The Best Mortgage Lenders in Nottoway, VA
Compare verified mortgage lenders serving Nottoway, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Nottoway
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is one of Virginia's most respected mortgage lenders with a strong presence throughout Central Virginia. Founded in Virginia Beach and now serving all of Virginia, they have exceptional customer satisfaction ratings and specialize in all loan types including USDA loans which are particularly relevant for Nottoway's rural character. Their team includes local loan officers who understand the specific needs of South Central Virginia homebuyers, offering competitive rates and personalized service with extensive experience in rural and suburban markets.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established a strong reputation in Virginia with local loan officers serving the Nottoway area. They are particularly noted for their efficient processing and closing times, often completing loans in 30 days or less. With extensive experience in rural Virginia markets, they offer specialized knowledge of USDA loans which are ideal for Nottoway County homebuyers. Their community-focused approach and competitive rate offerings make them a top choice for both purchase and refinance transactions throughout Southside Virginia.
Loan Types:
Virginia Commonwealth Bank
Virginia Commonwealth Bank
As a community bank with deep roots in the Nottoway region, Virginia Commonwealth Bank offers personalized mortgage services with local decision-making. Located just minutes from Nottoway in Blackstone, they have served Southside Virginia communities for over a century. Their mortgage team provides competitive rates with the advantage of local underwriting and processing. They specialize in construction and lot loans, making them ideal for buyers looking to build in Nottoway's rural areas, while also offering traditional purchase and refinance options with exceptional customer service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Nottoway, VA
Are there any special mortgage programs for first-time homebuyers in Nottoway County, VA?
Yes, Virginia Housing offers several statewide programs accessible to Nottoway buyers, including the VHDA Down Payment Assistance Grant, which can provide up to 2.5% of the loan amount for down payment and closing costs. Additionally, Nottoway County may have local grants or initiatives, so it's wise to check with the county's Community Development office or a local lender familiar with rural housing opportunities in the area.
How does Nottoway's rural location and lower property values affect the mortgage process?
Nottoway's rural character and generally more affordable home prices can be advantageous, often requiring smaller down payments and qualifying for USDA Rural Development loans, which offer 100% financing. However, lenders may require more thorough property appraisals to ensure the home's value is supported in a market with fewer comparable sales, which can slightly extend the closing timeline.
What are typical mortgage rates like for borrowers in Nottoway, VA?
Mortgage rates in Nottoway are influenced by national trends but can vary slightly based on the lender's assessment of local market risk and property types. For well-qualified buyers, rates are generally competitive with state averages. Working with a lender experienced in Southside Virginia's market can help you secure the best available rate, especially for properties on well and septic systems common in the county.
Are there specific property considerations in Nottoway that could impact my mortgage approval?
Absolutely. Many properties in Nottoway rely on private wells and septic systems, which lenders typically require to be tested and certified as functional prior to closing. Additionally, if you're considering a manufactured home on a permanent foundation, you'll need to find a lender with specific programs for that property type, as not all conventional loans will apply.
What local or county-level assistance programs should I explore when buying a home in Nottoway?
Beyond state programs, you should inquire about the Nottoway County Revolving Loan Fund, which has historically offered down payment and closing cost assistance to income-eligible buyers. It's also beneficial to connect with the Southside Planning District Commission, which administers housing funds for the region and can provide information on any active homeowner rehabilitation or assistance programs available to Nottoway residents.
Why Choose a Mortgage Lender in Nottoway?
Local Market Knowledge
Lenders who understand Nottoway'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 Nottoway and get competitive rates on your home loan.