What Affects Mortgage Interest Rates in Virginia
Virginia mortgage interest rates are set by national lending markets rather than state borders. Your credit profile, loan structure, property details and other application factors can affect the pricing offered to you.
A mortgage quote for a home in Richmond can differ from one for a property in rural Virginia when the borrower, property or loan details change.
When comparing lenders, look at both the interest rate and the annual percentage rate, or APR. The interest rate is the percentage charged for borrowing the principal. APR is a broader annualized measure that includes the interest rate plus certain loan costs.
Virginia homeowners considering a mortgage change can compare Virginia refinance rates with the terms of their existing loan.
Types of Mortgages Available in Virginia
Virginians buying a home face two higher-cost conforming tiers across 18 counties and independent cities, so the property location can affect when a conventional one-unit mortgage moves into the jumbo category.
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A conventional fixed-rate mortgage keeps the same interest rate for the full loan term.
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FHA loans in Virginia follow separate borrower and property requirements. FHA limits are set separately from conforming limits and are published county by county.
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Eligible borrowers can compare Virginia VA loan rates. VA financing follows its own borrower and property requirements.
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USDA loans combine borrower qualification with property eligibility and may apply when you are buying in an eligible rural part of Virginia.
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An adjustable-rate mortgage can change after its initial rate period according to the loan terms.
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A jumbo loan finances an amount above the conforming limit that applies to the property. Virginia's higher-cost areas are detailed below.
Buyers entering the market for the first time can compare first-time homebuyer loan options in Virginia.
Mortgage insurance treatment varies by loan program, so include mortgage insurance requirements by loan type when estimating the full payment.
2026 Conforming and Jumbo Loan Limits in Virginia
Virginia's 2026 one-unit conforming limit ranges from $832,750 to $1,249,125 across its 133 FHFA-listed counties and independent cities. The baseline applies in 115 areas, while 18 higher-cost areas use one of two higher limits.
Seventeen of those higher-cost areas use the $1,249,125 high-cost ceiling. Madison County uses a $1,209,750 limit. Virginia's independent cities are treated as county equivalents in the FHFA data, so several appear alongside counties in the higher-cost list.
| County or independent city |
2026 one-unit conforming limit |
| Alexandria City |
$1,249,125 |
| Arlington County |
$1,249,125 |
| Clarke County |
$1,249,125 |
| Culpeper County |
$1,249,125 |
| Fairfax City |
$1,249,125 |
| Fairfax County |
$1,249,125 |
| Falls Church City |
$1,249,125 |
| Fauquier County |
$1,249,125 |
| Fredericksburg City |
$1,249,125 |
| Loudoun County |
$1,249,125 |
| Manassas City |
$1,249,125 |
| Manassas Park City |
$1,249,125 |
| Prince William County |
$1,249,125 |
| Rappahannock County |
$1,249,125 |
| Spotsylvania County |
$1,249,125 |
| Stafford County |
$1,249,125 |
| Warren County |
$1,249,125 |
| Madison County |
$1,209,750 |
The conforming limit is the line above which a one-unit mortgage becomes a jumbo loan, so Virginia's jumbo threshold depends on the county or independent city where the property is located. Buyers financing above the applicable threshold can compare Virginia jumbo loan rates.
The Federal Housing Finance Agency, or FHFA, sets conforming limits annually. These are 2026 limits for one-unit properties. Limits for two-, three- and four-unit properties are higher. The FHFA publishes annual conforming loan limit values by area and property size.
FHA limits are set separately from conforming limits and are published county by county. The VA does not impose a loan limit for eligible borrowers with full entitlement. Lenders may still apply their own underwriting and loan-size requirements.
Virginia Mortgage Payment Examples By Rate
Virginia's payment examples extend to a $1,200,000 mortgage. That amount is above the $832,750 baseline used in 115 areas and below the $1,249,125 limit used in the state's highest-cost areas. Use the Virginia mortgage payment calculator to test a different loan amount or other mortgage details.
| Loan Amount |
5.50% |
5.75% |
6.00% |
6.25% |
6.50% |
| $1,200,000 |
$6,813 |
$7,003 |
$7,195 |
$7,389 |
$7,585 |
| $1,100,000 |
$6,246 |
$6,419 |
$6,595 |
$6,773 |
$6,953 |
| $1,000,000 |
$5,678 |
$5,836 |
$5,996 |
$6,157 |
$6,321 |
| $900,000 |
$5,110 |
$5,252 |
$5,396 |
$5,541 |
$5,689 |
| $800,000 |
$4,542 |
$4,669 |
$4,796 |
$4,926 |
$5,057 |
| $700,000 |
$3,975 |
$4,085 |
$4,197 |
$4,310 |
$4,424 |
| $600,000 |
$3,407 |
$3,501 |
$3,597 |
$3,694 |
$3,792 |
| $500,000 |
$2,839 |
$2,918 |
$2,998 |
$3,079 |
$3,160 |
| $400,000 |
$2,271 |
$2,334 |
$2,398 |
$2,463 |
$2,528 |
| $300,000 |
$1,703 |
$1,751 |
$1,799 |
$1,847 |
$1,896 |
The figures cover principal and interest only. Property taxes, homeowners insurance, mortgage insurance, association fees and other costs are not included.
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