Mortgage Rates in Virginia Beach, VA: Today's Averages & 2026 Outlook
Virginia Beach 30-year fixed rates are running around 6.87% — roughly 2 bps above the national average of 6.85%. Here's how Virginia Beach rates stack up, what drives the metro spread, and the payment math on a typical Virginia Beach home.
Today's Virginia Beach rates by loan type
Estimates for Virginia Beach based on the current national 30-year average of 6.85% plus the metro's typical spread (+2 bps). Live national rate sourced daily from Freddie Mac PMMS. Your actual quote will depend on your credit, down payment, and lender.
What drives Virginia Beach mortgage rates
The national 30-year average sets the floor for every Virginia Beach lender. But the $Virginia Beach-Norfolk-Newport News metro typically prices about 2 basis points above that national benchmark because of local dynamics.
Local market read. Highest VA-loan share of any major metro (major Navy presence).
Who's lending. VA specialists (Navy Federal, USAA, Veterans United) dominate.
Median deal size. A typical Virginia Beach loan is around $300,000 on a $335,000 home. That sits well inside conforming loan limits, so most Virginia Beach buyers get standard agency pricing.
What a typical Virginia Beach payment looks like
| Line item | Estimate |
|---|---|
| Median home price (Virginia Beach-Norfolk-Newport News) | $335,000 |
| Median loan amount | $300,000 |
| 30-yr rate (Virginia Beach avg) | 6.87% |
| Monthly principal & interest | $1,970 |
| Est. full PITI (add ~30% for taxes/insurance) | ~$2,561 |
Directional math for Virginia Beach in 2026. Add property taxes, homeowners insurance, PMI (if less than 20% down), and any HOA dues for full monthly cost. Our mortgage calculator lets you plug in your exact numbers.
More on buying in Virginia
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We'll match you with vetted Virginia Beach-area lenders competing for your loan. Compare real Loan Estimates side-by-side — the same Virginia Beach buyer can save $2,000–$5,000+ over the life of the loan by shopping three quotes.
Virginia Beach mortgage rates: FAQ
What is today's mortgage rate in Virginia Beach, VA?▾
The average 30-year fixed mortgage rate in Virginia Beach is around 6.87% — 15-year fixed near 6.12%, FHA around 6.62%, VA around 6.52%. That's roughly 2 bps above the current US 30-year average of 6.85%. Your actual rate depends on credit score, down payment, loan type, and lender competition — always compare Loan Estimates from at least three lenders.
How do Virginia Beach mortgage rates compare to the national average?▾
Virginia Beach rates typically sit slightly above (about 2 bps higher than) the US 30-year average. The metro spread reflects local lender competition, loan mix, and property-tax/insurance dynamics specific to the Virginia Beach-Norfolk-Newport News area.
What's the median home price in Virginia Beach?▾
The median home price in the Virginia Beach-Norfolk-Newport News metro is about $335,000, with a typical loan amount of $300,000 at conventional LTVs. At today's 6.87% rate, principal and interest on that loan runs about $1,970/month — before property taxes, homeowners insurance, and (if applicable) PMI or HOA dues.
Who are the top lenders in Virginia Beach?▾
VA specialists (Navy Federal, USAA, Veterans United) dominate. You'll get the best rate by comparing at least three Loan Estimates — a mix of a national non-bank lender, a local credit union, and (for higher loan amounts) a portfolio bank tends to reveal the best pricing for your specific profile.
Should I lock my rate now or wait in Virginia Beach?▾
Highest VA-loan share of any major metro (major Navy presence). On rate timing itself, no one can call the exact peak or trough — but if the payment on your target Virginia Beach home works today at 6.87%, locking and refinancing later if rates fall is a well-worn playbook. Our Right-Time-to-Buy tool models the wait-vs-buy math for you.