Top Virginia Mortgage Lenders You Should Know About

When it comes to buying a home in the Old Dominion State, finding the right Virginia mortgage lender is a crucial step. Navigating the mortgage market can feel overwhelming, especially for first-time homebuyers or those unfamiliar with local lenders. But knowing which lenders stand out in Virginia can make the process smoother and even save you money. This blog post will guide you through some of the top Virginia mortgage lenders you should consider. We’ll look at what makes them special, the kinds of loans they offer, and why they are popular choices for borrowers across the state.

Why Choosing the Right Virginia Mortgage Lender Matters

Securing a mortgage is often the biggest financial commitment a person makes in their lifetime. A good Virginia mortgage lender not only offers competitive rates but also provides excellent customer service and clear guidance throughout the home loan process. The right lender can help you understand your options, qualify for the best loan programs available in Virginia, and close your mortgage without unnecessary delays.

On the other hand, a poor lender choice can lead to higher interest rates, confusing paperwork, and frustrating delays. That’s why it’s important to do some research before committing. Virginia’s mortgage market includes national banks, local credit unions, and independent lenders, each with their own pros and cons. So, let’s dive into some of the best options.

1. Wells Fargo Home Mortgage

Wells Fargo is a national bank but has a strong presence in Virginia. They offer a wide variety of mortgage options, including fixed-rate, adjustable-rate, FHA, VA, and jumbo loans. One big advantage of Wells Fargo is its large branch network throughout Virginia, making in-person assistance easy to access. They also have robust online tools that simplify the application process.

Many Virginia homebuyers appreciate Wells Fargo for its competitive rates and customizable loan options. Plus, their experience handling VA loans is helpful since Virginia has a large military population.

2. Navy Federal Credit Union

For military members, veterans, and their families living in Virginia, Navy Federal Credit Union is a top mortgage lender choice. They offer excellent VA loan programs with low or no down payment options and competitive interest rates. Their customer service is tailored to military borrowers, making the process friendly and supportive.

Even if you are not in the military but have family connections, Navy Federal is worth exploring. They focus on member-first lending and often provide better terms than traditional banks.

3. Atlantic Union Bank

Atlantic Union Bank is a regional lender headquartered in Richmond, Virginia. They are known for personalized service and deep knowledge of the Virginia housing market. Their loan officers work closely with borrowers to find the best Virginia mortgage products, including conventional, FHA, and USDA loans.

Because they are local, Atlantic Union Bank understands specific Virginia real estate trends and can help borrowers navigate challenges unique to the state. If you want a lender who knows Virginia inside and out, Atlantic Union Bank is a solid choice.

4. BB&T (now Truist)

BB&T merged with SunTrust to become Truist, but many Virginia homebuyers still know it as BB&T. Truist offers a wide range of mortgage products with competitive rates, including VA, FHA, USDA, and conventional loans. Their digital mortgage platform makes applying quick and simple, and they have many branches across Virginia for in-person help.

Virginia buyers appreciate Truist’s strong community presence and flexible loan options that cater to different credit profiles.

5. SunTrust Mortgage

Before the Truist merger, SunTrust was a popular mortgage lender in Virginia. Their legacy lives on within Truist, but it’s worth mentioning because many long-time Virginia residents still trust SunTrust mortgage officers. Known for competitive rates and excellent customer service, they helped thousands of Virginians become homeowners.

The bank continues to serve the Virginia market with a focus on convenient lending and local expertise.

6. Movement Mortgage

Movement Mortgage is a newer lender that has quickly gained popularity in Virginia. They emphasize fast loan processing and a customer-first approach. Their online application is straightforward, and they have received positive reviews for transparency and communication.

Virginia borrowers who want a smooth, hassle-free mortgage experience often turn to Movement Mortgage for conventional and government-backed loans.

7. Virginia Housing Development Authority (VHDA)

VHDA is not a traditional lender but a state agency offering mortgage programs designed specifically for Virginians. Their loans come with competitive interest rates, low down payment options, and down payment assistance grants.

If you are a first-time buyer or qualify based on income limits, VHDA loans can be a great way to get a Virginia mortgage with less upfront cost. Many private lenders in Virginia partner with VHDA, so you might apply through a bank or credit union that participates in their programs.

8. SunTrust Mortgage (now part of Truist)

SunTrust, now merged into Truist, historically served many Virginia borrowers with tailored mortgage products. Their longstanding presence and regional focus helped them understand the specific needs of Virginia homeowners. They offer FHA, VA, USDA, and conventional loans. Even under the Truist banner, their legacy services remain important for local buyers.

9. Quicken Loans (Rocket Mortgage)

Though not Virginia-specific, Quicken Loans—through its Rocket Mortgage platform—is popular among Virginia homebuyers who prefer digital convenience. Their fast online pre-approval and loan tracking tools help simplify mortgage shopping.

While Quicken Loans doesn’t offer the local touch of some Virginia lenders, their competitive rates and efficient service attract many borrowers.

10. Local Credit Unions

Virginia is home to many credit unions that offer competitive mortgage products with personalized service. Examples include Virginia Credit Union and Navy Federal Credit Union mentioned earlier. Local credit unions often have lower fees and more flexible lending criteria than big banks.

If you are a member or eligible to join, it’s worth checking local credit unions for Virginia mortgage options.

What to Look for When Choosing a Virginia Mortgage Lender

Choosing the best Virginia mortgage lender depends on your unique situation. Here are some key points to consider:

• Loan Options: Does the lender offer the type of loan you need? For example, VA loans, FHA loans, USDA loans, or jumbo loans.
  
  

• Interest Rates: Compare rates and closing costs to find the best deal.
  
  

• Customer Service: Look for lenders with good reviews and responsive support.
  
  

• Local Knowledge: Lenders familiar with Virginia’s housing market can provide valuable insights.
  
  

• Speed of Approval: If you need to close quickly, consider lenders known for fast processing.
  
  

• Down Payment Assistance: Some Virginia lenders partner with programs that help with down payments.
  
  

Conclusion

Finding the right Virginia mortgage lender is a key step to homeownership success. Whether you prefer a large national bank, a local Virginia lender, or a specialized credit union, Virginia offers plenty of options to fit different needs. Wells Fargo, Navy Federal Credit Union, Atlantic Union Bank, and others have proven track records helping Virginians secure competitive mortgage loans. Don’t forget to explore state programs like VHDA, which can offer extra help for first-time buyers. Take your time to research, get multiple quotes, and ask questions. A little effort upfront will pay off with a mortgage that fits your budget and goals.

If you’re ready to start your home buying journey in Virginia, begin by reaching out to a few of these top Virginia mortgage lenders. Compare offers, ask about programs that might suit you, and get pre-approved to show sellers you mean business. Your dream home in Virginia is waiting — the right mortgage lender can help you get there.