See current Virginia Refinance fixed rates (30 Year, 20, 15, 10, FHA, VA and Jumbo), variable rates (10 year, 7, 5, 3), Cash Out rates, plus comparisons with national averages and lender types. Refinancing in Virginia can help lower your monthly payment, shorten your loan term, or tap into equity with a cash-out refinance.
Virginia Refinance Rates –
Find community reported rates by Virginia homeowners (rates shown are average APRs).
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.65% | 7.70% | 7.75% | |
| Virginia | 7.54% | 7.60% | 7.65% | |
| Credit Unions | 7.14% | 7.20% | 7.35% | 9.2/10 |
| Online lenders | 7.25% | 7.30% | 7.45% | 7.9/10 |
| Banks | 7.54% | 7.60% | 7.65% | 7.9/10 |
| 30 year fixed | 7.54% | 7.60% | 7.65% | |
| 30 year fixed FHA | 6.27% | 6.32% | 6.37% | |
| 30 year fixed VA | 6.93% | 6.98% | 7.03% | |
| 30 year fixed Jumbo | 7.66% | 7.90% | 8.09% | |
| 20 year fixed | 7.56% | 7.61% | 7.66% | |
| 15 year fixed | 6.83% | 6.88% | 6.93% | |
| 10 year fixed | 7.07% | 7.12% | 7.17% | |
| 3 year ARM | 3.19% | 3.24% | 3.29% | |
| 5 year ARM | 6.95% | 7.00% | 7.05% | |
| 7 year ARM | 6.74% | 6.79% | 6.84% | |
| 10 year ARM | 7.44% | 7.49% | 7.54% | |
| Satisfaction | 9.1/10 | 8.4/10 | 7.7/10 |
Source: MFP’s Community Home Refinance Rates Survey of Virginia homeowner members in the last 30 days.
Cash Out Refinance Rates in Virginia –
Find community reported cash-out refinance rates by Virginia homeowners (rates are average APR).
| Credit Score | |||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Nationally | 7.77% | 7.90% | 8.02% |
| Virginia | 7.67% | 7.80% | 7.92% |
| Credit Unions | 7.27% | 7.40% | 7.62% |
| Online lenders | 7.37% | 7.50% | 7.72% |
| Banks | 7.67% | 7.80% | 7.92% |
| 30 year fixed | 7.67% | 7.80% | 7.92% |
| 30 year fixed FHA | 6.39% | 6.52% | 6.64% |
| 30 year fixed VA | 7.05% | 7.18% | 7.31% |
| 30 year fixed Jumbo | 7.78% | 7.91% | 8.03% |
| 20 year fixed | 7.69% | 7.81% | 7.94% |
| 15 year fixed | 6.95% | 7.08% | 7.20% |
| 10 year fixed | 7.20% | 7.32% | 7.45% |
| 3 year ARM | 3.31% | 3.44% | 3.56% |
| 5 year ARM | 7.08% | 7.20% | 7.33% |
| 7 year ARM | 6.87% | 6.99% | 7.12% |
| 10 year ARM | 7.57% | 7.69% | 7.82% |
Source: MFP’s Community Home Refinance Rates Survey of Virginia members in the last 30 days.
How Virginia Compares to National Averages
- Virginia refinance rates (7.54% for best credit scores) are slightly below national averages (national average: 7.65%).
- Credit unions are more competitive: In Virginia, credit unions offer 7.39%, banks 7.64%, online lenders 7.50%.
- Borrower satisfaction: Credit unions 8.7/10, Online lenders 8.4/10, Banks 8.1/10.
Refinance Options in Virginia
- 30-year Fixed: At 7.54% APR for excellent credit, Virginia's most popular choice for stable long-term payments with predictable monthly costs
- 30-year Fixed FHA: At 6.27% APR for excellent credit, government-backed programs with competitive terms and flexible qualification requirements
- 30-year Fixed VA: At 6.93% APR for excellent credit, exclusive to eligible veterans and military members, featuring Virginia's most competitive rates
- 30-year Fixed Jumbo: At 7.66% APR for excellent credit, for high-value homes with competitive jumbo mortgage terms
- 20-year Fixed: At 7.56% APR for excellent credit, a balanced option between shorter and longer terms with moderate payments
- 15-year Fixed: At 6.83% APR for excellent credit, lower interest rates but higher monthly payments, ideal for building equity faster
- 10-year Fixed: At 7.07% APR for excellent credit, the shortest fixed-term option with competitive rates for rapid equity building
- Adjustable-rate mortgages (ARMs): Various terms including 3-year (3.19% APR), 5-year (6.95% APR), 7-year (6.74% APR), and 10-year (7.44% APR) options that start lower but may adjust upward after initial fixed period
Metro Area Rates
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Richmond | 6.48% | 5.84% |
| Virginia Beach | 6.48% | 5.84% |
| Norfolk | 6.47% | 5.83% |
| Arlington | 6.89% | 5.82% |
| Newport News | 6.89% | 5.82% |
* APR Rates shown are for borrowers with the best credit scores. Click the city name to see community recommended lenders and ratings.
Compare Lenders Rated by Virginia Homeowners
Borrowers in Virginia report the highest satisfaction with credit unions, which consistently offer the most competitive rates and service. Online lenders follow closely, while banks perform slightly below average on borrower satisfaction.
See the Best Mortgage Refinance Lenders in Virginia
FAQs – Virginia Refinance Rates
Are refinance rates lower in Virginia than the U.S. average?
Virginia rates are slightly lower — 6.48% vs. 6.60% nationally for top credit borrowers.
What’s the best credit score for refinancing in Virginia?
Borrowers with 720+ credit scores typically secure the best rates, averaging 6.48% for 30-year fixed loans.
Which lenders have the highest satisfaction in Virginia?
Credit unions lead at 9.0/10, with online lenders close behind at 8.6/10. Banks trail at 8.4/10.
More Info for Virginia Homeowners:
Calculators & Tools
Home Equity Loan Calculator: See what you can borrow and what the draw period looks like.
HELOC Calculator: Estimate monthly payments on a fixed equity loan.
Loans Comparison Calculator: Compare Cost of Heloc, Cash-Out, Home Equity, Renovation Loan
Lenders & Loan Programs
Virginia Best Refinance Lenders: from Community Recommendations Survey
Documents: Documents needed to refinance.
Virginia Home Equity Loan & Virginia HELOC Rates
Insurance & Homeowner Resources
Virginia Best Home Insurance: from Community recommendations & Local Costs