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Stevensburg, VA

The Best Mortgage Lenders in Stevensburg, VA

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

3
Top Lenders
4.8
Avg Rating
686+
Reviews
9
Loan Types

Available Loan Programs in Stevensburg

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

Featured Mortgage Lenders

1

Virginia Mortgage Group

Virginia Mortgage Group, LLC

★★★★☆
4.9/5

Virginia Mortgage Group is a highly-rated local mortgage broker serving Central Virginia, including Stevensburg and Culpeper County. With nearly two decades of experience, they've built an exceptional reputation for personalized service and competitive rates. Their team specializes in all major loan programs with particular expertise in rural properties common in the Stevensburg area. Customers consistently praise their responsive communication, local market knowledge, and smooth closing processes.

Experience:18 years
Reviews:185 customer reviews
501 Westfield Road, Culpeper, VA 22701

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Atlantic Bay Mortgage Group

Atlantic Bay Mortgage Group

★★★★☆
4.8/5

Atlantic Bay Mortgage Group is a well-established regional lender with strong presence throughout Virginia, including service to Stevensburg residents. Founded in 1996, they've consistently maintained high customer satisfaction ratings and offer comprehensive digital mortgage solutions alongside personalized local service. Their extensive experience with Virginia's diverse housing markets and competitive rate offerings make them a top choice for Stevensburg homebuyers seeking reliable financing with regional expertise.

Experience:26 years
Reviews:412 customer reviews
1251 Carl D. Silver Parkway, Fredericksburg, VA 22401

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
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3

Union Mortgage & Home Equity

Union Bank & Trust

★★★★☆
4.7/5

Union Bank & Trust brings over a century of community banking experience to Stevensburg and surrounding areas. Their mortgage division combines the stability of a established financial institution with local decision-making and personalized service. As a Virginia-based community bank, they understand the unique aspects of rural Central Virginia real estate and offer competitive conventional and government-backed loans. Their local Culpeper branch provides convenient in-person service while maintaining the resources of a substantial regional financial institution.

Experience:116 years (bank established)
Reviews:89 customer reviews
219 East Davis Street, Culpeper, VA 22701

Loan Types:

ConventionalFHAVAUSDAConstructionRefinanceHome Equity
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Frequently Asked Questions

Common questions about mortgage lending in Stevensburg, VA

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

For most conventional loans in Stevensburg, a 5-20% down payment is standard. However, due to the area's USDA eligibility, qualified buyers can purchase a home with 0% down using a USDA Rural Development loan, which is a major advantage in this market. It's important to confirm the specific property's eligibility with your lender, as not all parcels may qualify.

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

Yes, the Virginia Housing Down Payment Assistance Grant (DPAG) is a key program for first-time buyers in Stevensburg. This grant provides up to 2.5% of the home's purchase price to help with down payment and closing costs, which can be paired with a Virginia Housing loan. Given Stevensburg's more affordable price point compared to Northern Virginia, this grant can significantly reduce upfront costs.

How do property taxes in Culpeper County impact my monthly mortgage payment in Stevensburg?

Culpeper County's property tax rate is a combined $0.76 per $100 of assessed value (for 2024), which is relatively moderate for Virginia. This will be factored into your monthly escrow payment. It's wise to budget for this, as the annual tax bill on a $350,000 home would be approximately $2,660, adding about $222 to your monthly mortgage payment.

What should I know about well and septic system inspections when getting a mortgage for a Stevensburg property?

Most lenders will require a satisfactory water quality test and a functioning septic system inspection for properties in Stevensburg not connected to public utilities. These are typically paid for by the buyer and must be completed during the due diligence period. Failing either test can jeopardize loan approval or require the seller to remediate the issues before closing.

How does the appraisal process work for a rural property in Stevensburg, and what unique challenges might arise?

Appraising rural properties in Stevensburg can be more complex due to fewer comparable sales ("comps"). Appraisers may need to look at a wider geographic area or adjust for differences in acreage, outbuildings, and well/septic systems. This process can sometimes take longer than in suburban areas, so it's important to build extra time into your contract contingency period.

Mortgage Insights

Finding Your Perfect Mortgage Match in Stevensburg, VA

Searching for a "mortgage broker near me" in Stevensburg is more than just a convenience—it's a strategic move for navigating our unique slice of Virginia. While Stevensburg offers a blend of rural charm, historic character, and growing appeal, the path to homeownership here comes with its own set of considerations. A local mortgage broker isn't just a faceless online application; they're your guide to unlocking the right loan for our specific market.

In Stevensburg and surrounding Culpeper County, you might be looking at anything from a historic farmhouse to new construction in a developing community. A local broker understands these property types and how they are viewed by lenders. They can advise on potential challenges, like older homes that might need certain inspections or appraisals that account for rural acreage. Their insight is invaluable for setting realistic expectations and crafting a strong loan application that aligns with what you're likely to find here.

When you work with a broker based in our region, you gain access to their hyper-local network and knowledge of Virginia-specific programs. A key resource they should always discuss is the Virginia Housing Development Authority (VHDA). VHDA offers first-time homebuyer programs with competitive interest rates, down payment assistance grants, and educational resources. A skilled Stevensburg-area broker will know if you qualify for these programs and how to seamlessly integrate them with other loan options, potentially saving you thousands at closing—a crucial advantage in a competitive market.

Your actionable first step? Look beyond a simple online search. Ask for referrals from your local real estate agent, who works with these professionals daily. When you speak to a potential broker, ask them these specific questions: "How many loans have you closed in Culpeper County in the last year?" "Can you walk me through the VHDA programs I might be eligible for?" and "What unique aspects of the Stevensburg market should I factor into my budget and loan type?" Their answers will immediately tell you if they have the boots-on-the-ground experience you need.

Finally, remember that a local broker’s value extends beyond the rate sheet. They understand the pace of transactions here, can recommend trusted local inspectors and title companies, and will be a responsive partner you can meet face-to-face. In a community like ours, that personal connection and local expertise make all the difference in turning your Stevensburg home search into a successful, and less stressful, reality.

Nearby Cities

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Why Choose a Mortgage Lender in Stevensburg?

Local Market Knowledge

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