Mortgage Rates Goochland, Virginia (VA) for May 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current 30-year fixed mortgage rates in Goochland, Virginia include Beacon Credit Union IncorporatedBeacon Credit Union IncorporatedA+5.0 ★Texas Ratio: 1.82% at 6.38%, Martinsville FSBMartinsville FSBA+5.0 ★Texas Ratio: 4.91% at 5.99%, Member One Federal Credit UnionMember One Federal Credit UnionA+5.0 ★Texas Ratio: 4.86% at 6.00%, Baxter Credit UnionBaxter Credit UnionA5.0 ★Texas Ratio: 7.04% at 6.12%, and Langley Federal Credit UnionLangley Federal Credit UnionA5.0 ★Texas Ratio: 9.72% at 5.88%. Mortgage rates as of May 23, 2026 according to verified data from MonitorBankRates.
Goochland borrowers have access to 21 lenders serving the Virginia area, with mortgage rates as low as 6.38% from Beacon Credit Union Incorporated. Use the tabs below to compare available loan types. Rates are continually updated — we recommend checking back frequently.
Mortgage Rates reflect actual verified offers from lenders actively lending to Virginia borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: May 23, 2026
Compare Mortgage Rates Today in Goochland, Virginia & the Surrounding Area
Goochland 30 Year Fixed Mortgage Rates
No additional details available.
Mortgage Special
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As; Primary Residence
No additional details available.
No additional details available.
Rates shown include 0.125% autopay and paperless discount.
Goochland 15 Year Fixed Mortgage Rates
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Rates shown include 0.125% autopay and paperless discount.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As; Primary Residence
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Goochland 5/1 ARM Mortgage Rates
As Low As
As Low As
As Low As
Take advantage of a competitive 5.125% interest rate and 5.512% APR* with our 5/5 Adjustable-Rate Mortgage special. Enjoy lower monthly payments, flexible financing, and the confidence of a fixed rate for the first five years. Contact us today to learn more and see if a 5/5 ARM is right for you.
As Low As
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
Payment Example: At a 6.250% initial interest rate (7.309% APR), a 5/6 ARM with a 30-year term would have monthly payments of $4,433.16 for the first 60 months, then $5,186.82 for the next 300 months, assuming no increase to the index. Your actual payments will be based on market conditions at the time of interest rate changes per the terms of your loan agreement. For ARMs, the rate may increase after consummation. These payments are based on a $720,000 loan on a $900,000 property in Alameda County, CA. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The values shown assume the loan is for the purchase of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 740 or higher.
Goochland 30-Year Jumbo Mortgage Rates
No additional details available.
As Low As
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Goochland 15-Year Jumbo Mortgage Rates
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Goochland 5/1 Jumbo ARM Mortgage Rates
No additional details available.
No additional details available.
No additional details available.
Goochland FHA Loan Rates
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Goochland VA Loan Rates
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
30-Year Rates As Low As; Primary Residence
As Low As
No additional details available.
No additional details available.
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Goochland, VA Mortgage Rate Trends
Compare local Goochland, VA mortgage rate quotes against the statewide average
Daily mortgage rate averages tracked across our database of verified mortgage rate quotes — updated every evening.
Virginia 30-year fixed rates rose 0.267 points over the past 7 days to 6.591%.
Virginia 15-year fixed rates rose 0.273 points over the past 7 days to 6.192%.
Virginia Mortgage Rate Forecast — Next 12 Months
Where are Virginia mortgage rates headed through May 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. Not financial advice.
What Forecast Rates Mean for Goochland, VA Home Buyers
Monthly principal & interest payment on Goochland, VA median home of $485,700 (20% down, 30-year fixed, city-level Census ACS median)
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (VA avg) | 6.591% | $2,479 | — | 31.9% |
| 6-Month Forecast | 6.591% (6.24–6.89%) | $2,479 | +$0/mo | 31.9% |
| 12-Month Forecast | 6.191% (5.84–6.49%) | $2,378 | -$102/mo | 30.6% |
Income column = annual mortgage payment as % of Goochland, VA median household income ($93,170). Above 30% is generally considered cost-burdened.
MonitorBankRates Housing Affordability Index (MBR-HAI)
A daily-updated affordability score for Goochland, Virginia — computed from local Census Bureau data combined with current Virginia mortgage rates.
What This Score Means for Goochland, Virginia Home Buyers
With a score of 96.1, Goochland, Virginia is 3.9 points less affordable than the national average of 100.0. The area’s median home value of $485,700 against a median household income of $93,170 produces a price-to-income ratio of 5.2x — modestly above the national norm. At the current Virginia mortgage rate of 6.591%, a buyer purchasing the median-priced home with 20% down would carry a monthly payment of approximately $2,479 in principal and interest.
Beyond the mortgage payment, the median total monthly owner cost in this area is $2,088 — covering mortgage, property taxes, insurance, and utilities. Property taxes alone average $256/month ($3,076/year). These ongoing costs factor directly into the MBR-HAI alongside the mortgage rate and income data.
Score computed from local U.S. Census Bureau ACS 5-Year Estimates (2024) and CPS/HVS Q4 2025 data, combined with the current Virginia live mortgage rate. Score of 100 = national average at 6.5% reference rate. Full methodology →
How Mortgage Rates Impact Home Affordability in Goochland, Virginia
Goochland, Virginia Housing Market Overview
According to the U.S. Census Bureau, the median owner-occupied home value in Goochland, Virginia is approximately $485,700. The 2026 FHFA conforming loan limit for this area is $832,750 — meaning most buyers financing at 80% LTV will qualify for conforming loan pricing, making rate comparison across local lenders especially valuable.
Goochland, Virginia Homeownership Rate
The homeownership rate in Goochland, Virginia stands at 68.8%, near the national average of 65.7%. The homeowner vacancy rate of 1% signals a tight market with limited available inventory — making it critical to secure the best possible rate quickly when a suitable property becomes available.
Monthly Payment Estimates for Goochland, Virginia Buyers
Even a small difference in your interest rate can add up to tens of thousands of dollars over the life of a loan. The table below shows monthly principal and interest payments on a $390,000 mortgage — based on a 20% down payment on the Goochland, Virginia median home value.
| Interest Rate | Loan Term | Monthly Payment | Total Interest Paid |
|---|---|---|---|
| 6.091% | 30-year fixed | $2,361 | $460,001 |
| 6.591% Current Avg | 30-year fixed | $2,488 | $505,843 |
| 7.091% | 30-year fixed | $2,619 | $552,681 |
| 6.192% | 15-year fixed | $3,332 | $209,694 |
A 0.500% rate increase on a $390,000 loan adds roughly $130 per month and over $46,838 in total interest over a 30-year term. That’s why comparing verified, current rates from multiple lenders — using the rate table above — is one of the most impactful financial decisions a Goochland, Virginia buyer can make.
Data sources: U.S. Census Bureau; Federal Housing Finance Agency (FHFA). Monthly payments shown are principal & interest only — taxes, insurance, and PMI not included.
Goochland, Virginia Income & Housing Affordability
At a price-to-income ratio of 5.2x, Goochland, Virginia is a moderately expensive housing market. That ratio — median home value divided by median household income — is a standard benchmark used by housing economists to gauge how accessible homeownership is relative to local earnings. The national baseline is approximately 3.8x.
What This Means for Goochland, Virginia Buyers
With a median household income of $93,170 per year in Goochland, Virginia ($7,764/month) and a median home value of approximately $485,700, a buyer financing at 80% LTV at the current average rate would commit roughly 32.1% of gross monthly income to principal and interest alone. That places most buyers above the 30% threshold housing economists use to define "cost burdened" — before taxes, insurance, HOA fees, or PMI are factored in.
Compared to the Virginia statewide price-to-income ratio of 4.1x, Goochland is notably less affordable relative to local incomes than the state average — buyers here face steeper hurdles to homeownership even compared to other Virginia markets. In either case, even a 0.25% improvement in your mortgage rate meaningfully reduces both the income needed to qualify and the total cost over the loan term.
Data sources: U.S. Census Bureau. Monthly payment estimate assumes 80% LTV at current average rate; principal and interest only.
Full Cost of Homeownership in Goochland, Virginia
A mortgage payment is just the starting point. Property taxes, insurance, and utilities add hundreds of dollars per month to the true cost of owning a home in Goochland, Virginia. Understanding the full picture before you buy is the difference between a home you can afford and one that stretches you thin.
Owner vs. Renter Costs
Housing Cost Burden
The federal standard defines “cost burdened” as spending more than 30% of gross household income on housing. “Severely cost burdened” means spending 50% or more. Both thresholds leave little room for savings, emergencies, or other financial goals.
18.4% of homeowners with mortgages in Goochland, Virginia spend more than 30% of their income on housing costs — compared to the national average of 28.0%.
Data sources: U.S. Census Bureau, American Community Survey 5-Year Estimates. Monthly owner costs include mortgage payment, taxes, insurance, and utilities. Property taxes reflect median annual taxes for mortgage holders. Rent reflects median gross rent including utilities. Cost burden figures reflect households spending 30%+ of gross income on housing.
Run the Numbers on Your Goochland, Virginia Home Loan
Rates are only part of the equation. Use these calculators to translate current Goochland, Virginia mortgage rates into real numbers for your specific situation — before you talk to a lender.
Enter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios — a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current Goochland, Virginia rates — so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateIf you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point — the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateBuying isn’t always the better financial decision, and renting isn’t always throwing money away. This calculator weighs the full cost of each path — mortgage payments, taxes, insurance, and maintenance against rent increases and the opportunity cost of a down payment — to show which option builds more wealth over your intended time horizon in Goochland, Virginia.
CalculateTypes of Mortgages Available in Goochland, Virginia
Not every loan program is right for every buyer in Goochland, Virginia. Rates, down payment requirements, eligibility rules, and long-term costs vary significantly across products — and the right choice depends on your credit profile, how long you plan to stay, and whether you qualify for any government-backed programs.
Fixed-Rate Mortgage
A fixed-rate mortgage locks your interest rate in for the entire loan term — your principal and interest payment on day one is identical to payment 360. That predictability is valuable for long-term financial planning, especially in markets where housing costs represent a large share of household income.
Available in 10-, 15-, 20-, and 30-year terms. The 30-year minimizes monthly payments; the 15-year cuts total interest paid dramatically but requires a higher monthly commitment. The payment comparison table above shows exactly how those trade-offs look at today’s Goochland, Virginia rate levels.
Adjustable-Rate Mortgage (ARM)
An ARM offers a fixed introductory rate for an initial period — commonly 5, 7, or 10 years — after which the rate adjusts periodically based on a market index. The starting rate is typically lower than a comparable fixed-rate loan, which reduces your monthly payment during the initial window.
ARMs work best when you have a defined exit timeline: if you plan to sell or refinance before the fixed period ends, you capture the lower rate without exposure to future adjustments. Rate caps govern how much the rate can move at each adjustment and in total, so read those terms closely before committing.
FHA Loan
Backed by the Federal Housing Administration, FHA loans are built for buyers who don’t yet meet conventional loan standards. You can qualify with a credit score of 580 and just 3.5% down — and some lenders will consider scores as low as 500 with a 10% down payment.
The cost of that lower barrier is mortgage insurance. FHA loans carry an upfront MIP of 1.75% of the loan amount (which can be rolled in) plus an annual MIP of 0.15%–0.75% depending on your term and LTV. For buyers who would otherwise wait years to save a larger down payment — given ongoing home price trends in Goochland, Virginia — FHA is often the faster path to ownership.
VA Loan
Available to eligible active-duty service members, veterans, reservists, National Guard members, and qualifying surviving spouses, VA loans are among the most favorable mortgage programs available anywhere. No down payment is required, there is no monthly mortgage insurance, and rates are generally competitive with — and often better than — conventional loan rates.
A one-time funding fee applies — 2.15% of the loan for first-time VA borrowers with no down payment — which can be financed into the loan. In Goochland, Virginia, where home prices require substantial savings for a conventional down payment, the zero-down VA benefit is an enormous advantage for those who qualify.
Jumbo Loan
The 2026 FHFA conforming loan limit for Goochland, Virginia is $832,750. Mortgages above that amount are classified as jumbo loans and are not eligible for purchase by Fannie Mae or Freddie Mac, which means lenders carry the full risk — and price that risk accordingly.
Jumbo underwriting is stricter: lenders typically require a credit score of 700 or higher, substantial cash reserves, thorough income documentation, and a down payment of at least 10–20%. Rates may run slightly above conforming levels, though the gap narrows in competitive lending environments.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Goochland, Virginia mortgage rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates for Goochland, Virginia directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Goochland, Virginia. We feature a comprehensive mix of licensed NMLS financial institutions — from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in VA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you compare rates from secure, reliable lenders.
Frequently Asked Questions about Mortgage Rates in Goochland, Virginia
How does my credit score affect my rate in Virginia?
What is a 30-Year Fixed Mortgage?
What are closing costs in Virginia?
Should I lock my mortgage rate?
What is an Adjustable-Rate Mortgage (ARM)?
What is a Jumbo Loan in Goochland, Virginia?
Do I need 20% down to buy a house in Virginia?
What is the difference between Interest Rate and APR?
How do I find the best lender in Goochland, Virginia?
What is the median home value in Goochland, Virginia?
What is the homeownership rate in Goochland, Virginia?
What is the conforming loan limit in Goochland, Virginia?
What is the median monthly cost of homeownership in Goochland, Virginia?
What are the median property taxes in Goochland, Virginia?
What percentage of homeowners are cost burdened in Goochland, Virginia?
What are the best Mortgage rates in Goochland, Virginia?
- Beacon Credit Union Incorporated: 6.38% (30 Year Fixed Purchase)
- Martinsville FSB: 5.99% (30-Year Fixed Rate Mortgage)
- Member One Federal Credit Union: 6.00% (30yr Jumbo Fixed Rate Mortgage)
- Baxter Credit Union: 6.12% (Jumbo 30 Year Fixed)
- Langley Federal Credit Union: 5.88% (30 Year Fixed Promo 80%)
