Helping homebuyers, real estate investors, and working families make confident mortgage decisions through education-first lending.
Based in Virginia | Licensed in VA, MD, DC, TN, WV, PA, CA, TX, NC, SC & FL
Let’s Build Your Future
One Home at a Time
Heather Frye is a mortgage lender and real estate expert with over 25 years of experience helping first-time buyers, real estate investors, and clients with complex income navigate the home financing process with clarity and confidence. Based in Virginia and licensed in 11 states, Heather focuses on long-term lending strategy—not one-size-fits-all loans or transactional approvals.
Why work with us?
Choosing the right mortgage lender is about more than getting approved—it’s about having an experienced advisor who can help you make informed financial decisions before, during, and long after closing.
Heather Frye has been helping homebuyers, homeowners, and real estate investors navigate mortgage financing since 1998. Licensed in 11 states and serving Virginia, Maryland, Washington DC, Tennessee, West Virginia, Pennsylvania, California, Texas, North Carolina, South Carolina, and Florida, Heather combines decades of lending expertise with a personalized, education-first approach.
Whether you’re buying your first home, purchasing an investment property, relocating to the Fredericksburg area, or navigating complex self-employed income, Heather and her team are committed to helping you understand your options and choose the financing strategy that best supports your goals.
Areas of Expertise
- First-Time Homebuyers
- VA Loans and Military Relocation
- Real Estate Investor Financing
- DSCR Loans
- Self-Employed Borrowers
- Complex Income Analysis
- Conventional, FHA, USDA, and Jumbo Loans
- Mortgage Planning and Wealth-Building Strategies
Why Clients Choose Heather
- Mortgage lender since 1998
- Licensed in 11 states
- Education-first approach
- Responsive communication and proactive updates
- Extensive experience with complex loan scenarios
- Local expertise in Fredericksburg, Stafford, Spotsylvania, and surrounding Virginia markets
Our goal is simple: provide expert guidance, clear communication, and mortgage solutions that help you build long-term financial success.
Are you trying to figure out if renting or buying a home is better for you? Try using our Rent vs Buy Calculator to see what makes sense for you…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Buying is cheaper than renting after
If you buy a house, after 3 years it will cost you $58 more per month and $5000 more in total than if you had rented.
But you will own in equity of your home with an appreciated value of .
If you buy a house, after 3 years you will have saved $58 per month and $5000 in total than if you had rented.
You will also own in equity of your home with an appreciated value of .
Buying will never be cheaper than renting
Home equity after
1 year
years
TOTAL COST
YEARS
Costs over
Monthly Cost (after )
Yearly Cost (after )
Total Cost (after )
Rent
Buy
Difference
$0
$0
$0
Rent
Buy
Difference
$3,019
$92,453
$89,434
Rent
Buy
Difference
$3,019
$92,453
$89,434
Estimated Costs
These costs are estimated based on the information under the advanced section. You may adjust these values to suit your particular situation in order to get a more accurate estimate.
Monthly mortgage payments
$
Homeowner's insurance
$
Private Mortgage Insurance
$
HOA dues
$
Property tax
$
Home repairs
$
Renovations
$
Closing costs
$
Yearly rent increase
%
Rental insurance
$
How We Calculate the Costs
Calculating the Cost of Renting
The cost of renting is relatively straightforward to calculate. It primarily includes your monthly rent payments and a few additional expenses:
- Monthly rent payments
- Security deposit (typically equal to one month's rent)
- Renters insurance (annual premium)
- Down payment
- Closing costs (typically 2-5% of the home's value)
- Monthly mortgage payments (principal and interest)
- Property taxes
- Homeowners insurance
- Private Mortgage Insurance (PMI) if applicable
- HOA fees (if applicable)
- Maintenance and repairs
- Home improvements and renovations
- Annual home appreciation rate: %
- Annual rent increase: %
- Renters insurance: $ per year
- Home maintenance and repairs: % of home value per year
- Home improvements and renovations: % of home value per year
- Selling costs when you sell the home: % of home value
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
Get started by using one of our FREE tools!
Frequently Asked Questions
What makes Heather Frye different from other mortgage lenders?
Heather Frye combines decades of lending experience with real-world real estate investing knowledge, helping clients choose mortgage strategies that support long-term financial goals—not just closing day.
Do you work with real estate investors and self-employed buyers?
Yes. Heather specializes in investor financing and complex income scenarios, including self-employed and multi-property borrowers.
Where are you licensed?
Virginia, Maryland, Washington DC, Tennessee, West Virginia, Pennsylvania, California, Texas, North Carolina, South Carolina, and Florida.
How long have you been a mortgage lender?
Heather Frye has been in the mortgage industry since 1998 and brings over 25 years of experience helping buyers and investors navigate changing markets with confidence and clarity.
Do you work with first-time homebuyers?
Yes. Heather regularly works with first-time buyers and focuses on education-first guidance so clients understand the process, options, and long-term impact of their mortgage decisions.
