Amelia County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Amelia County, Virginia based on real HMDA transaction records.

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Amelia County, VA Benchmarks

FHA averages

Typical Property Value$327,561

Average Down Payment9.9%

Average Interest Rate6.348%

Effective Tax Rate0.43%

Home Price

Down Payment

$32,429 down · $295,132 financed

Estimated Monthly Payment

$2,261/mo

Principal & Interest$1,869
Property Tax$117
Home Insurance$150
FHA MIP$125

Amortization · Remaining Balance

Financed Loan Amount

$300,297

Total Interest

$372,383

Total of Payments

$672,680

*Includes financed FHA Upfront MIP of $5,165

Local Market Insights

Amelia County FHA Mortgage Overview

For homebuyers in Amelia County, the FHA loan data reveals an accessible market with a 9.95% down payment on an average property value of $327,560.98. This low entry point is ideal, but note that the 90.05% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity buildup. The 6.348% interest rate, combined with a low 0.43% effective property tax rate and a modest 1.2% inflation-adjusted tax increase, keeps monthly costs manageable. This data reflects 100% owner-occupied purchases, confirming these are standard homebuyers rather than investors, making an FHA loan with PMI and taxes in Amelia County, VA a practical choice for those seeking predictable primary residence financing.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.