Mortgage Rates in Waynesboro, Virginia — March 2026
Updated March 2026 | Based on Waynesboro market data and regional lending conditions
Waynesboro is a growing city in Virginia with a population of 22,630. The current 30-year fixed mortgage rate in Waynesboro is 6.62%, which is 0.03% below the national average. With a median home price of $289,000 and a 20% down payment of $57,800, homebuyers can expect a monthly principal and interest payment of approximately $1,480.
Current Mortgage Rates in Waynesboro, VA
Below are the current average mortgage rates available in the Waynesboro 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Waynesboro Housing Market Overview
The Waynesboro housing market offers relatively affordable housing compared to many major cities. The median household income in Waynesboro is $74,300, and the cost of living index is 96.6 (national average = 100). Based on the 28% affordability rule, the median income in Waynesboro is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Waynesboro
Based on the median home price of $289,000 with 20% down ($57,800), here is what you can expect to pay monthly in Waynesboro:
15-Year vs. 30-Year Mortgage in Waynesboro
Choosing a 15-year mortgage in Waynesboro at 5.89% instead of a 30-year at 6.62% would save you $184,140 in total interest over the life of the loan. However, your monthly payment would be $1,937 instead of $1,480 — an increase of $457 per month.
Calculate Your Waynesboro 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 Waynesboro
What are the current mortgage rates in Waynesboro, VA?
As of March 2026, the average 30-year fixed mortgage rate in Waynesboro, Virginia is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Waynesboro?
Based on the median home price of $289,000 with 20% down, the estimated monthly mortgage payment in Waynesboro is $1,480 for principal and interest. Including property taxes of $200/month, the total monthly housing cost is approximately $1,680.
What income do I need to buy a home in Waynesboro?
Using the 28% rule, you would need an annual income of approximately $72,000 to afford the median-priced home in Waynesboro at $289,000. The median household income in Waynesboro is $74,300. The median income is currently sufficient to meet this threshold.
Is Waynesboro a good place to buy a home in 2026?
Waynesboro offers a below-average cost of living with a cost of living index of 96.6 (national average = 100). The property tax rate in Virginia is 0.83%, which is near the national average. Waynesboro has a population of 22,630 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Waynesboro, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.