Mortgage lending in Richmond city
4,259 mortgages were originated in Richmond city, Virginia, in 2025.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 4,259
- Median rate
- 6.625%
- Median lender fees
- $5,234
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $275,000
- Above the going rate (spread over APOR)
- 0.210
- Paid discount points
- 34.4%
- Received lender credits
- 25.9%
- Purchases / refinances
- 55.9% / 27.1%
- Conventional / FHA / VA
- 86.9% / 8.8% / 4.3%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 68.6% of loans here — see methodology.
Loan limits here in 2026
- Conforming limit
- $832,750
- FHA limit
- $707,250
- Median home price
- $615,000
- That home, 20% down
- $492,000
A median-priced home with 20% down leaves $340,750 of room under the conforming limit, so the ceiling rarely binds on an ordinary purchase.
Borrow more than $832,750 and the loan becomes jumbo — outside agency rules, priced by each lender on its own terms. How limits work
Median price is HUD's figure for the 2026 limit calculation, not a live market quote.
Who lent here
Lenders with at least 50 loans in Richmond city, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Rocket Mortgage, LLC | 262 | $5,134 | 6.750% |
| Virginia Credit Union, Inc. | 257 | $4,073 | 6.240% |
| United Shore Financial Services, LLC | 210 | $9,232 | 6.412% |
| Capital Center, L.L.C. | 126 | — | 6.500% |
| Truist Bank | 121 | $5,791 | 6.590% |
| JPMorgan Chase Bank, National Association | 118 | $4,364 | 6.375% |
| Kiavi Funding, Inc. | 109 | — | 8.950% |
| Atlantic Bay Mortgage Group, L.L.C. | 107 | $5,763 | 6.490% |
| Towne Bank | 105 | — | 6.625% |
| United Bank | 98 | $4,295 | 6.125% |
What lenders charged here
Lender fees on a $275,000 loan, based on what was actually charged in Richmond city — not a rule of thumb.
From 2,920 loans where fees were reported. This is what the lender charges — sections A and B of a Loan Estimate. Title, appraisal, taxes and the escrow deposit your lender collects up front for future tax and insurance bills are extra and not in these figures. Compare two offers