Catch the Wave: How Today’s Interest Rates Boost Your Home Buying Power in Virginia Beach

Buy More Home for The Same Money: see how today's rates can increase your buying power.

For many, Virginia Beach offers not just a home but a lifestyle. With mortgage rates now averaging around 5.75% (September 2025), buyers have fresh opportunities to stretch their budgets without stretching their monthly payments.

Why Interest Rates Matter

Most homeowners know that interest rates directly impact how much home your monthly payment buys. When rates go down, your purchasing power goes up, giving you access to more home or a lower monthly payment at the same price point.

A Real Example: Buying a $500,000 Home

Suppose you’re purchasing a $500,000 home with a 20% down payment:

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That’s roughly $410/month less, or nearly $5,000/year you could direct toward upgrades, savings, or simply enjoying your new coastal lifestyle.

Or look at it another way: if you’re comfortable with a $3,300 monthly payment, today’s lower rate means you could afford around $565,000 worth of home instead of $500,000 at last year’s higher rate. That’s more space, premium finishes, or a location closer to the beach, without increasing your monthly payment.

New Home Buyer Incentive

Many new construction home builders, including Bishard Homes, offer the option to buy down your mortgage rate by up to 1%. In this example, that could lower your rate from 5.75% to 4.75%, reducing your monthly payment and giving you extra flexibility in your budget.

*This applies to certain selections and incentives

That’s roughly $650/month back in your pocket, which opens the door to upgrades, experiences, and costal living.

Why Virginia Beach Stands Out

Virginia Beach continues to show steady year-over-year home value growth, averaging 2-3%, fueled by strong demand from military families and a diverse local economy. This ongoing demand brings stability to the housing market and makes investing here a smart long-term move, especially with today’s lower rates.

Making the Move

Lower mortgage rates create an opportunity to revisit your home search, especially in a stable coastal market like Virginia Beach. Whether you’re upgrading, downsizing, or buying your first home, today’s numbers could work in your favor.

Schedule an appointment with Bishard Homes today to see exactly what your monthly payment could look like and how much home your budget can truly buy. Your dream coastal lifestyle may be closer than you think.