Mortgage Rates in Danville, Virginia — March 2026
Updated March 2026 | Based on Danville market data and regional lending conditions
Danville is a growing city in Virginia with a population of 40,733. The current 30-year fixed mortgage rate in Danville is 6.25%, which is 0.4% below the national average. With a median home price of $115,000 and a 20% down payment of $23,000, homebuyers can expect a monthly principal and interest payment of approximately $567.
Current Mortgage Rates in Danville, VA
Below are the current average mortgage rates available in the Danville area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.25% | 6.65% | -0.4% |
| 15-Year Fixed | 5.49% | 5.89% | -0.4% |
| 5/1 ARM | 5.75% | 6.15% | -0.4% |
| FHA | 5.85% | 6.25% | -0.4% |
| VA | 5.65% | 6.05% | -0.4% |
| Jumbo | 6.45% | 6.85% | -0.4% |
Danville Housing Market Overview
The Danville housing market offers relatively affordable housing compared to many major cities. The median household income in Danville is $32,000, and the cost of living index is 78 (national average = 100). Based on the 28% affordability rule, the median income in Danville is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Danville
Based on the median home price of $115,000 with 20% down ($23,000), here is what you can expect to pay monthly in Danville:
15-Year vs. 30-Year Mortgage in Danville
Choosing a 15-year mortgage in Danville at 5.49% instead of a 30-year at 6.25% would save you $68,940 in total interest over the life of the loan. However, your monthly payment would be $751 instead of $567 — an increase of $184 per month.
Calculate Your Danville Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Danville
What are the current mortgage rates in Danville, VA?
As of March 2026, the average 30-year fixed mortgage rate in Danville, Virginia is 6.25%, while the 15-year fixed rate is 5.49%. FHA loans average 5.85% and VA loans 5.65%. These rates are 0.4% below the national average of 6.65%.
How much is a monthly mortgage payment in Danville?
Based on the median home price of $115,000 with 20% down, the estimated monthly mortgage payment in Danville is $567 for principal and interest. Including property taxes of $77/month, the total monthly housing cost is approximately $644.
What income do I need to buy a home in Danville?
Using the 28% rule, you would need an annual income of approximately $27,600 to afford the median-priced home in Danville at $115,000. The median household income in Danville is $32,000. The median income is currently sufficient to meet this threshold.
Is Danville a good place to buy a home in 2026?
Danville offers a below-average cost of living with a cost of living index of 78 (national average = 100). The property tax rate in Virginia is 0.8%, which is below the national average. Danville has a population of 40,733 and offers a very affordable lifestyle.
Mortgage Rates in Other Virginia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Danville, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.