The Best Mortgage Lenders in Surry, VA
Compare verified mortgage lenders serving Surry, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Surry
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is one of Virginia's most respected mortgage lenders with a strong presence throughout the Hampton Roads region, including Surry County. Founded in 1996, they have built an exceptional reputation for competitive rates and personalized service. They specialize in all major loan types with particular expertise in VA loans, making them an excellent choice for military families and veterans in the Surry area. Their local loan officers understand the unique aspects of rural Virginia real estate and provide dedicated support throughout the entire mortgage process.
Loan Types:
BayPort Credit Union
BayPort Credit Union
As one of the largest credit unions serving Southeastern Virginia, BayPort Credit Union has been providing mortgage services to Surry County residents for decades. Their not-for-profit structure often allows for more competitive rates and lower fees than traditional banks. They offer personalized mortgage solutions with local decision-making and have deep roots in the community. BayPort's mortgage specialists provide comprehensive guidance through the home buying process and are known for their exceptional customer service and community commitment.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established itself as a top-rated national lender with strong Virginia presence and excellent service to Surry County. They are particularly noted for their streamlined digital mortgage process and fast closing times, typically averaging 30 days. Their local loan officers understand the Virginia housing market and provide personalized service with the backing of a large, reputable company. Movement is recognized for their competitive rates, transparent process, and commitment to community development, making them a popular choice for Surry area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Surry, VA
Are there any special mortgage or down payment assistance programs for homebuyers in Surry, VA?
Yes, Surry County homebuyers can access statewide Virginia Housing programs, which offer competitive interest rates and down payment/closing cost assistance grants. These are particularly valuable in Surry, where median home prices are often more accessible than in larger metro areas, making the assistance go further. It's also wise to check with local lenders familiar with USDA Rural Development loans, as parts of Surry may qualify for these zero-down-payment options.
How does Surry's rural location and proximity to the James River affect the mortgage process?
Surry's rural character means lenders will pay close attention to property type and flood zones. Homes with acreage or unique features may require specialized appraisals. If the property is near the James River or in a designated floodplain, your lender will require a separate flood insurance policy as a condition of the mortgage, which adds to your monthly costs and must be factored into your budget.
What are typical property taxes like in Surry, and how do they impact my mortgage payment?
Surry County has a relatively low property tax rate compared to urban areas in Virginia. For 2023, the rate was $0.68 per $100 of assessed value. While low, taxes are still included in your monthly escrow payment. Your lender will calculate this based on the home's assessed value, and it's a key reason why your total monthly payment (PITI) can be more affordable in Surry than in neighboring cities.
As a first-time homebuyer looking in Surry, what local market factors should I consider?
Surry's market is less competitive than major metros, but inventory can be limited, especially for move-in-ready homes. Be prepared for a potentially longer search. Getting a strong pre-approval from a local lender who understands the county's property types (from historic homes to newer constructions) will make your offer more credible when you do find the right property.
Are construction or renovation loans common in Surry for updating older properties?
Yes, they are quite common. Surry has many charming older homes and lots of land, making FHA 203(k) or conventional renovation loans popular options. These loans bundle purchase and renovation costs into one mortgage. It's crucial to work with a lender experienced in these products and with contractors familiar with Surry's permitting process and the requirements for updating older, sometimes historic, properties.
Why Choose a Mortgage Lender in Surry?
Local Market Knowledge
Lenders who understand Surry'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 Surry and get competitive rates on your home loan.