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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 | 6.989%APR 7.029% | 0 pts$0 | $1,270/moP&I $1,270 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.071%APR 6.844% | 0 pts$0 | $1,264/moP&I $1,174 · MI $89 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.247%APR 6.304% | 0 pts$0 | $1,176/moP&I $1,176 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.948%APR 6.988% | 0 pts$0 | $1,264/moP&I $1,264 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.718% | 0 pts$0 | $1,352/moP&I $1,352 · 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 | 6.247% | 6.304% | 0 pts ($0) | $1,638/mo | $33,568 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.175% | 6.234% | 0 pts ($0) | $2,038/mo | $46,118 |
Condo 10% Down | 10% | 720 credit score | 7.319% | 7.494% | 0 pts ($0) | $1,476/mo | $51,996 |
Conventional 10% Down | 10% | 720 credit score | 6.809% | 6.972% | 0 pts ($0) | $1,403/mo | $48,691 |
Conventional 20% Down | 20% | 740 credit score | 6.989% | 7.029% | 0 pts ($0) | $1,270/mo | $39,445 |
Conventional 5% Down | 5% | 700 credit score | 7.139% | 7.626% | 0 pts ($0) | $1,531/mo | $53,653 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.439% | 7.482% | 0 pts ($0) | $1,660/mo | $57,205 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,413/mo | $47,887 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.842% | 7.222% | 0 pts ($0) | $1,517/mo | $54,793 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.948% | 6.988% | 0 pts ($0) | $1,581/mo | $53,668 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,971/mo | $46,989 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.071% | 6.844% | 0 pts ($0) | $1,417/mo | $49,835 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,447/mo | $50,657 |
FHA Streamline Refi | 0% | 640 credit score | 6.266% | 7.043% | 0 pts ($0) | $1,499/mo | $53,068 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.094% | 7.343% | 0 pts ($0) | $1,524/mo | $55,387 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,494/mo | $29,255 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.718% | 0 pts ($0) | $1,268/mo | $40,416 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,287/mo | $40,228 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,389/mo | $42,581 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.435% | 7.215% | 0 pts ($0) | $1,472/mo | $52,403 |
Second Home 10% Down | 10% | 720 credit score | 6.077% | 6.655% | 0 pts ($0) | $1,299/mo | $43,956 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,256/mo | $38,840 |
VA 0% Down | 0% | 700 credit score | 6.076% | 6.323% | 0 pts ($0) | $1,475/mo | $48,796 |
VA Cash-Out Refi | 0% | 640 credit score | 6.080% | 6.452% | 0 pts ($0) | $1,475/mo | $48,825 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.085% | 6.240% | 0 pts ($0) | $1,476/mo | $48,862 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,314/mo | $41,577 |
Frequently Asked Questions
What are today's mortgage rates in 23960, Hampden-Sydney, VA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 23960, Hampden-Sydney, VA is 6.989% (with an estimated monthly payment of $1,590). Active program rates also include FHA 30-year fixed loans at 6.071% and VA 0%-down fixed loans at 6.076%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 23960, Hampden-Sydney, 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 23960, Hampden-Sydney, VA have fluctuated between a low of 6.884% and a high of 7.134%. 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 23960, Hampden-Sydney, VA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $238,832 in 23960, Hampden-Sydney, VA, a standard 20%-down Conventional loan requires an upfront cash down payment of $47,766 but keeps your monthly payment lower at $1,590/mo (at 6.989% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,359 (3.5% down) but has an estimated payment of $1,774/mo (at 6.071% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $230,473 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 23960 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 23960 is $806,501. With a typical local home value of $238,832 in Hampden-Sydney, a standard 20%-down mortgage requires a loan size of $191,066. 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 23960, Hampden-Sydney, VA impact estimated mortgage payments?
The median home value in 23960, Hampden-Sydney, VA is estimated at $238,832. Buying a typical home here with a standard 20% down payment ($47,766) translates to an estimated starting monthly mortgage payment of $1,590 (principal and interest). Compared to the local area median household income of $50,021 ($4,168/mo), this basic housing payment represents approximately 38.1% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.