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Virginia Mortgage Broker

Virginia mortgage broker is a highly qualified professional who has extensive experience in providing a number of loan options and various other services to the home buyers in the state. Buying a home may be considered as the most important purchase in our lifetime and the best way to buy a home is with the help of a home loan. However, with the huge variety of mortgage programs available in the Virginia, it becomes confusing for the home buyers to choose suitable loan terms. So, whether you are going a buy a town home or a vacation home , it is very essential for you to get some help from mortgage brokers in Virginia.

Virginia Mortgage Broker License

Mortgage brokers in Virginia are licensed by the Virginia Bureau of Financial Institutions (BFI), which is a state run agency under the umbrella network of Virginia State Corporation Commission (SCC). The Bureau acts as the chief regulatory agency for the entire mortgage banking industry and determines the licensing requirement parameters for various individuals and firms comprising the industry. For a mortgage broker license, the candidate needs to maintain a surety bond of no less than $25,000. In addition , a fee of $500 is charged for issuing a mortgage broker license, which is required to be renewed on yearly basis. Moreover, a firm has to provide evidence of appropriate training of the professionals working there in order to obtain a broker license. Though there are no approved courses in Virginia for the same, the employers are held responsible for the training of new employees and their awareness of mortgage laws.

Virginia Association of Mortgage Brokers

Virginia Association of Mortgage Brokers is state-wide organization that endeavors to promote home loan lending and selling business in the state of Virginia. The association consist of mortgage broker members serving the home buyers and borrowers in the state. They provide training courses and education programs for its broker members to enhance the quality of their services.

VA mortgage brokers and their loan options

Home mortgage brokers in Virginia work with several local as well as nationwide lenders that are well known in the state. These brokers can bring a wide resource of mortgage programs from reputed lenders thereby allowing the home buyers to get their desired loan terms. In other words, dealing with reliable brokers will allow you to get a number of loan terms that include:
  • New home loan
  • Second mortgage
  • Refinance loan
  • FHA & VA terms
  • Home equity loan
  • Jumbo loan
  • Conventional programs
  • Debt consolidation loan
  • Bad credit loan, etc
Gone are the days when you have to visit several traditional brokers to get some services. Now, online mortgage brokers are there to help you in the state of Virginia. By finding out a reliable home loan lender offering online presence, you can get a number of services like free loan quotes, rate comparison, loan calculator and friendly customer support services. Home loan brokers will make the entire legwork of your loan application and help you to find the loan term that will work out for you. A Disclosure of terms of mortgage application is also required to be submitted to the concerning authority while processing a loan request in Virgina
 
Broker Outpost
Home buyers could find the most reliable mortgage brokers in Virginia with a little help from Broker Outpost. The company provide reliable info on mortgage brokers operating in the state.
Website:http://virginia.brokeroutpost.com/loans/mortgage_broker_directory.asp
 
PersonalHomeLoanMortgages.com
At PersonalHomeLoanMortgages.com, visitors will be able to find the most reputed mortgage brokers operating in the state of Virginia. They also allow the borrowers to find the lowest possible mortgage rates in the state.
Website:http://www.personalhomeloanmortgages.com/virginia
 
Virginia Association of Mortgage Brokers
Virginia Association of Mortgage Brokers is a non-profit organization that works to improve the mortgage lending business in the state of Virginia. Visit the official website of the association to get further information on their services.
Website:http://www.vamb.org/


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