See the latest Virginia mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in Virginia could be easier with today’s mortgage rates.
Current Mortgage Rates in Virginia –
The table below shows today’s home purchase mortgage rates for Virginia, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.33% | 6.38% | 6.43% | |
| Virginia | 6.24% | 6.29% | 6.34% | |
| Credit Unions | 5.84% | 5.89% | 6.04% | 9.1/10 |
| Online lenders | 5.94% | 5.99% | 6.14% | 8.4/10 |
| Banks | 6.24% | 6.29% | 6.34% | 7.7/10 |
| 30 year fixed | 6.24% | 6.29% | 6.34% | |
| 30 year fixed FHA | 6.10% | 6.15% | 6.20% | |
| 30 year fixed VA | 6.11% | 6.16% | 6.21% | |
| 30 year fixed Jumbo | 6.47% | 6.85% | 7.04% | |
| 20 year fixed | 6.52% | 6.57% | 6.62% | |
| 15 year fixed | 5.78% | 5.83% | 5.88% | |
| 10 year fixed | 5.76% | 5.81% | 5.86% | |
| 3 year ARM | 3.11% | 3.16% | 3.21% | |
| 5 year ARM | 6.46% | 6.51% | 6.56% | |
| 7 year ARM | 6.29% | 6.34% | 6.39% | |
| 10 year ARM | 6.26% | 6.31% | 6.36% | |
| Satisfaction | 9.0/10 | 8.3/10 | 8.2/10 |
Source: MFP’s Community Home Purchase Rates Survey from Virginia members in the last 30 days.
How Virginia Compares to National Averages
- Virginia mortgage rates (6.24% for best credit scores) are slightly below national averages (national average: 6.33%).
- Credit unions are more competitive: In Virginia, credit unions offer 5.84%, banks 6.24%, online lenders 5.94%.
Mortgage Options in Virginia
- 30 year fixed: 6.24% - most popular long-term option for predictable payments
- 20 year fixed: 6.52% - balance between payment size and interest savings
- 15 year fixed: 5.78% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.76% - shortest fixed-term option with competitive rates
- 10 year variable: 3.11% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.46% - A mid-term variable option...
- 5 year variable: 6.29% - Shorter-term variable mortgage...
- 3 year variable: 6.26% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Virginia Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Virginia Beach | 6.26% | 5.72% |
| Richmond | 6.24% | 5.70% |
| Arlington | 6.27% | 5.73% |
| Norfolk | 6.23% | 5.69% |
| Alexandria | 6.26% | 5.72% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Virginia Homeowners
Virginia homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Virginia
FAQs Virginia Mortgage Rates
Are home purchase rates higher in Virginia than the U.S. average?
No, Virginia rates are typically below the national average, providing favorable conditions for home buyers in the state.
What credit score is best for buying a home in Virginia?
A credit score of 720 or higher will generally secure the most competitive mortgage rates available from Virginia lenders.
Is it better to choose a fixed-rate or ARM in Virginia?
Fixed-rate mortgages offer payment stability for long-term residents, while ARMs may benefit those planning to move or refinance within a few years.
More Virginia Home Information:
Virginia Best Mortgage Lenders
Virginia Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Virginia Homeowners.