Virginia Mortgage Rates (2026)

Current average mortgage rates, median home prices, and top lenders in Virginia. Rates apply to primary residence purchases with good credit (740+).

30yr Fixed

7%

Avg APR

15yr Fixed

6.4%

Avg APR

Median Price

$400,000

Median home

Monthly P&I

$2,133

30yr at 80% LTV

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Top Mortgage Lenders in Virginia

1

Rocket Mortgage

Online convenience

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30yr Fixed

7%

15yr Fixed

6.4%

Min Down

3%

2

Chase

Existing customers

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30yr Fixed

6.9%

15yr Fixed

6.3%

Min Down

3%

3

Wells Fargo

Branch access

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30yr Fixed

7.1%

15yr Fixed

6.5%

Min Down

3%

4

Bank of America

Preferred Rewards

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30yr Fixed

7%

15yr Fixed

6.4%

Min Down

3%

5

loanDepot

Low down payment

Get Rate

30yr Fixed

6.9%

15yr Fixed

6.3%

Min Down

3%

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First-Time Buyer Programs in Virginia

  • VHDA Mortgage
  • VHDA Plus Second Mortgage
  • VHDA Down Payment Assistance Grant

Mortgage Requirements in Virginia

  • Min 640 credit score for VHDA programs
  • Income and purchase price limits by region
  • Homebuyer education required

Virginia Housing Market Facts

Northern Virginia (DC suburbs) is among the most expensive sub-markets nationally.
Richmond and Virginia Beach offer more affordable alternatives.
VHDA provides DPA grants — no repayment required.

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Compare Mortgage Rates in Other States