FHA single-family mortgages in VIRGINIA can have down payments as little as 3%. In some cases, FHA insurance allows homebuyers to finance approximately 97% of the value of their home purchased with their FHA mortgage.

FHA Loan Rates

July 25, 2014
30 Year Fixed
3.95% Rate
3.96% APR
15 Year Fixed
3.0% Rate
3.29% APR

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Virginia's economy is balanced, with diverse sources of income, including government and military, farming, and business. In 2009, Forbes Magazine named Virginia the best state in the nation for business for the fourth year in a row. Virginia has the highest concentration of technology workers of any state and is home to 18 Fortune 500 companies. Northern Virginia once considered the state's dairy capital, now hosts software, communication technology, and consulting companies.

Many of Northern Virginia's well-educated population work directly for federal agencies. Many others work for government contractors, including defense and security firms. Government agencies headquartered in Northern Virginia include the CIA and the Department of Defense, as well as the National Science Foundation, the United States Geological Survey and the United States Patent and Trademark Office.

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