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Safe Rate LocalZIP Code 24657 index·Updated August 16, 2026

Mortgage Rates in ZIP Code 24657

7.402%Rate
7.456%APR
$628monthly mortgage payment
$0points (0 pts)
Loan Amount $90,753; and Downpayment $22,688
Local Fast Facts
ZIP 24657
Typical Home Value
$113,441
Area Median Income
$30,313
Estimated Property Taxes
$499/yr
Est. Property Tax Rate
0.44%
Conforming Loan Limit (1-unit)
$806,501
FHA Loan Limit (1-unit)
$524,225
Jumbo Threshold (1-unit)
> $806,501
Average Loan to Value
79.0%

Select your Scenario

Selected
Traditional (20% Down)7.402% Rate

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

Payment$628/mo
Down Payment$22,688
Loan Amount$90,753
Lower Down Payment6.197% Rate

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

Payment$733/mo
Down Payment$3,970
Loan Amount$111,386
Select Scenario
Refinance7.363% Rate

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

Payment$783/mo
Down Payment$0
Loan Amount$113,441
Select Scenario
Veteran6.263% Rate

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

Payment$714/mo
Down Payment$0
Loan Amount$115,880
Select Scenario
Faster Payoff6.865% Rate

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

Payment$809/mo
Down Payment$22,688
Loan Amount$90,753
Select Scenario
Investor7.625% Rate

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

Payment$602/mo
Down Payment$28,360
Loan Amount$85,081
Select Scenario

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Current Local Mortgage Rates

Sorted by lowest conforming purchase rate

Updated: Daily
Conventional 30-Yr FixedConforming
7.402%APR 7.456%
Est. Payment$628/mo
Points0 pts
3-Yr Cost*$19,868
P&I $628 · MI $0
See details
FHA 30-Yr FixedConforming
6.197%APR 6.982%
Est. Payment$608/mo
Points0 pts
3-Yr Cost*$19,963
P&I $565 · MI $42
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
6.865%APR 6.946%
Est. Payment$596/mo
Points0 pts
3-Yr Cost*$18,395
P&I $596 · MI $0
See details
Refinance 30-Yr FixedConforming
7.363%APR 7.417%
Est. Payment$626/mo
Points0 pts
3-Yr Cost*$19,759
P&I $626 · MI $0
See details
Investment Property FixedConforming
7.625%APR 7.886%
Est. Payment$642/mo
Points0 pts
3-Yr Cost*$20,478
P&I $642 · 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 24657, , VA across different loan programs?

Today's benchmark conventional 30-year fixed mortgage rate in 24657, , VA is 7.402% (with an estimated monthly payment of $736). Active program rates also include FHA 30-year fixed loans at 6.197% and VA 0%-down fixed loans at 6.263%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.

What is the recent mortgage rate trend in 24657, , 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 24657, , VA have fluctuated between a low of 7.310% and a high of 7.457%. 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 24657, , VA?

Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $113,441 in 24657, , VA, a standard 20%-down Conventional loan requires an upfront cash down payment of $22,688 but keeps your monthly payment lower at $736/mo (at 7.402% interest) with no monthly PMI. In comparison, an FHA loan requires only $3,970 (3.5% down) but has an estimated payment of $799/mo (at 6.197% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $109,471 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 24657 before needing a Jumbo loan?

The 2025 conforming conventional loan limit for a 1-unit property in 24657 is $806,501. With a typical local home value of $113,441 in , a standard 20%-down mortgage requires a loan size of $90,753. 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 24657, , VA impact estimated mortgage payments?

The median home value in 24657, , VA is estimated at $113,441. Buying a typical home here with a standard 20% down payment ($22,688) translates to an estimated starting monthly mortgage payment of $736 (principal and interest). Compared to the local area median household income of $30,313 ($2,526/mo), this basic housing payment represents approximately 29.1% 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.