Mortgage Lenders and Brokers in Salem, 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
Salem, Virginia mortgage lenders include Atlantic Union BankAtlantic Union Bank1251 W Main St, Salem, VA 24153A+5.0 ★Texas Ratio: 2.51%, Truist BankTruist Bank2929 Keagy Rd, Salem, VA 24153A+5.0 ★Texas Ratio: 2.87%, Wells Fargo Bank NAWells Fargo Bank NA1432 Apperson Dr, Salem, VA 24153A+5.0 ★Texas Ratio: 5.36%, Pinnacle BankPinnacle Bank8 E Main St, Salem, VA 24153A+5.0 ★Texas Ratio: 3.04%, First Ciitizens Bank and TrustFirst Ciitizens Bank and Trust106 Roanoke Blvd, Salem, VA 24153A5.0 ★Texas Ratio: 7.72%, Cnb BankCnb Bank124 W Main St, Salem, VA 24153A5.0 ★Texas Ratio: 6.26%, Carter Bank and TrustCarter Bank and Trust1400 Electric Rd, Salem, VA 24153A5.0 ★Texas Ratio: 7.55%, Virginia Federal Credit UnionVirginia Federal Credit Union1436 W Main St, Salem, VA 24153A5.0 ★Texas Ratio: 6.40%, Freedom First Federal Credit UnionFreedom First Federal Credit Union1235 Electric Rd, Salem, VA 24153A+5.0 ★Texas Ratio: 3.69%, and Blue Eagle Credit UnionBlue Eagle Credit Union2809 W Main St, Salem, VA 24153 2059A+5.0 ★Texas Ratio: 0.62%. 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 Salem, Virginia in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Salem 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 Salem, Virginia
Market share is the lender's share of all home loans closed in Salem, 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 Salem 1251 W Main St, Salem, VA 24153 A+5.0 ★Texas Ratio: 2.51% |
Conventional, FHA, HELOC | 11 +22 HELOCs |
2.5% | 100% | $242,272 | View |
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★ 1 stars, 1 review 2 offices in Salem 2929 Keagy Rd, Salem, VA 24153 A+5.0 ★Texas Ratio: 2.87% |
Conventional, VA, HELOC | 8 +23 HELOCs |
1.8% | 100% | $301,250 | View |
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1 office in Salem 1432 Apperson Dr, Salem, VA 24153 A+5.0 ★Texas Ratio: 5.36% |
Conventional, FHA | 7 | 1.6% | 100% | $200,714 | View |
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1 office in Salem 8 E Main St, Salem, VA 24153 A+5.0 ★Texas Ratio: 3.04% |
Conventional, HELOC | 6 +5 HELOCs |
1.4% | 100% | $210,000 | View |
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1 office in Salem 106 Roanoke Blvd, Salem, VA 24153 A5.0 ★Texas Ratio: 7.72% |
Conventional, HELOC | 6 +3 HELOCs |
1.4% | 87.5% | $233,333 | View |
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1 office in Salem 124 W Main St, Salem, VA 24153 A5.0 ★Texas Ratio: 6.26% |
Conventional, HELOC | 4 +7 HELOCs |
0.9% | 100% | $317,500 | View |
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1 office in Salem 1400 Electric Rd, Salem, VA 24153 A5.0 ★Texas Ratio: 7.55% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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1436 W Main St, Salem, VA 24153 A5.0 ★Texas Ratio: 6.40% |
Conventional, FHA, HELOC | 17 +17 HELOCs |
3.8% | 81% | $143,235 | View |
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1235 Electric Rd, Salem, VA 24153 A+5.0 ★Texas Ratio: 3.69% |
Conventional, HELOC | 14 +29 HELOCs |
3.2% | 89.5% | $220,714 | View |
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2809 W Main St, Salem, VA 24153 2059 A+5.0 ★Texas Ratio: 0.62% |
Conventional | 9 | 2% | 81.8% | $120,555 | View |
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1206 South Main Street, Blacksburg, VA 24060 A+5.0 ★Texas Ratio: 3.31% |
Conventional | 6 | 1.4% | 100% | $121,666 | View |
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98 Blue Ridge Blvd, Blue Ridge, VA 24064 A+5.0 ★Texas Ratio: 2.42% |
Conventional | 6 | 1.4% | 100% | $195,000 | View |
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7678D Richmond Hwy, Alexandria, VA 22306 A5.0 ★Texas Ratio: 8.14% |
Conventional, HELOC | 3 +1 HELOCs |
0.7% | 100% | $205,000 | |
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102 Wall St Sw, Abingdon, VA 24210 A+5.0 ★Texas Ratio: 0.34% |
Conventional | 3 | 0.7% | 100% | $218,333 | View |
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42030 Village Center Plz, Aldie, VA 20105 A+5.0 ★Texas Ratio: 4.14% |
Conventional, HELOC | 1 +2 HELOCs |
0.2% | 100% | $335,000 | View |
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106 N Washington St, Alexandria, VA 22314 A+5.0 ★Texas Ratio: 3.68% |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $435,000 | View |
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231 S College Ave, Salem, VA 24153 A+5.0 ★Texas Ratio: 1.98% |
Conventional, Jumbo | 1 | 0.2% | 100% | $1,405,000 | View |
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933 E Main St, Abingdon, VA 24210 A+5.0 ★Texas Ratio: 3.79% |
Conventional | 1 | 0.2% | 100% | $325,000 | View |
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★ 1.7 stars, 3 reviews 3131 Duke St, Alexandria, VA 22314 A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Atlantic Bay Mortgage Group
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Conventional, FHA, VA | 69 | 15.6% | 100% | $244,710 | |
ALCOVA Mortgage, LLC
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Conventional, FHA, VA | 18 | 4.1% | 100% | $252,777 | |
Integrity Home Mortgage Corporation
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Conventional, FHA, VA | 10 | 2.3% | 100% | $294,000 | |
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A+5.0 ★Texas Ratio: 1.80% |
Conventional | 2 | 0.5% | 100% | $145,000 | View |
Prosperity Home Mortgage, LLC
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FHA, VA | 2 | 0.5% | 100% | $250,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.2% | 100% | $265,000 | View |
Credit Union Mortgage Associat
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Conventional | 1 | 0.2% | 100% | $505,000 | |
First Heritage Mortgage, LLC
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Conventional | 1 | 0.2% | 100% | $415,000 | |
Capital Center LLC
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Conventional | 1 | 0.2% | 100% | $175,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 54 | 12.2% | 87.7% | $196,851 | |
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A+5.0 ★Texas Ratio: 0.40% |
Conventional, FHA, VA | 22 | 5% | 100% | $228,636 | View |
United Wholesale Mortgage
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Conventional, FHA, VA | 12 | 2.7% | 80% | $236,666 | |
Mortgage Research Center
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VA | 8 | 1.8% | 66.7% | $265,000 | |
SWBC Mortgage Corporation
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Conventional | 7 | 1.6% | 100% | $263,571 | |
loanDepot.com LLC
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Conventional, FHA, VA | 7 | 1.6% | 72.7% | $222,142 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 7 | 1.6% | 77.8% | $180,714 | |
Nationstar Mortgage
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Conventional, FHA, VA | 7 | 1.6% | 87.5% | $122,142 | |
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A+5.0 ★Texas Ratio: 5.29% |
Conventional, FHA, VA | 5 | 1.1% | 100% | $317,000 | View |
Fairway Independent Mort Corp
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Conventional, FHA | 5 | 1.1% | 100% | $203,000 | |
Guaranteed Rate, Inc.
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Conventional, FHA, HELOC | 4 +1 HELOCs |
0.9% | 100% | $252,500 | |
Lakeview Loan Servicing, LLC
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Conventional, FHA, VA | 4 | 0.9% | 66.7% | $175,000 | |
CrossCountry Mortgage, LLC
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Conventional, FHA | 4 | 0.9% | 100% | $272,500 | |
Waterstone Mortgage Corporation
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Conventional, FHA, VA | 4 | 0.9% | 100% | $197,500 | |
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A+5.0 ★Texas Ratio: 0.55% |
Conventional | 4 | 0.9% | 100% | $287,500 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional, FHA | 4 | 0.9% | 100% | $160,000 | View |
Newrez LLC
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Conventional | 3 | 0.7% | 100% | $95,000 | |
Amerisave Mortgage Company
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Conventional, FHA | 3 | 0.7% | 40% | $85,000 | |
American Financial Network, Inc.
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FHA | 3 | 0.7% | 100% | $238,333 | |
Nation One Mortgage Corporatio
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Conventional, FHA, VA | 3 | 0.7% | 100% | $201,666 | |
Union Home Mortgage Corp.
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Conventional | 3 | 0.7% | 75% | $268,333 | |
Planet Home Lending, LLC
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Conventional, FHA | 3 | 0.7% | 75% | $151,666 | |
Lower, LLC
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Conventional, FHA, VA | 3 | 0.7% | 100% | $391,666 | |
Spring Eq, LLC
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Conventional | 3 | 0.7% | 75% | $45,000 | |
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A+5.0 ★Texas Ratio: 2.85% |
Conventional | 2 | 0.5% | 100% | $210,000 | View |
PHH Mortgage Corporation
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Conventional, FHA | 2 | 0.5% | 100% | $155,000 | |
Guild Mortgage Company
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FHA | 2 | 0.5% | 100% | $340,000 | |
Cardinal Financial Company, Li
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Conventional, FHA | 2 | 0.5% | 100% | $105,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
Conventional | 2 | 0.5% | 66.7% | $200,000 | View |
American Pacific Mortgage Corporation
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Conventional, FHA | 2 | 0.5% | 100% | $310,000 | |
Keystone Funding, Inc
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Conventional, FHA | 2 | 0.5% | 100% | $365,000 | |
Mutual of Omaha Mortgage
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Conventional, FHA | 2 | 0.5% | 100% | $260,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
Conventional, FHA | 2 | 0.5% | 100% | $105,000 | View |
Tammac Holdings Corporation
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Conventional | 2 | 0.5% | 33.3% | $70,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional, FHA | 2 | 0.5% | 100% | $170,000 | |
HomeBridge Financial Services, Inc
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VA, HELOC | 1 +1 HELOCs |
0.2% | 100% | $355,000 | |
Equity Resources Inc
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Conventional | 1 | 0.2% | 100% | $305,000 | |
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A+5.0 ★Texas Ratio: 3.36% |
VA | 1 | 0.2% | 100% | $285,000 | View |
Guaranteed Rate Affinity, LLC
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Conventional | 1 | 0.2% | 100% | $295,000 | |
Royal United Mortgage LLC
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FHA | 1 | 0.2% | 100% | $205,000 | |
Primelending
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Conventional | 1 | 0.2% | 100% | $185,000 | |
Goodleap, LLC
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Conventional | 1 | 0.2% | 100% | $135,000 | |
Freedom Mortgage Corporation
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FHA | 1 | 0.2% | 66.7% | $165,000 | |
Nbkc Bank
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Conventional | 1 | 0.2% | 100% | $595,000 | |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.2% | 100% | $225,000 | |
Loanunited.Com, LLC
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VA | 1 | 0.2% | 100% | $395,000 | |
Resicentral LLC
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Conventional | 1 | 0.2% | 100% | $285,000 | |
Deephaven Mortgage LLC
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Conventional | 1 | 0.2% | 100% | $305,000 | |
Homestead Funding Corp.
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Conventional | 1 | 0.2% | 100% | $275,000 | |
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A+5.0 ★Texas Ratio: 4.72% |
Conventional | 1 | 0.2% | 100% | $295,000 | View |
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A+5.0 ★Texas Ratio: 0.26% |
Conventional | 1 | 0.2% | 100% | $365,000 | View |
Discover Bank
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Conventional | 1 | 0.2% | 33.3% | $35,000 | |
Network Capital Funding Corporation
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VA | 1 | 0.2% | 100% | $305,000 | |
First Colony Mortgage Corporat
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FHA | 1 | 0.2% | 100% | $235,000 | |
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A+5.0 ★Texas Ratio: 1.56% |
Conventional | 1 | 0.2% | 100% | $85,000 | |
Library of Congress Federal Credit Union
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Conventional | 1 | 0.2% | 100% | $125,000 | |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.2% | 100% | $265,000 | View |
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B-4.3 ★Texas Ratio: 23.12% |
Conventional | 1 | 0.2% | 50% | $195,000 | View |
Nmsi, Inc.
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Conventional | 1 | 0.2% | 100% | $315,000 | |
American Partners Federal Credit Union
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Conventional | 1 | 0.2% | 100% | $185,000 | |
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A4.8 ★Texas Ratio: 2.45% |
Conventional, Jumbo | 1 | 0.2% | 100% | $985,000 | View |
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B+4.8 ★Texas Ratio: 16.98% |
Conventional | 1 | 0.2% | 100% | $185,000 | View |
Reliance First Capital, LLC
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FHA | 1 | 0.2% | 100% | $155,000 | |
Top Flite Financial, Inc.
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FHA | 1 | 0.2% | 50% | $65,000 | |
Figure Lending LLC
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HELOC | 0 +3 HELOCs |
0% | n/a | ||
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Sun West Mortgage Company, Inc
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Truliant Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Pentagon Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Better Mortgage Corporation
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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A+5.0 ★Texas Ratio: 2.32% |
HELOC | 0 +1 HELOCs |
0% | 0% | View |
Salem 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 Salem, Virginia
Looking for mortgage lenders near me or mortgage brokers near me in Salem? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Salem in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Salem, VA
Use these to narrow the list above. Each category shows how many Salem, VA lenders fit and what that kind of lender is usually best for.
Who Lends in Salem, VA
Independent mortgage companies closed 68.8 percent of home loans in Salem, Virginia in 2025, banks 20.1 percent and credit unions 11.1 percent. Atlantic Bay Mortgage Group was the largest mortgage company, Atlantic Union Bank the largest bank and Virginia Federal Credit Union the largest credit union. Among lenders headquartered in Virginia, Atlantic Union Bank led with 11 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 Salem, VA
By home loans closed in 2025, Atlantic Union Bank was the largest mortgage lender in Salem, Virginia with 11 loans, about 2.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Salem, Virginia, Atlantic Bay Mortgage Group approved the highest share of completed applications in 2025 at 100 percent, against a 89.8 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
39 lenders closed FHA loans in Salem, Virginia in 2025, led by Atlantic Bay Mortgage Group with 16. 21 lenders closed VA loans, led by Mortgage Research Center. 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. 33 banks and 11 credit unions closed home loans in Salem, Virginia in 2025, alongside 55 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 Salem, 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 Salem, 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 Salem. 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.
