The Best Mortgage Lenders in Woods Cross Roads, VA
Compare verified mortgage lenders serving Woods Cross Roads, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Woods Cross Roads
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is a top-rated lender renowned for its exceptional customer service, competitive rates, and deep expertise in the Virginia housing market. Founded in 1996, it has built a strong reputation in the Hampton Roads area, including Woods Cross Roads, with a focus on personalized guidance and a wide array of loan options. High customer satisfaction scores and numerous positive reviews highlight its reliability and local community involvement.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is a highly regarded national lender with a strong local presence in Virginia, serving Woods Cross Roads and surrounding areas. Known for its competitive rates, efficient processing, and outstanding customer service, it has earned high ratings for its transparency and support throughout the homebuying process. Founded in 2008, it combines innovation with experience to meet diverse mortgage needs.
Loan Types:
TowneBank Mortgage
TowneBank Mortgage
TowneBank Mortgage is a trusted regional lender with deep roots in Virginia, offering personalized mortgage solutions to residents of Woods Cross Roads and the broader Hampton Roads region. Established in 1999, it is praised for its community-focused approach, competitive loan products, and reliable customer service. With strong local ties and a commitment to excellence, it consistently receives high marks for satisfaction and integrity.
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Frequently Asked Questions
Common questions about mortgage lending in Woods Cross Roads, VA
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Woods Cross Roads, VA?
Yes, homebuyers in Woods Cross Roads can access statewide Virginia Housing programs, which are widely used in the area. These include the VHDA Down Payment Assistance Grant, which provides 2-2.5% of the loan amount for down payment and closing costs, and the Mortgage Credit Certificate (MCC) for a federal tax credit. It's advisable to work with a local lender familiar with these programs to navigate the application process for York County.
How do property taxes in York County impact my monthly mortgage payment in Woods Cross Roads?
York County has a relatively low real estate tax rate compared to other parts of Hampton Roads, currently at $0.84 per $100 of assessed value. This favorable rate helps keep your total monthly PITI (Principal, Interest, Taxes, Insurance) payment more affordable. Your lender will use this rate to calculate an accurate escrow amount for your property taxes when qualifying you for the loan.
What are typical mortgage rates offered by local lenders in the Woods Cross Roads area?
Mortgage rates in Woods Cross Roads are influenced by national trends but can vary slightly between local credit unions, community banks, and national lenders. It's common to find competitive rates, especially from Peninsula-based institutions familiar with the local market. As of recent trends, rates for a 30-year fixed conventional loan often align with the Virginia state average, but shopping around with lenders in Newport News, Williamsburg, and Gloucester is recommended.
Does the rural character of Woods Cross Roads affect the type of mortgage loans I can get?
Potentially, yes. While many properties qualify for standard conventional, FHA, or VA loans, some homes on larger lots or with unique features (like septic and well systems) may require specific appraisals. The area is not typically designated for USDA Rural Development loans, but it's important to confirm property eligibility with your lender, as some more rural parcels on the outskirts might qualify.
How does the competitive Hampton Roads housing market impact the mortgage process in Woods Cross Roads?
While Woods Cross Roads offers a slightly more relaxed pace than urban centers, it's still part of the competitive York County market. This means you may need a strong pre-approval letter from a reputable local lender to make competitive offers. Sellers often favor buyers who use lenders known for reliable closings. Being prepared for potential bidding wars and having a flexible closing timeline can be advantageous.
Nearby Cities
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Why Choose a Mortgage Lender in Woods Cross Roads?
Local Market Knowledge
Lenders who understand Woods Cross Roads'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 Woods Cross Roads and get competitive rates on your home loan.