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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 | 6.939%APR 6.977% | 0 pts$0 | $2,223/moP&I $2,223 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.951%APR 6.721% | 0 pts$0 | $2,197/moP&I $2,040 · MI $157 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.073%APR 6.127% | 0 pts$0 | $2,031/moP&I $2,031 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.070%APR 7.117% | 0 pts$0 | $2,253/moP&I $2,253 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.690% | 0 pts$0 | $2,380/moP&I $2,380 · 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 | 6.073% | 6.127% | 0 pts ($0) | $2,850/mo | $57,370 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.120% | 6.178% | 0 pts ($0) | $3,574/mo | $80,479 |
Condo 10% Down | 10% | 720 credit score | 7.260% | 7.432% | 0 pts ($0) | $2,583/mo | $90,818 |
Conventional 10% Down | 10% | 720 credit score | 6.765% | 6.925% | 0 pts ($0) | $2,457/mo | $85,174 |
Conventional 20% Down | 20% | 740 credit score | 6.939% | 6.977% | 0 pts ($0) | $2,223/mo | $68,900 |
Conventional 5% Down | 5% | 700 credit score | 7.069% | 7.551% | 0 pts ($0) | $2,675/mo | $93,564 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.381% | 7.422% | 0 pts ($0) | $2,904/mo | $99,921 |
Conventional High Balance | 10% | 740 credit score | 6.999% | 7.032% | 0 pts ($0) | $2,516/mo | $85,572 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.828% | 7.206% | 0 pts ($0) | $2,665/mo | $96,241 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.070% | 7.117% | 0 pts ($0) | $2,816/mo | $95,979 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,468/mo | $82,682 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.951% | 6.721% | 0 pts ($0) | $2,461/mo | $86,202 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,546/mo | $89,135 |
FHA Streamline Refi | 0% | 640 credit score | 6.072% | 6.844% | 0 pts ($0) | $2,584/mo | $90,883 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.026% | 7.272% | 0 pts ($0) | $2,663/mo | $96,639 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,629/mo | $51,476 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.690% | 0 pts ($0) | $2,231/mo | $71,116 |
Jumbo Conforming | 20% | 760 credit score | 7.000% | 7.032% | 0 pts ($0) | $2,237/mo | $69,518 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,444/mo | $74,926 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.312% | 7.088% | 0 pts ($0) | $2,557/mo | $90,680 |
Second Home 10% Down | 10% | 720 credit score | 5.956% | 6.530% | 0 pts ($0) | $2,257/mo | $75,968 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,211/mo | $68,343 |
VA 0% Down | 0% | 700 credit score | 6.074% | 6.320% | 0 pts ($0) | $2,594/mo | $85,835 |
VA Cash-Out Refi | 0% | 640 credit score | 6.077% | 6.447% | 0 pts ($0) | $2,595/mo | $85,874 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.084% | 6.238% | 0 pts ($0) | $2,597/mo | $85,964 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,312/mo | $73,158 |
Frequently Asked Questions
What are today's mortgage rates in 23024, , VA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 23024, , VA is 6.939% (with an estimated monthly payment of $1,898). Active program rates also include FHA 30-year fixed loans at 5.951% and VA 0%-down fixed loans at 6.074%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 23024, , 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 23024, , VA have fluctuated between a low of 6.589% and a high of 7.037%. 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 23024, , VA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $420,246 in 23024, , VA, a standard 20%-down Conventional loan requires an upfront cash down payment of $84,049 but keeps your monthly payment lower at $1,898/mo (at 6.939% interest) with no monthly PMI. In comparison, an FHA loan requires only $14,709 (3.5% down) but has an estimated payment of $2,102/mo (at 5.951% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $405,537 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 23024 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 23024 is $806,501. With a typical local home value of $420,246 in , a standard 20%-down mortgage requires a loan size of $336,197. 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 23024, , VA impact estimated mortgage payments?
The median home value in 23024, , VA is estimated at $420,246. Buying a typical home here with a standard 20% down payment ($84,049) translates to an estimated starting monthly mortgage payment of $1,898 (principal and interest). Compared to the local area median household income of $96,212 ($8,018/mo), this basic housing payment represents approximately 23.7% 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.