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For most people, finding the right home in Abingdon, 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 Abingdon, 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 Abingdon 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 Abingdon that now offer 100% financing – no down payment certainly helps keep moving expenses down!
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The land that the city of Abingdon is situated on was originally surveyed between the years 1748 and 1750 by Dr. Thomas Walker and was part of the Great Road that Colonel William Byrd III ordered cut through the wilderness on to Kingsport, Tennessee.[1] In 1760, famed frontiersman, Daniel Boone, named the area Wolf Hills, after his dogs were attacked by a pack of wolves during a hunting expedition. The original location of the attack is located on 'Courthouse Hill' and is also the location of The Cavehouse Craft Shop. During Lord Dunmore's War, Black's Fort was established in 1774 by Joseph Black to protect local settlers in the region from Indian attacks.[1] -- Source: Wikipedia.com
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Census Data for Abingdon, Virginia
| Abingdon | Virginia | United States | |
| Population | 7,780 | 7,078,515 | 281,421,906 |
| Median age | 42.4 | 35.7 | 35.3 |
| Median age for Male | 39.3 | 34.5 | 34 |
| Median age for Female | 45.5 | 36.8 | 36.5 |
| Households | 3,522 | 2,699,173 | 105,480,101 |
| Household population | 7,333 | 6,847,117 | 273,643,273 |
| Average household size | 2.08 | 2.54 | 2.59 |
| Families | 2,091 | 1,847,796 | 71,787,347 |
| Average family size | 2.72 | 3.04 | 3.14 |
| Housing units | 3,788 | 2,904,192 | 115,904,641 |
| Occupied units | 3,522 | 2,699,173 | 105,480,101 |
| Vacant units | 266 | 205,019 | 10,424,540 |
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