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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.904%APR 6.940% | 0 pts$0 | $1,871/moP&I $1,871 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.056%APR 6.827% | 0 pts$0 | $1,875/moP&I $1,743 · MI $132 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.001%APR 6.052% | 0 pts$0 | $1,703/moP&I $1,703 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.771%APR 6.808% | 0 pts$0 | $1,846/moP&I $1,846 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.670% | 0 pts$0 | $2,010/moP&I $2,010 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.001% | 6.052% | 0 pts ($0) | $2,396/mo | $47,866 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.002% | 6.055% | 0 pts ($0) | $2,996/mo | $66,764 |
Condo 10% Down | 10% | 720 credit score | 7.175% | 7.344% | 0 pts ($0) | $2,163/mo | $75,892 |
Conventional 10% Down | 10% | 720 credit score | 6.605% | 6.761% | 0 pts ($0) | $2,041/mo | $70,404 |
Conventional 20% Down | 20% | 740 credit score | 6.904% | 6.940% | 0 pts ($0) | $1,871/mo | $57,898 |
Conventional 5% Down | 5% | 700 credit score | 7.020% | 7.498% | 0 pts ($0) | $2,248/mo | $78,532 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.347% | 7.386% | 0 pts ($0) | $2,445/mo | $84,036 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,101/mo | $71,172 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.815% | 7.191% | 0 pts ($0) | $2,248/mo | $81,157 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.771% | 6.808% | 0 pts ($0) | $2,307/mo | $77,872 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,929/mo | $69,838 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.056% | 6.827% | 0 pts ($0) | $2,102/mo | $73,911 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,151/mo | $75,290 |
FHA Streamline Refi | 0% | 640 credit score | 6.251% | 7.025% | 0 pts ($0) | $2,224/mo | $78,709 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.989% | 7.233% | 0 pts ($0) | $2,241/mo | $81,252 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,221/mo | $43,480 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.670% | 0 pts ($0) | $1,884/mo | $60,069 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,913/mo | $59,790 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,064/mo | $63,287 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.422% | 7.199% | 0 pts ($0) | $2,185/mo | $77,748 |
Second Home 10% Down | 10% | 720 credit score | 5.946% | 6.519% | 0 pts ($0) | $1,904/mo | $64,072 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,867/mo | $57,727 |
VA 0% Down | 0% | 700 credit score | 6.049% | 6.293% | 0 pts ($0) | $2,185/mo | $72,229 |
VA Cash-Out Refi | 0% | 640 credit score | 6.061% | 6.430% | 0 pts ($0) | $2,188/mo | $72,360 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.070% | 6.223% | 0 pts ($0) | $2,190/mo | $72,458 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,953/mo | $61,794 |
Frequently Asked Questions
What are today's mortgage rates in 23021, , VA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 23021, , VA is 6.904% (with an estimated monthly payment of $2,201). Active program rates also include FHA 30-year fixed loans at 6.056% and VA 0%-down fixed loans at 6.049%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 23021, , VA?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 23021, , VA have fluctuated between a low of 6.530% and a high of 6.983%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 23021, , VA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $354,967 in 23021, , VA, a standard 20%-down Conventional loan requires an upfront cash down payment of $70,993 but keeps your monthly payment lower at $2,201/mo (at 6.904% interest) with no monthly PMI. In comparison, an FHA loan requires only $12,424 (3.5% down) but has an estimated payment of $2,473/mo (at 6.056% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $342,543 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 23021 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 23021 is $806,501. With a typical local home value of $354,967 in , a standard 20%-down mortgage requires a loan size of $283,974. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 23021, , VA impact estimated mortgage payments?
The median home value in 23021, , VA is estimated at $354,967. Buying a typical home here with a standard 20% down payment ($70,993) translates to an estimated starting monthly mortgage payment of $2,201 (principal and interest). Compared to the local area median household income of $75,525 ($6,294/mo), this basic housing payment represents approximately 35.0% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.