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For most people, finding the right home in Roanoke, Virginia is just the first step. Finding the right financing to buy a home is essential to make the home purchase occur! A home buyer has a choice of local mortgage lenders and national lenders advertising on the Web. Many home buyers find that using local Roanoke, Virginia lenders (with rates very comparable to online mortgage brokers) help ease some of the stress of moving. Home buyers have more personal service, and the mortgage companies have a better relationship with appraisers and other real estate professionals. Ask about adjustable rate loans if you are guaranteed to be relocated out of Roanoke within the next 5 years. I had a friend who found a 40 year adjustable with 5 year fixed rate. He knew that he had guaranteed relocation buy-out at the end of his assignment so he wasn’t worried about building equity. He ended up paying less than half in a mortgage payment than he would have paid in rent! Short on cash? There are many mortgage lenders in Roanoke that now offer 100% financing – no down payment certainly helps keep moving expenses down!
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Roanoke (The Star City of the South) is an independent city located in the Commonwealth of Virginia. The City of Roanoke is adjacent to, but politically separate from, Roanoke County. The name Roanoke is said to have originated from a Algonquin word for shell "money".[1] The town of Big Lick was chartered in 1874. It became the town of Roanoke in 1882 and the independent city of Roanoke two years later. Its location in the scenic Blue Ridge Mountains, in the middle of the Roanoke Valley between Maryland and Tennessee, made it the transportation hub of western Virginia and contributed to its rapid growth. As of the 2000 census, the city had a total population of 94,911. -- Source: Wikipedia.com
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Census Data for Roanoke, Virginia
| Roanoke | Virginia | United States | |
| Population | 94,911 | 7,078,515 | 281,421,906 |
| Median age | 37.6 | 35.7 | 35.3 |
| Median age for Male | 35.9 | 34.5 | 34 |
| Median age for Female | 39.4 | 36.8 | 36.5 |
| Households | 42,003 | 2,699,173 | 105,480,101 |
| Household population | 92,373 | 6,847,117 | 273,643,273 |
| Average household size | 2.2 | 2.54 | 2.59 |
| Families | 24,255 | 1,847,796 | 71,787,347 |
| Average family size | 2.86 | 3.04 | 3.14 |
| Housing units | 45,257 | 2,904,192 | 115,904,641 |
| Occupied units | 42,003 | 2,699,173 | 105,480,101 |
| Vacant units | 3,254 | 205,019 | 10,424,540 |
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