The Best Mortgage Lenders in Victoria, VA
Compare verified mortgage lenders serving Victoria, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Victoria
Featured Mortgage Lenders
Travis Tiller
Tidewater Home Funding
Tidewater Home Funding is a highly-rated local mortgage broker serving Victoria and surrounding Southside Virginia communities. With exceptional 4.9-star ratings across multiple platforms, they specialize in personalized service for rural and small-town homebuyers. Their team has extensive experience with USDA loans, which are particularly relevant for Victoria area properties. They're known for competitive rates, transparent communication, and guiding borrowers through the entire mortgage process with local expertise that national lenders can't match.
Loan Types:
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is a well-established regional lender with strong presence throughout Virginia, including service to Victoria area residents. With over 25 years in business and thousands of positive reviews, they offer a wide range of loan products and have particular expertise in Virginia-specific programs. Their local loan officers understand the unique aspects of Southside Virginia real estate and provide personalized service with the backing of a larger company's resources and competitive rate options.
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Virginia Credit Union
Virginia Credit Union
Virginia Credit Union serves members across Virginia, including Victoria residents who can become members through various eligibility options. As a not-for-profit financial cooperative, they often offer competitive rates and lower fees than traditional banks. With decades of mortgage lending experience and strong community focus, they provide personalized service and financial guidance. Their mortgage specialists are known for taking extra time to educate borrowers and find the best loan options for their specific situations in the Victoria area housing market.
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Frequently Asked Questions
Common questions about mortgage lending in Victoria, VA
Are there any special mortgage considerations for buying a historic home in Victoria, VA?
Yes, purchasing a historic home in Victoria, which has many properties in its historic district, often requires a specialized appraisal and potentially a renovation loan like the FHA 203(k). Lenders may have stricter requirements regarding the property's condition, so it's crucial to work with a local lender familiar with historic homes in Mecklenburg County to navigate any unique insurance or inspection mandates.
What first-time homebuyer programs are specifically available to residents of Victoria, VA?
Victoria homebuyers can access the Virginia Housing Down Payment Assistance Grant (DPA), which provides funds that do not need to be repaid. Additionally, the Virginia Housing Mortgage Credit Certificate (MCC) program can provide a significant annual federal tax credit. It's advisable to consult with a lender approved by Virginia Housing to explore these and any local Mecklenburg County initiatives.
How do mortgage rates in Victoria, VA, typically compare to state and national averages?
Mortgage rates in Victoria generally align with national averages, as they are set by broader economic forces. However, your specific rate will depend heavily on your credit profile and loan type. Working with a local credit union or community bank in Southside Virginia can sometimes provide competitive, personalized rate options compared to larger national lenders.
What should I know about property taxes and insurance when calculating my mortgage payment in Victoria?
Mecklenburg County property taxes are a key component of your monthly escrow payment; the county's rate is currently $0.59 per $100 of assessed value. For insurance, due to Victoria's more rural setting, lenders will require homeowners insurance, and you may want to consider additional coverage for well/septic systems, which are common outside the town limits.
Are USDA Rural Development loans a viable option for mortgages in Victoria, VA?
Absolutely. Given Victoria's location, many properties in and around the town are eligible for USDA loans, which offer 100% financing with no down payment. This is a highly attractive program for eligible buyers with moderate incomes looking to purchase in this designated rural area, making homeownership more accessible.
Why Choose a Mortgage Lender in Victoria?
Local Market Knowledge
Lenders who understand Victoria'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 Victoria and get competitive rates on your home loan.