Current 30-Year Mortgage Rates in Virginia
Compare today's 30-year fixed mortgage rates across Virginia. Find the best VA lenders, understand Mid-Atlantic market trends, and explore rates in top Virginia cities.
As of April 2026, the average 30-year fixed mortgage rate in Virginia is approximately 6.30%, based on national survey data from Freddie Mac. Virginia rates typically track within 0.125–0.25% of the national average depending on local Mid-Atlantic market conditions. The median home price in Virginia is approximately $395,000, making the estimated monthly principal and interest payment around $1,400–$2,200 depending on down payment and exact rate.
Current Virginia Mortgage Rate Comparison
Compare average mortgage rates available to Virginia borrowers. Rates are based on national averages from Freddie Mac and may vary by lender, credit score, and loan amount.
| Loan Type | Rate | APR | Est. Payment |
|---|---|---|---|
| 30-Year Fixed | 6.30% | 6.82% | $1,925/mo |
| 15-Year Fixed | 5.90% | 6.12% | $2,585/mo |
| FHA 30-Year | 6.25% | 7.15% | $1,845/mo |
| VA 30-Year | 6.15% | 6.38% | $1,815/mo |
| Jumbo 30-Year | 6.85% | 7.02% | $2,125/mo |
Virginia Regional Mortgage Market Overview
Mortgage rates and home prices vary across Virginia's diverse regions. Understanding local market dynamics helps borrowers find the best rates.
Mid-Atlantic Metro Areas
Urban centers in Virginia typically see higher home values with competitive mortgage rates due to lender competition and strong employment markets.
Suburban VA Markets
Suburban areas around Virginia's major cities offer a balance of competitive rates and more affordable home prices compared to urban cores.
Rural Virginia
Rural Virginia communities may qualify for USDA Rural Development loans with zero down payment, offering significant savings for eligible buyers.
Virginia Growth Areas
Fast-growing areas in Virginia often feature new construction opportunities with builder-subsidized rate buydowns and incentive programs.
What Makes the Virginia Mortgage Market Unique
Understanding Virginia's local housing dynamics helps borrowers make smarter decisions about 30-year fixed mortgages in the Mid-Atlantic region.
Local VA Economy
The Virginia economy influences mortgage availability, with local employment trends affecting both rates and qualification standards for VA borrowers.
Virginia Market Trends
Virginia's housing market reflects broader Mid-Atlantic trends. Local inventory levels, days on market, and price appreciation all affect mortgage timing decisions.
VA Tax Benefits
Virginia's property tax structure and any state-specific mortgage interest deductions can significantly impact the total cost of homeownership for VA residents.
Key Factors Affecting Virginia Mortgage Rates
Several factors determine the mortgage rate you'll receive in Virginia. Understanding these helps you secure the best possible rate.
Credit Score Impact in VA
Your credit score is the single biggest factor in your Virginia mortgage rate. Borrowers with 740+ scores typically View Verified NMLS Profile 0.5-1% lower than those with 680 scores. Check your score before applying.
Down Payment & VA LTV
A larger down payment reduces your loan-to-value ratio in Virginia, potentially eliminating PMI and securing a lower rate. 20% down is ideal but FHA loans allow as low as 3.5%.
Virginia Lender Competition
Shopping multiple Virginia lenders can save 0.25-0.5% on your rate. Compare at least 3-4 VA-licensed lenders including banks, credit unions, and mortgage brokers.
Rate Lock Timing in VA
Lock your Virginia mortgage rate when you find a good one. Rate locks typically last 30-60 days. Longer locks may cost slightly more but protect against market volatility.
Homebuyer Programs Available in Virginia
Virginia offers several programs to help residents achieve homeownership with competitive rates and down payment assistance.
Virginia Housing Finance Authority — The state HFA offers below-market-rate mortgages and down payment assistance for qualifying VA first-time homebuyers.
FHA Loans in Virginia — Federal Housing Administration loans are popular in Virginia with just 3.5% down payment and flexible credit requirements for VA borrowers.
VA Loans for VA Veterans — Eligible Virginia veterans and active-duty service members can access VA loans with zero down payment and no PMI requirement.
Top Mortgage Lenders in Virginia
Compare featured mortgage lenders serving Virginia homebuyers. All placements are clearly labeled advertisements from verified lending partners.
Advertisement — Featured Mortgage Partners
[Platinum Lender — Virginia]
This premium placement is reserved for a top-rated Virginia mortgage lender. The Platinum Partner position provides maximum visibility to Virginia homebuyers actively searching for competitive 30-year fixed mortgage rates. This placement includes full entity-rich content optimized for AI search visibility, helping lenders appear in ChatGPT, Google SGE, and Perplexity results for Virginia mortgage queries.
Loan Products
- 30-Year Fixed Mortgage
- 15-Year Fixed Mortgage
- FHA Loans (VA)
- VA Loans (VA)
- Jumbo Loans
Service Areas
- Statewide Virginia
- All VA Counties
- Purchase & Refinance
- First-Time Buyers
- Investment Properties
Why Choose
- Licensed in VA
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[Gold Lender — Virginia]
This Gold Partner placement is available for a licensed Virginia mortgage lender seeking enhanced visibility. Gold placement includes prominent positioning on the Virginia state page with entity-optimized content for AI search engines. This helps Virginia lenders rank in AI-generated answers about VA mortgage rates and local lending options.
Loan Products
- 30-Year Fixed Mortgage
- 15-Year Fixed
- FHA & VA Loans
- Conventional Loans
Coverage
- Statewide Virginia
- All VA Counties
- Purchase & Refi
- First-Time Buyers
[Silver Lender — Virginia]
Silver Partner listing for a Virginia-licensed mortgage professional. Includes basic entity listing optimized for local VA mortgage search visibility in both traditional and AI search results.
Top Mortgage Lenders in
Compare featured mortgage lenders serving homebuyers. All placements are clearly labeled advertisements from verified lending partners.
Advertisement Disclosure: The lenders below are paid partners who purchased featured placements. Listing order reflects advertising tier, not lender quality or rate comparison. 30YearMortgageRates.com is not a lender.
Mortgage Rates in Virginia Cities
Explore mortgage rates and lender options in major Virginia cities.
Frequently Asked Questions About Virginia Mortgage Rates
The average 30-year fixed mortgage rate in Virginia is approximately 6.30% as of April 2026, based on Freddie Mac survey data. Your actual rate depends on credit score, down payment, loan amount, and lender. Shopping multiple VA lenders typically saves borrowers 0.25-0.5% on their rate.
Virginia mortgage rates generally track within 0.125-0.25% of the national average. The Mid-Atlantic market conditions, local lender competition, and Virginia's economic factors can cause slight variations from national benchmarks.
For the best mortgage rates in Virginia, aim for a credit score of 740 or higher. Borrowers with scores of 760+ receive the absolute best rates. FHA loans in Virginia accept scores as low as 580 with a 3.5% down payment.
Yes, Virginia offers several first-time homebuyer programs through the state Housing Finance Authority, including below-market rate mortgages and down payment assistance. Federal programs like FHA and USDA loans are also available to VA buyers.
A 30-year fixed mortgage offers lower monthly payments, ideal for Virginia buyers who want payment flexibility. A 15-year fixed saves significantly on total interest but requires higher monthly payments. Most VA borrowers choose 30-year for the payment stability.
Key Takeaways for Virginia Home Buyers
- The average 30-year fixed rate in Virginia is approximately 6.30% as of April 2026, competitive with the Mid-Atlantic average.
- Shopping at least 3-4 VA-licensed lenders can save you 0.25-0.5% on your mortgage rate.
- Virginia homebuyer programs through the state HFA offer down payment assistance and below-market rates for qualifying buyers.
- Your credit score, down payment, and loan type are the biggest factors in your Virginia mortgage rate — optimize these before applying.
Neighboring State Mortgage Markets
Compare mortgage rates and housing markets across state lines.
Frequently Asked Questions About Mortgage Rates in Virginia
What is the average 30-year mortgage rate in Virginia?
The average 30-year fixed mortgage rate in Virginia fluctuates based on national economic conditions, Federal Reserve policy, and local market factors. Rates vary by lender, credit score, and down payment amount. Check current national averages from Freddie Mac and compare offers from multiple Virginia lenders for the most accurate rate.
How do I find the best mortgage lender in Virginia?
To find the best mortgage lender in Virginia, compare rates from at least three to five lenders including local banks, credit unions, and national lenders. Review each lender's APR (not just the rate), closing costs, origination fees, and customer reviews. Consider getting pre-approved with multiple lenders to compare actual offers.
What credit score do I need to buy a home in Virginia?
Minimum credit score requirements in Virginia depend on the loan type: conventional loans typically require 620 or higher, FHA loans require 580 for 3.5% down payment (or 500 with 10% down), VA loans have no official minimum but most lenders require 620, and USDA loans typically require 640. Higher credit scores generally qualify for better interest rates.
What are closing costs in Virginia?
Closing costs in Virginia typically range from 2% to 5% of the home purchase price. These include lender fees, appraisal costs, title insurance, attorney fees, recording fees, and prepaid items like property taxes and homeowner insurance. Some costs vary by county within Virginia. Ask your lender for a detailed Loan Estimate to understand all fees.
Are there first-time homebuyer programs in Virginia?
Virginia offers various first-time homebuyer assistance programs that may include down payment assistance, reduced interest rates, and tax credits. Federal programs like FHA, VA, and USDA loans are also available. Contact the Virginia Housing Finance Authority or Agency for state-specific programs and eligibility requirements.