Virginia Mortgage Calculator 2026
Virginia's housing market is anchored by the Northern Virginia (NoVA) DC suburbs, which have some of the highest home prices and strongest demand in the Mid-Atlantic, driven by federal government employment, defense contractors, and Amazon's HQ2. The state has high conforming loan limits ($1,149,825) in many counties and one of the largest military populations in the nation.
Calculate Your Virginia Mortgage Payment
Pre-filled with Virginia averages — adjust any value to match your situation.
= $78,000 down
Estimated Monthly Payment Breakdown
Based on $390,000 home price, 20% down, 30-year fixed at 7.25%.
Virginia Property Taxes & Income Tax
Virginia's 0.82% property tax rate is below the national average. Property taxes vary significantly by locality — Northern Virginia localities have higher rates than rural areas. Virginia's income tax tops out at 5.75%. The state has no statewide homestead exemption, but some localities offer relief programs.
Virginia Homeowners Insurance
Virginia's coastal areas (Virginia Beach, Norfolk, Hampton Roads) face hurricane and flood risk. Flood insurance is required in FEMA flood zones. Inland areas have moderate insurance costs. Annual insurance averages $1,100–$1,600. Budget $90–$135/month.
Virginia Housing Market Overview
Northern Virginia (Arlington, Alexandria, Fairfax, Loudoun counties) has some of the highest prices in the Mid-Atlantic, driven by federal employment, defense contractors, and Amazon's HQ2 in Arlington. Richmond has seen strong revitalization and appreciation. Hampton Roads (Virginia Beach, Norfolk, Chesapeake) has a large military presence supporting VA loan demand. Virginia's $1,149,825 conforming limit is essential for NoVA buyers.
Frequently Asked Questions
What is the average mortgage payment in Virginia?
Based on Virginia's median home price of $390,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $2,503/month.
What is the conforming loan limit in Virginia?
The conforming loan limit in Virginia is $1,149,825. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in Virginia?
Yes — Virginia has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in Virginia?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Virginia with no down payment and no PMI. The VA loan limit in Virginia is $1,149,825.
Virginia Loan Limits
Virginia Homebuyer Programs
Down payment assistance grant of up to 2.5% of the purchase price for qualifying first-time homebuyers in Virginia.
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