Purchase Loans

Buying a home in Virginia's Shenandoah Valley is a moment worth celebrating. And we're here to help you through every step of the process, explaining all your mortgage options so you can reach your homeownership goals.

 

This is a great first step. With a pre-approval, you find out how much you're approved to borrow before you start your home search. Our mortgage lenders will make your experience as smooth and easy as possible.

 

It's easy to get overwhelmed when buying your first home. But don't worry. We're with you the whole way, starting with helpful details about your home loan options.

 

If you want predictability in your monthly mortgage payment, a fixed-rate home loan is your best choice. The interest rate stays the same for the loan's full term, meaning your principal and interest payments won't change. Learn more about our Conventional Home Loans.

 

An ARM provides more flexibility, with a low interest rate for a fixed period of time followed by a variable rate that adjusts up or down depending on the index it is tied to.

 

Fixed-rate periods can last from one month to 10 years, making an ARM ideal if you spend fewer than 10 years in your home or anticipate higher incomes in the future. There's also a cap on the interest rate increases, so you’ll know how high your monthly payment could be after the initial fixed-rate period ends.

 

We're proud to serve those who proudly serve our country. The Veterans Administration guarantees all VA Loans, which allows us to offer current and retired service members and eligible surviving spouses more competitive rates on their mortgage. A VA Loan is a great option for qualified veterans to receive up to 100% financing.

 

If you prefer rural living, you could borrow up to 100% of the sales price of your home with a USDA Loan. There are eligibility requirements for the home's location, your income limits and other factors we can explain in full detail.

 

Since 1972, the VHDA has been helping Virginians afford quality housing. This guide explains everything you need to know about different types of VHDA loans, their specific loan requirements, and the mortgage loan application process.

We are one of the only lenders in the area with local decision-makers (underwriters and processors) who live and work in your community. This means better communication and faster closing times, along with an understanding of our community's nuances and values.

 

You can expect a quick turnaround on your loan and closing when you work with our mortgage advisors, underwriters, and processors. Contact a member of our team to learn more or visit one of our Shenandoah Valley, Virginia, branches to get started on your next home mortgage.