Population
8,626,210
Average Household Income
$111,013
Lorena Testardi
Loan Officer
Wilmington, DE
Licensed In DE, PA & VA
NMLS #146269
Trusted Mortgage Lender in Virginia
Customized home loans tailored for Virginia buyers, with local service and national strength.
Born in New England, Built to Serve Virginia
NewFed Mortgage Corp. is an excellent mortgage lender in Virginia to consider when looking for a mortgage. They offer a wide range of mortgage products, including conventional, FHA, VA, and USDA loans, as well as refinancing options. With a team of experienced mortgage professionals, NewFed Mortgage Corp. is dedicated to providing exceptional customer service and making the mortgage process as stress-free as possible. As a trusted mortgage lender in Virginia, they have a deep understanding of the local housing market and can provide expert guidance on the best neighborhoods, school districts, and home values. Whether you’re a first-time homebuyer or looking to refinance, their knowledgeable team ensures you receive the best loan options tailored to your needs. NewFed Mortgage Corp. stands out from its competitors by offering competitive rates, personalized service, and a commitment to transparency and communication. Choosing a reputable mortgage lender in Virginia like NewFed Mortgage Corp. means partnering with a company that prioritizes your homeownership goals and financial well-being.
Virginia offers a diverse range of cities and towns, each with its own unique character and charm. The state capital of Richmond is a vibrant and historic city with a thriving arts and culture scene, while Northern Virginia, including cities like Arlington and Alexandria, offers a more suburban lifestyle with easy access to Washington, D.C.
Danvers Branch
Reading Branch
North Andover Branch
Winthrop Branch
Milton Branch
Loan Officers In Virginia
Virginia at a Glance
Virginia Mortgage & Housing Market Insights
Median Household Income
According to the U.S. Census Bureau, the median household income in Virginia is $99,858. Don't let that deter you from exploring financing. We have several programs that can help you save.
Median Home Price
Zillow reports that the average home value in Virginia is $628,654, reflecting a 5.1% increase over the past year.
Affordability Index
Research indicates that the median household income as a percentage of home value is 15%. While this suggests that housing affordability is a significant challenge here, we can help!
Financed Property Types
The most commonly financed property types in Virginia continues to be single-family and multi-family homes.
Mortgage Options for Virginia Homebuyers
Conventional Loans
Best for people with steady income and good credit who want low-interest rates.
VA Loans
A top choice for veterans, active military, and their families to buy a home with no down payment.
USDA Loans
Best for people buying a home in the country, with no down payment and low costs.
Reverse Mortgages
A good choice for older homeowners who want to get money from their home without selling it.
Non-Conventional Loans
A good option for people who don’t qualify for regular home loans but need a special loan.
HELOC Loans
Lets homeowners use the value of their home to get money for projects or bills.
FHA Loans
A smart pick for first-time homebuyers or people with lower credit who need a small down payment.
Ask Us About MassHousing
Partnered with MassHousing, we can offer eligible homebuyers additional savings on their home purchase. Speak to one of our Virginia loan officers to learn more and discuss your eligibility.
Mortgage Pricing & Affordability Calculators
Crunch some numbers to see what options you may have. These calculators are a great way to start exploring your possibilities. To get a true loan estimate, reach out to one of our mortgage loan officers! We will get you pre-approved and shopping with confidence.
Five Things to Know When Starting the Homebuying Process
Just getting started on your homebuying journey? Our free guide, 5 Things to Know When Starting the Homebuying Process, is packed with expert tips to help you feel confident and prepared from day one. Learn how to get pre-approved, understand hidden costs, act fast in competitive markets, and more. Download your copy today and take the first step toward smart, stress-free homeownership with NewFed Mortgage by your side.
Why More Virginia Buyers Choose NewFed Mortgage
- Fast closings (39% faster than industry average)
- Local loan officers across the state
- Modern (and mobile-friendly) tech + personal support
- 20+ years of local mortgage lending
- Family-owned, Chelsea-based roots
- Named A Top Place to Work by The Boston Globe (2024)
