Lowest Mortgage Rates in Richmond: November 2011

Lowering home values throughout the country, as well as here in Richmond, are making today a great time to purchase a home at an affordable price. However, the price of the building isn’t the only number you should think about. Mortgage rates in Richmond will also have a big impact on how much you pay for your new home.

If you’re considering buying, ensure you take the time to get the lowest possible mortgage rate first. We’ve listed the local Richmond lending institutions with the very best interest rates on home loans right now. Find out if there’s a great deal near you.

Current Best Mortgage Rates in Richmond, VA

Different mortgage types are going to offer different mortgage rates, but no matter what type of loan you choose, there’s bound to be a great deal in Richmond. Below are the lowest mortgage rates offered by local Richmond lenders today for a variety of home loan types.

Best 15-Year Fixed Mortgage Rates in Richmond

• Wells Fargo Bank, National Association: 3.13%
• • Orig. Fees: 1%
  • Points: 0


• Bank of America, National Association: 3.25%
• • No Orig. Fees
  • Points: 1.13


• Quicken Loans Inc: 3.25%
• • No Orig. Fees
  • Points: 1.75

Lowest 30-Year Fixed Mortgage Rates in Richmond

• Quicken Loans Inc: 3.99%
• • No Orig. Fees
  • Points: 2


• Gateway Bank & Trust Company: 4%
• • No Orig. Fees
  • Points: 0


• Wells Fargo Bank, National Association: 4.13%
• • Orig. Fees: 1%
  • Points: 0.88

Top 3/1 ARM Richmond Mortgage Rates

• Wells Fargo Bank, National Association: 2.13%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• First Community Bank: 2.49%
• • Orig. Fees: 1%
  • Points: 0
  • Caps: 2% per Adjustment Period


• 1st Advantage Federal Credit Union: 2.5%
• • Orig. Fees: 0.5%
  • Points: 0
  • Caps: 2% per Adjustment Period

Best Mortgage Rates in Richmond for a 5/1 ARM

• Wells Fargo Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Bank of America, National Association: 2.5%
• • No Orig. Fees
  • Points: 1.13
  • Caps: 2% per Adjustment Period


• SunTrust Bank: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Please note that these rates are accurate as of November 2011, but are subject to change at any time. Additionally, borrowers may be subject to additional requirements and credit approval in order to receive the lowest advertised rate. Please contact individual lenders to verify rates before applying for a loan.