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Best VHDA Mortgage Lenders of 2018

Oct. 26, 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.

Loan and assistance programs offered through the Virginia Housing Development Authority, or VHDA, are designed to make homeownership more accessible to borrowers across the state.

The VHDA relies on a network of participating lenders and loan officers to provide these financial assistance programs, but with dozens of options, it can be difficult to know where to start.

NerdWallet gathered some of the most active VHDA lenders and matched them to a variety of borrower needs. Start your search by comparing the mortgage providers below.

» MORE:  See VHDA loan programs and income limits

Best VHDA mortgage lenders if you prefer an online experience

Everything is becoming digital, even mortgages. These lenders offer user-friendly features to help you explore your loan options online.

4.5 NerdWallet rating
  • Full online application, secure document uploading and e-signature.
  • Get customized rate quotes without entering personal info.
  • $1,290 lender fee for most loans.
  • Guaranteed Rate review.
4.0 NerdWallet rating
  • Full online application, document uploading and e-signature.
  • Optional text message status updates.
  • $795 lender fee for most loans.
  • J.G. Wentworth Mortgage review.

Best VHDA mortgage lenders if you’re a military veteran

Affordable VA loans are available to many past and current service members. These lenders have the expertise to help you take advantage of them.

4.5 NerdWallet rating
  • Offers VA purchase and refinance loans.
  • Has specially trained VA loan officers on staff.
  • Must talk to a loan officer for personalized rates.
  • LoanDepot review.
3.5 NerdWallet rating
  • Offers VA purchase and refinance loans.
  • Lots of educational info about VA loans on its website.
  • Prioritizes a high level of customer service and satisfaction.
  • Homebridge Financial Services review.

Best VHDA mortgage lenders if you want to live in a rural area

Dreaming of a home in the Virginia countryside? These lenders have loans that can make it affordable.

4.5 NerdWallet rating
  • Offers USDA rural development mortgages, as well as FHA and VA loans.
  • Employs community-based loan officers who are familiar with qualifying rural areas.
  • Has online document uploads, e-signature and online loan process tracking.
  • Flagstar Bank review.
4.0 NerdWallet rating
  • Offers all government loans, including USDA rural development mortgages.
  • Detailed info about USDA loans and eligibility criteria on its website.
  • Has an in-house closing-cost assistance program.
  • PrimeLending review.

Best VHDA mortgage lenders if you want in-person service

Sometimes it’s nice to sit down with a loan officer who knows your community. These lenders have lots of local branches so you can do just that.

4.0 NerdWallet rating
  • Services most mortgages it originates, so your ongoing needs can be handled in-house.
  • Plentiful branch locations across Virginia.
  • You must create a profile to apply online.
  • BB&T review.
suntrust mortgage
4.0 NerdWallet rating
  • Ample branch locations across Virginia.
  • Lots of customer service options, including online chat.
  • Doesn’t consider alternative credit history.
  • SunTrust Mortgage review.

Best VHDA mortgage lenders if you want a nonbank experience

If you like to do things the nontraditional way, you may appreciate the streamlined process offered by these nontraditional lenders.

4.0 NerdWallet rating
3.0 NerdWallet rating
  • Offers FHA, VA and USDA loans.
  • No online application, just a contact form.
  • Must contact a loan officer to get a personalized rate quote.
  • Stearns Lending review.

Best VHDA mortgage lenders: a summary

Best for an online experience: Guaranteed Rate.

Best for an online experience: J.G. Wentworth.

Best for veterans: LoanDepot.

Best for veterans: Homebridge Financial Services.

Best for USDA loans: Flagstar Bank.

Best for USDA loans: PrimeLending.

Best for in-person service: BB&T.

Best for in-person service: SunTrust Mortgage.

Best for a nonbank experience: Fairway Independent Mortgage.

Best for a nonbank experience: Stearns Lending.

More from NerdWallet

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.