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For most people, finding the right home in Newport News, 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 Newport News, 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 Newport News 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 Newport News that now offer 100% financing – no down payment certainly helps keep moving expenses down!
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Newport News is an independent city in Virginia. It is on the southeastern end of the Virginia Peninsula, on the north shore of the James River extending to its mouth at Hampton Roads. The name of Newport News has long been a puzzle to those curious about the origin of place names. First settled in the early 17th century, it was an unincorporated town without formal boundaries in Warwick County for over 250 years, until 1896. In 1900, 19,635 people lived in Newport News, Virginia; in 1910, 20,205; in 1920, 35,596; and in 1940, 37,067. However, the city consolidated with the former Warwick County by mututal consent in 1958, becoming Virginia's third largest in city population. As of the 2000 census, the city population was 180,150. A more recent 2005 estimate indicates the city's population has grown to 195,347. In modern times, it is one of Virginia's larger cities. -- Source: Wikipedia.com
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Census Data for Newport News, Virginia
| Newport News | Virginia | United States | |
| Population | 180,150 | 7,078,515 | 281,421,906 |
| Median age | 32 | 35.7 | 35.3 |
| Median age for Male | 30.4 | 34.5 | 34 |
| Median age for Female | 33.5 | 36.8 | 36.5 |
| Households | 69,686 | 2,699,173 | 105,480,101 |
| Household population | 174,317 | 6,847,117 | 273,643,273 |
| Average household size | 2.5 | 2.54 | 2.59 |
| Families | 46,358 | 1,847,796 | 71,787,347 |
| Average family size | 3.04 | 3.04 | 3.14 |
| Housing units | 74,117 | 2,904,192 | 115,904,641 |
| Occupied units | 69,686 | 2,699,173 | 105,480,101 |
| Vacant units | 4,431 | 205,019 | 10,424,540 |
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