Licensed in Virginia
Mortgages in Richmond, done right.
Richmond is Virginia's capital and one of the state's largest housing markets outside Hampton Roads, roughly two hours up I-64 from our Virginia Beach office. Our loan officers work with Richmond buyers the same way we work with anyone else in the state: real conversations by phone and video, not a drive-in requirement.
#MC-7566
VA License
240,000
Population
Written by the East Coast Mortgage team
Editorial review: East Coast Mortgage, NMLS #2354674 · Last reviewed
Virginia's capital, about two hours from our office. East Coast Mortgage is licensed to lend anywhere in Virginia under state license #MC-7566, Richmond included, not a separate city-by-city license.
By the numbers
Richmond financing data
Published figures only, each with its source and date. Not a rate quote, and not a commitment to lend.
$832,750
2026 conforming loan limit, one unit
City of Richmond, VA. Above this, a loan is a jumbo. Source: FHFA
National 30-year fixed market average, month-end close
| Month | Conventional | FHA | VA |
|---|---|---|---|
| Aug 2026 | 6.87% | 6.40% | 6.42% |
| Sep 2026 | 7.60% | 7.25% | 7.25% |
| Oct 2026 (to October 19) | 7.43% | 7.04% | 7.05% |
The conventional average moved up 0.56 percentage points between August 31, 2026 and October 19, 2026.
National averages from the Mortgage News Daily daily rate index, as of October 19, 2026. These are market averages for top-tier borrowers, not East Coast Mortgage rates and not an offer of credit. Your rate depends on your credit, loan amount, property, and the market on the day you lock. Weekly market recaps
Licensed to serve Richmond
Real loan officers, individually licensed for all of Virginia.
Popular programs in Richmond
Every loan program below is available to Richmond borrowers. See all 23 →
Home Loans for Military Families
Home loans backed by the VA for active-duty service members, veterans, and some spouses, with no monthly mortgage insurance.
FHA LoanEasier to Qualify For
A lower credit score and a smaller down payment are OK. A common choice for first-time buyers.
Conventional LoanThe Standard Option
For buyers with solid credit and some savings. Usually the lowest-cost choice if you qualify.
USDA LoanHome Loans Outside the City
Backed by the USDA for buyers in eligible small towns and suburbs, more areas than most people expect.
Jumbo LoanFor Higher-Priced Homes
When a home costs more than a standard loan covers, this is built for it.
RefinancingTrade In Your Current Loan
Lower your rate, change your term, or turn your equity into cash.
Not in Richmond? See all of Virginia or another city nearby: Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Suffolk, Portsmouth.
Licensed loan officer? See openings in Virginia →
Sources
- FHFA: Conforming loan limit values
- HUD: FHA mortgage limits lookup
- Mortgage News Daily: Daily mortgage rate index
General information, not advice for your specific situation. Program rules come from the agencies above and from each lender, and they change. A licensed loan officer confirms what applies to you.
Ready when you are
Ready to find your yes in Richmond?
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NMLS #2354674 · Equal Housing Opportunity · Not a commitment to lend