Compare Virginia Beach, VA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Virginia Beach.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Virginia Beach. Plus, shopping lenders is free and there is no obligation.
September 11, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Virginia Beach. Understand how much you need to earn to afford a home in Virginia Beach, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Virginia Beach fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Virginia Beach is right for you.
The median home value for Virginia Beach, VA is $366,278
Based on current mortgage rates and a 10% down payment, you need to make $76,411 per year to buy the median priced home in Virginia Beach
With this income, you could qualify for a $329,650 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Virginia Beach is $1,770
The median household income for Virginia Beach, VA is $82,826
Based on this income, you can afford a home valued at approximately $397,025
The home price you can afford to buy based on household income in Virginia Beach is 108% of the median home value which means housing prices are average. Virginia Beach ranks 110 out of 133 counties in Virginia and 2,706 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Virginia Beach, VA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Virginia Beach below.
Conforming loan limits for Virginia Beach, VA
FHA loan limits for Virginia Beach, VA