The state of Virginia outlined with the state flag overlaid on top of it


VA Loans in Virginia

The VA Loan is one of the most powerful tools available exclusively for military families and veterans. In Virginia, veterans and active-duty military have been taking advantage of the benefits of the VA Loan in cities such as Virginia Beach, Chesapeake, Norfolk, Richmond, and Arlington.

The cost of homes across the United States has been steadily increasing in recent years. With a $0 down payment requirement, no PMI, lower interest rates, and a more relaxed credit score requirement, the VA Loan is making homeownership a reality for more military families and veterans in Virginia now than ever before.

Median Sale Price of Homes in Virginia*

Virginia Beach










Virginia Statewide Average


*Data pulled from Redfin (April 2022)


Property Taxes in Virginia

In the state of Virginia, property taxes are slightly lower than the national average of 1.07% with a rate of 0.80%, according to SmartAsset. Property tax bills are administered by cities, counties, and towns in Virginia and each local jurisdiction has their own due dates. There are several tax exemptions in Virginia that you may be eligible to take advantage of including for low-income seniors, disabled residents, disabled veterans, and more.

VA Disability in Virginia

Common property tax exemptions are reserved for veterans, disabled veterans, seniors over the age of 65, and more. Since these exemptions can vary by county and state and often have strict qualification standards, not every veteran or homeowner qualifies, but those that do are able to reap the benefits of significant savings.

Disabled veterans in Virginia that have a 100% service-connected disability can get a full property tax exemption on their primary residence. Since these rates can vary based on location (i.e., exemptions in Virginia Beach may be different from those in Arlington or Richmond), you’ll want to contact your local municipal tax assessor’s office.

Insurance Programs in Virginia

Natural disasters can happen anytime and are often unexpected or occur suddenly which makes it critical that you and your family are sufficiently covered. The most common natural disasters in Virginia that homeowners are insured against include wildfires, severe storms, flooding, and windstorms. The best way to ensure you’re getting the best coverage for your location; we recommend you consult with a licensed insurance company.

Military Presence in Virginia

Virginia is home to 27 military bases including some of the most powerful and large bases found anywhere in the country. Since there are over two dozen military bases in Virginia and every branch of the military has a base in the state, thousands of veterans call it home.

VA Home Loan Volume in 2021 in Virginia*

Total Loans


Average Loan Amount


Total Loan Amount (ALL)


Total Purchase Loans


Total Purchase Loans %


Total IRRRL Loans


Total IRRRL Loans %


Total Cash-Out Loans


Total Cash-Out Loans %


*Data pulled from the Department of Veterans Affairs (April 2022)

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FAQ’s about VA Loans in Virginia

How do I buy a house in Virginia? The best way to get started is to give us a call or fill out this form to get started!

How do I find more information about property taxes and exemptions for veterans in Virginia? Click here to read more details regarding major property tax exemptions in every state.

What are the average interest rates in Virginia? Interest rates for VA Loans are often lower than the national average rates for conventional loans. Click here to learn more about interest rates.