Richmond Mortgage Rates & Home Loans
Freedomstar Financial offers competitive mortgage rates on conventional, FHA, VA, and jumbo home loans in Richmond, Virginia (License #MLO-44472VA). The Richmond area uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home, so most purchases are standard conforming or FHA loans.
Richmond, Virginia’s capital, offers a stable, relatively affordable market with steady conventional and FHA demand across the metro region.
Today's Richmond Mortgage Rates
Live best-execution Virginia rates from our lender network — as of July 21, 2026 at 11:15 AM PDT.
VA 30-Yr Fixed
5.625%
APR 5.741%
Conventional 30-Yr Fixed
6.000%
APR 6.101%
High-Balance 30-Yr Fixed
6.125%
APR 6.193%
FHA 30-Yr Fixed
5.490%
APR 5.602%
Rates subject to change. See Rate Assumptions.
Richmond Home Loan Facts
Median Home Price
~$360,000
Curated Richmond estimate.
2026 Conforming Limit
$832,750
City of Richmond baseline reference.
County
City of Richmond
Loan limits are set at the county level.
Loan Limits & Market
The Richmond area uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home, so most purchases are standard conforming or FHA loans.
From the Fan and Church Hill to Henrico and Chesterfield counties, Richmond draws first-time buyers and move-up families alike. Conventional and FHA loans dominate, with Virginia Housing assistance in regular use.
Richmond Highlights
- Baseline conforming limit of $832,750 (2026)
- Stable, relatively affordable capital-region market
- Virginia Housing assistance widely used
- Conventional, FHA, and VA options supported
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 Richmond, Virginia
Your Richmond 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 HendrenRichmond Mortgage FAQ
What is the conforming loan limit in Richmond for 2026?
The Richmond area uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home. Amounts above that are financed as jumbo loans.
What assistance is available for Richmond first-time buyers?
First-time buyers in Richmond frequently use Virginia Housing programs, which pair an affordable first mortgage with down payment and closing-cost assistance for eligible borrowers.
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