5 Best Mortgage Lenders in Virginia 2019

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If you’re a repeat or first time home buyer looking to purchase a home in Virginia, there are some amazing mortgage solutions available to you. Virginia is home to around 8.4 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 4.6 percent between December of 2017 through 2018 and are forecasted to rise another 3.3% through 2019.

The rising home values make it essential for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, whether you’re looking for fixed rate or adjustable rate mortgages, FHA, VA, or USDA home loan options that offer amazing benefits like low interest rates or flexible down payment requirements, loans to cover the purchase and repair of a home, or even a large enough jumbo loan to purchase your dream home outright, The first step is to find the right lender.

In this article, we’ll review the best mortgage lenders in the state of Virginia, and how they can help you on your quest to home ownership.


#1 Virginia Mortgage Lender: Fairway Independent Mortgage Corporation

A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.

Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitation a faster closing.

Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.

#2 Virginia Mortgage Lender: Embrace Home Loans, Inc

The team over at Embrace Home Loans really knows how to take the fear out of the mortgage process. They take great pride in their singular focus of providing high-quality and affordable home loans to the home buyers that give them their trust.

Embrace Home Loans is home to loan officers who never withhold options from their clients. Every single step and every single action gets explained in full, and if there are any questions, you can bet they will be answered before anyone signs anything into action.

Dozens upon dozens of past clients have attested to the fact that the loan officers of Embrace home loans truly care about securing a home loan with terms and rates that are satisfactory to the borrower. And they manage to do this without incurring any stress or hold-ups during the mortgage transaction.

#3 Virginia Mortgage Lender: U.S. Bank

With a history dating all the way back to 1863, U.S. Bank is the farthest thing from the new kid on the block. Its strong presence in today’s mortgage market is a testament to their deep commitment to providing affordable home loans with excellent service.

U.S. Bank is well known for its knowledgeable staff and expert loan officers. Chances are, no matter what a borrower’s financial situation may look like, they can come up with a solution.

Experience often trumps trendy advancements, and the face-to-face personalized mortgage services offered by U.S. Bank are a shining example of this. Home buyers never have to worry about a lack of communication or being rushed, and will be treated with the same respect and due diligence as their big-name clients.

#4 Virginia Mortgage Lender: Quicken Loans

Finding a mortgage online may have seemed sketchy at best a decade ago, but the amazing team over at Quicken loans has truly set the standard for the online mortgage experience. Quicken Loans (and it’s online division Rocket Mortgage) have made Home financing as simple and straightforward as possible.

The online home loan process is highly geared towards a streamlined user experience. Progress on the status of conventional, FHA, and VA mortgage loan applications can be easily tracked online, and preapproval for an home loan can be completed in a matter of minutes.

The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The real icing on the cake comes from the support staff that can be reached by phone or through the website that is standing by to offer their advisory services and answer any questions a potential borrower may have.

#5 Virginia Mortgage Lender: Summit Mortgage, Inc.

As a company whose motto is “It has never been about us”, Summit Mortgage truly puts their clients before anything else. The team at Summit is well aware of just how stressful a mortgage transaction can be, so they endeavor to create a simple, fast, and easy mortgage experience for home buyers.

Summit Mortgage’s website is incredibly informational, with tons of insight on may different loan types, including conventional, FHA, and VA loans. There even offer guidance on any mortgage product that they offer, from any of their loan officers at home buyer’s choosing.

Past clients all seem to acknowledge the down to earth, honest, and hard-working nature of the loan officers from Summit Mortgage, and above all, the simplicity of the mortgage transaction.

Best Virginia Mortgage Lender Picks 2019:

  • Best for First Time Home Buyers: Embrace Home Loans, Inc

  • Best Online Experience: Quicken Loans

  • Best Local Lender: Summit Mortgage, Inc.

  • Best Face-to-Face Experience: U.S. Bank

  • Best Overall Performance: Fairway Independent Mortgage Corporation


Shop Around Before You Get a Virginia Home Loan

Our picks for the best mortgage lenders in Virginia may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.

While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!