Virginia Beach FHA Loan Rates, Closing Costs & Stats

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Virginia Beach's 177 lenders originated 5,262 FHA loans during 2024. The total origination value was $1,556,610,000, with an average FHA loan value of $295,821.

    Virginia Beach FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Virginia Beach averaged 6.58% for the week of 2025-04-11, compared to the national average (all FHA variants) of 6.429% for the same period.

    Virginia Beach's average FHA mortgage closing costs are $8,599.

    The average rate for the prior week (2025-04-04) was 6.3% and one month ago for the week of 2025-03-07, the average rate was 6.17%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-04-11, the average rate was 5.87%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Virginia Beach FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Virginia Beach level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 437 6.64% $12,760
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 436 6.61% $12,501
    UNITED WHOLESALE MORTGAGE, LLC 364 6.05% $13,003
    QUICKEN LOANS, LLC 360 6.21% $12,498
    SOUTHERN TRUST MORTGAGE, LLC 238 6.55% $12,493
    FREEDOM MORTGAGE CORPORATION 200 6.36% $12,418
    MOVEMENT MORTGAGE, LLC 199 6.52% $11,816
    NVR Mortgage Finance, Inc. 134 6.06% $13,353
    TIDEWATER MORTGAGE SERVICES, INC. 110 6.41% $11,662
    NEWREZ LLC 96 6.35% $11,885
    PENNYMAC LOAN SERVICES, LLC 89 5.95% $10,460
    FIRST COMMUNITY MORTGAGE, INC. 78 6.56% $11,944
    CROSSCOUNTRY MORTGAGE, LLC 76 6.49% $11,830
    LOANDEPOT.COM, LLC 74 6.22% $12,454
    Atlantic Coast Mortgage, LLC 68 6.50% $13,212
    Advance Financial Group, LLC 66 6.34% $12,984
    Prosperity Home Mortgage, LLC 53 6.29% $11,574
    CARDINAL FINANCIAL 52 6.83% $13,077
    BROKER SOLUTIONS, INC. 49 6.66% $12,677
    Towne Bank 47 6.35% $11,149
    CALCON MUTUAL MORTGAGE LLC 46 6.12% $13,119
    Presidential Bank, FSB 46 6.61% $10,839
    AMERICAN FINANCIAL NETWORK, INC. 43 6.51% $12,073
    Tidewater Home Funding, LLC 42 6.21% $9,230
    C & F Mortgage Corporation 41 6.46% $10,961
    Towne Mortgage, LLC 38 6.32% $11,952
    CMG MORTGAGE, INC. 37 6.26% $11,644
    Carrington Mortgage Services, LLC 36 6.24% $12,643
    MUTUAL OF OMAHA MORTGAGE, INC. 35 6.44% $15,076
    Mr. Cooper ( Nationstar Mortgage ) 34 6.49% $14,103
    HOMESPIRE MORTGAGE CORPORATION 33 6.84% $9,856
    Mortgage Research Center, LLC 31 6.42% $8,348
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 31 6.46% $11,413
    Equity Prime Mortgage LLC 29 6.72% $13,684
    VILLAGE CAPITAL MORTGAGE 28 6.60% $8,745
    MORIA DEVELOPMENT, INC. 26 6.49% $12,414
    LOANPAL, LLC 26 5.82% $11,885
    DRAGAS MORTGAGE COMPANY 26 5.89% $15,215
    The Federal Savings Bank 25 6.41% $13,091
    Flagstar Bank, FSB 23 6.15% $10,230
    AmeriHome Mortgage Company, LLC 23 6.53% $6,285
    EVERETT FINANCIAL, INC. 23 6.53% $10,892
    GUILD MORTGAGE COMPANY 22 6.39% $11,189
    Alcova Mortgage LLC 22 6.95% $7,776
    FIDELITY DIRECT MORTGAGE, LLC 22 6.65% $11,692
    MILEND, INC. 21 6.41% $14,534
    GUARANTEED RATE, INC. 21 6.29% $11,880
    Plains Commerce Bank 19 6.17% $11,732
    CAPITAL CENTER, L.L.C. 19 6.12% $8,154
    LAKEVIEW LOAN SERVICING, LLC 18 6.25% $9,334
    AMERISAVE MORTGAGE CORPORATION 18 6.17% $14,314
    PLANET HOME LENDING, LLC 17 6.32% $9,417
    HOMEBRIDGE FINANCIAL SERVICES, INC. 17 6.53% $11,085
    CITY FIRST MORTGAGE SERVICES, L.L.C. 16 6.95% $12,066
    T2 FINANCIAL LLC 15 6.68% $10,481
    EMM LOANS LLC 14 5.80% $10,970
    Lakeview Community Capital, LLC 14 6.48% $8,527
    PLAZA HOME MORTGAGE, INC. 14 6.44% $16,451
    DHI MORTGAGE COMPANY, LTD. 14 4.80% $14,180
    Truist 13 6.08% $10,070
    Ameris Bank 13 6.57% $10,833
    RELIANCE FIRST CAPITAL, LLC 13 6.50% $13,065
    UNION HOME MORTGAGE CORP. 13 6.63% $14,192
    HOMESIDE FINANCIAL, LLC 12 6.32% $16,687
    EAGLE HOME MORTGAGE, LLC 12 5.64% $12,571
    Sierra Pacific Mortgage Company, Inc. 11 6.66% $10,735
    Fulton Bank 11 6.07% $10,477
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.39% $13,602
    NFM, INC. 10 6.40% $13,465
    AMERICAN FINANCIAL RESOURCES, INC. 10 6.70% $11,925
    Evolve Bank & Trust 10 6.91% $9,874
    Paramount Residential Mortgage Group, Inc. 10 6.65% $10,897
    Cornerstone First Mortgage, Inc 9 6.97% $11,254
    SUN WEST MORTGAGE COMPANY, INC. 9 6.22% $12,518
    EMBRACE HOME LOANS, INC. 9 6.54% $14,159
    MID AMERICA MORTGAGE, INC. 8 7.30% $10,586
    AMERICAN FINANCING CORPORATION 8 5.69% $16,545
    SeaTrust Mortgage Company 8 6.39% $13,116
    ISERVE RESIDENTIAL LENDING, LLC 7 6.93% $12,960
    Virginia Credit Union, Inc. 7 6.34% $8,095
    First Heritage Mortgage, LLC 7 5.96% $12,178
    Wells Fargo Bank 7 6.25% $11,637
    ZILLOW HOME LOANS, LLC 6 6.35% $13,307
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.66% $8,164
    TOWNE MORTGAGE COMPANY 6 6.10% $13,491
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.54% $16,592
    SWBC MORTGAGE CORPORATION 6 6.71% $7,989
    Blue Ridge Bank 6 6.64% $8,825
    LANGLEY 5 6.80% $7,154
    Loan Simple, Inc. 5 7.08% $12,918
    Barrington Bank & Trust Company, N.A. 5 6.25% $12,355
    M&T Bank 5 6.50% $8,271
    NATIONS DIRECT MORTGAGE, LLC 5 6.75% $10,091
    VILLAGE BANK MORTGAGE CORPORATION 5 6.30% $9,391
    Keystone Funding, Inc. 5 6.20% $10,820
    PENTAGON FEDERAL CREDIT UNION 4 6.06% $11,556
    NBKC BANK 4 6.16% $11,987
    INTELLILOAN, INC. 4 6.19% $5,366
    BAY EQUITY LLC 4 6.13% $11,470
    Nations Lending Corporation 4 6.63% $11,399
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.00% $14,468
    U.S. Bank 4 6.56% $10,168
    UNIVERSAL MORTGAGE & FINANCE, INC. 4 5.84% $15,251
    Armed Forces Bank 3 6.46% $9,927
    South State Bank 3 5.58% $17,457
    Century Mortgage Company DBA Century Lending Company 3 6.37% $11,644
    NATION ONE MORTGAGE CORPORATION 3 6.38% $14,524
    PHH Mortgage Corporation 3 6.25% $13,201
    NATIONS RELIABLE LENDING, LLC 3 6.83% $11,785
    United Bank 3 6.41% $11,750
    Waterstone Mortgage Corporation 3 6.54% $13,563
    OCMBC, INC. 3 7.25% $11,175
    FIRST HOME MORTGAGE CORPORATION 3 6.71% $17,923
    LIBERTY HOME MORTGAGE CORPORATION 3 7.04% $14,989
    ALLIED MORTGAGE GROUP, INC. 3 6.54% $12,656
    LOANLEADERS OF AMERICA, INC. 3 6.75% $16,175
    CHURCHILL MORTGAGE CORPORATION 2 6.94% $14,297
    OCEANSIDE MORTGAGE COMPANY 2 6.00% $4,977
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 5.56% $17,813
    STOCKTON MORTGAGE CORPORATION 2 5.94% $16,696
    ONY GLO, INC. 2 5.75% $15,793
    Dollar Bank, Federal Savings Bank 2 6.63% $7,174
    ROYAL UNITED MORTGAGE LLC 2 6.56% $17,851
    Bank of America 2 7.31% $7,900
    NEW DAY FINANCIAL, LLC 2 7.50% $9,715
    Atlantic Union Bank 2 5.44% $10,454
    American Mortgage & Equity Consultants, Inc. 2 6.13% $13,404
    Capital Bank 2 6.00% $10,025
    The Union Bank Company 1 6.13% $10,028
    Acre Mortgage and Financial Inc 1 6.50% $13,438
    ARC HOME LLC 1 6.25% $21,321
    BAY CAPITAL MORTGAGE CORPORATION 1 6.25% $15,620
    BECKAM FUNDING CORP. 1 7.25% $13,587
    BETTER MORTGAGE CORPORATION 1 5.88% $14,646
    BOKF 1 6.63% $9,082
    City Lending Inc. 1 8.00% $16,553
    Civista Bank 1 6.50% $8,473
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.50% $6,506
    DAS Acquisition Company, LLC 1 6.25% $8,974
    DIRECT MORTGAGE LOANS, LLC 1 7.25% $8,758
    East Coast Capital Corp. 1 6.75% $12,380
    First-Citizens Bank & Trust Company 1 5.38% $8,942
    First Federal Bank 1 6.00% $9,680
    First Option Mortgage, LLC 1 6.63% $12,519
    GENEVA FINANCIAL, LLC 1 7.13% $12,226
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $12,289
    GSF Mortgage Corporation 1 5.88% $19,639
    HARTFORD FUNDING, LTD. 1 7.13% $26,440
    HOMESTEAD FUNDING CORP. 1 6.13% $4,790
    Integrity Home Mortgage Corp 1 4.88% $26,135
    INTERCAP LENDING INC. 1 6.13% $14,021
    INTERCOASTAL MORTGAGE COMPANY 1 7.00% $12,836
    Ixonia Bank 1 5.99% $12,629
    JPMorgan Chase Bank 1 6.75% $7,255
    Mid-Continent Funding, Inc. 1 5.75% $16,086
    MORTGAGE INVESTORS GROUP, INC. 1 6.13% $6,395
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.38% $21,720
    NETWORK CAPITAL FUNDING CORPORATION 1 5.63% $14,953
    North American Savings Bank, F.S.B. 1 5.13% $16,966
    Old National Bank 1 5.88% $13,387
    OPEN MORTGAGE, LLC 1 5.75% $11,931
    Performance Financial, Inc. 1 6.75% $11,100
    PNC Bank 1 6.13% $18,641
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $13,240
    Princeton Mortgage Corporation 1 6.75% $8,115
    RANLIFE, INC. 1 6.13% $10,069
    ROSS MORTGAGE CORPORATION 1 6.50% $10,509
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.13% $14,257
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.25% $9,746
    SUMMIT FUNDING, INC. 1 4.88% $8,643
    The Loan Store, Inc. 1 6.13% $11,828
    1ST SIGNATURE LENDING, LLC 1 6.25% $17,256
    TOP FLITE FINANCIAL, INC. 1 6.75% $16,815
    US MORTGAGE CORPORATION 1 6.25% $13,008
    VAN DYK MORTGAGE CORPORATION 1 6.99% $5,951
    Vellum Mortgage, Inc. 1 7.25% $12,483
    Watermark Capital, Inc. 1 6.75% $13,184

    The top Virginia Beach FHA lender as defined by loan originations is AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC, with 437 FHA loans originated. Their average total fees are $12,760, which is $259 higher than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

    The lowest fee Virginia Beach FHA lenders (with over 10 loans originated) are AmeriHome Mortgage Company, LLC ($6,285), Alcova Mortgage LLC ($7,776), CAPITAL CENTER, L.L.C. ($8,154), Mortgage Research Center, LLC ($8,348) and Lakeview Community Capital, LLC ($8,527).

    The lowest rate Virginia Beach FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.80%), EAGLE HOME MORTGAGE, LLC (5.64%), EMM LOANS LLC (5.80%), LOANPAL, LLC (5.82%) and DRAGAS MORTGAGE COMPANY (5.89%).

    Virginia Beach FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CAMDEN 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CURRITUCK 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC GATES 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC GLOUCESTER 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC ISLE OF WIGHT 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC JAMES CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MATHEWS 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC SOUTHAMPTON 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC YORK 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CHESAPEAKE CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC FRANKLIN CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC HAMPTON CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC NEWPORT NEWS CI 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC NORFOLK CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC POQUOSON CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC PORTSMOUTH CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC SUFFOLK CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC VIRGINIA BEACH 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC WILLIAMSBURG CI 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CAMDEN 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CURRITUCK 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC GATES 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC GLOUCESTER 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC ISLE OF WIGHT 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC JAMES CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MATHEWS 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC SOUTHAMPTON 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC YORK 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CHESAPEAKE CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC FRANKLIN CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC HAMPTON CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC NEWPORT NEWS CI 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC NORFOLK CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC POQUOSON CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC PORTSMOUTH CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC SUFFOLK CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC VIRGINIA BEACH 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC WILLIAMSBURG CI 2023 $507,150 $649,250 $784,800 $975,300

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Virginia Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $260,000 (4.0%) $340,882 (4.2%) 0.96 9,205
    2018-02-01 $259,995 (4.0%) $339,275 (3.6%) 0.94 9,362
    2018-03-01 $269,000 (4.1%) $342,891 (3.0%) 0.94 9,664
    2018-04-01 $273,945 (3.4%) $349,135 (2.9%) 0.93 10,044
    2018-05-01 $278,200 (3.3%) $355,174 (3.1%) 0.93 10,269
    2018-06-01 $279,900 (4.1%) $355,931 (2.8%) 0.93 10,620
    2018-07-01 $279,315 (5.4%) $353,190 (3.1%) 0.93 10,771
    2018-08-01 $278,900 (5.3%) $351,477 (3.2%) 0.93 10,771
    2018-09-01 $277,445 (4.9%) $350,596 (3.0%) 0.93 10,537
    2018-10-01 $274,448 (3.6%) $348,100 (1.1%) 0.93 10,489
    2018-11-01 $270,450 (2.4%) $347,315 (1.5%) 0.92 10,125
    2018-12-01 $273,646 (5.3%) $348,736 (2.3%) 0.94 9,627
    2019-01-01 $274,950 (5.8%) $347,793 (2.0%) 0.95 9,131
    2019-02-01 $277,000 (6.5%) $345,141 (1.7%) 0.94 8,604
    2019-03-01 $284,571 (5.8%) $353,272 (3.0%) 0.93 8,950
    2019-04-01 $293,500 (7.1%) $369,962 (6.0%) 0.93 9,310
    2019-05-01 $296,450 (6.6%) $371,881 (4.7%) 0.93 9,808
    2019-06-01 $297,500 (6.3%) $373,247 (4.9%) 0.93 9,904
    2019-07-01 $296,950 (6.3%) $375,079 (6.2%) 0.93 9,739
    2019-08-01 $293,636 (5.3%) $375,060 (6.7%) 0.93 9,426
    2019-09-01 $291,591 (5.1%) $375,199 (7.0%) 0.93 9,042
    2019-10-01 $290,000 (5.7%) $374,812 (7.7%) 0.94 8,740
    2019-11-01 $294,900 (9.0%) $376,348 (8.4%) 0.97 8,234
    2019-12-01 $299,450 (9.4%) $381,557 (9.4%) 1.00 7,211
    2020-01-01 $298,480 (8.6%) $380,462 (9.4%) 1.00 6,719
    2020-02-01 $299,040 (8.0%) $383,580 (11.1%) 0.98 6,781
    2020-03-01 $300,000 (5.4%) $384,312 (8.8%) 0.94 6,922
    2020-04-01 $304,650 (3.8%) $386,587 (4.5%) 0.95 6,920
    2020-05-01 $313,000 (5.6%) $395,352 (6.3%) 0.95 6,668
    2020-06-01 $321,835 (8.2%) $407,646 (9.2%) 0.95 6,123
    2020-07-01 $324,900 (9.4%) $408,697 (9.0%) 0.94 5,817
    2020-08-01 $324,900 (10.7%) $414,769 (10.6%) 0.93 5,274
    2020-09-01 $320,643 (10.0%) $411,239 (9.6%) 0.92 5,033
    2020-10-01 $310,000 (6.9%) $409,313 (9.2%) 0.89 4,763
    2020-11-01 $305,000 (3.4%) $409,994 (8.9%) 0.89 4,599
    2020-12-01 $299,900 (0.2%) $403,333 (5.7%) 0.89 4,159
    2021-01-01 $299,900 (0.5%) $401,580 (5.6%) 0.90 3,714
    2021-02-01 $299,945 (0.3%) $405,023 (5.6%) 0.87 3,450
    2021-03-01 $300,029 (0.0%) $406,184 (5.7%) 0.85 3,282
    2021-04-01 $309,675 (1.7%) $404,962 (4.8%) 0.84 3,466
    2021-05-01 $309,990 (-1.0%) $412,839 (4.4%) 0.82 3,530
    2021-06-01 $309,498 (-3.8%) $412,026 (1.1%) 0.81 3,823
    2021-07-01 $305,000 (-6.1%) $409,707 (0.3%) 0.80 4,100
    2021-08-01 $299,950 (-7.7%) $409,406 (-1.3%) 0.80 4,289
    2021-09-01 $304,375 (-5.1%) $415,364 (1.0%) 0.81 4,221
    2021-10-01 $302,500 (-2.4%) $416,194 (1.7%) 0.81 3,980
    2021-11-01 $300,000 (-1.6%) $413,170 (0.8%) 0.80 3,627
    2021-12-01 $302,967 (1.0%) $412,761 (2.3%) 0.82 3,083
    2022-01-01 $313,980 (4.7%) $421,724 (5.0%) 0.85 2,521
    2022-02-01 $319,950 (6.7%) $423,194 (4.5%) 0.83 2,248
    2022-03-01 $327,475 (9.2%) $433,172 (6.6%) 0.82 2,211
    2022-04-01 $340,000 (9.8%) $446,815 (10.3%) 0.81 2,353
    2022-05-01 $350,000 (12.9%) $455,429 (10.3%) 0.80 2,828
    2022-06-01 $350,000 (13.1%) $461,450 (12.0%) 0.78 3,213
    2022-07-01 $350,000 (14.8%) $468,659 (14.4%) 0.79 3,621
    2022-08-01 $349,950 (16.7%) $467,607 (14.2%) 0.81 3,707
    2022-09-01 $349,950 (15.0%) $464,891 (11.9%) 0.82 3,602
    2022-10-01 $359,900 (19.0%) $472,325 (13.5%) 0.85 3,522
    2022-11-01 $359,950 (20.0%) $466,504 (12.9%) 0.87 3,634
    2022-12-01 $360,000 (18.8%) $465,540 (12.8%) 0.89 3,342
    2023-01-01 $369,000 (17.5%) $468,774 (11.2%) 0.91 2,978
    2023-02-01 $374,450 (17.0%) $471,884 (11.5%) 0.90 2,811
    2023-03-01 $374,950 (14.5%) $477,464 (10.2%) 0.88 2,716
    2023-04-01 $385,000 (13.2%) $492,570 (10.2%) 0.90 2,742
    2023-05-01 $387,450 (10.7%) $502,563 (10.4%) 0.88 2,745
    2023-06-01 $399,000 (14.0%) $520,453 (12.8%) 0.90 2,896
    2023-07-01 $395,000 (12.9%) $514,444 (9.8%) 0.90 3,027
    2023-08-01 $386,563 (10.5%) $501,945 (7.3%) 0.89 3,664
    2023-09-01 $380,000 (8.6%) $497,787 (7.1%) 0.88 3,521
    2023-10-01 $374,950 (4.2%) $480,119 (1.7%) 0.88 3,446
    2023-11-01 $379,450 (5.4%) $482,230 (3.4%) 0.90 3,586
    2023-12-01 $379,000 (5.3%) $481,355 (3.4%) 0.92 3,463
    2024-01-01 $378,995 (2.7%) $484,837 (3.4%) 0.93 3,117
    2024-02-01 $387,223 (3.4%) $494,149 (4.7%) 0.93 3,083
    2024-03-01 $395,000 (5.4%) $515,597 (8.0%) 0.93 3,130
    2024-04-01 $394,995 (2.6%) $513,348 (4.2%) 0.92 3,233
    2024-05-01 $393,750 (1.6%) $524,521 (4.4%) 0.90 3,535
    2024-06-01 $394,500 (-1.1%) $518,792 (-0.3%) 0.90 3,721
    2024-07-01 $397,225 (0.6%) $522,888 (1.6%) 0.91 4,033
    2024-08-01 $395,000 (2.2%) $517,458 (3.1%) 0.92 4,415
    2024-09-01 $394,400 (3.8%) $510,971 (2.7%) 0.93 4,462
    2024-10-01 $395,450 (5.5%) $516,935 (7.7%) 0.93 4,494
    2024-11-01 $390,000 (2.8%) $513,504 (6.5%) 0.94 4,593
    2024-12-01 $389,950 (2.9%) $518,111 (7.6%) 0.97 4,050
    2025-01-01 $389,450 (2.8%) $515,174 (6.3%) 0.97 3,809
    2025-02-01 $392,500 (1.4%) $515,376 (4.3%) 0.95 3,921
    2025-03-01 $399,966 (1.3%) $527,695 (2.4%) 0.00 3,944
    Virginia Beach's median listing price for 2025-03-01 was $399,966, a difference of $4,966 (1.3%) versus the prior year and $7,466 versus the prior month.

    Virginia Beach's median listing price comes in at 0% of the national average.

    Virginia Beach's average listing price for 2025-03-01 was $527,695, a difference of $12,098 (2.4%) versus the prior year and $12,319 versus the prior month.

    For the 2025-03-01 period, Virginia Beach had 3,944 MLS listings, a difference of 23 listings (1%) versus the prior month and 814 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Virginia Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 78 days 1,949 sqft
    2018-02-01 67 days 1,941 sqft
    2018-03-01 51 days 1,970 sqft
    2018-04-01 47 days 1,997 sqft
    2018-05-01 45 days 2,000 sqft
    2018-06-01 47 days 2,000 sqft
    2018-07-01 52 days 2,000 sqft
    2018-08-01 57 days 1,999 sqft
    2018-09-01 59 days 2,000 sqft
    2018-10-01 61 days 1,981 sqft
    2018-11-01 62 days 1,980 sqft
    2018-12-01 70 days 1,976 sqft
    2019-01-01 72 days 1,977 sqft
    2019-02-01 63 days 1,987 sqft
    2019-03-01 48 days 2,008 sqft
    2019-04-01 43 days 2,036 sqft
    2019-05-01 43 days 2,036 sqft
    2019-06-01 45 days 2,036 sqft
    2019-07-01 52 days 2,020 sqft
    2019-08-01 54 days 2,005 sqft
    2019-09-01 56 days 2,002 sqft
    2019-10-01 57 days 2,000 sqft
    2019-11-01 58 days 2,003 sqft
    2019-12-01 66 days 2,026 sqft
    2020-01-01 69 days 2,005 sqft
    2020-02-01 50 days 2,005 sqft
    2020-03-01 44 days 2,030 sqft
    2020-04-01 48 days 2,037 sqft
    2020-05-01 53 days 2,054 sqft
    2020-06-01 47 days 2,075 sqft
    2020-07-01 42 days 2,057 sqft
    2020-08-01 38 days 2,054 sqft
    2020-09-01 38 days 2,014 sqft
    2020-10-01 39 days 1,975 sqft
    2020-11-01 39 days 1,936 sqft
    2020-12-01 45 days 1,899 sqft
    2021-01-01 46 days 1,876 sqft
    2021-02-01 35 days 1,841 sqft
    2021-03-01 29 days 1,857 sqft
    2021-04-01 26 days 1,871 sqft
    2021-05-01 23 days 1,868 sqft
    2021-06-01 25 days 1,857 sqft
    2021-07-01 26 days 1,824 sqft
    2021-08-01 28 days 1,800 sqft
    2021-09-01 31 days 1,800 sqft
    2021-10-01 31 days 1,798 sqft
    2021-11-01 33 days 1,768 sqft
    2021-12-01 37 days 1,779 sqft
    2022-01-01 40 days 1,800 sqft
    2022-02-01 26 days 1,800 sqft
    2022-03-01 22 days 1,822 sqft
    2022-04-01 19 days 1,854 sqft
    2022-05-01 21 days 1,885 sqft
    2022-06-01 23 days 1,900 sqft
    2022-07-01 26 days 1,903 sqft
    2022-08-01 33 days 1,921 sqft
    2022-09-01 37 days 1,911 sqft
    2022-10-01 37 days 1,944 sqft
    2022-11-01 39 days 1,947 sqft
    2022-12-01 49 days 1,946 sqft
    2023-01-01 52 days 1,951 sqft
    2023-02-01 38 days 1,955 sqft
    2023-03-01 38 days 1,969 sqft
    2023-04-01 30 days 2,000 sqft
    2023-05-01 29 days 2,016 sqft
    2023-06-01 29 days 2,031 sqft
    2023-07-01 32 days 2,010 sqft
    2023-08-01 31 days 1,960 sqft
    2023-09-01 36 days 1,972 sqft
    2023-10-01 39 days 1,927 sqft
    2023-11-01 38 days 1,941 sqft
    2023-12-01 45 days 1,938 sqft
    2024-01-01 49 days 1,922 sqft
    2024-02-01 37 days 1,942 sqft
    2024-03-01 34 days 1,962 sqft
    2024-04-01 32 days 1,936 sqft
    2024-05-01 30 days 1,924 sqft
    2024-06-01 32 days 1,900 sqft
    2024-07-01 35 days 1,908 sqft
    2024-08-01 36 days 1,908 sqft
    2024-09-01 41 days 1,899 sqft
    2024-10-01 43 days 1,894 sqft
    2024-11-01 44 days 1,868 sqft
    2024-12-01 47 days 1,861 sqft
    2025-01-01 52 days 1,843 sqft
    2025-02-01 39 days 1,840 sqft
    2025-03-01 0 days 1,875 sqft
    Virginia Beach's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Virginia Beach's median square footage for active listings during the 2025-03-01 period was 1,875 sqft. One year prior, the average listing was 1,962 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).