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4 Reasons Southwest VA is the Perfect Place to Raise a Family

November 17, 2020 by First Residential Mortgage

Buying a Home in Blacksburg Virginia

Thinking about moving your family to Blacksburg, Abingdon, Marion, or elsewhere in Southwest VA? Buying a home in Blacksburg or any of the surrounding communities is a great choice for anyone but may be an especially ideal fit if you have kids to raise. Here are a few reasons to consider settling … [Read more...]

Filed Under: Buy A Home Tagged With: Abingdon, Blacksburg, Buying A Home Tips, Marion, Virginia

Avoid These Mistakes When Buying a Home for Retirement

September 18, 2020 by First Residential Mortgage

Buy A Home in Blacksburg, VA

If you are shopping for a home for retirement, it helps to know what mistakes to avoid so that you can save money and choose a home that will be ideal for your needs over the years to come. Mistakes to Avoid When Buying a Home for Retirement Below are some common pitfalls that retirees and … [Read more...]

Filed Under: Buy A Home Tagged With: Abingdon, Blacksburg, Marion, Tips for Buying a Home, Virginia

Financial Tips When Buying a Home During COVID-19

May 20, 2020 by First Residential Mortgage

Financial Tips When Buying a Home During COVID-19

This is an unusual time to be shopping for a home, but we are seeing record low mortgage rates, so it can also be an advantageous one. If you are going to purchase a home during COVID-19, it is important to weigh all the financial considerations involved with respect to current and possible … [Read more...]

Filed Under: Purchase Tagged With: Abingdon, Blacksburg, Buy A Home, Christiansburg, Home Buyer, Marion, Tips, Virginia

Mortgage Insurance Premiums (MIP) vs. Private Mortgage Insurance (PMI)

February 19, 2020 by First Residential Mortgage

Mortgage Insurance Premiums (MIP) vs. Private Mortgage Insurance (PMI)

Depending on the type of mortgage you are applying for, how large a down payment you are making, and your credit score and DTI ratio, you may be required to purchase insurance along with your monthly payments on your home loan. Usually, this type of insurance is referred to as "private mortgage … [Read more...]

Filed Under: Mortgage Insurance Tagged With: Abingdon, Blacksburg, Christiansburg, Marion, MIP, Mortgage, Mortgage Insurance Premium, PMI, Private Mortgage Insurance, Virginia

How Do You Verify Your Assets When Applying for a Mortgage?

February 4, 2020 by First Residential Mortgage

How Do You Verify Your Assets When Applying for a Mortgage?

When it comes to evaluating your qualifications for a home loan, a variety of factors will be assessed. These include your credit score, DTI ratio, employment status, and your assets. The more assets you have, the less risky you are to lend to. Proving your assets can be particularly important if … [Read more...]

Filed Under: Mortgage Loan Tagged With: Abingdon, Blacksburg, Christiansburg, Home loan, Marion, Mortgage, Mortgage Appication, Virginia

Virginia Conventional Loan Limits Higher in 2020

January 6, 2020 by First Residential Mortgage

Virginia Conventional Loan Limits Higher in 2020

If you are in the market for a home in Blacksburg or elsewhere in Virginia, a conventional mortgage is a great way to save money on your down payment and get a loan term and mortgage rate which suit your needs. If you buy a home in 2020, you will discover that it is easier to qualify for … [Read more...]

Filed Under: Conventional Tagged With: Abingdon, Blacksburg, Christiansburg, Conventional Loans, Loans, Marion, Virginia

How Do You Know Whether a Refinance Is Worth It?

November 21, 2019 by First Residential Mortgage

How Do You Know Whether a Refinance Is Worth It?

If you are thinking about refinancing your home in Virginia, now is a pretty good time to do it. Mortgage rates have climbed a little bit since the linked post but remain low compared to last year. You probably know, however, that refinancing carries a cost. You may wonder whether it is worth … [Read more...]

Filed Under: Refinance Tagged With: Abingdon, Blacksburg, Christiansburg, Home mortgage, Marion, Refinancing, Virginia

With Fixed Mortgage Rates Dropping, Now is the Time to Refinance Your Virginia Home Loan

October 17, 2019 by First Residential Mortgage

With Fixed Mortgage Rates Dropping, Now is the Time to Refinance Your Virginia Home Loan

Have an adjustable rate mortgage (ARM) and been thinking about refinancing to a fixed rate? You may want to consider taking action. If you have been following mortgage rates closely over the past couple months, you are probably aware that rates have been quite low. Now, according to the most recent … [Read more...]

Filed Under: Mortgage Rates Tagged With: Blacksburg, Christiansburg, Fixed mortgage, Home loan, Rates, Refinance, Virginia

Tips for Choosing a Mortgage Broker in Christiansburg

September 17, 2019 by First Residential Mortgage

Tips for Choosing a Mortgage Broker in Christiansburg

As part of the Blacksburg-Christiansburg-Radford Metro Area, Christiansburg features lovely, affordable homes, profitable employment opportunities, and access to nearby Virginia Tech. If you are looking to buy a home in the beautiful town of Christiansburg, VA, you are going to need to start by … [Read more...]

Filed Under: Mortgage Broker Tagged With: Broker, Christiansburg, Tips, Virginia

Quick Tips for First Time Homebuyers

August 15, 2019 by First Residential Mortgage

Quick Tips for First Time Homebuyers

Trying to navigate the world of home loans as a first time homebuyer can seem complicated. To try and make it simpler for you and to make the process a bit smoother, we've put together a quick selection of tips for buying your first home and choosing the right home loan. • While you should … [Read more...]

Filed Under: First Time Homebuyers Tagged With: Abingdon, Blacksburg, Marion

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Popular Blogs

  • 4 Reasons Southwest VA is the Perfect Place to Raise a Family

    4 Reasons Southwest VA is the Perfect Place to Raise a Family

    November 17, 2020
  • Avoid These Mistakes When Buying a Home for Retirement

    Avoid These Mistakes When Buying a Home for Retirement

    September 18, 2020
  • Financial Tips When Buying a Home During COVID-19

    Financial Tips When Buying a Home During COVID-19

    May 20, 2020
  • Mortgage Insurance Premiums (MIP) vs. Private Mortgage Insurance (PMI)

    Mortgage Insurance Premiums (MIP) vs. Private Mortgage Insurance (PMI)

    February 19, 2020
  • How Do You Verify Your Assets When Applying for a Mortgage?

    How Do You Verify Your Assets When Applying for a Mortgage?

    February 4, 2020

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First Residential Mortgage Corporation is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

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