Norfolk Mortgage Rates & Home Loans
Freedomstar Financial offers competitive mortgage rates on conventional, FHA, VA, and jumbo home loans in Norfolk, Virginia (License #MLO-44472VA). Norfolk uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home, so most purchases are standard conforming or VA loans.
Norfolk is the heart of Hampton Roads’ military community, home to Naval Station Norfolk — the largest naval base in the world. VA loan expertise and fast closings are essential for the many service members and veterans buying here.
Today's Norfolk Mortgage Rates
Live best-execution Virginia rates from our lender network — as of July 30, 2026 at 1:22 PM PDT.
VA 30-Yr Fixed
5.625%
APR 5.795%
Conventional 30-Yr Fixed
6.000%
APR 6.113%
High-Balance 30-Yr Fixed
6.250%
APR 6.332%
FHA 30-Yr Fixed
5.625%
APR 5.779%
Rates subject to change. See Rate Assumptions.
Norfolk Home Loan Facts
Median Home Price
~$320,000
Curated Norfolk estimate.
2026 Conforming Limit
$832,750
City of Norfolk baseline reference.
County
City of Norfolk
Loan limits are set at the county level.
Loan Limits & Market
Norfolk uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home, so most purchases are standard conforming or VA loans.
From Ghent and Larchmont to the neighborhoods surrounding the naval station, Norfolk sees exceptionally high VA loan volume. Affordability relative to Virginia Beach and Northern Virginia also supports strong first-time buyer demand.
Norfolk Highlights
- Baseline conforming limit of $832,750 (2026)
- Home to Naval Station Norfolk, the world’s largest naval base
- Among the highest VA loan volumes in the U.S.
- Affordable Hampton Roads pricing
Property Taxes in Virginia
Virginia property tax is assessed and collected locally, so effective rates vary by city and county. Some localities offer relief for disabled veterans and seniors.
Market facts last updated July 21, 2026.
First-Time Buyer Programs in Virginia
Virginia Housing Down Payment Assistance
Grant toward down payment for eligible first-time buyers.
Virginia Housing Loan Combo
Affordable first mortgage paired with down payment and closing-cost assistance.
Program availability and terms are set by the administering agency and subject to change. Contact us to confirm current eligibility.
Licensed to Lend in Norfolk, Virginia
Your Norfolk loans are handled by Ivan Hendren, NMLS #152318. Freedomstar Financial holds an active Virginia mortgage license (#MLO-44472VA). See our full licensing & disclosures for details.
Meet Ivan HendrenNorfolk Mortgage FAQ
Why are VA loans so common in Norfolk?
Norfolk is home to Naval Station Norfolk, the largest naval base in the world, giving it one of the largest military populations in the country and exceptionally high VA loan use. Eligible borrowers get no down payment, no PMI, and competitive rates.
What is the conforming loan limit in Norfolk for 2026?
Norfolk uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home. Amounts above that are financed as jumbo loans.
Other Virginia Markets
All of VirginiaVirginia Beach
Median ~$375,000
Hampton Roads market with exceptionally strong VA loan demand.
Richmond
Median ~$360,000
Capital-region market with steady conventional and FHA activity.
Northern Virginia
Median ~$700,000
High-cost D.C.-adjacent market where high-balance loans are common.
Newport News
Median ~$300,000
Peninsula shipbuilding and military market with heavy VA loan use.
Charlottesville
Median ~$450,000
University-driven Central Virginia market with steady conventional demand.
Roanoke
Median ~$275,000
Affordable Southwest Virginia market with strong first-time buyer demand.
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