Virginia mortgage data baseline
Rates combine Freddie Mac PMMS trends with lender submissions focused on Virginia, so underwriting context stays accurate.
Benchmarks refresh in the week following each PMMS and MBA release.
State market spotlight
Virginia mortgage outlook
Live rates, housing stats and lender programs covering metros such as Northern Virginia, Richmond, and Virginia Beach.
Last updated: 2025-11-17
Median home price
$463,333
Conforming loan limit
—
High-cost / jumbo threshold
—
Compliance & privacy checklist
We surface anonymised lender ranges. Formal lock decisions still require disclosures from licensed loan officers.
Model your scenario
Calculate Virginia payments with current rates
Blend local taxes, insurance and PMI expectations into a custom plan.
Data source
State-Level Mortgage Rate Estimates
Provider: Blend of Freddie Mac PMMS, Zillow Market Stats, and local MLS data · Updated: 2025-11-17 · Refresh cadence: Weekly sync with PMMS release
Coverage: 12 largest U.S. housing markets by population · Notes: Synced with PMMS release Nov 14
View methodologyPrimary datasets powering this state dashboard.
Mortgage data inputs
Freddie Mac PMMS
Weekly 30Y/15Y fixed averages anchor the headline rates we display.
View sourceMBA Weekly Applications Survey
Provides spreads, points, and lock activity filtered for lenders active in the region.
View sourceFederal Reserve H.15 / Treasury yields
Used to monitor MBS spreads and lock-strategy alerts relevant to Virginia.
View sourceCadence: PMMS weekly, MBA weekly, H.15 daily.
Use local data with this four-step checklist.
Virginia rate-planning workflow
1. Capture today’s baseline
Log statewide averages plus local taxes or insurance so payment estimates stay accurate.
2. Test lock/point scenarios
Model shorter lock periods, point buy-downs, and DPA stacking to see payment swings.
3. Compare active lenders
Stack credit unions, regionals, and digital lenders serving Virginia to capture the spread.
4. Sync with your automation
Send the selected quote to mortgage/ROI/savings tools to schedule hedges, price changes, and reminders.
Case studies that connect local rates with planning tools.
How borrowers in Virginia use this page
Pre-approval shopper
Balancing PMI thresholds and inventory crunch.
- •Timeline: Builder closing in Virginia within 60 days while competition stays strong.
- •Plan: Use this dashboard to monitor spreads, then push the rate to the mortgage calculator for tax/insurance assumptions.
- •Result: Locked a 45-day commitment with lender credits and documented PMI removal at 80% LTV.
Refinance opportunist
Watching local credit unions vs. national banks.
- •Timeline: Needs sub-6.25% to break even on closing costs within two years.
- •Plan: Track averages here, then send the short list to the ROI calculator to decide how to deploy savings.
- •Result: Floated for two weeks, locked below target, and set AI reminders for future dips.
{stateName} rate tracker
Conventional, government-backed and specialty programs updated daily.
| Loan type | Avg. rate | APR range | Points | Min. down | Min. credit | Trend |
|---|---|---|---|---|---|---|
| 30-year fixed conventional | 7.12% | 7.20-7.40% | 0-1.5 | 3-5% | 620 | Stable conditions |
| 15-year fixed conventional | 6.37% | 6.42-6.62% | 0-1.0 | 10-20% | 640 | Trending down |
| 30-year FHA | 6.87% | 7.08-7.28% | 0-1.0 | 3.5% | 580 | Stable conditions |
| 30-year VA | 6.62% | 6.68-6.88% | 0-1.0 | 0% | 580 | Trending down |
| 30-year USDA | 6.76% | 6.84-7.04% | 0-0.5 | 0% | 640 | Stable conditions |
| 5/1 ARM | 6.21% | 7.28-8.08% | 0-1.0 | 5-10% | 660 | Trending up |
{stateName} metro snapshots
Median prices, inventory and demand drivers across leading cities.
Northern Virginia
Popular areas: Arlington, Reston, and Ashburn
Low inventorySteady prices
Government payrollsTech hiringMilitary presence
Richmond
Popular areas: Scott’s Addition, Short Pump, and Manchester
Balanced supplyGrowing demand
Government payrollsLogistics hubCreative industries
Virginia Beach
Popular areas: Great Neck, Red Mill, and Chesapeake
Balanced supplySteady prices
Military presenceTourism economyPort activity
Local lender lineup
Credit unions, regional banks and digital shops serving {stateName}.
Statewide lender
Atlantic Bay Mortgage
Sample APR
6.90%
Min. down payment
VA expertsFirst-time buyers
Local underwritingFast digital process
Regional bank
TowneBank Mortgage
Sample APR
6.92%
Min. down payment
Jumbo financingNew construction
Large branch networkRelationship pricing
Credit union
Virginia Credit Union
Sample APR
6.78%
Min. down payment
First-time buyersAffordable housing
Member benefitsLocal underwriting
Assistance & incentive programs
Down payment assistance, tax credits and forgivable loans available statewide.
Down payment assistance
VHDA Down Payment Assistance
Benefits
- • 3%–10% down payment funds
- • Deferred second mortgage
Eligibility
- • First-time buyers only
- • Income limits apply
- • Homebuyer education required
Military benefit
Virginia Heroes
Benefits
- • Closing cost grants
- • Monthly payment relief
Eligibility
- • Veterans and service members
- • Frontline workers eligible
- • Must be owner-occupied
Market watchouts
- •Cash and relocation buyers remain active; strengthen your offer terms.
- •Rates remain volatile week to week; lock quickly after approval.
Borrower tips
- •Lock rates once inspection clears to avoid surprise jumps.
- •Layer state assistance with lender credits to cut upfront cash.
Keep local rates, ROI, and savings plans aligned
Turn Virginia insights into automated next steps
Export the selected quote to ROI or mortgage calculators to plan hedges, price increases, or cash reserves.
Illustrative rates only—verify with a licensed lender.
Important mortgage rate disclaimer
Displayed ranges blend PMMS, MBA submissions, and lender partners focused on Virginia. Your final APR depends on credit, LTV, lock period, and points.
Markets move quickly. Float/lock strategies should include cushions for 0.125%-0.25% swings plus extension fees.
FutureValueCalc is not a lender. Always pair these benchmarks with Loan Estimate disclosures and local compliance guidance.