Virginia Mortgage Rates Today — Compare VA Lenders
The average 30-year fixed mortgage rate in Virginia is currently 6.58% APR. Northern Virginia is one of the most expensive housing markets on the East Coast. Hampton Roads has a large military population with strong VA loan activity. Compare today’s rates from top Virginia lenders across all major loan types below.
Virginia Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $450,000 loan on a single-family primary residence in Virginia.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.58% | 6.58% | Most Popular |
| 15-Year Fixed | 5.93% | 5.93% | Pay off faster, save interest |
| 5/1 ARM | 6.70% | 6.70% | Short-term owners |
| FHA 30-Year | 6.22% | 6.22% | Low down payment |
| VA 30-Year | 6.05% | 6.05% | Veterans & military |
| 30-Year Refinance | 6.70% | 6.70% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Virginia
Virginia’s housing market is strongly influenced by the federal government and defense sector. Northern Virginia commands premium prices due to its proximity to Washington DC and concentration of government contractors. Hampton Roads — home to the world’s largest naval base — has a significant military population.
Richmond offers urban amenities at prices well below Northern Virginia. The Shenandoah Valley provides affordable rural and small-city options. Virginia Housing offers strong first-time buyer programs statewide.
What Affects Your Virginia Mortgage Rate?
Several key factors influence the rate a Virginia lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.