Roanoke Mortgage Rates & Home Loans
Freedomstar Financial offers competitive mortgage rates on conventional, FHA, VA, and jumbo home loans in Roanoke, Virginia (License #MLO-44472VA). Roanoke uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home, though Roanoke’s affordability means most purchases fall well within that limit.
Roanoke is the largest metro in Southwest Virginia and one of the state’s most affordable markets, drawing first-time buyers, families, and retirees to the Blue Ridge region. FHA and conventional loans lead most purchases.
Today's Roanoke 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.
Roanoke Home Loan Facts
Median Home Price
~$275,000
Curated Roanoke estimate.
2026 Conforming Limit
$832,750
City of Roanoke baseline reference.
County
City of Roanoke
Loan limits are set at the county level.
Loan Limits & Market
Roanoke uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home, though Roanoke’s affordability means most purchases fall well within that limit.
From Old Southwest and Grandin Village to the surrounding Roanoke and Botetourt county communities, the area pairs low prices with quality-of-life appeal. FHA and conventional loans dominate, with Virginia Housing assistance common.
Roanoke Highlights
- Baseline conforming limit of $832,750 (2026)
- One of Virginia’s most affordable markets
- Virginia Housing assistance widely used
- FHA and conventional financing lead
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 Roanoke, Virginia
Your Roanoke 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 HendrenRoanoke Mortgage FAQ
Is Roanoke good for first-time buyers?
Yes. Roanoke is one of Virginia’s most affordable markets, and first-time buyers frequently pair FHA or conventional financing with Virginia Housing down payment assistance.
What is the conforming loan limit in Roanoke for 2026?
Roanoke 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.
Norfolk
Median ~$320,000
Hampton Roads Navy hub with among the highest VA loan volumes in the country.
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.
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