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Shawsville, VA

The Best Mortgage Lenders in Shawsville, VA

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

3
Top Lenders
4.7
Avg Rating
862+
Reviews
9
Loan Types

Available Loan Programs in Shawsville

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
ARM
Reverse Mortgages

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

Movement Mortgage is a highly-rated national lender with a strong local presence in the Roanoke Valley, serving Shawsville and surrounding Montgomery County areas. They are particularly noted for their efficient digital mortgage process and competitive rates. With numerous 5-star reviews from Virginia clients, they specialize in first-time homebuyer programs and offer quick closing timelines. Their local loan officers have deep knowledge of the New River Valley and Roanoke Valley housing markets.

Experience:15 years
Reviews:285 customer reviews
3735 Franklin Rd SW, Roanoke, VA 24014

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Atlantic Bay Mortgage Group

Atlantic Bay Mortgage Group, L.L.C.

★★★★☆
4.7/5

Atlantic Bay Mortgage Group has been serving Virginia homeowners for over 25 years with a strong reputation for personalized service and competitive rates. Their Roanoke office specifically serves the Shawsville area and Montgomery County. They are particularly praised for their VA loan expertise, making them an excellent choice for military families and veterans in the region. Customers consistently highlight their responsive communication and smooth closing processes.

Experience:26 years
Reviews:192 customer reviews
3322 Electric Rd SW, Roanoke, VA 24018

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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3

New American Funding

New American Funding

★★★★☆
4.6/5

New American Funding is a national lender with strong Virginia presence that serves the Shawsville area through their dedicated loan officers familiar with Southwest Virginia markets. They are particularly recognized for their diverse loan programs and commitment to serving minority communities. With competitive rates and a wide range of mortgage options, they offer both online and in-person service. Their local expertise in Virginia housing markets combined with national lending power makes them a top choice for Shawsville residents.

Experience:17 years
Reviews:385 customer reviews
1600 Tysons Blvd, McLean, VA 22102

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceARMReverse Mortgages
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Frequently Asked Questions

Common questions about mortgage lending in Shawsville, VA

What are the typical down payment requirements for homes in Shawsville, VA, given its rural setting?

For most conventional loans in Shawsville, a 5-20% down payment is standard. However, the area's rural classification makes many properties eligible for USDA loans, which offer 0% down payment options for qualified buyers in designated rural areas. An FHA loan with a 3.5% down payment is also a popular choice for first-time buyers looking at more modest homes in the area.

Are there any special mortgage programs for first-time homebuyers in Montgomery County that apply to Shawsville?

Yes, the Virginia Housing Development Authority (VHDA) offers several statewide programs accessible to Shawsville buyers, including grants for down payment and closing cost assistance. Additionally, Montgomery County may have local initiatives or partnerships; it's advisable to check with a local lender familiar with the "Virginia's New River Valley" region for any county-specific first-time buyer credits or affordable housing programs.

How do property types common in Shawsville, like homes on larger lots or with acreage, affect the mortgage process?

Homes with significant acreage or unique property features (like outbuildings) may require a more specialized appraisal to ensure the value is accurately assessed, which can slightly lengthen the process. Lenders will also scrutinize the property's utilities (e.g., well and septic) more closely. It's crucial to work with a lender experienced in rural properties to navigate these specifics smoothly.

What is the current range for mortgage interest rates in Shawsville, and how do they compare to nearby cities like Roanoke?

Mortgage rates in Shawsville are generally aligned with national and state averages, as they are not set locally. As of late 2023, rates for a 30-year fixed loan typically range from the high 6% to low 7% for well-qualified buyers. They are very similar to rates in Roanoke, though your specific rate will depend more on your credit profile and loan type than your exact location within the region.

What local costs or fees should I budget for specifically when getting a mortgage in Shawsville?

Beyond standard closing costs, Shawsville homebuyers should budget for Montgomery County property taxes and an annual county fee for trash collection. If the home is outside town limits, there may be no municipal water/sewer fees, but you'll need to account for the maintenance and potential testing costs for a private well and septic system, which lenders often require to be inspected.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Shawsville, VA

Searching for the "best mortgage lenders near me" is more than just comparing rates online. For homebuyers in Shawsville, it’s about finding a financial partner who understands the unique rhythm of our local market. Nestled in the heart of Montgomery County, Shawsville offers a blend of rural charm and convenient access to the New River Valley and Roanoke. This creates a specific housing dynamic that the right local lender will navigate with expertise.

While big national banks have their place, the best mortgage experience in a community like ours often comes from lenders with boots on the ground. Local credit unions, like those based in the New River Valley, and community-focused banks often have a deeper understanding of property values in Shawsville’s diverse neighborhoods, from more established streets to newer developments off Salem Turnpike. They can appraise a property with local context in mind, which is crucial. Furthermore, building a relationship with a lender whose office you can visit in Christiansburg or Salem means you have a dedicated point of contact familiar with Virginia’s real estate laws and timelines.

As a Virginia homebuyer, you have access to several state-specific programs that a knowledgeable local lender can help you unlock. The Virginia Housing Development Authority (VHDA) is a key resource. VHDA offers programs like down payment assistance grants and favorable loan terms, often tailored for first-time homebuyers. A lender who frequently works with VHDA can seamlessly guide you through their requirements, which can be a game-changer for qualifying buyers in Shawsville’s market.

Your actionable search should start with a mix of local and regional options. Get recommendations from your real estate agent—they see which lenders close smoothly and on time. Research credit unions like American National Bank and Trust or Freedom First Credit Union, which have strong community ties. Don’t overlook experienced local mortgage brokers; they can shop your loan across multiple lenders to find the ideal fit.

When you interview potential lenders, go beyond the interest rate. Ask them: “How many loans have you closed in Montgomery County in the last year?” and “Can you walk me through the VHDA programs I might qualify for?” Their answers will tell you if they have the local expertise you need. Finally, get pre-approved by your top choice. In Shawsville’s competitive environment, a solid pre-approval letter from a respected local lender makes your offer on that dream home much stronger, showing sellers you are a serious and prepared buyer.

The best mortgage lender for you in Shawsville is one that sees not just your financial profile, but your dream of putting down roots in this special part of Virginia. Take the time to find that partner.

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Why Choose a Mortgage Lender in Shawsville?

Local Market Knowledge

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