Mortgage Lenders and Brokers in Monterey, Virginia
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Monterey, Virginia mortgage lenders include Burke & Herbert Bk & Tr CoBurke & Herbert Bk & Tr Co195 West Main Strret, Monterey, VA 24465A5.0 ★Texas Ratio: 7.39%, Navy Federal Credit UnionNavy Federal Credit Union7678D Richmond Hwy, Alexandria, VA 22306A5.0 ★Texas Ratio: 8.14%, Farmers & Merchants BankFarmers & Merchants Bank100 Plaza Dr, Bridgewater, VA 22812A+5.0 ★Texas Ratio: 3.40%, Langley Federal Credit UnionLangley Federal Credit Union13478 Carrollton Blvd Ste A, Carrollton, VA 23314A5.0 ★Texas Ratio: 10.20%, First Ciitizens Bank and TrustFirst Ciitizens Bank and Trust950 N Glebe Rd, Arlington, VA 22203A5.0 ★Texas Ratio: 7.72%, Vellum Mortgage, Inc.Vellum Mortgage, Inc.Fairfax, VA, Farm Credit of the Virginias, ACAFarm Credit of the Virginias, ACAStaunton, VA, Rocket Mortgage, Royal United Mortgage LLC, and Gateway First BankGateway First BankB+4.8 ★Texas Ratio: 17.16%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Monterey, Virginia in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Monterey are listed first, then lenders elsewhere in Virginia, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Monterey, Virginia
Market share is the lender's share of all home loans closed in Monterey, Virginia. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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1 office in Monterey 195 West Main Strret, Monterey, VA 24465 A5.0 ★Texas Ratio: 7.39% |
Conventional, HELOC | 1 +2 HELOCs |
4.8% | 100% | $115,000 | View |
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7678D Richmond Hwy, Alexandria, VA 22306 A5.0 ★Texas Ratio: 8.14% |
Conventional, HELOC | 1 +1 HELOCs |
4.8% | 50% | $255,000 | |
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100 Plaza Dr, Bridgewater, VA 22812 A+5.0 ★Texas Ratio: 3.40% |
Conventional | 1 | 4.8% | 100% | $255,000 | View |
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13478 Carrollton Blvd Ste A, Carrollton, VA 23314 A5.0 ★Texas Ratio: 10.20% |
Conventional | 1 | 4.8% | 100% | $295,000 | View |
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950 N Glebe Rd, Arlington, VA 22203 A5.0 ★Texas Ratio: 7.72% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Vellum Mortgage, Inc.
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Conventional | 3 | 14.3% | 100% | $305,000 | |
Farm Credit of the Virginias, ACA
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Conventional | 2 | 9.5% | 100% | $255,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 5 | 23.8% | 71.4% | $325,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 4.8% | 100% | $125,000 | |
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B+4.8 ★Texas Ratio: 17.16% |
FHA | 1 | 4.8% | 100% | $175,000 | View |
Amerisave Mortgage Company
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Conventional | 1 | 4.8% | 100% | $35,000 | |
Cmg Mortgage Inc
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VA | 1 | 4.8% | 100% | $465,000 | |
American Pacific Mortgage Corporation
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FHA | 1 | 4.8% | 100% | $255,000 | |
Mortgage Research Center
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VA | 1 | 4.8% | 100% | $305,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
Conventional | 1 | 4.8% | 100% | $105,000 | View |
Monterey Mortgage Rate Trends
Daily average mortgage rates for Virginia compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Monterey, Virginia
Looking for mortgage lenders near me or mortgage brokers near me in Monterey? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Monterey in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Monterey, VA
Use these to narrow the list above. Each category shows how many Monterey, VA lenders fit and what that kind of lender is usually best for.
Who Lends in Monterey, VA
Independent mortgage companies closed 71.4 percent of home loans in Monterey, Virginia in 2025, banks 19 percent and credit unions 9.5 percent. Vellum Mortgage, Inc. was the largest mortgage company, Burke & Herbert Bk & Tr Co the largest bank and Navy Federal Credit Union the largest credit union. Among lenders headquartered in Virginia, Burke & Herbert Bk & Tr Co led with 1 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Attorneys customarily handle closings in Virginia. State recordation tax of $0.25 per $100 on deeds and on deeds of trust (buyer/borrower), a state grantor tax of $0.50 per $500 (seller), localities may add one third of the state tax, and Northern Virginia and Hampton Roads add a regional grantor tax of $0.10 per $100 (Va. Code 58.1-801 through 58.1-803).
More Virginia Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Monterey, VA
By home loans closed in 2025, Burke & Herbert Bk & Tr Co was the largest mortgage lender in Monterey, Virginia with 1 loans, about 4.8 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
3 lenders closed FHA loans in Monterey, Virginia in 2025, led by Rocket Mortgage with 1. 3 lenders closed VA loans, led by Rocket Mortgage. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 5 banks and 2 credit unions closed home loans in Monterey, Virginia in 2025, alongside 8 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Monterey, Virginia during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Monterey, Virginia for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Monterey. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
