The Best Mortgage Lenders in Rockville, VA
Compare verified mortgage lenders serving Rockville, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rockville
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with over 28 years of experience, known for its exceptional customer service and competitive rates in the Virginia market. They have a strong local presence in the Richmond area, actively serving Rockville and surrounding communities. Their reputation is built on quick loan processing, personalized guidance, and a wide range of loan options, making them a trusted choice for homebuyers seeking reliability and high satisfaction.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is highly regarded for its innovative technology and efficient loan approvals, with a focus on customer-centric service. Founded in 2008, they have built a robust presence in Virginia, including Rockville, through local loan experts who offer tailored mortgage solutions. Their competitive rates, fast closing times, and strong community engagement contribute to their excellent ratings and customer loyalty.
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Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group has been a trusted mortgage lender in Virginia for over 28 years, praised for its competitive rates and reliable service. They maintain a extensive network of loan officers across the state, ensuring coverage of Rockville and nearby areas. Their commitment to community involvement, combined with a variety of loan products and high customer satisfaction, makes them a standout option for home financing.
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Frequently Asked Questions
Common questions about mortgage lending in Rockville, VA
What are the current average mortgage rates for homebuyers in Rockville, VA, and how do they compare to the state average?
Mortgage rates in Rockville, VA, are generally in line with the Virginia state average, as it's a rural market influenced by national trends. As of late 2023, rates for a 30-year fixed mortgage typically ranged from 6.5% to 7.5%, but it's crucial to get personalized quotes from local lenders. Credit unions like Virginia Credit Union or community banks serving the Northern Neck often offer competitive rates for residents in this area.
Are there any special down payment assistance or first-time homebuyer programs available specifically for Rockville, VA, residents?
Yes, Rockville homebuyers can access the Virginia Housing Down Payment Assistance (DPA) Grant, a statewide program that provides funds for down payments and closing costs. Additionally, the Rural Housing and Economic Development Authority may offer specific guidance for the rural Northern Neck region. It's advisable to work with a mortgage lender familiar with these Virginia Housing programs to navigate eligibility, which often includes income and sales price limits.
How does Rockville's rural location and proximity to the Rappahannock River affect the mortgage process, like appraisals or insurance?
Rockville's rural setting and waterfront properties can introduce specific considerations. Appraisals may require specialists familiar with valuing land and rural homes, potentially taking slightly longer. If the property is in a flood zone near the river, lenders will require flood insurance, which is an additional, mandatory cost that must be factored into your monthly payment and loan approval.
What types of properties are most common for mortgages in Rockville, and does this affect loan options?
Mortgages in Rockville, VA, are most commonly for single-family homes on larger lots, historic properties, and some waterfront or river-access homes. This prevalence means many buyers utilize conventional, FHA, or VA loans (given the veteran population in Virginia). For unique or non-warrantable properties, such as certain historic homes, you may need to seek portfolio lenders or local banks with more flexible underwriting.
As a small, unincorporated community, what should I know about property taxes and closing costs when getting a mortgage in Rockville?
Your property taxes will be determined by Richmond County, not a city government. Richmond County's current rate is approximately $0.64 per $100 of assessed value, which is relatively low compared to urban Virginia. Closing costs will include standard lender fees, title insurance (important in rural areas with complex land histories), and county recording taxes. A local settlement agent will be essential for navigating the specific requirements of the county.
Nearby Cities
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Why Choose a Mortgage Lender in Rockville?
Local Market Knowledge
Lenders who understand Rockville'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 Rockville and get competitive rates on your home loan.