Business Details
Your Trusted Mortgage Partner in Richmond, VA
At 1st Financial Mortgage, we have dedicated ourselves to serving Virginia home buyers and homeowners for over 28 years. Our Richmond-based team prioritizes personalized service, ensuring each client works directly with a single expert from application to closing. We specialize in competitive mortgage rates, low closing costs, and flexible loan programs tailored to diverse financial situations. Our commitment to transparency and customer education simplifies the home buying and refinancing process. With a focus on local market expertise, we offer conventional, FHA, and VA loan options to suit various needs. Our repeat clientele and positive testimonials reflect our dedication to exceptional service and customer satisfaction.We pride ourselves on prompt communication, clear explanations of complex mortgage concepts, and finding optimal solutions for each borrower's unique circumstances. Our streamlined process and lender credits for closing cost reduction demonstrate our commitment to making homeownership accessible. Through consistent follow-up and attention to detail, we ensure a stress-free mortgage experience. Our team's extensive experience and personalized approach have established us as trusted partners in Virginia's real estate market.
Services
Conventional Mortgages
FHA Loans
VA Loans
Refinance Options
Cash-Out Refinance
Pre-Approval Letters
Mortgage Insurance Options
Flexible Loan Terms
Low Closing Costs
Competitive Interest Rates
Highlights and features
- We offer over 28 years of mortgage experience with personalized service
- Our direct-service model connects you with one dedicated expert
- We provide competitive rates and low closing cost options
- We offer flexible loan programs for various financial situations
- Our team specializes in Virginia-specific mortgage solutions
What people say
Delightful experience
Extremely pleasant
Second to none service
Knowledgeable and patient
Prompt and personal service
Services
Conventional Mortgages
Our conventional mortgage programs offer down payments as low as 3% with flexible terms from 8 to 30 years. We provide borrower-paid or lender-paid mortgage insurance options for loans exceeding 80% loan-to-value. Competitive rates reward borrowers with 75% or lower loan-to-value ratios, helping you secure optimal financing for your Virginia home purchase.
FHA Loans
FHA mortgage programs require just 3.5% down payment for Virginia home buyers. Our cash-out refinance options allow up to 85% loan-to-value, providing funds for home improvements or debt consolidation. We guide first-time buyers through the process while helping repeat buyers maximize their equity in Virginia's real estate market.
VA Loans
We specialize in 100% financing VA mortgages for eligible veterans and service members. Our cash-out refinance programs allow up to 90% loan-to-value, offering Virginia military families maximum flexibility. We handle the unique requirements of VA loans while maintaining fast processing times and competitive rates for qualified applicants.
Refinance Options
Our refinance programs include rate-and-term options and cash-out solutions for Virginia homeowners. We offer competitive rates for conventional refinances up to 80% LTV, FHA refinances up to 85% LTV, and VA refinances up to 90% LTV. Our experts help you determine if lender credits for closing cost reduction would benefit your specific situation.
Pre-Approval Letters
We provide timely pre-approval letters to strengthen your Virginia home purchase offer. Our process requires minimal documentation and can be completed via phone, email, or in-person appointments. These letters demonstrate your financial readiness to sellers while helping you understand your budget before house hunting.
People
Gary
Mortgage Professional
With over 28 years of mortgage experience, Gary specializes in Virginia home financing solutions. He guides clients through the entire mortgage process, offering personalized advice on loan programs and closing cost options. His expertise in conventional, FHA, and VA mortgages helps Virginia home buyers make informed decisions.
Questions
What mortgage rates and services can I expect?
We offer competitive rates with personalized service. Our experts guide you through the entire process while providing transparent information about loan options and closing costs.
How do I get an interest rate quote?
Visit our contact page for an email quote or call us directly for detailed rate information tailored to your specific situation.
Can I get a mortgage with reduced closing costs?
Yes, we offer lender credits that can cover some or all closing costs. Our team will help determine the best option for your financial situation.
How long does the mortgage process take?
The average process takes 30-45 days, with expedited options available for time-sensitive Virginia real estate transactions.
Can I get help choosing the right mortgage?
Yes, our Virginia mortgage experts provide personalized guidance via phone or email to help you select the optimal loan program for your needs.
What are the credit score requirements?
Some loan programs accept minimum credit scores as low as 620, with better rates available for higher credit profiles.
