Compare Today’s Mortgage Rates in Orkney Springs, Virginia 22845

Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Orkney Springs, Virginia 22845.

After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $20,333 over the lifetime of your 30-year fixed loan, or a monthly savings of $56 in Orkney Springs and other areas of Shenandoah county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

38.793708 -78.811106 9020

Summary of Average Mortgages in Orkney Springs, Virginia 22845

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Orkney Springs, Virginia 22845

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Orkney Springs, VA 22845. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.

Local Mortgage Rates in Orkney Springs, Virginia 22845

Orkney Springs is a CDP in western Shenandoah County, Virginia, United States. The reason for the name "Orkney" is unknown, but believed to be tied to either the Orkney Islands off the coast of Scotland or to the Earl of Orkney, since one of the earliest European landowners was Dr. John McDonald, a Scottish physician. Read more

Orkney Springs is a CDP in western Shenandoah County, Virginia, United States. The reason for the name "Orkney" is unknown, but believed to be tied to either the Orkney Islands off the coast of Scotland or to the Earl of Orkney, since one of the earliest European landowners was Dr. John McDonald, a Scottish physician. The "Springs" part of the name comes from the numerous underground mineral springs in the area. Major Peter Higgins laid out the town in 1808, with a common area surrounded by lots; later archeological research found relics of prior Native American use of the site.

In January 1864 Maj. Gen. Fitzhugh Lee's Confederate cavalry and McNeill's Partisan Rangers camped in Orkney Springs.The first public hotel was built in the early 19th century, as tourists arrived to sample the healing waters. Those private hotels on the former common green consolidated into the Orkney Springs Hotel. Most of the original buildings still stand, have been restored, and are in use today. The Orkney Springs Hotel was listed on the National Register of Historic Places in 1976, and its most current restoration finished in 1987. The Virginia House is believed to be the largest wooden structure in Virginia. It dates to the 1870s and is on the National Historical Register. The Maryland House dates to the mid-1850s, but collapsed and was rebuilt after the Civil War. The Orkney Springs Hotel was owned privately until 1979 when it was purchased by the Episcopal Diocese of Virginia and became part of their retreat center Shrine Mont.The Episcopal Church had offered services in the town since the 19th century, and it had been a favorite retreat of Bishop Robert Atkinson Gibson from 1876 until his death in 1919. Bishop Gibson purchased a cottage in town which he called Tanglewood, and refitted an abandoned schoolhouse as a chapel. They became the heart of Shrine Mont, after his son-in-law, Rev. Edmund Lee Woodward, M.D., built another cottage and what became the diocese's Cathedral Shrine of the Transfiguration and donated them to the diocese. This open-air outdoor worship space, built of native stone, was consecrated on August 6, 1925, by Bishop William Cabell Brown. The retreat center continued to purchase buildings in the town, including the hotel in 1979. Shrine Mont now hosts conferences and retreats, especially from March–November, as well as many family reunions, summer camps for children and teenagers. Multiple worship services are held in the cathedral on Sundays. Shrine Mont also hosts the annual Shenandoah Valley Music Festival, from July until Labor Day. Read less

Historical Mortgage Rates in Orkney Springs, Virginia 22845 from 2024 - 2016

We have compiled mortgage rates charts for home loans in Orkney Springs, Virginia and around Shenandoah county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.

2024 2023 2022 2021 2020 2019 2018 2017 2016
% 30 year fixed mortgage 96.39% 95.46% 95.68% 95.68% 92.53% 89.47% 92.81% 93.78% 93.80%
avg mortgage rate 6.27% 4.45% 2.91% 3.18% 4.21% 4.53% 4.16% 3.86% 4.06%
% 15 year fixed mortgage 3.09% 3.77% 3.62% 3.88% 5.99% 9.11% 6.08% 5.61% 5.37%
avg mortgage rate 5.52% 3.54% 2.35% 2.86% 3.70% 3.88% 3.32% 3.06% 3.23%
Avg credit score 762.18 766.89 766.36 767.23 771.37 764.25 758.26 761.79 761.46
Avg LTV (loan to value) 78.80% 80.95% 82.34% 82.15% 79.94% 76.63% 78.09% 79.99% 77.77%
Avg DTI (debt to income) 38.99 37.36 34.97 34.93 36.55 36.49 35.81 35.20 34.91
% First time homebuyer 54.12% 52.85% 49.95% 51.19% 50.32% 42.79% 45.38% 43.32% 45.51%
Avg mortgage insurance % 11.75% 12.77% 12.86% 13.08% 11.59% 8.60% 8.76% 10.21% 7.85%

Source: Financial Report of the US Government

Best Mortgage Brokers around Orkney Springs, Virginia 22845

For those searching for a new home in Orkney Springs, we have compiled a list of the top mortgage brokers located in and around Orkney Springs, Virginia 22845 to assist you with your search.

Name
Address
Contact

Vbs Mortgage

2040 Deyerle Ave

Harrisonburg VA 22845

(540) 442-8583

info@vbsmortgage.com

OneMain Financial

2035 E Market St

Harrisonburg VA 22845

(540) 433-8194

http://branches.onemainfinancial.com/va/harrisonburg/2035-75-east-market-st.html

TitleMax Title Loans

1550 E Market St

Harrisonburg VA 22845

(540) 433-1696

webinquiries@titlemax.com

Springleaf Financial Services

1790 E Market St

Harrisonburg VA 22845

(540) 432-8283

compliancehelpline@slfs.com

Farm Credit Services

4646 S Valley Pike

Rockingham VA 22845

(540) 434-5385

_fcvwythevilleprocessingcenter@agfirst.com

Address

2040 Deyerle Ave

Harrisonburg VA

Contact

(540) 442-8583

info@vbsmortgage.com

Address

2035 E Market St

Harrisonburg VA

Contact

(540) 433-8194

http://branches.onemainfinancial.com/va/harrisonburg/2035-75-east-market-st.html

Address

1550 E Market St

Harrisonburg VA

Contact

(540) 433-1696

webinquiries@titlemax.com

News on Mortgages and Reverse Mortgages for Orkney Springs, Virginia 22845