Find Mortgage Lenders Near You in Fredericksburg, VA
Compare mortgage lenders in Fredericksburg. Review contact information and insurance categorys before you decide.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Virginia before hiring.
Showing 20 mortgage lenders in Fredericksburg, VA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a Mortgage Lender in Fredericksburg Cost?
Typical costs for a mortgage in Fredericksburg Virginia include an origination fee of 0.5 to 1 percent of the loan amount, appraisal fees from 400 to 700 dollars, and title insurance costs ranging from 500 to 1,500 dollars. Virginia also charges a recordation tax of 25 cents per 100 dollars of the loan amount and a grantor tax of 50 cents per 500 dollars of the purchase price. Closing costs generally total 2 to 5 percent of the loan amount. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the licensing requirements for a mortgage lender in Fredericksburg Virginia?
All mortgage loan originators in Virginia must be licensed by the Virginia State Corporation Commission Bureau of Financial Institutions. They must pass a background check and complete pre licensing education. You can verify a lenders license on the Nationwide Multistate Licensing System website.
What documents do I need to apply for a mortgage in Fredericksburg?
Typical documents include recent pay stubs, W 2 forms, tax returns for the last two years, bank statements, and a valid photo ID. Virginia lenders may also ask for proof of homeowners insurance and a property appraisal. Self employed borrowers may need additional profit and loss statements.
Are there any Virginia specific laws about mortgage lending?
Yes Virginia has a 10 day right of rescission for refinances on a primary residence. Virginia also requires lenders to provide a Loan Estimate within three business days of application. The state prohibits prepayment penalties on most residential mortgage loans.