Mortgage East Virginia or mortgage business in East Virginia is quite a profitable business. There are a large number of mortgage brokers and mortgage lenders operating in East Virginia. They are offering highly competitive mortgage rates with the help of advertisements, as well as online quotes.
Some mortgage lenders in East Virginia are also offering subprime or bad credit mortgages to people who have a poor credit history. They are trying to help those people who are unable to obtain mortgage loans from the banks.
The mortgage loans offered by lenders in East Virginia are utilized by the mortgage borrowers for the following purposes:
- Home Purchase
- Refinance
- Home Equity Loan
- Debt Consolidation
- Cash Out Refinancing
- Adjustable Rate Mortgage (ARM)
- Fixed Rate Mortgage (FRM)
- FHA (Federal Housing Administration) Loans
- VA (Veterans Administration) Loans
- Balloon Mortgages
- Reverse Mortgages
- Stated Income Mortgages
- 100% Financing Loans
- Full Doc Loans
| Conforming Fixed | Rate |
| 10 Year Fixed | 5.63% |
| 15 Year Fixed | 5.75% |
| 20 Year Fixed | 5.88% |
| 30 Year Fixed | 6.00% |
| Adjustable | Rate |
| 1/1 Adjustable | 6.00% |
| 3/1 Adjustable | 5.88% |
| 5/1 Adjustable | 6.00% |
| 7/1 Adjustable | 6.13% |
| 10/1 Adjustable | 6.25% |
The leading mortgage lenders in East Virginia include the following:
- Accel Mortgage, Inc.
- Mortgage First Associates, LLC
- Jumbo Mortgage Solutions
- AABC Mortgage
- Atlantic Bay Mortgage Group
- 1st Century Mortgage
- American Mortgage Express Corporation
- Suburban Federal Mortgage
- Patriot Mortgage Corporation
- East West Mortgage
- Equitable Mortgage Group
Contact Details:
Virginia Association of Mortgage Brokers
P.O. Box 71197
Richmond, Virginia 23255
Phone: 804-285-7557
Fax: 804-288-5559
