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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 | 7.089%APR 7.135% | 0 pts$0 | $787/moP&I $787 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.113%APR 6.892% | 0 pts$0 | $778/moP&I $724 · MI $55 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.329%APR 6.396% | 0 pts$0 | $728/moP&I $728 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.072%APR 7.118% | 0 pts$0 | $786/moP&I $786 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.764% | 0 pts$0 | $830/moP&I $830 · 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 | 6.329% | 6.396% | 0 pts ($0) | $1,010/mo | $20,873 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.253% | 6.320% | 0 pts ($0) | $1,257/mo | $28,625 |
Condo 10% Down | 10% | 720 credit score | 7.412% | 7.596% | 0 pts ($0) | $914/mo | $32,269 |
Conventional 10% Down | 10% | 720 credit score | 6.860% | 7.028% | 0 pts ($0) | $865/mo | $30,074 |
Conventional 20% Down | 20% | 740 credit score | 7.089% | 7.135% | 0 pts ($0) | $787/mo | $24,552 |
Conventional 5% Down | 5% | 700 credit score | 7.150% | 7.642% | 0 pts ($0) | $940/mo | $32,962 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.520% | 7.569% | 0 pts ($0) | $1,027/mo | $35,453 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $867/mo | $29,378 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.796% | 7.178% | 0 pts ($0) | $926/mo | $33,418 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.072% | 7.118% | 0 pts ($0) | $982/mo | $33,473 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,209/mo | $28,827 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.113% | 6.892% | 0 pts ($0) | $873/mo | $30,755 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $888/mo | $31,078 |
FHA Streamline Refi | 0% | 640 credit score | 6.307% | 7.089% | 0 pts ($0) | $923/mo | $32,740 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.101% | 7.354% | 0 pts ($0) | $936/mo | $34,009 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $917/mo | $17,947 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.764% | 0 pts ($0) | $778/mo | $24,795 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $790/mo | $24,680 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $852/mo | $26,123 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.472% | 7.257% | 0 pts ($0) | $907/mo | $32,309 |
Second Home 10% Down | 10% | 720 credit score | 6.107% | 6.691% | 0 pts ($0) | $800/mo | $27,085 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $771/mo | $23,828 |
VA 0% Down | 0% | 700 credit score | 6.133% | 6.386% | 0 pts ($0) | $910/mo | $30,192 |
VA Cash-Out Refi | 0% | 640 credit score | 6.146% | 6.524% | 0 pts ($0) | $911/mo | $30,251 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.150% | 6.311% | 0 pts ($0) | $912/mo | $30,269 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $806/mo | $25,507 |
Frequently Asked Questions
What are today's mortgage rates in 23879, , VA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 23879, , VA is 7.089% (with an estimated monthly payment of $1,004). Active program rates also include FHA 30-year fixed loans at 6.113% and VA 0%-down fixed loans at 6.133%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 23879, , 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 23879, , VA have fluctuated between a low of 6.956% and a high of 7.222%. 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 23879, , VA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $146,521 in 23879, , VA, a standard 20%-down Conventional loan requires an upfront cash down payment of $29,304 but keeps your monthly payment lower at $1,004/mo (at 7.089% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,128 (3.5% down) but has an estimated payment of $1,114/mo (at 6.113% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $141,393 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 23879 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 23879 is $806,501. With a typical local home value of $146,521 in , a standard 20%-down mortgage requires a loan size of $117,217. 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 23879, , VA impact estimated mortgage payments?
The median home value in 23879, , VA is estimated at $146,521. Buying a typical home here with a standard 20% down payment ($29,304) translates to an estimated starting monthly mortgage payment of $1,004 (principal and interest). Compared to the local area median household income of $39,979 ($3,332/mo), this basic housing payment represents approximately 30.1% 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.