Richmond VA Loan Rates, Closing Costs & Stats

RICHMOND, VA

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Richmond's 169 lenders originated 3,037 VA loans during 2024. The total origination value was $1,207,745,000, with an average VA loan value of $397,677.

    Richmond VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Richmond averaged 6.75% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Richmond's average VA mortgage closing costs are $6,707.

    The average rate for the prior week (2025-07-04) was 6.56% and one month ago for the week of 2025-06-06, the average rate was 6.93%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.25%.

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

    Richmond VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 305 6.38% $6,864
    UNITED WHOLESALE MORTGAGE, LLC 251 5.86% $10,025
    FREEDOM MORTGAGE CORPORATION 194 6.09% $10,537
    QUICKEN LOANS, LLC 184 6.07% $11,579
    NAVY FEDERAL CREDIT UNION 123 5.84% $7,417
    PENNYMAC LOAN SERVICES, LLC 119 5.60% $7,887
    NVR Mortgage Finance, Inc. 117 6.14% $7,269
    MOVEMENT MORTGAGE, LLC 85 6.21% $10,717
    VILLAGE CAPITAL MORTGAGE 71 5.64% $8,015
    Prosperity Home Mortgage, LLC 67 6.15% $7,051
    NEWREZ LLC 54 6.23% $9,609
    DHI MORTGAGE COMPANY, LTD. 53 5.14% $13,306
    LOANDEPOT.COM, LLC 53 6.01% $11,812
    NEW DAY FINANCIAL, LLC 51 7.45% $13,810
    NFM, INC. 49 6.30% $10,612
    C & F Mortgage Corporation 41 6.42% $11,889
    Presidential Bank, FSB 41 6.27% $8,842
    USAA Federal Savings Bank 39 6.16% $11,514
    First Heritage Mortgage, LLC 38 6.13% $10,034
    Alcova Mortgage LLC 37 6.48% $8,621
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 36 6.38% $6,863
    Truist 35 6.15% $11,813
    CMG MORTGAGE, INC. 35 6.19% $10,622
    SOUTHERN TRUST MORTGAGE, LLC 31 6.49% $10,747
    PLANET HOME LENDING, LLC 27 5.80% $4,579
    United Bank 25 6.09% $11,009
    The Federal Savings Bank 25 6.43% $15,052
    AMERICAN FINANCIAL NETWORK, INC. 25 6.36% $7,262
    U.S. Bank 23 6.33% $7,761
    CAPITAL CENTER, L.L.C. 23 5.93% $6,893
    CROSSCOUNTRY MORTGAGE, LLC 22 6.23% $9,380
    Towne First Mortgage, LLC 22 6.42% $10,100
    Virginia Credit Union, Inc. 21 6.29% $9,811
    Mr. Cooper ( Nationstar Mortgage ) 17 6.49% $9,399
    CLEARPATH LENDING 16 5.73% $6,848
    GUILD MORTGAGE COMPANY 15 6.36% $11,138
    SUN WEST MORTGAGE COMPANY, INC. 15 6.20% $8,091
    Ameris Bank 15 6.08% $9,611
    Atlantic Coast Mortgage, LLC 15 6.21% $13,160
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.30% $5,287
    VILLAGE BANK MORTGAGE CORPORATION 14 6.33% $8,449
    GUARANTEED RATE, INC. 12 6.08% $5,006
    EAGLE HOME MORTGAGE, LLC 12 5.08% $5,588
    TIDEWATER MORTGAGE SERVICES, INC. 11 6.24% $12,037
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 6.61% $5,935
    CALCON MUTUAL MORTGAGE LLC 11 6.40% $13,437
    MUTUAL OF OMAHA MORTGAGE, INC. 10 6.31% $16,226
    Equity Prime Mortgage LLC 10 6.88% $11,251
    LAKEVIEW LOAN SERVICING, LLC 10 5.62% $5,855
    Towne Bank 10 6.30% $9,173
    Tidewater Home Funding, LLC 10 6.08% $5,871
    BROKER SOLUTIONS, INC. 9 6.68% $8,726
    PENTAGON FEDERAL CREDIT UNION 9 6.08% $10,114
    Integrity Home Mortgage Corp 9 6.33% $9,252
    Magnolia Bank 9 5.97% $15,843
    RELIANCE FIRST CAPITAL, LLC 8 6.80% $15,341
    FIRST HOME MORTGAGE CORPORATION 7 6.38% $13,077
    Cornerstone First Mortgage, Inc 7 6.25% $17,029
    Barrington Bank & Trust Company, N.A. 7 6.11% $7,130
    Carrington Mortgage Services, LLC 7 6.13% $13,557
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.43% $7,536
    Wells Fargo Bank 7 6.29% $5,777
    MASON MCDUFFIE MORTGAGE CORPORATION 7 6.30% $12,230
    First Federal Bank 7 5.89% $7,871
    AmeriHome Mortgage Company, LLC 7 6.11% $5,850
    Lakeview Community Capital, LLC 6 5.67% $6,703
    BAY EQUITY LLC 6 6.75% $7,652
    NBKC BANK 6 5.87% $5,843
    GENEVA FINANCIAL, LLC 5 6.25% $22,604
    Mid-Continent Funding, Inc. 5 5.87% $8,373
    FIRST COMMUNITY MORTGAGE, INC. 5 6.35% $8,045
    PLAZA HOME MORTGAGE, INC. 5 6.42% $13,936
    LOANPAL, LLC 4 5.56% $13,045
    Atlantic Union Bank 4 6.06% $7,593
    NATIONS DIRECT MORTGAGE, LLC 4 6.15% $6,318
    MORIA DEVELOPMENT, INC. 4 6.31% $7,424
    Flagstar Bank, FSB 4 6.13% $20,326
    LEGEND LENDING CORPORATION 4 6.00% $11,795
    HOMESIDE FINANCIAL, LLC 4 6.47% $10,355
    AMERISAVE MORTGAGE CORPORATION 4 5.78% $17,787
    Waterstone Mortgage Corporation 4 6.75% $10,196
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.31% $6,846
    PREMIA MORTGAGE, LLC 3 5.67% $7,698
    Century Mortgage Company DBA Century Lending Company 3 6.00% $4,515
    C&F Select LLC 3 6.42% $7,961
    GoPrime Mortgage, Inc. 3 5.83% $9,847
    INTELLILOAN, INC. 3 6.29% $2,256
    MEMBER ADVANTAGE MORTGAGE, LLC 3 6.42% $6,076
    Nations Lending Corporation 3 6.08% $10,694
    Texana Bank 3 6.17% $17,751
    The Loan Store, Inc. 3 6.12% $10,129
    Towne Mortgage, LLC 3 5.96% $16,278
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 5.88% $4,235
    INTERCOASTAL MORTGAGE COMPANY 2 6.44% $8,213
    MILEND, INC. 2 6.63% $24,308
    MLD MORTGAGE INC. 2 5.88% $4,900
    HOMESPIRE MORTGAGE CORPORATION 2 7.00% $13,583
    HomePromise Corporation 2 7.88% $4,239
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.38% $1,626
    HOMEAMERICAN MORTGAGE CORPORATION 2 5.00% $2,322
    M&T Bank 2 6.50% $5,362
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.69% $9,982
    V.I.P. MORTGAGE, INC. 2 6.44% $5,501
    NETWORK CAPITAL FUNDING CORPORATION 2 6.00% $6,568
    First National Bank of Pennsylvania 2 6.25% $9,726
    NORWICH COMMERCIAL GROUP, INC. 2 5.88% $5,637
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 5.81% $11,843
    Paramount Residential Mortgage Group, Inc. 2 5.63% $3,702
    FIDELITY DIRECT MORTGAGE, LLC 2 7.00% $12,219
    FBC MORTGAGE, LLC 2 6.13% $7,379
    Plains Commerce Bank 2 5.69% $20,261
    EVERETT FINANCIAL, INC. 2 6.25% $11,177
    DAS Acquisition Company, LLC 2 6.94% $4,205
    Shore United Bank 2 5.63% $6,603
    Credence Funding Corporation 2 6.00% $6,288
    South State Bank 2 6.25% $7,244
    SUCCESS MORTGAGE PARTNERS, INC. 2 5.99% $15,825
    CityWorth Mortgage LLC 2 6.75% $11,727
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.19% $3,205
    The Central Trust Bank 2 6.19% $10,606
    The Freedom Bank of Virginia 2 5.88% $9,112
    Citizens Bank 2 5.75% $10,753
    CARDINAL FINANCIAL 2 7.25% $14,506
    TJC Mortgage, Inc. 2 6.00% $8,737
    UNION HOME MORTGAGE CORP. 2 6.06% $16,761
    AMERICAN FINANCING CORPORATION 2 6.12% $12,237
    Meridian Bank Corporation 2 5.69% $6,892
    MID AMERICA MORTGAGE, INC. 2 5.63% $10,158
    EMBRACE HOME LOANS, INC. 1 5.75% $14,466
    Eagle Bank and Trust Company 1 5.88% $19,777
    Dominion Capital Mortgage Inc. 1 5.63% $5,448
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $8,191
    ROSS MORTGAGE CORPORATION 1 6.50% $10,948
    SeaTrust Mortgage Company 1 5.75% $7,944
    Bank of America 1 5.50% $9,938
    JPMorgan Chase Bank 1 5.75% $4,692
    AXIA FINANCIAL, LLC 1 6.13% $5,869
    SOUTHWEST STAGE FUNDING, LLC 1 5.88% $6,930
    MORTGAGEONE, INC. 1 7.75% $8,278
    Armed Forces Bank 1 5.50% $16,227
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $16,982
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.25% $17,495
    SWBC MORTGAGE CORPORATION 1 6.63% $6,075
    T2 FINANCIAL LLC 1 6.25% $16,820
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $15,808
    GUARANTEED RATE AFFINITY, LLC 1 5.50% $8,063
    Willamette Valley Bank 1 6.75% $9,131
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $13,098
    GSF Mortgage Corporation 1 5.75% $12
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.38% $4,169
    City Lending Inc. 1 7.13% $18,049
    Fulton Bank 1 6.63% $4,185
    First Reliance Bank 1 5.75% $3,074
    NexBank 1 6.63% $12,703
    Vellum Mortgage, Inc. 1 7.00% $11,621
    ALLIANT CREDIT UNION 1 5.88% $11,475
    American Mortgage & Equity Consultants, Inc. 1 6.25% $17,739
    ONY GLO, INC. 1 6.50% $6,666
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $32,393
    Loan Simple, Inc. 1 6.13% $16,616
    LOANLEADERS OF AMERICA, INC. 1 5.75% $6,089
    BOND STREET MORTGAGE, LLC 1 6.25% $6,739
    PHH Mortgage Corporation 1 5.63% $9,840
    BETTER MORTGAGE CORPORATION 1 6.50% $2,968
    TOWNE MORTGAGE COMPANY 1 5.88% $7,992
    EVANSVILLE TEACHERS 1 6.25% $15,524
    PNC Bank 1 6.50% $4,280
    Advance Financial Group, LLC 1 6.13% $5,005
    ENVOY MORTGAGE, LTD 1 6.63% $24,341

    The top Richmond VA lender as defined by loan originations is Mortgage Research Center, LLC, with 305 VA loans originated. Their average total fees are $6,864, which is $3,161 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Richmond VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,579), GUARANTEED RATE, INC. ($5,006), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,287), EAGLE HOME MORTGAGE, LLC ($5,588) and LAKEVIEW LOAN SERVICING, LLC ($5,855).

    The lowest rate Richmond VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.08%), DHI MORTGAGE COMPANY, LTD. (5.14%), PENNYMAC LOAN SERVICES, LLC (5.60%), LAKEVIEW LOAN SERVICING, LLC (5.62%) and VILLAGE CAPITAL MORTGAGE (5.64%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Richmond (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 $290,306 (8.0%) $344,498 (7.0%) 1.08 3,178
    2018-02-01 $299,970 (8.1%) $354,785 (6.0%) 1.09 3,144
    2018-03-01 $314,625 (8.5%) $366,208 (5.7%) 1.10 3,247
    2018-04-01 $323,239 (8.7%) $375,492 (7.6%) 1.10 3,404
    2018-05-01 $324,975 (8.3%) $382,454 (7.3%) 1.09 3,663
    2018-06-01 $319,990 (6.7%) $379,835 (7.2%) 1.07 3,940
    2018-07-01 $324,700 (8.6%) $379,715 (8.3%) 1.08 4,075
    2018-08-01 $314,622 (7.3%) $371,634 (7.7%) 1.05 4,217
    2018-09-01 $309,900 (4.4%) $367,402 (5.1%) 1.04 4,280
    2018-10-01 $304,950 (2.6%) $360,806 (2.7%) 1.03 4,329
    2018-11-01 $308,024 (4.4%) $364,646 (3.8%) 1.04 4,228
    2018-12-01 $309,950 (6.9%) $364,039 (4.7%) 1.07 3,821
    2019-01-01 $309,950 (6.8%) $359,273 (4.3%) 1.07 3,420
    2019-02-01 $319,500 (6.5%) $369,356 (4.1%) 1.08 3,361
    2019-03-01 $327,114 (4.0%) $376,429 (2.8%) 1.07 3,458
    2019-04-01 $334,500 (3.5%) $384,241 (2.3%) 1.06 3,588
    2019-05-01 $337,988 (4.0%) $390,929 (2.2%) 1.06 3,779
    2019-06-01 $335,000 (4.7%) $389,974 (2.7%) 1.05 3,875
    2019-07-01 $332,450 (2.4%) $386,136 (1.7%) 1.04 3,988
    2019-08-01 $326,182 (3.7%) $379,491 (2.1%) 1.03 4,069
    2019-09-01 $322,705 (4.1%) $377,916 (2.9%) 1.03 4,118
    2019-10-01 $319,975 (4.9%) $375,858 (4.2%) 1.03 4,181
    2019-11-01 $315,900 (2.6%) $371,921 (2.0%) 1.04 3,959
    2019-12-01 $322,698 (4.1%) $373,853 (2.7%) 1.08 3,468
    2020-01-01 $324,950 (4.8%) $373,865 (4.1%) 1.09 3,068
    2020-02-01 $332,065 (3.9%) $389,115 (5.4%) 1.09 2,900
    2020-03-01 $346,462 (5.9%) $406,699 (8.0%) 1.09 3,021
    2020-04-01 $349,454 (4.5%) $405,239 (5.5%) 1.09 3,215
    2020-05-01 $356,573 (5.5%) $414,592 (6.1%) 1.08 3,085
    2020-06-01 $359,495 (7.3%) $420,095 (7.7%) 1.06 2,742
    2020-07-01 $358,914 (8.0%) $420,939 (9.0%) 1.04 2,530
    2020-08-01 $359,900 (10.3%) $424,220 (11.8%) 1.03 2,325
    2020-09-01 $356,423 (10.5%) $423,226 (12.0%) 1.02 2,260
    2020-10-01 $360,000 (12.5%) $428,469 (14.0%) 1.03 2,198
    2020-11-01 $362,425 (14.7%) $429,055 (15.4%) 1.06 2,086
    2020-12-01 $364,975 (13.1%) $430,151 (15.1%) 1.09 1,858
    2021-01-01 $368,995 (13.6%) $429,757 (15.0%) 1.10 1,594
    2021-02-01 $370,422 (11.6%) $434,443 (11.7%) 1.08 1,421
    2021-03-01 $369,750 (6.7%) $438,656 (7.9%) 1.05 1,421
    2021-04-01 $366,973 (5.0%) $433,418 (7.0%) 0.99 1,441
    2021-05-01 $357,991 (0.4%) $426,121 (2.8%) 0.95 1,536
    2021-06-01 $350,001 (-2.6%) $425,637 (1.3%) 0.92 1,663
    2021-07-01 $349,000 (-2.8%) $418,632 (-0.6%) 0.92 1,795
    2021-08-01 $349,950 (-2.8%) $420,769 (-0.8%) 0.93 1,837
    2021-09-01 $349,950 (-1.8%) $421,469 (-0.4%) 0.93 1,811
    2021-10-01 $350,000 (-2.8%) $419,803 (-2.0%) 0.93 1,700
    2021-11-01 $350,800 (-3.2%) $422,452 (-1.5%) 0.94 1,571
    2021-12-01 $353,675 (-3.1%) $425,378 (-1.1%) 0.96 1,263
    2022-01-01 $367,252 (-0.5%) $441,049 (2.6%) 0.99 1,035
    2022-02-01 $367,495 (-0.8%) $443,725 (2.1%) 0.96 935
    2022-03-01 $359,778 (-2.7%) $437,655 (-0.2%) 0.90 974
    2022-04-01 $371,925 (1.4%) $450,446 (3.9%) 0.89 1,082
    2022-05-01 $381,801 (6.7%) $460,840 (8.2%) 0.87 1,244
    2022-06-01 $394,823 (12.8%) $468,128 (10.0%) 0.88 1,506
    2022-07-01 $393,365 (12.7%) $458,758 (9.6%) 0.89 1,774
    2022-08-01 $386,853 (10.6%) $463,235 (10.1%) 0.89 1,793
    2022-09-01 $381,925 (9.1%) $458,347 (8.8%) 0.89 1,848
    2022-10-01 $379,970 (8.6%) $460,089 (9.6%) 0.89 1,920
    2022-11-01 $379,913 (8.3%) $450,912 (6.7%) 0.91 2,026
    2022-12-01 $378,088 (6.9%) $449,078 (5.6%) 0.93 1,874
    2023-01-01 $381,169 (3.8%) $449,693 (2.0%) 0.94 1,651
    2023-02-01 $392,500 (6.8%) $464,029 (4.6%) 0.95 1,495
    2023-03-01 $402,445 (11.9%) $476,545 (8.9%) 0.95 1,482
    2023-04-01 $424,950 (14.3%) $502,424 (11.5%) 0.99 1,482
    2023-05-01 $441,200 (15.6%) $517,954 (12.4%) 1.00 1,497
    2023-06-01 $442,258 (12.0%) $522,251 (11.6%) 0.99 1,545
    2023-07-01 $439,900 (11.8%) $518,132 (12.9%) 1.00 1,593
    2023-08-01 $439,125 (13.5%) $507,473 (9.6%) 1.01 1,686
    2023-09-01 $439,450 (15.1%) $513,561 (12.1%) 1.02 1,842
    2023-10-01 $435,000 (14.5%) $518,506 (12.7%) 1.02 2,077
    2023-11-01 $442,270 (16.4%) $525,444 (16.5%) 1.05 2,058
    2023-12-01 $429,999 (13.7%) $511,200 (13.8%) 1.05 1,961
    2024-01-01 $442,970 (16.2%) $521,418 (16.0%) 1.08 1,725
    2024-02-01 $448,678 (14.3%) $528,085 (13.8%) 1.08 1,664
    2024-03-01 $450,000 (11.8%) $535,978 (12.5%) 1.06 1,612
    2024-04-01 $458,767 (8.0%) $544,481 (8.4%) 1.07 1,762
    2024-05-01 $465,000 (5.4%) $552,434 (6.7%) 1.06 2,021
    2024-06-01 $464,091 (4.9%) $553,400 (6.0%) 1.06 2,147
    2024-07-01 $459,365 (4.4%) $542,399 (4.7%) 1.05 2,212
    2024-08-01 $449,990 (2.5%) $533,575 (5.1%) 1.05 2,256
    2024-09-01 $442,475 (0.7%) $519,342 (1.1%) 1.04 2,348
    2024-10-01 $443,450 (1.9%) $519,926 (0.3%) 1.04 2,402
    2024-11-01 $429,900 (-2.8%) $507,186 (-3.5%) 1.03 2,446
    2024-12-01 $419,950 (-2.3%) $496,899 (-2.8%) 1.04 2,161
    2025-01-01 $421,225 (-4.9%) $495,419 (-5.0%) 1.05 1,957
    2025-02-01 $429,653 (-4.2%) $504,526 (-4.5%) 1.04 1,944
    2025-03-01 $444,900 (-1.1%) $518,691 (-3.2%) 1.05 1,967
    2025-04-01 $458,950 (0.0%) $538,194 (-1.2%) 1.06 2,125
    2025-05-01 $460,000 (-1.1%) $541,568 (-2.0%) 1.05 2,381
    2025-06-01 $456,226 (-1.7%) $541,693 (-2.1%) 1.03 2,519
    Richmond's median listing price for 2025-06-01 was $456,226, a difference of $-7,865 (-1.7%) versus the prior year and $-3,774 versus the prior month.

    Richmond's median listing price comes in at 103% of the national average.

    Richmond's average listing price for 2025-06-01 was $541,693, a difference of $-11,707 (-2.1%) versus the prior year and $125 versus the prior month.

    For the 2025-06-01 period, Richmond had 2,519 MLS listings, a difference of 138 listings (6%) versus the prior month and 372 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Richmond (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 68 days 2,179 sqft
    2018-02-01 55 days 2,211 sqft
    2018-03-01 46 days 2,255 sqft
    2018-04-01 45 days 2,294 sqft
    2018-05-01 43 days 2,345 sqft
    2018-06-01 45 days 2,324 sqft
    2018-07-01 49 days 2,304 sqft
    2018-08-01 50 days 2,249 sqft
    2018-09-01 52 days 2,227 sqft
    2018-10-01 55 days 2,195 sqft
    2018-11-01 53 days 2,202 sqft
    2018-12-01 63 days 2,200 sqft
    2019-01-01 66 days 2,185 sqft
    2019-02-01 56 days 2,208 sqft
    2019-03-01 46 days 2,242 sqft
    2019-04-01 42 days 2,272 sqft
    2019-05-01 44 days 2,293 sqft
    2019-06-01 46 days 2,287 sqft
    2019-07-01 50 days 2,271 sqft
    2019-08-01 50 days 2,238 sqft
    2019-09-01 50 days 2,219 sqft
    2019-10-01 50 days 2,203 sqft
    2019-11-01 52 days 2,187 sqft
    2019-12-01 64 days 2,191 sqft
    2020-01-01 68 days 2,200 sqft
    2020-02-01 53 days 2,209 sqft
    2020-03-01 40 days 2,269 sqft
    2020-04-01 44 days 2,280 sqft
    2020-05-01 54 days 2,297 sqft
    2020-06-01 59 days 2,291 sqft
    2020-07-01 55 days 2,253 sqft
    2020-08-01 60 days 2,244 sqft
    2020-09-01 53 days 2,205 sqft
    2020-10-01 53 days 2,201 sqft
    2020-11-01 58 days 2,187 sqft
    2020-12-01 57 days 2,178 sqft
    2021-01-01 53 days 2,125 sqft
    2021-02-01 48 days 2,088 sqft
    2021-03-01 43 days 2,075 sqft
    2021-04-01 40 days 2,082 sqft
    2021-05-01 39 days 2,043 sqft
    2021-06-01 41 days 2,030 sqft
    2021-07-01 39 days 1,979 sqft
    2021-08-01 40 days 2,009 sqft
    2021-09-01 45 days 1,959 sqft
    2021-10-01 51 days 1,964 sqft
    2021-11-01 57 days 1,951 sqft
    2021-12-01 51 days 1,960 sqft
    2022-01-01 71 days 1,997 sqft
    2022-02-01 36 days 1,980 sqft
    2022-03-01 31 days 1,907 sqft
    2022-04-01 32 days 1,927 sqft
    2022-05-01 31 days 1,992 sqft
    2022-06-01 31 days 2,019 sqft
    2022-07-01 35 days 2,000 sqft
    2022-08-01 38 days 1,994 sqft
    2022-09-01 43 days 1,967 sqft
    2022-10-01 40 days 1,962 sqft
    2022-11-01 43 days 1,951 sqft
    2022-12-01 53 days 1,925 sqft
    2023-01-01 59 days 1,937 sqft
    2023-02-01 52 days 1,983 sqft
    2023-03-01 41 days 2,029 sqft
    2023-04-01 38 days 2,066 sqft
    2023-05-01 40 days 2,100 sqft
    2023-06-01 40 days 2,098 sqft
    2023-07-01 43 days 2,094 sqft
    2023-08-01 39 days 2,103 sqft
    2023-09-01 42 days 2,096 sqft
    2023-10-01 41 days 2,087 sqft
    2023-11-01 45 days 2,091 sqft
    2023-12-01 54 days 2,039 sqft
    2024-01-01 61 days 2,054 sqft
    2024-02-01 48 days 2,067 sqft
    2024-03-01 44 days 2,074 sqft
    2024-04-01 41 days 2,086 sqft
    2024-05-01 40 days 2,108 sqft
    2024-06-01 46 days 2,120 sqft
    2024-07-01 41 days 2,093 sqft
    2024-08-01 43 days 2,087 sqft
    2024-09-01 43 days 2,039 sqft
    2024-10-01 41 days 2,046 sqft
    2024-11-01 46 days 2,002 sqft
    2024-12-01 54 days 1,961 sqft
    2025-01-01 56 days 1,957 sqft
    2025-02-01 49 days 1,968 sqft
    2025-03-01 44 days 2,000 sqft
    2025-04-01 36 days 2,075 sqft
    2025-05-01 37 days 2,081 sqft
    2025-06-01 43 days 2,080 sqft
    Richmond's median listing age (time on market) for 2025-06-01 was 43 days. This is -7% shorter than the same period one year ago.

    Richmond's median square footage for active listings during the 2025-06-01 period was 2,080 sqft. One year prior, the average listing was 2,120 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.