Mortgage Rates in West Springfield, Virginia — March 2026
Updated March 2026 | Based on West Springfield market data and regional lending conditions
West Springfield is a growing city in Virginia with a population of 32,400. The current 30-year fixed mortgage rate in West Springfield is 6.69%, which is 0.04% above the national average. With a median home price of $340,000 and a 20% down payment of $68,000, homebuyers can expect a monthly principal and interest payment of approximately $1,753.
Current Mortgage Rates in West Springfield, VA
Below are the current average mortgage rates available in the West Springfield 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
West Springfield Housing Market Overview
The West Springfield housing market reflects moderate demand with prices near the national average. The median household income in West Springfield is $76,000, and the cost of living index is 105.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $85,457 to comfortably afford the median-priced home in West Springfield, which exceeds the current median household income.
Monthly Payment Breakdown for West Springfield
Based on the median home price of $340,000 with 20% down ($68,000), here is what you can expect to pay monthly in West Springfield:
15-Year vs. 30-Year Mortgage in West Springfield
Choosing a 15-year mortgage in West Springfield at 5.95% instead of a 30-year at 6.69% would save you $219,240 in total interest over the life of the loan. However, your monthly payment would be $2,288 instead of $1,753 — an increase of $535 per month.
Calculate Your West Springfield 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 West Springfield
What are the current mortgage rates in West Springfield, VA?
As of March 2026, the average 30-year fixed mortgage rate in West Springfield, Virginia is 6.69%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in West Springfield?
Based on the median home price of $340,000 with 20% down, the estimated monthly mortgage payment in West Springfield is $1,753 for principal and interest. Including property taxes of $241/month, the total monthly housing cost is approximately $1,994.
What income do I need to buy a home in West Springfield?
Using the 28% rule, you would need an annual income of approximately $85,457 to afford the median-priced home in West Springfield at $340,000. The median household income in West Springfield is $76,000. This means most households would need to either earn above the median or consider homes below $340,000.
Is West Springfield a good place to buy a home in 2026?
West Springfield has a moderate cost of living with a cost of living index of 105.1 (national average = 100). The property tax rate in Virginia is 0.85%, which is near the national average. West Springfield has a population of 32,400 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 West Springfield, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.