The Best Mortgage Lenders in Warrenton, VA
Compare verified mortgage lenders serving Warrenton, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Warrenton
Featured Mortgage Lenders
Virginia Heritage Credit Union
Virginia Heritage Credit Union
Virginia Heritage Credit Union stands out as one of the highest-rated mortgage lenders serving Warrenton and Northern Virginia. With deep community roots spanning over six decades, they offer personalized service and competitive rates. Their mortgage specialists provide comprehensive guidance through the entire home buying process, with particular expertise in VA loans beneficial for military families in the Warrenton area. Members consistently praise their responsive service, transparent communication, and local decision-making capabilities.
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First Heritage Mortgage
First Heritage Mortgage, LLC
First Heritage Mortgage has built an exceptional reputation throughout Northern Virginia, including Warrenton, with nearly perfect customer ratings. As a locally-owned and operated mortgage company, they combine the expertise of large lenders with personalized community-focused service. Their team includes specialists in various loan programs, particularly excelling in VA and conventional mortgages. Customers consistently highlight their efficient processing, competitive rates, and the educational approach they take with first-time homebuyers in the Warrenton market.
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Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage has established itself as a premier mortgage lender serving Warrenton and the broader Northern Virginia region. With hundreds of excellent reviews, they're known for their exceptional customer service and local expertise. Their loan officers have extensive knowledge of the Warrenton real estate market and provide tailored solutions for each borrower's unique situation. The company is particularly praised for their streamlined digital process combined with personal attention, making them a top choice for both purchase and refinance transactions in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Warrenton, VA
Are there any special mortgage programs for first-time homebuyers in Warrenton, VA?
Yes, the Virginia Housing Development Authority (VHDA) offers several programs, such as the VHDA FHA and Conventional loans with down payment assistance grants, which are widely used in Warrenton. Additionally, Fauquier County may have local initiatives or grants; it's advisable to check with a local lender familiar with the area's specific offerings, as some programs have income limits that can be competitive given Warrenton's market.
How do property taxes in Fauquier County impact my mortgage payments in Warrenton?
Fauquier County's property tax rate is a significant component of your monthly escrow payment. The current rate is approximately $0.86 per $100 of assessed value, which is relatively moderate for Northern Virginia. Your lender will calculate this into your monthly payment, and it's important to budget for potential annual reassessments, especially if you're buying a newly constructed or significantly renovated home.
What is a typical down payment needed for a home in Warrenton's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Warrenton successfully purchase with 3-5% down using conventional loans or FHA loans (3.5% down). Given the town's desirable location and historic charm, competition can be stiff, so a stronger down payment often makes offers more attractive to sellers, but various loan programs make entry possible with less.
Are USDA loans a viable option for homes in Warrenton, VA?
Generally, no. Warrenton itself is not eligible for USDA Rural Development loans due to its population and proximity to Washington D.C. However, some surrounding areas in Fauquier County may still qualify. A local mortgage officer can provide a precise eligibility map, but most Warrenton buyers utilize conventional, FHA, or VA (if applicable) loan products.
How does Warrenton's mix of historic and new construction homes affect the mortgage process?
Purchasing a historic home in downtown Warrenton may require a specialized appraisal and could involve stricter inspection requirements, potentially affecting loan approval timelines and conditions. For new construction in developments like Brookside or the Villages at Vint Hill, builders often have preferred lenders offering incentives. It's crucial to work with a lender experienced in both property types common to the area.
Why Choose a Mortgage Lender in Warrenton?
Local Market Knowledge
Lenders who understand Warrenton'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 Warrenton and get competitive rates on your home loan.