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Bedford County FHA Loan Calculator

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

Loan Details

Bedford County, VA Benchmarks

FHA averages
Typical Property Value$319,703
Average Down Payment12.8%
Average Interest Rate6.353%
Effective Tax Rate0.43%
Median Tax Paid$1,285/yr
Tax Growth (Historical)-1.5%
Based on 371 regional loans totaling $98,245,000 (HMDA database).
$
%

$40,922 down · $278,781 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$115 / month

$

Annual premium

$

Per month

%

$118 / month

Estimated Monthly Payment

$2,148/mo

  • Principal & Interest$1,765
  • Property Tax$115
  • Home Insurance$150
  • FHA MIP$118
Amortization · Remaining Balance

Financed Loan Amount

$283,660

Total Interest

$351,752

Total of Payments

$635,411

*Includes financed FHA Upfront MIP of $4,879

Local Market Insights

Bedford County FHA Mortgage Overview

For Bedford County homebuyers using an FHA loan, the 12.80% down payment on a $319,703 property provides accessible entry but mandates Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of the 87.20% loan-to-value ratio. The 0.43% effective property tax rate, with a recent -1.5% inflation-adjusted decrease, slightly improves monthly affordability. This data, reflecting 100% primary occupancies, suits those with sub-620 credit seeking an FHA loan with PMI and taxes in Bedford County, VA, though the MIP is permanent. Understanding Bedford County FHA loan limits and property taxes is key to budgeting true monthly costs.

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.