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Best Virginia Mortgage Lenders in 2018

Finding the Right Mortgage, Mortgages
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.
NerdWallet offers financial tools and advice to help you understand your options and make the best possible decisions. The guidance we offer and information we provide are deeply researched, objective and independent. We spent over 400 hours reviewing the top mortgage lenders before selecting the best for our readers.

Buying a home in Virginia, or refinancing your current mortgage, means shopping for the best mortgage lender you can find. And that can depend on your situation. Some lenders cater to first-time home buyers; others are focused on helping borrowers with bad credit.

NerdWallet has considered leading lenders in Virginia and sorted some of the best we’ve found according to individual loan needs.

Best Virginia mortgage lenders for first-time home buyers

From the Atlantic Coast to the Appalachians, Virginia real estate covers a lot of ground. These lenders help first-time home buyers navigate the process.

  • Offers a $1,000 mortgage rate match program
  • Borrowers must have family or professional connection to Department of Defense to join
  • Considers more than credit scores — including rent, utility and cell phone payment history
  • Navy Federal mortgage review
suntrust mortgage
  • A top-10 loan-volume originator in Virginia
  • Conventional loan programs for first-time home buyers with down payments as low as 3%
  • First-time home buyer loan programs from the Federal Housing Administration, Department of Veterans Affairs and U.S. Department of Agriculture
  • SunTrust mortgage review

Best Virginia mortgage lenders for refinancing

From a cash-out refi to snagging a better mortgage rate, these Virginia lenders are refinancing leaders.

  • Minimum credit score of 620, even lower for FHA loans
  • Offers an online prequalification tool
  • Existing bank customers may qualify for mortgage fee discounts
  • Bank of America mortgage review
  • Offers a variety of refinance loans as well as home equity loans
  • Rolling out an $80 million technology upgrade
  • Repeat refinance customers can get discounts and reimbursements for certain closing costs
  • LoanDepot mortgage review

Best Virginia online mortgage lenders

With a smartphone and secure Wi-Fi, you can forget the office visit and complete most, if not all, of the mortgage process online. 

Rocket Mortgage
  • The first national lender to launch mobile mortgage lending
  • Online employment and asset verification
  • Loan decisions are often made in minutes
  • Rocket Mortgage review
  • Offers an online application process with secure document uploads and electronic signing
  • Claims a 95% customer satisfaction rating
  • 170 branches across the country for local service
  • Guaranteed Rate mortgage review

Best Virginia mortgage lenders for face-to-face service

With hundreds of branches throughout Virginia, these lenders will likely have a location in your neighborhood.

  • A leading lender in the Southeast
  • You can apply online but only if you have a BB&T account
  • Offers a full line of mortgage loans — including home equity products
  • BB&T review
  • Offers a $1,000 mortgage rate match program
  • Borrowers must have family or professional connection to Department of Defense to join
  • Considers more than credit scores — including rent, utility and cell phone payment history
  • Navy Federal mortgage review

Best Virginia mortgage lenders for borrowers with bad credit

If you’re rebuilding your credit after a foreclosure, or have taken a bit of a hit on your credit score, these lenders may be able to help.

  • Caters to minority and low-income borrowers
  • Also offers loans for manufactured housing
  • Assists borrowers in finding state-sponsored down payment assistance and grant programs
  • New American Funding mortgage review
  • Works with the “underserved market” by offering lenient borrowing requirements
  • Provides loan programs for borrowers with moderate incomes
  • Caters to borrowers with lower credit scores, in some cases as low as a FICO of 550
  • Carrington Mortgage Services review

Best Virginia mortgage lenders: Summary

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NerdWallet’s selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.