Our Loan Programs


Heltzel Mortgage offers a large variety of programs to choose from, competitive rates and fees, excellent customer service and automated underwriting and in house closing to assure that your loan closes on time.


Fixed-Rate Mortgages

Heltzel Mortgage offers the full range of traditional fixed rate mortgage loans such as FHA, VA, VHDA, USDA and conventional loan programs – including jumbo loans.  We offer 15, 20 and 30 year term loans, which gives you the ability to tailor the fixed rate payment to suit your needs.  We offer the FHA 203k Streamline program for buyers looking to purchase a home that needs renovation or repairs.


Adjustable Rate Mortgages (ARM)

Adjustable rate mortgages offer a lower initial payment than a fixed rate mortgage.  Your rate is fixed for a specific period of time (three years, 5 years or 7 years) and will then adjust based upon the changing market after the fixed period ends.  The loans have caps on them, so that you know what your maximum rate can be in the future, as well as how much the rate can change per year once the adjustment period starts.  The ARM loan is good option for the buyer that will not stay in the property for a long time, or someone who needs the lower payment now.


First Time Buyer Programs

Heltzel Mortgage is one of the oldest VHDA (Virginia Housing Development Authority) lenders in Virginia. The VHDA program offers loans with up to 100% financing, the ability to combine their loan program with FHA or VA guarantee, and even a 3% down program with no PMI.  All VHDA loan programs have income and sales price limits that vary throughout the state so be sure to check with us if you’re interested in a VHDA loan.  We also offer the USDA or Rural Housing program, that provides for up to 100% financing for qualified borrowers. USDA also has income limits that vary throughout the state, and not all properties meet the USDA property eligibility requirements, so be sure to call us for information on the program.


Reverse Mortgages

For home buyers age 62 and older who wish to access the equity in their home, we offer the reverse mortgage.  We have a Reverse Mortgage Specialist who will work with you to help you with your reverse mortgage needs


Construction Loans

We offer a standard construction-permanent loan program with as little as 10% down.  The program is used to purchase land and build a home, or buy and renovate a home.