The Best Mortgage Lenders in Skippers, VA
Compare verified mortgage lenders serving Skippers, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Skippers
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group is a top-rated lender based in Virginia with over 28 years of experience, specializing in serving rural communities like Skippers. They are renowned for their exceptional customer service, competitive rates, and extensive loan options, including government-backed programs. Their strong local presence and high customer satisfaction ratings make them a trusted choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong reputation for fast, efficient service and transparency. They actively serve Skippers and surrounding areas, offering personalized mortgage solutions and competitive rates. With excellent reviews highlighting their customer-centric approach and expertise in various loan types, they are a reliable option for borrowers in rural Virginia.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly rated for its competitive rates, extensive loan products, and dedicated customer support. With nearly three decades of experience, they have a robust presence in Virginia and are known for assisting borrowers in communities like Skippers. Their commitment to education and community involvement, combined with high customer satisfaction, makes them a top lender in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Skippers, VA
Are there any special mortgage considerations for buying a home on a larger, rural lot in Skippers, VA?
Yes, properties in Skippers often feature larger, rural lots, which can require a septic system and well water. Lenders will typically require a satisfactory septic inspection and water potability test as a condition of the loan. Additionally, if the property is considered truly rural, you may qualify for a USDA Rural Development loan, which offers 100% financing with no down payment.
What are the typical down payment assistance programs available for first-time homebuyers in Skippers?
First-time homebuyers in Skippers can utilize the Virginia Housing Down Payment Assistance Grant (DPA), which provides funds that do not need to be repaid. Given Skippers' location, buyers should also explore the "Rural Home Loan" programs offered by local lenders and credit unions in the Southside Virginia region, which may have more flexible credit requirements for the area.
How does the lack of major public transportation in Skippers affect mortgage qualification?
Lenders recognize that Skippers is a car-dependent community. When calculating your debt-to-income ratio (DTI), they will closely scrutinize your monthly auto loan or lease payments, as well as budgeted costs for fuel and maintenance. Having a reliable vehicle and manageable auto debt is particularly important for mortgage approval in this area.
Are property taxes in Greensville County (where Skippers is located) typically escrowed into the mortgage payment?
Yes, most lenders will require an escrow account for your Greensville County property taxes and homeowner's insurance. Greensville County's property tax rate is a key component of your total monthly payment, and lenders prefer to manage this to ensure the taxes are paid on time and avoid any potential liens on their collateral.
Do lenders in the Skippers area have specific requirements for older or historic farmhouse-style homes?
Absolutely. For older homes common in the area, lenders will pay close attention to the home inspection and appraisal. They may require repairs for any structural, electrical, or roofing issues before closing. For a government-backed loan like an FHA loan, the property must meet specific safety and livability standards, which can be a key consideration for historic properties.
Why Choose a Mortgage Lender in Skippers?
Local Market Knowledge
Lenders who understand Skippers'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 Skippers and get competitive rates on your home loan.