top two or three recommendations. Check reviews specifically mentioning transactions in Fairfax County. When you interview potential brokers, ask direct questions: "How many loans have you closed in the Newington/Springfield area in the last year?" and "Can you walk me through a recent deal you handled in this market?" Their answers will reveal their local expertise.

Also, discuss communication style. The homebuying process can be stressful, and you need a broker who is responsive and explains the steps clearly, from the initial GFE (Loan Estimate) to the final CD (Closing Disclosure). A great local broker will proactively manage the timeline, coordinating with your agent and the title company, many of which they likely have established relationships with right here in Northern Virginia.

Your search for the best mortgage broker in Newington is the first critical step in your homebuying journey. By prioritizing local experience, knowledge of Virginia-specific programs, and a communication style that fits your needs, you’ll secure more than just financing—you’ll gain a trusted advisor who helps you unlock the door to your new home with confidence.

Nearby Cities

Explore mortgage lenders in cities near Newington, VA

Why Choose a Mortgage Lender in Newington?

Local Market Knowledge

Lenders who understand Newington'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 Newington and get competitive rates on your home loan.