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Safe Rate LocalZIP Code 23691 index·Updated August 16, 2026

Mortgage Rates in ZIP Code 23691

6.906%Rate
6.942%APR
$1,938monthly mortgage payment
$0points (0 pts)
Loan Amount $294,106; and Downpayment $73,527
Local Fast Facts
ZIP 23691
Typical Home Value
$367,633
YoY Appreciation
+7.5%
Area Median Income
$77,880
Estimated Property Taxes
$2,108/yr
Est. Property Tax Rate
0.57%
Conforming Loan Limit (1-unit)
$806,501
FHA Loan Limit (1-unit)
$524,225
Jumbo Threshold (1-unit)
> $806,501
Average Loan to Value
58.9%

Select your Scenario

Selected
Traditional (20% Down)6.906% Rate

Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.

Payment$1,938/mo
Down Payment$73,527
Loan Amount$294,106
Lower Down Payment5.942% Rate

Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.

Payment$2,316/mo
Down Payment$12,867
Loan Amount$360,974
Select Scenario
Refinance6.754% Rate

Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.

Payment$2,385/mo
Down Payment$0
Loan Amount$367,633
Select Scenario
Veteran6.051% Rate

Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.

Payment$2,264/mo
Down Payment$0
Loan Amount$375,537
Select Scenario
Faster Payoff6.004% Rate

Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.

Payment$2,482/mo
Down Payment$73,527
Loan Amount$294,106
Select Scenario
Investor7.625% Rate

Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.

Payment$1,952/mo
Down Payment$91,908
Loan Amount$275,725
Select Scenario

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Current Local Mortgage Rates

Sorted by lowest conforming purchase rate

Updated: Daily
Conventional 30-Yr FixedConforming
6.906%APR 6.942%
Est. Payment$1,938/mo
Points0 pts
3-Yr Cost*$59,982
P&I $1,938 · MI $0
See details
FHA 30-Yr FixedConforming
5.942%APR 6.711%
Est. Payment$1,920/mo
Points0 pts
3-Yr Cost*$62,429
P&I $1,783 · MI $137
See details
VA 30-Yr Fixed Doesn't Apply

Requires veteran or military eligibility

Jumbo 30-Yr Fixed Doesn't Apply

Loan amount is under conforming limits

15-Year Conforming FixedConforming
6.004%APR 6.056%
Est. Payment$1,764/mo
Points0 pts
3-Yr Cost*$51,998
P&I $1,764 · MI $0
See details
Refinance 30-Yr FixedConforming
6.754%APR 6.792%
Est. Payment$1,908/mo
Points0 pts
3-Yr Cost*$58,636
P&I $1,908 · MI $0
See details
Investment Property FixedConforming
7.625%APR 7.671%
Est. Payment$2,082/mo
Points0 pts
3-Yr Cost*$66,359
P&I $2,082 · MI $0
See details
* 3-Yr Cost captures the true wholesale transaction friction: cumulative 36-month interest + upfront government fees + ongoing monthly PMI/MIP. Scenarios can be customized on any program page.

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Frequently Asked Questions

What are today's mortgage rates in 23691, , VA across different loan programs?

Today's benchmark conventional 30-year fixed mortgage rate in 23691, , VA is 6.906% (with an estimated monthly payment of $2,185). Active program rates also include FHA 30-year fixed loans at 5.942% and VA 0%-down fixed loans at 6.051%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.

What is the recent mortgage rate trend in 23691, , 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 23691, , VA have fluctuated between a low of 6.533% and a high of 6.984%. 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 23691, , VA?

Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $367,633 in 23691, , VA, a standard 20%-down Conventional loan requires an upfront cash down payment of $73,527 but keeps your monthly payment lower at $2,185/mo (at 6.906% interest) with no monthly PMI. In comparison, an FHA loan requires only $12,867 (3.5% down) but has an estimated payment of $2,425/mo (at 5.942% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $354,766 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 23691 before needing a Jumbo loan?

The 2025 conforming conventional loan limit for a 1-unit property in 23691 is $806,501. With a typical local home value of $367,633 in , a standard 20%-down mortgage requires a loan size of $294,106. 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 23691, , VA impact estimated mortgage payments?

The median home value in 23691, , VA is estimated at $367,633. Buying a typical home here with a standard 20% down payment ($73,527) translates to an estimated starting monthly mortgage payment of $2,185 (principal and interest). Compared to the local area median household income of $77,880 ($6,490/mo), this basic housing payment represents approximately 33.7% 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.