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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 | 6.863%APR 6.898% | 0 pts$0 | $2,574/moP&I $2,574 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.997%APR 6.766% | 0 pts$0 | $2,576/moP&I $2,393 · MI $183 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.936%APR 5.985% | 0 pts$0 | $2,336/moP&I $2,336 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.825%APR 6.860% | 0 pts$0 | $2,564/moP&I $2,564 · MI $0 | See details |
| Investment Property FixedConforming | 7.571%APR 7.611% | 0 pts$0 | $2,763/moP&I $2,763 · 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 | 5.936% | 5.985% | 0 pts ($0) | $3,297/mo | $65,398 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.913% | 5.963% | 0 pts ($0) | $4,116/mo | $90,984 |
Condo 10% Down | 10% | 720 credit score | 7.089% | 7.255% | 0 pts ($0) | $2,963/mo | $103,714 |
Conventional 10% Down | 10% | 720 credit score | 6.557% | 6.711% | 0 pts ($0) | $2,807/mo | $96,639 |
Conventional 20% Down | 20% | 740 credit score | 6.863% | 6.898% | 0 pts ($0) | $2,574/mo | $79,512 |
Conventional 5% Down | 5% | 700 credit score | 6.984% | 7.461% | 0 pts ($0) | $3,095/mo | $108,001 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.307% | 7.345% | 0 pts ($0) | $3,365/mo | $115,520 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,902/mo | $98,338 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.769% | 7.143% | 0 pts ($0) | $3,092/mo | $111,474 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.825% | 6.860% | 0 pts ($0) | $3,206/mo | $108,393 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,047/mo | $96,495 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.997% | 6.766% | 0 pts ($0) | $2,886/mo | $101,268 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,971/mo | $104,027 |
FHA Streamline Refi | 0% | 640 credit score | 6.136% | 6.907% | 0 pts ($0) | $3,036/mo | $107,026 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.958% | 7.200% | 0 pts ($0) | $3,087/mo | $111,829 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,068/mo | $60,076 |
Investment Property 25% Down | 25% | 740 credit score | 7.571% | 7.611% | 0 pts ($0) | $2,590/mo | $82,397 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,643/mo | $82,611 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,852/mo | $87,443 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.372% | 7.147% | 0 pts ($0) | $3,003/mo | $106,699 |
Second Home 10% Down | 10% | 720 credit score | 6.014% | 6.587% | 0 pts ($0) | $2,650/mo | $89,429 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,580/mo | $79,761 |
VA 0% Down | 0% | 700 credit score | 5.994% | 6.236% | 0 pts ($0) | $3,002/mo | $98,970 |
VA Cash-Out Refi | 0% | 640 credit score | 5.998% | 6.364% | 0 pts ($0) | $3,003/mo | $99,031 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.020% | 6.171% | 0 pts ($0) | $3,010/mo | $99,362 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,699/mo | $85,380 |
Frequently Asked Questions
What are today's mortgage rates in 24536, , VA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 24536, , VA is 6.863% (with an estimated monthly payment of $2,656). Active program rates also include FHA 30-year fixed loans at 5.997% and VA 0%-down fixed loans at 5.994%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 24536, , 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 24536, , VA have fluctuated between a low of 6.484% and a high of 6.945%. 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 24536, , VA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $490,454 in 24536, , VA, a standard 20%-down Conventional loan requires an upfront cash down payment of $98,091 but keeps your monthly payment lower at $2,656/mo (at 6.863% interest) with no monthly PMI. In comparison, an FHA loan requires only $17,166 (3.5% down) but has an estimated payment of $2,978/mo (at 5.997% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $473,288 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 24536 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 24536 is $806,501. With a typical local home value of $490,454 in , a standard 20%-down mortgage requires a loan size of $392,363. 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 24536, , VA impact estimated mortgage payments?
The median home value in 24536, , VA is estimated at $490,454. Buying a typical home here with a standard 20% down payment ($98,091) translates to an estimated starting monthly mortgage payment of $2,656 (principal and interest). Compared to the local area median household income of $123,839 ($10,320/mo), this basic housing payment represents approximately 25.7% 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.