Compare Today’s Mortgage Rates for Richmond, Virginia

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Richmond, Virginia 23298. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $8,125 or $23 / month in Richmond and other areas of Richmond City county.

Our search engine explores all home mortgage options in Richmond, Virginia 23298, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

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Summary of Average Mortgage Terms in Richmond, Virginia 23298

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Richmond, VA 23298, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Historical Mortgage Rates for Richmond, Virginia 23298 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Richmond, Virginia and around Richmond City county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 94.01% 90.05% 90.02% 92.60% 91.35% 91.42% 94.05% 91.68%
avg mortgage rate 4.95% 4.66% 3.91% 3.99% 4.46% 4.13% 3.92% 4.07%
% 15 year fixed mortgage 4.55% 6.99% 8.29% 6.25% 6.71% 6.53% 4.63% 6.59%
avg mortgage rate 4.39% 3.96% 3.23% 3.07% 3.40% 3.25% 3.06% 3.31%
Avg credit score 761.60 764.45 760.46 757.74 751.13 751.12 747.76 751.92
Avg LTV (loan to value) 75.02% 76.20% 77.96% 79.41% 80.41% 80.52% 81.40% 80.40%
Avg DTI (debt to income) 34.33 33.44 33.53 33.33 34.72 35.10 35.25 36.44
% First time homebuyer 27.97% 28.09% 34.25% 35.62% 36.62% 39.41% 39.54% 34.14%
Avg mortgage insurance % 3.68% 6.16% 8.34% 10.11% 11.29% 11.99% 12.36% 10.85%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Richmond, Virginia 23298

If you’re looking to buy a new home in Richmond, we have compiled a list of the leading mortgage brokers around Richmond, Virginia 23298 to help you with your search.

Name
Address
Contact

Wells Fargo Home Mortgage

5540 Falmouth St

Richmond VA 23298

(804) 285-2081

http://www.wellsfargo.com/mortgage/

TitleMax Title Loans

4711 W Broad St

Richmond VA 23298

(804) 342-0062

webinquiries@titlemax.com

Sterling Mortgage Corporation

1508 Willow Lawn Dr

Richmond VA 23298

(804) 673-5626

rchapman@sterlingmortgage.com

Loanmax Title Loans

4201 W Broad St

Richmond VA 23298

(804) 254-3882

https://www.loanmaxtitleloans.net/Locations/VIRGINIA/Richmond/4201-West-Broad-St

Kasper Mortgage Capital

1508 Willow Lawn Dr

Richmond VA 23298

(804) 285-3900

http://www.kmctaxcredits.com

Address

5540 Falmouth St

Richmond VA

Contact

(804) 285-2081

http://www.wellsfargo.com/mortgage/

Address

4711 W Broad St

Richmond VA

Contact

(804) 342-0062

webinquiries@titlemax.com

Address

1508 Willow Lawn Dr

Richmond VA

Contact

(804) 673-5626

rchapman@sterlingmortgage.com

News on Mortgages and Reverse Mortgages for Richmond, Virginia 23298