The next step is hunting down the best mortgage for that Reston home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Reston lenders that will compete to provide a loan at the lowest rate, matching you with nearly 16 Reston mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Reston mortgage payment was $1,613 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Reston home.

Reston is a major city in Virginia with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: B F Saul Mortgage Company, Heritage Mortgage Brokers, LLC , Preferred Home Mortgage Company, Countrywide Home Loans Inc, Gmac Mortgage.Nations Home Funding Inc.New Century Mortgage Corp.George Mason Mortgage llc.Platinum Capital Group.Access National Mortgage Corporation.

Reston Mortgage & Real Estate Market

In 2006 Reston housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Reston was $238,700. This number is big in comparison to the median home value back in 2000 of $238,700. Reston has a solid home ownership base with 24,210 houses and apartments and 64% of those are occupied by their owners. Despite the current market, historically Reston has been a city where people move, buy and stay - with 69% of homeowners currently paying off a mortgage. About 23% of the city's current homeowners are carrying a second mortgage or home equity loan.

Virginia Mortgage Bankers, LLC
4625 Fox Chase Run Gum Spring, VA	Phone: 804-267-9328 Ask for: Marks Ginger
Special Mortgage Programs
VMB knows what it takes to be successful. Since the start of our operation, our dedication to exceed your expectations and guarantee your satisfaction has made us what we are today. From start to finish in the loan process, we provide no less than exceptional service to our most prized possessions – our customers. Call Ginger Marks at 804.267.9328!
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Housing	Reston, VA	United States
Homes Owned	63.66%	64.07%
Median Home Cost	$629,500	$217,200
Home Appreciation	19.10%	9.80%
Homes Rented	32.70%	21.45%

Location	Population	Median Family Income (2005)
Alexandria	128,283	$56,054
Annandale	54,994	$72,561
Arlington	189,453	$63,001
Blacksburg	39,573	$22,513
Burke	57,737	$93,561
Centreville	48,661	$71,232

Category	Value
Home Equity Loan Only	11%
Homes With No Mortgage	8%
2nd Mortgage or Home Equity	23%
Second Mortgage Only	13%
First Mortgage Only	69%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
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