The Best Mortgage Lenders in Willis, VA
Compare verified mortgage lenders serving Willis, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Willis
Featured Mortgage Lenders
Carter Bank & Trust
Carter Bank & Trust
Carter Bank & Trust is a highly-rated regional bank headquartered in Virginia, with a strong presence in the New River Valley area serving Willis. Founded in 2006, it has built a reputation for personalized service, competitive mortgage rates, and deep community ties. Customers praise its responsive loan officers and streamlined application process, with many highlighting the bank's expertise in first-time homebuyer programs and local market knowledge. Its compliance with state and federal licensing ensures reliability, and its focus on Virginia communities makes it a top choice for residents in Montgomery County and surrounding areas.
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Movement Mortgage
Movement Mortgage
Movement Mortgage is a nationally recognized lender with a strong local office in Roanoke that actively serves the Willis area. Known for its efficient processing and high customer satisfaction, it boasts a 4.7-star rating from hundreds of reviews. Founded in 2008, Movement offers a wide range of loan products and is praised for its quick closings, often under 30 days, and user-friendly digital tools. Their commitment to community engagement and competitive rates, combined with experienced loan officers familiar with Virginia's housing market, makes them a preferred option for buyers in rural and suburban communities like Willis.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation has been a trusted name in the mortgage industry since 1996, with a robust Roanoke branch that extends services to Willis and Montgomery County. With a 4.5-star rating and over two decades of experience, Fairway is acclaimed for its extensive loan options, including specialized programs for veterans and low-down-payment loans. Customers frequently commend the local team for their professionalism, transparency, and ability to navigate complex transactions smoothly. Their long-standing presence and adherence to high ethical standards make them a reliable choice for homebuyers in Southwest Virginia.
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Frequently Asked Questions
Common questions about mortgage lending in Willis, VA
What are typical mortgage rates for homebuyers in Willis, VA, and how do they compare to state averages?
Mortgage rates in Willis generally align with national and Virginia state averages, but can be slightly influenced by the rural nature of Floyd County. Local lenders may offer competitive rates, but it's wise to compare with regional banks and credit unions. Factors like your credit score and loan-to-value ratio will have a more significant impact on your specific rate than the Willis location alone.
Are there any down payment assistance or first-time homebuyer programs specific to Willis or Floyd County?
Yes, homebuyers in Willis can access the Virginia Housing Down Payment Assistance Grant (DPAG) and other Virginia Housing programs, which are available statewide. Additionally, the Mount Rogers Planning District Commission may offer or have information on local assistance initiatives for Floyd County residents. These programs can provide crucial help with down payments and closing costs in this market.
How does the appraisal process work for unique or rural properties in Willis, given its location in the Blue Ridge foothills?
Appraising rural properties in Willis can be challenging due to fewer comparable sales ("comps"). Lenders often require appraisers with specific experience in valuing land, agricultural potential, and unique features like mountain views or creek frontage. This process may take longer and sometimes results in a value different from the contract price, so buyers should be prepared for this contingency.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Willis?
Floyd County property taxes are relatively low compared to urban areas in Virginia, which can make homeownership more affordable. However, you should budget for potentially higher homeowners insurance premiums due to the rural setting, which may include considerations for well and septic systems, increased wildfire risk in wooded areas, and distance from fire hydrants and stations.
Are USDA Rural Development loans a common and viable option for mortgages in Willis, VA?
Absolutely. Given Willis's rural designation, many properties and buyers qualify for USDA Section 502 Guaranteed Loans, which offer 100% financing with no down payment. This is one of the most advantageous loan programs for eligible buyers in the area, making homeownership accessible by removing the largest upfront barrier. Checking the USDA eligibility map for the specific property address is a critical first step.
Why Choose a Mortgage Lender in Willis?
Local Market Knowledge
Lenders who understand Willis'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 Willis and get competitive rates on your home loan.