The Best Mortgage Lenders in Sandston, VA
Compare verified mortgage lenders serving Sandston, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sandston
Featured Mortgage Lenders
Virginia Credit Union Mortgage Services
Virginia Credit Union
Virginia Credit Union stands out as one of the highest-rated mortgage lenders serving the Sandston area with exceptional member satisfaction. As a not-for-profit financial cooperative, they offer highly competitive rates and personalized service. Their mortgage team provides comprehensive guidance through the entire homebuying process, with special expertise in VA loans important for military families near Fort Lee and Richmond International Airport. With 85 years of serving Central Virginia communities, they've built a reputation for transparency, local decision-making, and community commitment that makes them a top choice for Sandston homebuyers.
Loan Types:
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group has earned exceptional ratings for their dedicated local service throughout the Richmond metropolitan area including Sandston. Founded in Virginia Beach, they maintain strong roots in Virginia with deep understanding of local market conditions. Their team of experienced loan officers provides personalized mortgage solutions with competitive rates and efficient processing. Specializing in both purchase and refinance loans, they're particularly noted for their responsive communication and ability to close loans quickly. Their extensive experience with Virginia-specific programs and military lending makes them ideal for Sandston residents.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established a strong presence in the Richmond area with excellent customer satisfaction ratings for their service in Sandston and surrounding communities. Known for their innovative technology and streamlined process, they offer competitive rates with the backing of a national lender while maintaining local expertise. Their Richmond-based team provides personalized service with special attention to first-time homebuyers and military families. Movement is particularly recognized for their quick approval process and reliable closings, with many customers praising their responsive communication and professional guidance throughout the mortgage journey.
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Frequently Asked Questions
Common questions about mortgage lending in Sandston, VA
Are there any special first-time homebuyer programs available specifically for Sandston, VA?
Yes, the Virginia Housing Development Authority (VHDA) offers statewide programs like the VHDA FHA and Conventional loans with down payment assistance, which are widely used in Sandston. Additionally, some local lenders may have partnerships or grants specific to Henrico County. It's advisable to work with a mortgage broker familiar with the area to access all available options, including potential closing cost assistance.
How does Sandston's proximity to Richmond and the airport affect property taxes and mortgage qualifications?
Being part of Henrico County, Sandston has a county property tax rate (currently $0.87 per $100 of assessed value), which is a key factor in calculating your total monthly payment. Lenders will include this tax in your debt-to-income ratio. The convenience of being near I-64, Richmond, and the airport can positively impact property values, which means appraisals are crucial to ensure the loan amount aligns with the home's worth in this stable market.
What are typical mortgage rates and lender options for a homebuyer in Sandston?
Mortgage rates in Sandston align with national and Virginia averages but can vary based on the lender. You'll find a mix of local community banks, credit unions like Virginia Credit Union, and national lenders operating in the Richmond area. It's highly recommended to compare offers from multiple local lenders, as they may have specific programs or better terms for Henrico County properties, especially for well-maintained homes in established neighborhoods.
Are there specific mortgage considerations for buying an older home in Sandston's established neighborhoods?
Absolutely. Many homes in Sandston were built mid-20th century, so an FHA 203(k) renovation loan or a conventional loan with a repair escrow might be necessary if the home needs updates. Lenders will require a thorough appraisal and may mandate repairs for government-backed loans. It's critical to get a specialized home inspection and ensure your loan product can accommodate any needed repairs to pass underwriting.
Does Sandston's location in a flood zone affect the mortgage process?
Parts of Sandston, especially those near the Chickahominy River, are in designated flood zones. This significantly impacts your mortgage. Lenders will require a flood elevation certificate and mandate flood insurance as a condition of the loan, which adds to your monthly costs. You must factor this into your budget, and it's essential to confirm the flood zone status early in your home search to avoid unexpected expenses.
Why Choose a Mortgage Lender in Sandston?
Local Market Knowledge
Lenders who understand Sandston'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 Sandston and get competitive rates on your home loan.