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Are you a first-time homebuyer Virginia? Are you a repeat home buyer looking for the best mortgage rates in Virginia? Want to know the current mortgage rates Virginia? You are at the right place because, at Total Mortgage, we are here to assist you with house financing programs. Allow our team of experts to show you the way to your dream home with numerous interesting first-time home buyer grants Virginia. Call us today to see how you can study and compare today's mortgage rates in Virginia to make your household dream a real possibility.

What our Virginia clients say

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Sampson was extremely helpful in guiding me through my house mortgage.

Leslie D.

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My van got stuck in the grass and I wasn't sure how I was going to get it out. Out of nowhere, Blaine pulled over, offered to help, and used his pickup truck to tow me out. He didn't have to stop, but he did, and he stayed until the van was free. That kind of generosity toward a total stranger says a lot about his character. I didn't meet Blaine through a mortgage, but if he treats his clients with even half the care he showed me, you're in great hands with him at Total Mortgage. Thank you, Blaine!

Samir J.

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My adventure with Total Mortgage was flawless. I started looking in one state then transferred to another state. They had easily moved my file internally from one contact to the other licensed to the state I wanted to buy a home in. Both locations were quick to respond to any questions I had making the process that much easier to complete. Should I ever find a need to obtain a mortgage again I will reach back out to Total Mortgage. Thank you!

Andrew T.

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I cannot say enough great things about my experience with Denise and Total Mortgage. From start to finish, the entire process was seamless, straightforward, and surprisingly easy. Denise was absolutely fantastic throughout the entire process. She was always positive, responsive, engaged, and genuinely a pleasure to communicate with. She kept everything moving, answered my questions, and made sure I always understood where we were in the process. Instead of feeling stressful or overwhelming, she made the experience feel personal and manageable. After dealing with traditional banks and all of the red tape, delays, and frustration that can come along with them, working with Denise was a completely different experience. I can honestly say that she made the mortgage process enjoyable, which is something I never thought I would say! I would highly recommend Denise and Total Mortgage to anyone looking for a mortgage or refinance—especially if you are tired of dealing with the traditional banking system and want someone who is responsive, knowledgeable, positive, and truly engaged from beginning to end. Thank you, Denise, for making this such a great experience. You absolutely earned a five-star review and my highest recommendation!

Matt C.

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Kevin and his mortgage team are one of the best in the business—reliable, responsive, knowledgeable, efficient, and professional throughout the entire process. All of our clients love working with him. Highly recommend!

Bill S.

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Samson and Matthew took on a lot with this purchase, yet they handled everything perfectly. I truly appreciate what the team did.

Tommy K.

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Terry is the best. Makes the process so easy.

Christian U.

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If you need a loan officer at Total Morgage, ask for Blaine. Young, energetic, professional and on top of everything. He made our closing smooth, fast, and stress-free. He helped both me and a close family member — both were flawless. 10/10!

Wills P.

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Very helpful and professional.

Victoria H.

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Scott came recommended to me by family and treated me like I was part of his. He was there for every part of the home buying process, even the closing day signatures! He gave me professional advice and excellent communication as well as timely paperwork. I would highly suggest Scott and his entire team to handle your mortgage needs. He was an integral part my first home purchase success!

Amy B.

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Frequently asked questions about Virginia mortgages

What is considered a good mortgage interest rate?

When exploring mortgage rates, it's essential to evaluate not only the interest rate but also consider additional loan terms such as annual percentage rates (APRs), fees, and closing costs. A comprehensive comparison of loan specifics from multiple lenders is crucial in identifying the most advantageous deal tailored to your circumstances.

Should I lock my mortgage rate?

Mortgage rates are subject to frequent and unpredictable changes. Contemplating locking your mortgage rate may be prudent under the following conditions:

  • Rising rates: If there's a sustained upward trend in rates over several weeks or months, securing your rate ensures it won't exceed the initially qualified rate.
  • Federal Reserve meeting: Anticipating a potential rate increase during a Federal Reserve meeting, consider locking your rate before the meeting for financial security.
  • Desire for financial certainty: Locking your rate guarantees a stable monthly mortgage payment, shielding you from unexpected changes.
  • Set closing date: If your closing date is fixed with no expected delays, securing your rate is a strategic decision.

How long does a mortgage rate lock last?

The specific lock-in period may vary, but generally, you can secure a mortgage rate for 30 to 60 days. Once the rate lock expires, unless the lender agrees to an extension, the initially locked rate is no longer guaranteed. Changes in factors like credit score, loan amount, debt-to-income ratio, or appraisal value during the lock-in period could potentially void the initial rate lock.

Is it possible for me to negotiate my mortgage rates?

Depending on your credit qualifications and willingness to obtain quotes from multiple lenders, negotiating a lower mortgage rate may be feasible. Another option is purchasing mortgage points, where paying a percentage of the interest upfront can reduce the interest rate and monthly payments. A mortgage point is equivalent to approximately 1% of the total loan amount, translating to around $2,500 on a $250,000 loan.

How are interest rates determined?

Lenders establish interest rates for their loan products, influenced by factors such as the Federal Reserve's actions, economic conditions, and consumer demand. Changes in short-term rates by the Federal Reserve can prompt lenders to adjust mortgage rates. Individual considerations, including credit score, down payment, income, as well as the varying levels of risk and operational expenses for lenders, can also impact mortgage rates.

How frequently do mortgage rates change?

Mortgage rates can vary daily, influenced by factors like inflation, the bond market, and the overall housing market.

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