Virginia Home Equity Rates


Virginia homeowners can get a Free AVM with each home equity loan approvals.

Our Virginia lenders provide a discounted home loan rate for homeowners seeking fixed refinance and equity loan solutions. VA loan rates have dropped again, helping active military and vets in Virginia, DC and Maryland qualify for VA refinancing that reduces their interest rate and payment with no appraisal required. Virginia residents are offered special home equity rate incentives for home equity loans, cash refinancing and credit lines with fixed rate and interest only offers including discounts for closing costs.

Get Locked into the Lowest Virginia Home Mortgage Rates Ever Recorded

Homeowners in the Capitol and Virginia areas have been taking out home equity loans and refinancing their 1st mortgages for cash out in much higher volumes this year, compared with the last few years.

A recent report indicated that there are more FHA home loans and less subprime mortgage refinancing in 2010. Nationwide offers refinance and second mortgages with fixed or adjustable interest rates. Most of our Virginia lenders provide low rate government loans for east coast residents seeking cash or simple rate and term refinancing. We continue to offer a wide variety of cash-back refinancing programs for homeowners who need to access money, but prefer not to pay off their existing mortgage in the process.

**Special Home Equity Incentives for Virginia Homeowners Online**

Nationwide is extending special loan incentives to Virginia homeowners who are cashing in with a home equity loan or credit line. This is for home refinance transactions only. 80-20 purchase loan combos do not qualify at this time for this offer.

Nationwide is excited to offer consumers residing near the Capitol, reduced closing cost option that is offered to each qualified applicant who has a middle credit score over 680 and whose CLTV does not exceed 95%.

When borrowers complete the loan request form online they will be contacted by one of our experienced loan professionals who will help them complete the application and update them about any new financing specials that may be applicable.


Virginia homeowners save money with our No Point Home Loans that are offered to Qualified Borrowers.
Don't wait any longer, Call now to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quote with no obligation.

New Loan Limits for FHA, Fannie Mae and Freddie Mac home loans.

County Name

State

One-Family

Two-Family

Three-Family

Four-Family

ROANOKE

VA

$280,000

$358,450

$433,250

$538,450

WARREN

VA

$729,750

$934,200

$1,129,250

$1,403,400

FAIRFAX

VA

$729,750

$934,200

$1,129,250

$1,403,400

MANASSAS

VA

$729,750

$934,200

$1,129,250

$1,403,400

STAFFORD

VA

$729,750

$934,200

$1,129,250

$1,403,400

ARLINGTON

VA

$729,750

$934,200

$1,129,250

$1,403,400

ALEXANDRIA

VA

$729,750

$934,200

$1,129,250

$1,403,400

FALLS CHURCH

VA

$729,750

$934,200

$1,129,250

$1,403,400

FREDERICKSBURG

VA

$729,750

$934,200

$1,129,250

$1,403,400

LYNCHBURG

VA

$271,050

$347,000

$419,400

$521,250

SUSSEX

VA

$528,750

$676,900

$818,200

$1,016,850

CHARLES CITY

VA

$528,750

$676,900

$818,200

$1,016,850

Refinance ARM Loans and Consolidate Debt with a
Fixed Rate Equity Loan!

At this time, home equity loans are the most popular form of subordinate financing at the moment, and with fixed rates lower than the variable interest rates you can see why the East Coast borrowers are in line for fixed rate loans. Lock in a Low Rate with a Fixed Rate Mortgage.


Equity Home Loan Volumes Increase Across Virginia

Fixed Rate Home Equity Loans

90% -100% Mortgage Refinance Loans

Consolidate 1st and 2nd Mortgages Together for one low rate payment

Tax Deductible FHA Home Mortgages

No PMI & No Mortgage Insurance

Free Second Mortgage Quote

Whether you are purchasing a home in Charlottesville or Richmond we offer subordinate loans for purchase or refinance. If you need help with a "Zero Down" 80-20 combo loan, then you have found the right lending source.

Our loan team will help you refinance and get cash out to pay for new furniture, house improvements and they will show you a solution for consolidating high interest credit card debt. Nationwide offers many fixed rate solutions, that don't require you to refinance your first home loan. We offer competitive 2nd mortgages that will aid you in reducing your monthly expenses while returning you with significant savings.

Wouldn't you like to put more money in your pocket each month? Many of our second mortgage and refinance programs were created so people with less than perfect credit, can pay off debts, make improvements to their home, and offer access to additional funds for a multitude of reasons.

Before the rates get too high, Apply for a Fixed Rate Home Equity Loan. Stay online and complete one simple form and one of our experienced loan professionals will follow up with you shortly.

Home Equity Line of Credit - Take advantage of our home equity loans that offer either a fixed rate 2nd mortgage, or a flexible interest only home equity line of credit with prime adjustable rates. We now offer the fixed rate home equity credit lines that allow you to fix the rate for the first five years of the line. Another exclusive second mortgage feature available is the option to fix the rate of designated portions of the line. For example, if you have a $100,000 home equity line of credit, and you already used $40,000 of the line: You can choose to convert the used $40,000 of the equity line to a fixed rate second mortgage, and still keep the remaining $50,000 open as a revolving credit line. Get the best of both worlds with the peace of mind offered with a fixed rate-fixed payment second mortgage and the convenience of an open-end line of credit.

Virginia Foreclosure News
Home mortgage foreclosures have been rising in Maryland, Virginia and Washington DC. The costs of predatory lending for American consumers total $9 billion a year. According to the Mortgage Bankers Association, the percentage of home mortgages in foreclosure rose to a record of 404,400 out of 33.7 million mortgaged homes. This is the highest rate in the 30 years that the association has been monitoring first and second mortgages.



Relevant Virginia Facts:
East Coast Homeowners

Average home value for owner occupied primary residence, 2000: $125,400
Homeownership rate, 2000: 68.1%
Average household income, 1999: $46,677
Population,
2004 estimate: 7,459,827
% of people living in same home for 5+ years, 2000: 52.2%
Average commute time from home to work (minutes), 2000: 27.0

Click Here for More Virginia Loan Info

* Loan terms are state and federal fee restrictions. Laws may vary per state.
Data source census.gov

 

Resource Tools

ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit?


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Recommended Pages for Home Financing in Virginia:
Virginia Home Equity Rates | Virginia Second Mortgage | Virginia Mortgage Rates | VA Mortgage Rate Updates
Apply Now | Disclosures and Terms | VA Streamline Refinance | About Us | Testimonials
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