Virginia Home Loans
Virginia Mortgages for Commonwealth Homebuyers
From the D.C. commuter suburbs to the Blue Ridge and the Atlantic shoreline, Virginia rewards buyers who match the loan to the place. Lending throughout the Commonwealth, The Smith Mortgage Group, Powered by FCM, offers VA, FHA, conventional and jumbo financing, with Sterling Smith as your direct contact.
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Local Expertise, Nationwide Strength
One Lender for a Commonwealth of Very Different Markets
Virginia packs remarkable variety into a single state. Federal contractors and agency employees crowd the Northern Virginia suburbs, sailors and Marines rotate through Hampton Roads, state workers and university staff anchor Richmond and Charlottesville, and the Roanoke Valley offers mountain views at a gentler pace. A Northern Virginia commuter, a Hampton Roads sailor and a Blue Ridge retiree each need a different loan, so Sterling Smith first asks where in Virginia you want to live and how you are paid before recommending one. Coastal, suburban, college-town and mountain buyers each get a plan built for their specific corner of Virginia.
FCM's licensing covers all 50 states, so our Shelbyville, Tennessee branch can serve Virginia buyers with no storefront in the Commonwealth. Sterling Smith stays your contact on a Virginia loan from the opening call until the closing. You will hear back within two business hours, may get a pre-approval decision in as little as 24 hours, and will know exactly which papers to send. Ready to see where you stand? Start your free pre-qualification without a hard credit inquiry, or look through our full list of loan services first.
Start your Virginia pre-approval →Where We Lend
Virginia metro areas we serve
- Virginia Beach-Norfolk Home loans throughout Hampton Roads, a coastal region shaped by the Navy, where VA financing, flood insurance planning and PCS timelines come up in nearly every purchase conversation. Virginia Beach-Norfolk mortgages →
- Roanoke Lending in the Roanoke Valley, including Salem, Vinton and Cave Spring, with options for older in-town homes and USDA-eligible properties toward the surrounding Blue Ridge countryside. Roanoke mortgages →
- Richmond Purchase and refinance options across Henrico, Chesterfield and the capital city itself, from renovated rowhouses near the James River to newer subdivisions in the surrounding counties. Richmond mortgages →
- Northern Virginia Financing for Arlington, Alexandria, Fairfax and Loudoun County buyers, where higher price points often call for jumbo loans and federal employees value quick, well-documented approvals. Northern Virginia mortgages →
- Charlottesville Mortgages for UVA faculty, healthcare staff and Piedmont buyers in Albemarle County and Crozet, including rental-property financing near Grounds and acreage loans in horse country. Charlottesville mortgages →
Buying in Virginia
What Shapes a Home Purchase in Virginia
Geography drives much of the planning here. Low-lying neighborhoods around the Chesapeake Bay and the Atlantic coast can fall inside flood zones, which affects insurance costs and therefore your monthly payment. Farther west, the Shenandoah Valley and Blue Ridge bring rural properties with private wells, septic systems and long driveways that appraisers and underwriters review closely. Before you bid on a Virginia home, enter honest insurance and property tax figures in the mortgage payment calculator so the estimate reflects your real monthly cost.
Virginia also has one of the largest military and federal workforces in the country, from the Pentagon and Fort Belvoir to the naval installations around Norfolk. That means a steady flow of PCS moves, VA entitlement questions and security-clearance careers with predictable income. Many of the state's older towns feature historic homes that may need updates, and renovation financing can roll those improvements into one loan. The Commonwealth and some Virginia localities offer down payment aid, and Sterling Smith can see whether your household meets their rules.
Loan Programs
Loan Programs That Fit Virginia Buyers
VA loans for Virginia's military families
Virginia is home to large Navy, Army, Marine and Air Force bases, which makes VA home loans a common choice. Virginia veterans and service members who qualify can usually buy with 0% down, skip monthly mortgage insurance, and pay no lender fees on an FCM VA loan. Your service record and underwriting determine final eligibility.
Jumbo financing for the D.C. suburbs
Purchase prices in Arlington, Fairfax and Loudoun County can exceed conforming limits. A jumbo mortgage handles Virginia loan amounts above that limit, usually with tougher credit, reserve and paperwork standards. Sterling Smith can weigh a jumbo structure against a conforming loan paired with a bigger down payment.
USDA options in rural Virginia
Much of Southside, the Shenandoah Valley and Southwest Virginia sits outside dense metro areas. USDA home loans can mean 0% down for an eligible Virginia buyer, provided the home sits in a qualifying area and household income stays under the program caps.
Answers
Virginia mortgage FAQs
Is there a Smith Mortgage Group office in Virginia?
No. There is no Virginia storefront; our branch sits at 605 Delray Street in Shelbyville, Tennessee, and FCM's licensing lets us lend in the Commonwealth. You can apply, sign disclosures and upload documents online, and Sterling Smith takes calls and texts at 931-205-9873. Local appraisers, inspectors and closing attorneys handle the on-the-ground pieces of your purchase.
How does a PCS move to Hampton Roads or Northern Virginia affect my mortgage timeline?
Orders usually give you a report date, and we work backward from it. Many buyers get pre-approved before arriving so they can shop during house-hunting leave. Virginia files usually reach closing in 30–45 days, and a well-prepared buyer can sometimes close in 21 days. Get your orders and Leave and Earnings Statement to us at the outset so underwriting can confirm military pay quickly.
Is flood insurance required for coastal Virginia homes?
For a Virginia property inside a FEMA special flood hazard area, a federally backed mortgage will generally require a flood policy, which is common along the Tidewater shoreline. Many buyers along the Virginia coast carry it even when the home is outside a mapped zone. Request a quote during your option or inspection period so the premium can be built into your qualifying payment before you are committed to the house.
Can I buy a historic home in Richmond or Charlottesville with renovation financing?
Often, yes. Construction and renovation loans can fold a Virginia home's price and the planned upgrades into one mortgage sized to the finished value. Historic homes may have extra review steps, contractor bids and inspection requirements. Whether a project qualifies hinges on the house, the work planned and the program's rules.
Are there down payment assistance programs for first-time buyers in Virginia?
Virginia and some of its cities and counties run down payment aid, with rules that hinge on income, where you buy and the kind of buyer you are. Sterling Smith can screen you for those programs and show how the assistance sits alongside an FHA, conventional or other first mortgage. Our first-time homebuyer guide also walks through the overall process.
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