Current Virginia Mortgage Rates

Compare Virginia 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.

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. Plus, shopping lenders is free and there is no obligation.

Virginia Mortgage Rates as of September 25, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Virginia Mortgage Rates

September 25, 2022

Current mortgage rates in Virginia are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Virginia Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Virginia?

Below we offer valuable insights on the housing market and real estate prices in Virginia. Understand how much you need to make to buy a house in Virginia, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Virginia is affordable for you. We provide this helpful information to help you decide if living in Virginia is right for you.

The median home value for Virginia is $373,925

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Virginia is $61,266

With this income, you could qualify for a $336,533 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 is $1,419

The median household income for Virginia is $89,690

Based on this income, you can afford a home valued at approximately $547,407

The home price you can afford to buy based on household income in Virginia is 146% of the median home value which means housing prices are average. Virginia ranks 29 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Virginia is average


Additional Mortgage Resources for Virginia Residents

Mortgage Rates for Virginia Cities

Albemarle Mortgage Rates

Alexandria Mortgage Rates

Arlington Mortgage Rates

Blacksburg Mortgage Rates

Chesapeake Mortgage Rates

Chester Mortgage Rates

Fairfax Mortgage Rates

Hampton Mortgage Rates

Hanover Mortgage Rates

Leesburg Mortgage Rates

Newport News Mortgage Rates

Norfolk Mortgage Rates

Portsmouth Mortgage Rates

Prince William Mortgage Rates

Richmond city Mortgage Rates

Roanoke city Mortgage Rates

Spotsylvania Mortgage Rates

Stafford Mortgage Rates

Tuckahoe Mortgage Rates

Virginia Beach Mortgage Rates