Virginia · Hampton Roads · Northern Virginia · NMLS #2656628

Virginia Mortgage Lender, Someone Who Knows This Market From the Inside.

Ken Powell started his adult life at Naval Station Norfolk aboard the USS Austin LPD-4. He knows Hampton Roads not as a market statistic but as a place where he lived, served, and began his real estate career. Whether you are looking to buy and hold near Langley, use your BAH to purchase a home in Norfolk or Virginia Beach, or find your first home near Hampton University, he has been in your shoes.

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Retired U.S. Navy, Norfolk & Dam Neck Hampton Roads investor experience Virginia Housing DPA available VA · DSCR · Jumbo · Bank Statement

Ken Powell

Mortgage Advisor · Fairway Home Mortgage

NMLS #2656628 · Licensed in VA

Hampton Roads

From Kings Grant to Ghent. Norfolk, Virginia Beach, Hampton, and Chesapeake.

Ken Powell began his real estate career in Hampton Roads after retiring from the Navy at Dam Neck Naval Station. He helped veterans buy homes and investors build portfolios throughout Tidewater. His brother is an active real estate agent and investor in Northern Virginia. This is not a market he learned about from a brochure.

For Veterans and Active Duty

Whether you are using your BAH wisely to own instead of rent, PCS'ing to NAS Oceana, Dam Neck, or Norfolk Naval Station, or looking to build long-term wealth through a multifamily purchase, Ken is available to have a conversation about your situation, understand your goals, and help you find the right loan.

From a single-family home in Kings Grant to a multifamily property in Ghent, a VA loan with $0 down and no PMI is one of the most powerful tools available to you. The strategy of buying a 2 to 4 unit property, living in one unit, and renting the rest at BAH rates is worth a serious conversation.

For Investors Near Hampton Roads Bases

If you are looking to buy and hold near Langley or Hampton University in Hampton, near Norfolk Naval Station, or in the Virginia Beach and Chesapeake corridor, the military rental market in Hampton Roads mirrors what exists in Southern Maryland. A rotating, BAH-paid tenant pool. Quality renters. Near-consistent demand.

DSCR loans qualify on the property's rental income. No W-2 or tax returns needed. LLC ownership accepted. Ken will run the numbers on any Hampton Roads deal before you make an offer.

Virginia Housing Down Payment Assistance

The Virginia Housing Down Payment Assistance program is a strong option for first-time buyers across the state. It provides down payment and closing cost assistance paired with a competitive Virginia Housing rate.

✓Available to first-time home buyers statewide in Virginia
✓Down payment and closing cost assistance
✓Income and purchase price limits apply by area
✓Paired with Virginia Housing's fixed-rate programs

Virginia Housing Program Details → virginiahousing.com

NHF for Veterans Who Need to Relocate

The National Homebuyers Fund (NHF) program is particularly useful for veterans who are relocating for a new assignment but do not want to sell their current home. The NHF provides up to 5% of the purchase price in down payment assistance, available to both first-time and repeat buyers.

This matters because a veteran using their VA entitlement to purchase at a new duty station while keeping their prior home as a rental may not have liquid funds for a conventional down payment. NHF provides a bridge that makes the move financially manageable without forcing a sale.

Northern Virginia

Alexandria, Arlington, Woodbridge, Chantilly, and the Military Corridor.

Alexandria & Arlington

The close-in DC suburbs, from Old Town Alexandria rowhouses to Arlington condos and single-family homes near the Pentagon and Amazon HQ2. Prices here often push past conforming limits, so Ken offers standard jumbo, VA jumbo, and bank statement jumbo options, and helps condo buyers verify project approval early.

Woodbridge & the Quantico Corridor

Woodbridge, Dumfries, and the Stafford and Prince William County communities around Marine Corps Base Quantico are a high-demand corridor for buyers and investors alike. VA loans with $0 down, DSCR rental strategies serving the military tenant pool, and conventional options all work here.

Chantilly & Fairfax County

Chantilly, Centreville, and the broader Fairfax County tech and government contractor corridor near Dulles. Strong schools and strong demand. Bank statement and 1099 programs help the contractor and consultant workforce here qualify on real cash flow rather than tax returns.

Fredericksburg

Fredericksburg sits at the midpoint between Washington DC and Richmond. Growing buyer demand, military and government worker concentration, and a strong rental market make it a solid area for both primary buyers and investors.

Stafford County

One of the fastest-growing counties in Virginia, popular with Quantico families and DC commuters seeking more home for the money. VA and conventional dominate, and Ken has a dedicated Stafford County page with local detail.

First-Time Buyers Across NoVA

The Virginia Housing DPA program is a great option for first-time home buyers across Northern Virginia, and Fairway's NHF assistance can help with down payment and closing costs. Ken identifies every program you qualify for during pre-approval.

Programs Available in Virginia

Every Loan Type for Virginia Home Buyers and Investors.

VA Home Loans

$0 down, no PMI for eligible veterans and active-duty service members across Virginia. VA loans for 1 to 4 unit multifamily eligible. VA jumbo above $806,500 with no down payment for full entitlement veterans.

DSCR Investor Loans

Qualify on the property's rental income. No personal income documentation. LLC ownership accepted. Ideal for Hampton Roads buy-and-hold investors near military installations.

Bank Statement and 1099

For DoD contractors, self-employed professionals, and 1099 earners throughout Northern Virginia and Hampton Roads. Qualify on deposits rather than tax returns.

Jumbo Loans

High-value properties in Northern Virginia, Fairfax County, Arlington, and McLean frequently exceed conforming limits. Standard, bank statement, and VA jumbo available.

Virginia Housing DPA

State-sponsored down payment assistance for first-time buyers in Virginia. Income and purchase price limits apply by area. Ken will confirm your eligibility during your consultation.

Conventional and FHA

Standard purchase and refinance options statewide. Paired with the Fairway Advantage Pre-Approval for the strongest possible offers in competitive Virginia markets.