Reston, Virginia Refinance Rates - September 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 mortgage refinance rates in Reston, Virginia include Wells FargoWells Fargo1498 Northpoint Village Ctr, Reston, VA, 20191A5.0 ★Texas Ratio: 6.32% at 6.25%, Chevron Federal Credit UnionChevron Federal Credit Union12011 Sunset Hills Rd Ste 110, Reston, VA, 20190 5919A+5.0 ★Texas Ratio: 2.15% at 6.88%, Citizens BankCitizens Bank11670a Plaza America Dr, Reston, VA, 20190A5.0 ★Texas Ratio: 7.72% at 7.25%, Beacon Credit Union IncorporatedBeacon Credit Union IncorporatedA+5.0 ★Texas Ratio: 1.29% at 6.47%, and Commonwealth One Federal Credit UnionCommonwealth One Federal Credit UnionA5.0 ★Texas Ratio: 11.62% at 6.38%. Refinance rates as of September 16, 2026 according to verified data from MonitorBankRates.
Reston homeowners can compare 136 refinance rates from 21 lenders serving the Virginia area, including 3 local, with rates as low as 6.12% from Wells Fargo at 1498 Northpoint Village Ctr, Reston, VA, 20191. Lenders below quote one rate for purchase and refinance loans. Use the tabs to compare all loan types and terms, then run the break-even calculator further down. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to Virginia homeowners. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: September 16, 2026
Compare Refinance Rates Today in Reston, Virginia & the Surrounding Area
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local Reston, VA lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.091 points above the same lender’s purchase rate nationally. That premium is shown for context only; every rate in the table is the lender’s posted rate.
Reston 30 Year Fixed Refinance Rates
Points are $3,240. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
Points are $2,800. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
No additional details available.
Rates listed include 0.125% autopay and paperless discount. Rates are for conforming purchase loans, are effective as of 09/11/2026 3:50 PM CT and subject to change at anytime. Rates include a 0.125 percentage point reduction which requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Important Assumptions
No additional details available.
No additional details available.
The rates below are for primary residences located in North or South Carolina. If you are looking for properties outside of these areas, please contact us directly at 800-765-4527 x 1525 . Our team will be happy to assist you with customized rates tailored to your specific location and requirements! Home Loan rates as of 09/08/2026. The Annual Percentage Rate, or APR, for the loan programs shown reflects the interest rate and approximate cost of prepaid finance charges. These charges include a 1% Origination Fee but do not include other closing costs or discount points.
No additional details available.
No additional details available.
No additional details available.
The annual percentage rates (APR) displayed assume a loan amount of $150,000, 20% down and 30 days prepaid interest. You will incur additional closing costs. Prepaid finance charges, which are used in the calculation of the APR, are estimated to be $1,860 (these include the flood search, origination charge, discount points and closing service letter fee). The annual percentage rates (APR) does not include private mortgage insurance because the amount will vary depending upon your loan to value and other factors. Please contact us at 1-877-261-2820 or [email protected] to learn about how private mortgage insurance may affect your loan and other closing costs you will incur.
No additional details available.
No additional details available.
Rate as low as; Payment: 1,536.75 *
Rates may include points. See All Mortgage Rates for details.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Important Assumptions
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Payment is based on a $240,000 loan at 80% loan-to-value, purchase of a single-family residence. The posted rates are subject to change without notice. The posted mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history.
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.
Par rate; rates based on certain assumptions. Your specific rate will be based on your unique circumstances and may differ from the rates shown in this table. Be sure to ask about additional loan programs and rates when you speak with a Mortgage Loan Originator.
No additional details available.
No additional details available.
Important Assumptions
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Reston 15 Year Fixed Refinance Rates
Points are $2,800. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
Rates listed include 0.125% autopay and paperless discount. Rates are for conforming refinance loans, are effective as of 09/11/2026 3:50 PM CT and subject to change at anytime. Rates include a 0.125 percentage point reduction which requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
No additional details available.
No additional details available.
No additional details available.
Calculate Payment
The annual percentage rates (APR) displayed assume a loan amount of $150,000, 20% down and 30 days prepaid interest. You will incur additional closing costs. Prepaid finance charges, which are used in the calculation of the APR, are estimated to be $1,860 (these include the flood search, origination charge, discount points and closing service letter fee). The annual percentage rates (APR) does not include private mortgage insurance because the amount will vary depending upon your loan to value and other factors. Please contact us at 1-877-261-2820 or [email protected] to learn about how private mortgage insurance may affect your loan and other closing costs you will incur.
Calculate Payment
Calculate Payment
Calculate Payment
Get peace of mind with predictable monthly payments. Both traditional and short-term options available.
The rates below are for primary residences located in North or South Carolina. If you are looking for properties outside of these areas, please contact us directly at 800-765-4527 x 1525 . Our team will be happy to assist you with customized rates tailored to your specific location and requirements! Home Loan rates as of 09/08/2026. The Annual Percentage Rate, or APR, for the loan programs shown reflects the interest rate and approximate cost of prepaid finance charges. These charges include a 1% Origination Fee but do not include other closing costs or discount points.
No additional details available.
Payment: 2,025.26*
Important Assumptions
No additional details available.
No additional details available.
Payment is based on a $240,000 loan at 80% loan-to-value, purchase of a single-family residence. The posted rates are subject to change without notice. The posted mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history.
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.
Reston 5/1 ARM Refinance Rates
No additional details available.
No additional details available.
Enjoy a low initial rate that adjusts with the market. Various terms and options available.
Rates as of September 11, 2026. Terms and conditions apply. Visit our Lending Rates Page for details.
No additional details available.
As low as; As low as
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.
Rate as low as; Payment: 1,343.93 *
No additional details available.
Initial Interest Rate: 5.500%. Fully Indexed Rate: 6.985%. Maximum Interest Rate: 10.500%. Months to First Rate Adjustment: 60 Months. Interest Only Term: 0 Months. Payment is based on a $240,000 loan at 80% loan-to-value, purchase of a single-family residence. The posted rates are subject to change without notice. The posted mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
Reston 30-Year Jumbo Refinance Rates
Term: 7/6 ARM Jumbo 30-Year Variable
No additional details available.
Rate as low as; **Rate as low as 6.250%
Finance higher-priced homes without a large down payment or multiple mortgages.
No additional details available.
Payment is based on a $726,300 loan at 80% loan-to-value, purchase of a single-family residence. The posted rates are subject to change without notice. The posted mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Reston 15-Year Jumbo Refinance 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.
Rates effective September 11, 2026. Rates, and terms and conditions subject to change without notice on new loans. Rates posted are estimates only and are subject to change without notice. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. The quotes above are based on a specific loan amount for the purchase of a single family primary residence. 3) 15 and 30 Year JUMBO loan payments are based on a $806,500.00 loan amount
Reston 5/1 Jumbo ARM Refinance Rates
Term: 5/6 ARM Jumbo 30-Year Variable
Rates shown are "as low as".
No additional details available.
No additional details available.
No additional details available.
Reston FHA Loan Rates
No additional details available.
No additional details available.
Important Assumptions
No additional details available.
No additional details available.
Reston VA Loan Rates
Points are $3,240. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
Term: 5/6 ARM Jumbo 30-Year Variable
Rates shown are "as low as".
Term: 7/6 ARM Jumbo 30-Year Variable
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Important Assumptions
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.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of September 12, 2026. Use these as the benchmark for the Reston, Virginia quotes above; lenders that price refinances separately currently run about 0.091 points higher.
Reston, VA Refinance Rate Trends
Compare local Reston, VA refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a Virginia refinance quote should be measured against, plus roughly 0.091 points at lenders that price refinances separately.
Virginia 30-year fixed rates rose 0.017 points over the past 7 days to 6.675%.
Virginia 15-year fixed rates rose 0.023 points over the past 7 days to 6.258%.
What Reston, VA Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed.
Virginia Refinance Rate Forecast, Next 12 Months
Where are Virginia refinance rates headed through September 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for Reston, VA Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $513,600 (80% of the city median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (VA avg) | 6.675% | $3,306 | — | 26.7% |
| 6-Month Forecast | 6.675% (6.33–6.98%) | $3,306 | +$0/mo | 26.7% |
| 12-Month Forecast | 6.925% (6.58–7.23%) | $3,391 | +$86/mo | 27.4% |
Income column = annual mortgage payment as % of Reston, VA median household income ($148,710). Above 30% is generally considered cost-burdened.
Reston, Virginia Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current Reston, Virginia rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your Reston, Virginia Refinance
The rate is only part of the decision. Use these calculators to turn current Reston, Virginia refinance rates into monthly savings, break-even months, and total interest before you talk to a lender.
If 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.
CalculateEnter 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.
CalculateIf your goal is cash rather than a lower rate, compare current Reston, Virginia home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell 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 Reston, 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.
CalculateTypes of Refinance Loans Available in Reston, Virginia
Homeowners in Reston, Virginia can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every Virginia lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s Reston, Virginia average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC in Reston, Virginia usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders in Virginia quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming loan limit for Reston, Virginia is $1,249,125. A refinance above that amount is a jumbo loan and stays on the lender’s books or goes to private investors, so pricing and underwriting are set lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Reston, Virginia refinance 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 Refinance Rate Data: We aggregate mortgage and refinance rates for Reston, 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. Where a lender publishes a product specifically for refinancing, that product is listed by name; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Reston, 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 and refinance 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.
How a Mortgage Refinance Works in Reston, Virginia
A refinance pays off your current mortgage with a new loan on the same Reston, Virginia home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
How Reston, Virginia Refinance Rates Compare to Purchase Rates
Most Virginia banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our Reston, Virginia mortgage rates page. For example, Wells Fargo is listing a 30-Year Fixed-Rate VA at 6.25% for either purpose. Some lenders price refinances separately and list them by name, such as Beacon Credit Union Incorporated’s Mortgage Loans - 5/1 ARM - 30 Year Fixed Refinance at 6.47%. Across lenders that post both, refinance pricing currently runs about 0.091 points above the same lender’s purchase rate nationally. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break-Even Point in Reston, Virginia
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A Reston, Virginia homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs and No-Closing-Cost Loans in Reston, Virginia
Refinance closing costs in Virginia typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When Reston, Virginia Homeowners Should Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our Virginia refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in Reston, Virginia
Are refinance rates higher than purchase mortgage rates in Virginia?
When does refinancing make sense in Reston, Virginia?
How soon can I refinance a mortgage in Virginia?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs in Virginia?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I find the best refinance lender in Reston, Virginia?
What are the best refinance rates in Reston, Virginia?
- Wells Fargo: 6.25% (30-Year Fixed-Rate VA)
- Chevron Federal Credit Union: 6.88% (30-Year Fixed)
- Citizens Bank: 7.25% (30-Year Fixed Rate)
- Beacon Credit Union Incorporated: 6.47% (Mortgage Loans - 5/1 ARM - 30 Year Fixed Refinance)
- Commonwealth One Federal Credit Union: 6.38% (30 Year Fixed)
Reston, Virginia Rates & Resources
