City of Richmond
Mortgages in Richmond City
Fan rowhouses, Church Hill Italianates and Manchester conversions, with the oldest housing stock in the region.
What makes a file here different
Richmond city files are appraisal files. The stock is old, the block-to-block variation is enormous, and a comparable sale two streets away can be a different market entirely. I brief every appraiser with the contract, the recent sales and anything the listing did not show.
Pre-1978 construction means lead-based paint rules apply on FHA and VA files. Peeling exterior paint on a Church Hill porch is the single most common repair call-back in the city, and it is cheaper to address before the appraisal than after.
Manchester and Scott's Addition carry condominium projects that need warrantability review. Owner-occupancy ratio, single-entity ownership and commercial square footage all decide whether a conventional loan is even possible, and that review has to happen before the appraisal, not after.
Richmond CityThree things to check early
- Recordation tax
- Virginia state and local recordation tax applies at settlement on the new deed of trust.
- Lead paint
- Pre-1978 homes trigger FHA and VA paint condition requirements.
- Condo review
- Warrantability checked before the appraisal is ordered, not after.
Neighbourhoods and communities
- The Fan
- Church Hill
- Museum District
- Manchester
- Scott's Addition
- Northside
Buying or refinancing in Richmond City
Send the address and I will tell you the county quirks, the likely appraisal issues and which two programmes are realistic.
Three wholesale quotes on the same day's pricing, before you choose.