What are Virginia mortgage rates right now?

I quote today's actual rate directly rather than publish a number here that goes stale within days. Virginia rates track the national benchmarks; your rate depends on credit, down payment, loan size, and program. Jumbo pricing matters more in Northern Virginia, where loan amounts frequently exceed conforming limits.

Why are Northern Virginia payments so much higher?

Price, not rate. Median-priced homes near $750,000 in close-in Northern Virginia produce monthly payments well above the rest of the state at any rate. Buyers there should pay particular attention to loan structure, since jumbo, high-balance conforming, and piggyback options can price very differently.

Can I use a VA loan anywhere in Virginia?

Eligible veterans and service members can use VA financing statewide, with zero down and no monthly mortgage insurance. VA loans have their own pricing separate from the conventional averages shown above, and for eligible buyers they frequently win the side-by-side comparison.

Virginia Mortgage Rates

Understanding Virginia Mortgage Rates

Ken Powell, Loan Officer · Hughesville, MD · NMLS #2656628

Quick Answer

Mortgage rates change daily, sometimes hourly, so a number printed on a webpage is out of date almost as soon as it is published. Rather than post a figure here that misleads more often than it helps, I quote Virginia borrowers their actual rate directly, based on their credit, down payment, loan type, and program. Call, text, or email any time for today's real number.

The one thing to remember about rate headlines

The Fed does not set your mortgage rate. Your 30-year fixed tracks the 10-year Treasury and mortgage-backed securities, which move on the bond market's full read of growth, inflation, government borrowing, and Fed positioning. That is why rates sometimes rise on good economic news and fall on bad news, and why timing your purchase or refinance around headlines is a losing game. The numbers that should drive your decision are your own: your payment, your budget, your timeline, and your break-even if you are refinancing.

What it means for Virginia buyers and homeowners

If you are buying: Virginia is really two markets wearing one name. Northern Virginia runs at some of the highest price points in the mid-Atlantic, with median-priced homes near $750,000 in many close-in areas, while much of the rest of the Commonwealth trades in the $300,000s and $400,000s. The same rate produces a very different payment in Arlington than it does in Fredericksburg or Richmond. That is why the useful question is never where rates are. It is what the payment looks like on the specific house, in the specific county, with the specific loan structure that fits your file.

If you are military or a veteran: Virginia has one of the largest veteran populations in the country, and VA loans are underused even here. Zero down and no monthly mortgage insurance changes the math meaningfully at today's rates. As a 20-year Navy veteran, I make sure that comparison actually gets run.

If you are an investor: Virginia's rental markets, from military-adjacent areas to university towns, pair well with DSCR financing that qualifies on the property's rent rather than your personal tax returns. For 1099 earners and business owners, bank statement and P&L programs keep strong files from being penalized for smart tax planning.

Frequently asked questions

What are Virginia mortgage rates right now?: I quote today's actual rate directly rather than publish a number here that goes stale within days. Virginia rates track the national benchmarks; your rate depends on credit, down payment, loan size, and program. Jumbo pricing matters more in Northern Virginia, where loan amounts frequently exceed conforming limits.
Why are Northern Virginia payments so much higher?: Price, not rate. Median-priced homes near $750,000 in close-in Northern Virginia produce monthly payments well above the rest of the state at any rate. Buyers there should pay particular attention to loan structure, since jumbo, high-balance conforming, and piggyback options can price very differently.
Can I use a VA loan anywhere in Virginia?: Eligible veterans and service members can use VA financing statewide, with zero down and no monthly mortgage insurance. VA loans have their own pricing separate from the conventional averages shown above, and for eligible buyers they frequently win the side-by-side comparison.

Rates in other markets: Maryland · Calvert County · Charles County · St. Mary's County

Want your actual rate, not a national average?

I am Ken Powell, a loan officer with Fairway Home Mortgage based in Hughesville, Maryland. Twenty years in the Navy taught me to prepare thoroughly and speak plainly, and that is how I run my lending practice. I specialize in self-employed and 1099 borrowers, DSCR and investor loans, bank statement, P&L, and asset-based programs, and reverse mortgages.

Call or text (240) 237-7855, email ken.powell@fairwaymc.com, or visit LendWithKen.com. Straight answers, no pressure.

This page does not publish specific interest rate figures, since a number printed on a webpage is out of date almost as soon as it's posted. Your actual rate and APR depend on your credit, income documentation, down payment, loan type, occupancy, and property, and change daily. Contact Ken directly for a current, personalized quote. Local market figures reflect regional MLS and public data reported for 2026 and are subject to revision. Ken Powell, Loan Officer, NMLS #2656628. Fairway Home Mortgage, 8307 Old Leonardtown Road, Hughesville, MD 20637. Fairway Independent Mortgage Corporation, NMLS #2289. Equal Housing Opportunity. Not all applicants will qualify.