Village Bank Mortgage Corporation

General information

At Village Bank Mortgage, we believe you are a neighbor, not a number, and that dedication to serve shows in everything we do and say. From the uniquely personal attention we give every individual and business referral partner to the time we spend volunteering in our communities’ numerous charities, Village Bank Mortgage is far more than just another mortgage company. It is a place where the power of friendship, community and people working together toward a common goal is alive and prospering; a place where everyone really knows you by name.

Ever since we opened our first branch in 1999, our goal has always been the same: To be the best mortgage company in the areas we serve by providing superior services and by helping the community around us grow and prosper. Being locally owned and operated means that we are connected to everyone that we serve and even to those who might not do business with us. We hope that through our efforts we can help those in need and inspire others to donate their time and resources in helping the community as well.

That is why several of our Loan Officers have been recognized as Top Producers by the Virginia Housing Development Authority(VHDA)

We have offices all over the State of Virginia. We believe that providing neighbors with the resources to purchase a home is the most important service we can offer.

Loan Programs

The following is a partial list of programs offered by Village Bank Mortgage Corporation with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 804-330-9800.

Grant Funds
VHDA Loans
Conventional
Rural Housing
VA Mortgages
FHA Mortgage
Jumbo Loans
97% LTV Loans
Investor Loans
Construction Loans
Second Mortgage Loans
No Down Payment

Grant Funds
If applicable, you may qualify for up to $10,000 for first-time homebuyers.

VHDA Loans
Preferred lender with one of the best bond funded financing programs in the Country.

Conventional
Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.

Rural Housing
Rural Housing up to 102%.

VA Mortgages
Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.

FHA Mortgage
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3% down payment and they can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

Jumbo Loans
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation.

Cash out and No cash out refinance are allowable. Single family detached, Condo’s, PUD’s and single-family second homes can be financed with no prepayment penalty.

97% LTV Loans
New loan product where qualified borrowers can put down 3% with no mortgage insurance required.

Investor Loans
Used to finance 1-4 family properties that will be for investment with as little as a 20% down payment.

Construction Loans
Building a new home can be an exciting prospect – unless you get caught up in a construction loan approval process that is overly complicated and time consuming. With this loan, we will finance up to 90% of the cost of land plus the costs of construction. We offer a one-time fixed rate closing or traditional ARM products.

Second Mortgage Loans
Subordinate to the first mortgage, these loans offer the borrower the ability to get money for home improvement, debt consolidation, or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.

No Down Payment
0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs).