Best Mortgage Lenders in Virginia 2026: Top 10 Ranked
Virginia's median home price is $420,000 — but Northern Virginia averages $700K+. With one of the largest veteran populations in the US, VA loans are massive here. We ranked 10 VA mortgage lenders by rates, fees, jumbo options, and VHDA first-time buyer programs. Rates from 6.09%. Compare in 60 seconds.
Virginia Mortgage Quick Facts (August 2026)
Top 10 Virginia Mortgage Lenders Compared
| # | Lender | Rate | Fees | Min Credit | Close Time | Best For | VA Presence |
|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 6.09% | $1,200 | 620 | 21 days | Best overall — fastest close, fully digital | All 133 VA counties/cities |
| 2 | Wells Fargo | 6.15% | $1,000 | 620 | 30 days | Best for jumbo loans up to $3M (NOVA) | 100+ VA branches |
| 3 | Capital One | 6.18% | $1,000 | 620 | 30 days | Strong VA presence, HQ in McLean | HQ in NOVA, 50+ branches |
| 4 | Better.com | 6.12% | $0 | 620 | 23 days | Lowest cost — $0 lender fees | Online only |
| 5 | VHDA Lenders (Union Bank) | 6.25% | $900 | 640 | 35 days | Best for first-time buyers (VHDA DPA $20K) | VHDA-approved |
| 6 | Veterans United | 5.25% | $0 | 620 | 30 days | Best for VA loans ($0 down) — huge veteran pop | Online + VA offices |
| 7 | loanDepot | 6.20% | $1,000 | 620 | 25 days | Wide loan variety, strong refinance | 20+ VA loan officers |
| 8 | Chase Bank | 6.22% | $1,200 | 620 | 30 days | Good jumbo rates for NOVA buyers | 80+ VA branches |
| 9 | Guaranteed Rate | 6.15% | $800 | 580 | 25 days | Best for FHA (580 credit accepted) | 15+ VA loan officers |
| 10 | Atlantic Union Bank | 6.20% | $950 | 620 | 30 days | Best local VA bank, strong Richmond presence | HQ in Richmond, 100+ branches |
Rates as of August 3, 2026. 30-year fixed. Actual rates vary by credit score, LTV, and county.
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Get My VA Lender Quotes →VHDA First-Time Buyer Programs in Virginia
VHDA (Virginia Housing Development Authority) offers some of the most generous DPA programs in the US — up to $20,000 as a 0% interest second mortgage.
VHDA Plus Loan
Up to $20,000 DPA as a 0% interest second mortgage (deferred 30 years). Combined with VHDA first mortgage.
- • Max purchase price: $806,500 (most areas)
- • Income limit: $81,000-$155,000 (varies by location)
- • Must be first-time buyer (or not owned in 3 years)
- • 640+ credit score required
VHDA DPA Grant
Up to 2.5% of purchase price as a fully forgivable grant — no repayment required. Available with FHA and conventional loans.
- • Grant forgiven after 3 years of occupancy
- • Can be combined with VHDA first mortgage
- • 640+ credit score
- • Available statewide
Northern Virginia Jumbo Loans (Above $1.2M)
Northern Virginia (Arlington, Fairfax, Loudoun) has median home prices exceeding $700K, with many homes above the $1.2M conforming limit.
| Lender | Max Jumbo | Rate | Min Down | Min Credit |
|---|---|---|---|---|
| Wells Fargo | $3,000,000 | 6.40% | 15% | 680 |
| Bank of America | $2,500,000 | 6.45% | 20% | 700 |
| Chase Bank | $2,000,000 | 6.50% | 20% | 700 |
| Rocket Mortgage | $2,000,000 | 6.55% | 15% | 680 |
Virginia Conforming Loan Limits by County (2026)
| County/City | Conforming Limit | FHA Limit | VA Limit |
|---|---|---|---|
| Arlington | $1,209,750 | $1,149,825 | $1,209,750 |
| Fairfax | $1,209,750 | $1,149,825 | $1,209,750 |
| Loudoun | $1,209,750 | $1,149,825 | $1,209,750 |
| Falls Church City | $1,209,750 | $1,149,825 | $1,209,750 |
| Henrico (Richmond) | $806,500 | $806,500 | $806,500 |
| Virginia Beach City | $806,500 | $806,500 | $806,500 |
| Roanoke | $806,500 | $806,500 | $806,500 |
Limits as of 2026. Source: FHFA, HUD, VA. NOVA counties exceed standard limit due to DC metro prices.
Frequently Asked Questions
What are the best mortgage lenders in Virginia?
Rocket Mortgage (6.09%, best overall), Wells Fargo (best jumbo to $3M for NOVA), Capital One (HQ in McLean, strong VA presence), VHDA lenders (first-time buyer DPA up to $20K), Veterans United (VA $0 down — huge veteran population), Atlantic Union Bank (best local Richmond-based bank).
What is the Virginia conforming loan limit in 2026?
Standard: $806,500 for most VA counties. Northern VA (Arlington, Fairfax, Loudoun, Falls Church): $1,209,750. FHA: up to $1,149,825 in NOVA. VA: $1,209,750 (full entitlement). Above = jumbo loan.
Does Virginia have first-time home buyer programs?
Yes — VHDA offers Plus Loan (DPA up to $20K at 0% interest), DPA Grant (up to 2.5% of price, fully forgivable after 3 years), and Mortgage Credit Certificate (20% tax credit on mortgage interest). Income limits $81K-$155K by location.
How much down payment do I need to buy a house in Virginia?
Conventional: 3% down. FHA: 3.5% down. VA: 0% down (veterans). VHDA: 3% + DPA up to $20K. On $420K median VA home: 20% = $84,000, 3.5% FHA = $14,700, VHDA = potentially $0 out of pocket.
Are jumbo loans common in Northern Virginia?
Yes — NOVA (Arlington, Fairfax, Loudoun) median prices exceed $700K, many above $1.2M conforming limit. Best jumbo lenders: Wells Fargo ($3M), BofA ($2.5M), Chase ($2M), Rocket ($2M). Need 680+ credit, 15-20% down.
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