The Best Mortgage Lenders in Shepherdstown, WV
Compare verified mortgage lenders serving Shepherdstown, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shepherdstown
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong reputation for competitive rates and exceptional customer service. Founded in 2000, it has over 24 years of experience and holds high ratings from numerous review platforms. They offer a wide range of loan products, including digital mortgage options, and have a significant presence in the Shepherdstown area through their regional offices. Customers praise their efficient processing, transparency, and personalized support, making them a reliable choice for homebuyers in West Virginia.
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New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender known for its commitment to diversity and customer satisfaction. Established in 2003, they have 21 years of experience and specialize in various loan types, including programs for first-time homebuyers and underserved communities. With a regional office in Fairfax, VA, they actively serve Shepherdstown and surrounding areas, offering competitive rates and flexible terms. Their high review scores reflect responsive service, fast closings, and a dedication to helping clients achieve homeownership.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender founded in 2008, with 16 years of experience and a focus on community engagement and fast loan processing. They have a strong regional presence, serving Shepherdstown through dedicated loan officers and efficient digital tools. Known for their competitive rates and a wide array of loan options, they consistently receive high ratings for customer service, including praise for their streamlined approval process and local support. Their commitment to giving back to communities adds to their appeal for West Virginia homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Shepherdstown, WV
Are there any special first-time homebuyer programs available specifically for Shepherdstown, WV?
Yes, the West Virginia Housing Development Fund (WVHDF) offers several statewide programs, like the Homeownership Program, which provides competitive interest rates and down payment assistance. These programs are accessible to Shepherdstown buyers and are particularly valuable given the town's mix of historic homes and newer constructions, helping to make homeownership more attainable in Jefferson County.
How does Shepherdstown's historic district status affect the mortgage process for homes within it?
Purchasing a home in the Shepherdstown Historic District may require a specialized appraisal to account for the unique value and potential restoration needs of historic properties. Some lenders may have specific requirements or offer renovation loans, like the FHA 203(k), which can be beneficial for updating these charming but older homes while keeping them within historic preservation guidelines.
What are typical down payment requirements for homes in Shepherdstown, given its proximity to Washington D.C. and higher home prices?
While Shepherdstown home prices are generally lower than the D.C. metro area, they are often higher than the West Virginia average. Down payments typically range from 3% for conventional loans to 3.5% for FHA loans, but a larger down payment (10-20%) can be advantageous to secure better rates and compete in a market that attracts both local and out-of-state buyers.
Are USDA loans a viable option for mortgage lending in Shepherdstown, WV?
Yes, USDA loans, which offer 100% financing, are a strong option for eligible buyers in Shepherdstown. While the town itself is likely classified as "rural" under USDA guidelines, it's crucial to verify the specific property's eligibility through the USDA website, as this can be a significant advantage for qualified buyers looking in the surrounding Jefferson County area.
How do property taxes in Shepherdstown and Jefferson County impact the overall mortgage payment and qualification?
Jefferson County has relatively moderate property tax rates compared to national averages, which can help with debt-to-income ratio (DTI) calculations when qualifying for a mortgage. However, lenders will still include estimated taxes and insurance in your monthly payment escrow, so it's important to get an accurate tax assessment for your specific property to budget correctly.
Nearby Cities
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Why Choose a Mortgage Lender in Shepherdstown?
Local Market Knowledge
Lenders who understand Shepherdstown'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 West Virginia.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Shepherdstown and get competitive rates on your home loan.