Median Total Costs
$6,860
+2.7% vs national ($6,680)
↓ $53 vs prior year
Median Rate
6.450%
−0.6% vs national (6.490%)
Median Origination
$1,890
Purchase Originations
84,640
Denial Rate
6.4%
vs national avg (9.0%)
Virginia is a non-judicial foreclosure state that primarily uses deeds of trust rather than mortgages, allowing lenders to foreclose through a trustee sale process without court involvement. Virginia is an attorney-closing state, meaning a licensed attorney must conduct or supervise the closing, which adds to closing costs but provides legal oversight of the transaction. The state imposes a grantor's tax (seller-paid) and a recordation tax (buyer-paid) on real estate transfers; rates vary by locality and are set at both the state and local levels. Title insurance in Virginia operates under a prior-approval rate system, meaning insurers must file rates with and obtain approval from the State Corporation Commission before use. Virginia does not have a blanket ban on mortgage prepayment penalties, though federal Qualified Mortgage rules limit them for most conventional loans. The Virginia State Corporation Commission Bureau of Insurance and the Bureau of Financial Institutions oversee mortgage lending and title insurance activity. The Virginia Attorney General's office has consumer protection authority over deceptive lending practices.
Virginia's loan mix is shaped significantly by its large military population. VA loans accounted for 22.5% of purchase originations in 2024 (19,036 loans) — well above the national average — driven by major installations including Naval Station Norfolk, Joint Base Langley-Eustis, and the Pentagon corridor. Conventional loans dominated at 60.4% (51,045 originations), reflecting the state's high home values and concentration of higher-income borrowers in Northern Virginia. FHA loans made up 16.0% (13,501 originations), serving first-time and lower-down-payment buyers. USDA loans were minimal at 1.1% (924 originations), consistent with Virginia's largely suburban and urban population distribution.
Atlantic Bay Mortgage Group
Atlantic Bay is headquartered in Virginia Beach and operates extensively across Virginia, making it one of the few top-volume lenders with deep local market roots in the state. Its 3,313 originations in 2024 reflect a significant regional presence, with a median total cost of $8,033.
Mortgage Research Center, LLC
Operating primarily under the Veterans United Home Loans brand, Mortgage Research Center is heavily focused on VA loans, which aligns with Virginia's large active-duty and veteran population. It recorded 3,119 originations in 2024 with a median total cost of $6,832.
Movement Mortgage
Movement Mortgage maintains a broad retail branch network across Virginia and is active in both conventional and government-backed loan segments. Its 3,046 originations in 2024 reflect consistent statewide volume, with a median total cost of $7,790.
| Loan type | Volume | Median Rate | Median Total Costs |
|---|---|---|---|
| conventional | 50,191 | 6.500% | $5,631 |
| fha | 14,049 | 6.375% | $11,786 |
| va | 19,435 | 6.125% | $8,339 |
| usda | 965 | 6.250% | $7,007 |
Ranked by median total loan costs among lenders with 50+ purchase originations in Virginia.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $0 | 6.500% | $0 | 624 | −$6,860 | |
| 2 | $798 | 6.125% | $0 | 185 | −$6,062 | |
| 3 | $1,447 | 7.940% | $1,000 | 100 | −$5,413 | |
| 4 | $2,929 | 3.000% | $704 | 51 | −$3,931 | |
| 5 | $3,212 | 6.375% | $650 | 158 | −$3,648 | |
| 6 | $3,311 | 6.857% | $1,291 | 110 | −$3,549 | |
| 7 | $3,670 | 6.875% | $1,250 | 56 | −$3,190 | |
| 8 | $3,856 | 3.875% | $704 | 61 | −$3,004 | |
| 9 | $3,929 | 5.625% | $995 | 185 | −$2,931 | |
| 10 | $4,040 | 7.375% | $1,590 | 244 | −$2,820 | |
| 11 | $4,073 | 6.188% | $271 | 100 | −$2,787 | |
| 12 | $4,098 | 6.125% | $0 | 2,535 | −$2,762 | |
| 13 | $4,121 | 6.500% | $750 | 75 | −$2,739 | |
| 14 | $4,150 | 6.500% | $1,500 | 130 | −$2,710 | |
| 15 | $4,173 | 7.125% | $1,524 | 226 | −$2,687 | |
| 16 | $4,364 | 6.500% | $1,600 | 112 | −$2,496 | |
| 17 | $4,416 | 6.625% | $0 | 2,152 | −$2,444 | |
| 18 | $4,443 | 6.125% | $250 | 149 | −$2,417 | |
| 19 | $4,497 | 6.500% | $1,540 | 125 | −$2,363 | |
| 20 | $4,527 | 6.375% | $1,305 | 224 | −$2,333 | |
| 21 | $4,553 | 6.500% | $1,490 | 62 | −$2,307 | |
| 22 | $4,562 | 6.500% | $1,295 | 244 | −$2,298 | |
| 23 | $4,565 | 6.375% | $1,106 | 831 | −$2,295 | |
| 24 | $4,658 | 6.375% | $1,125 | 289 | −$2,202 | |
| 25 | $4,671 | 6.375% | $995 | 97 | −$2,189 |
Includes lenders with 50+ purchase originations in Virginia. Source: HMDA 2025. Sorted by median total loan costs.
Total closing costs in Virginia typically represent a meaningful share of the transaction, with government-backed loans carrying notably different cost profiles: FHA borrowers saw a 2024 median of $11,890, largely due to upfront mortgage insurance premiums, while VA borrowers saw $8,913, which includes the VA funding fee. Conventional borrowers came in lower at $5,531. Line items that tend to dominate include lender origination charges, title insurance premiums, attorney fees (required by state law), and transfer/recordation taxes. Transfer taxes are among the items most worth scrutinizing, as they vary by locality. Title insurance and settlement fees are the most commonly shopped items — comparing at least two or three providers on your Loan Estimate can produce meaningful savings.
Got a Virginia Closing Disclosure or Loan Estimate?
HMDA medians tell you what Virginia lenders usually charge. Upload your paperwork to see exactly how your quote compares — and get a ready-to-send negotiation email.
See user-reported fees for lenders serving Virginia →
Grades A–F from verified closing disclosure and loan estimate uploads — not industry medians.
Fairfax County
9,487 originations
Loudoun County
4,863 originations
Virginia Beach city
4,715 originations
Chesterfield County
4,704 originations
Prince William County
4,457 originations
Henrico County
3,393 originations
Chesapeake city
3,179 originations
Norfolk city
2,452 originations
Spotsylvania County
1,878 originations
Richmond city
1,856 originations
Stafford County
1,840 originations
Arlington County
1,670 originations
Newport News city
1,590 originations
Alexandria city
1,567 originations
Suffolk city
1,554 originations
Hampton city
1,531 originations
Portsmouth city
1,320 originations
Frederick County
1,274 originations
Hanover County
1,198 originations
Roanoke County
1,063 originations
Albemarle County
995 originations
James City County
965 originations
Roanoke city
877 originations
Bedford County
847 originations
Fauquier County
792 originations
York County
733 originations
Rockingham County
719 originations
Augusta County
716 originations
Lynchburg city
714 originations
Montgomery County
658 originations
Orange County
652 originations
Culpeper County
634 originations
Louisa County
588 originations
Isle of Wight County
564 originations
Caroline County
548 originations
Campbell County
544 originations
New Kent County
511 originations
Franklin County
479 originations
Warren County
477 originations
Shenandoah County
453 originations
Gloucester County
414 originations
Goochland County
396 originations
Washington County
371 originations
Botetourt County
356 originations
Fluvanna County
355 originations
Powhatan County
350 originations
Pittsylvania County
330 originations
Manassas city
325 originations
King George County
322 originations
Waynesboro city
320 originations
Petersburg city
317 originations
King William County
310 originations
Pulaski County
306 originations
Westmoreland County
305 originations
Fairfax city
304 originations
Henry County
304 originations
Prince George County
295 originations
Amherst County
287 originations
Staunton city
285 originations
Dinwiddie County
281 originations
Accomack County
253 originations
Hopewell city
246 originations
Greene County
241 originations
Winchester city
237 originations
Mecklenburg County
234 originations
Salem city
232 originations
Tazewell County
224 originations
Halifax County
223 originations
Page County
222 originations
Carroll County
208 originations
Wythe County
208 originations
Danville city
207 originations
Charlottesville city
207 originations
Fredericksburg city
203 originations
Harrisonburg city
196 originations
Colonial Heights city
187 originations
Poquoson city
185 originations
Appomattox County
182 originations
Rockbridge County
178 originations
Manassas Park city
167 originations
Smyth County
159 originations
Prince Edward County
153 originations
Southampton County
152 originations
Amelia County
152 originations
Bristol city
150 originations
Falls Church city
148 originations
Wise County
148 originations
Lancaster County
134 originations
Russell County
130 originations
Giles County
129 originations
Franklin city
126 originations
Nottoway County
125 originations
Cumberland County
124 originations
Northumberland County
124 originations
Clarke County
120 originations
Madison County
115 originations
Middlesex County
115 originations
Buckingham County
114 originations
Floyd County
112 originations
Radford city
110 originations
Scott County
110 originations
Martinsville city
109 originations
Essex County
107 originations
Patrick County
107 originations
Lee County
100 originations
Alleghany County
100 originations
See Virginia closing cost details, fee benchmarks, and county comparisons → Virginia Closing Costs Guide
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.