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MortgageLenderNearMe
Oakton, VA

The Best Mortgage Lenders in Oakton, VA

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

3
Top Lenders
4.8
Avg Rating
401+
Reviews
10
Loan Types

Available Loan Programs in Oakton

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Construction-to-Permanent
Home Equity
First-time Homebuyer Programs

Featured Mortgage Lenders

1

First Home Mortgage

First Home Mortgage Corporation

★★★★☆
4.9/5

First Home Mortgage stands out as one of the highest-rated mortgage lenders in Northern Virginia, serving Oakton and surrounding communities with exceptional expertise. With over three decades of experience, they've built a stellar reputation for personalized service and competitive rates. Their team of local mortgage experts specializes in navigating the unique Northern Virginia real estate market, offering comprehensive loan options including specialized programs for first-time homebuyers. The company maintains an A+ BBB rating and consistently receives praise for their responsive communication, streamlined process, and ability to close loans efficiently in the competitive Oakton market.

Experience:30 years
Reviews:185 customer reviews
8280 Greensboro Drive, Suite 125, McLean, VA 22102

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Burke & Herbert Bank

Burke & Herbert Bank & Trust Company

★★★★☆
4.8/5

As the oldest bank in Virginia, Burke & Herbert brings unparalleled local expertise and stability to Oakton homebuyers. While technically a bank, their mortgage division operates with the personalized attention of a local lender. They offer competitive rates with the security of a community-focused institution that understands Northern Virginia's unique housing dynamics. Customers consistently praise their local decision-making process, knowledgeable loan officers, and commitment to the community. With multiple branches throughout Northern Virginia, they provide convenient in-person service combined with digital convenience, making them a top choice for Oakton residents seeking reliable mortgage financing.

Experience:170 years
Reviews:127 customer reviews
100 S Fairfax Street, Alexandria, VA 22314

Loan Types:

ConventionalFHAVAJumboConstruction-to-PermanentHome Equity
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3

George Mason Mortgage

George Mason Mortgage, LLC

★★★★☆
4.7/5

George Mason Mortgage has been a trusted name in Northern Virginia home financing for over three decades, with deep roots in the Fairfax County area that includes Oakton. They specialize in serving the local market with tailored mortgage solutions and have built strong relationships with real estate professionals throughout the region. Their local underwriting and processing teams ensure quick turnaround times, which is crucial in Oakton's competitive housing market. The company receives consistent praise for their knowledgeable loan officers who provide educational guidance throughout the homebuying process, making them particularly popular with first-time buyers and those navigating complex financial situations.

Experience:35 years
Reviews:89 customer reviews
3900 Jermantown Road, Suite 100, Fairfax, VA 22030

Loan Types:

ConventionalFHAVAJumboRefinanceFirst-time Homebuyer Programs
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Frequently Asked Questions

Common questions about mortgage lending in Oakton, VA

What are the typical down payment requirements for homes in Oakton, VA, given its high property values?

Due to Oakton's high median home prices, which often exceed the conforming loan limits, many buyers face jumbo loan requirements. While conventional loans can require as little as 3-5% down, jumbo loans in Oakton typically require a minimum of 10-20% down payment. Strong credit and significant cash reserves are also crucial for approval in this competitive market.

Are there any special mortgage or down payment assistance programs for first-time homebuyers in Oakton?

While Oakton itself doesn't offer local programs, Virginia Housing (VHDA) provides statewide programs accessible to Oakton buyers, including down payment assistance grants and favorable loan rates. However, these programs have strict income and purchase price limits, which can be challenging given Oakton's high costs, so consulting a local lender familiar with VHDA guidelines is essential.

How does the property tax rate in Fairfax County impact my mortgage payment in Oakton?

Oakton's property taxes are governed by Fairfax County, which has a current rate of $1.11 per $100 of assessed value. For a typical Oakton home, this results in substantial annual taxes that are escrowed into your monthly mortgage payment. Lenders will carefully calculate this escrow, significantly increasing your total monthly payment compared to the principal and interest alone.

Is it common for sellers in Oakton's competitive market to contribute to buyer closing costs?

In Oakton's seller's market, seller concessions for closing costs are less common than in other areas, but they can still be negotiated, especially if a property has been on the market for a while. The maximum concession allowed depends on your loan type and down payment; for example, with a conventional loan and less than 10% down, sellers can contribute up to 3% of the purchase price.

What should I know about getting a mortgage for a home in one of Oakton's many older, established neighborhoods?

Lenders will often require a more stringent appraisal for Oakton's older homes, built from the 1960s-1980s, potentially mandating repairs for safety or structural issues before closing. You may also want to consider an FHA 203(k) renovation loan if the home needs updates. Furthermore, some neighborhoods may have homeowners association (HOA) fees that lenders will factor into your debt-to-income ratio.

Mortgage Insights

Finding Your Perfect Home Loan Match in Oakton, VA

Searching for a "home loan broker near me" in Oakton is more than just finding a local office; it's about partnering with a professional who understands the unique dynamics of our sought-after community. Oakton's real estate market, characterized by its excellent schools, beautiful neighborhoods, and proximity to D.C., is competitive and commands premium prices. This makes the guidance of a knowledgeable local broker not just helpful, but essential for navigating your purchase successfully.

A broker based in Northern Virginia brings critical local insight to the table. They understand why a home in the Oakton area might appraise differently than a similar one in Fairfax or Vienna. They’re familiar with the specific lenders who are most active and responsive in our market, which can be a decisive advantage when you’re making an offer in a multiple-bid situation. Their expertise extends to knowing which loan products align best with different Oakton neighborhoods, whether you're looking at a renovated mid-century home, a townhouse near the Silver Line Metro, or a property in one of the established communities with covenants.

For Virginia homebuyers, there are valuable regional programs to consider, and a local broker is your key to accessing them. The Virginia Housing Development Authority (VHDA) offers a range of loan programs, including down payment assistance grants and favorable rates for first-time and repeat buyers. A broker familiar with VHDA's guidelines can help you determine if you qualify and seamlessly integrate these benefits with your loan. They can also advise on other local considerations, like Virginia's property tax structure and how it varies across Fairfax County.

Your actionable first step is to seek referrals and vet brokers with hyper-local expertise. Ask your real estate agent, who works in Oakton daily, for their top two or three recommendations. Look for brokers who can clearly explain how they’ve helped clients win bids in Oakton's fast-paced market. In your initial consultation, ask specific questions: "What loan strategies have worked for your clients in Oakton recently?" or "How do you handle appraisal gaps common in our area?" A great broker will provide clear, scenario-based answers.

Ultimately, the right "near me" broker in Oakton acts as your financial strategist. They don’t just find a loan; they craft a mortgage approach that strengthens your offer and fits your long-term life in this wonderful community. By choosing a professional embedded in our local market, you gain a partner dedicated to helping you unlock the door to your Oakton home with confidence and clarity.

Nearby Cities

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Why Choose a Mortgage Lender in Oakton?

Local Market Knowledge

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