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Scott County FHA Loan Calculator

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

Loan Details

Scott County, VA Benchmarks

FHA averages
Typical Property Value$227,222
Average Down Payment12.8%
Average Interest Rate6.446%
Effective Tax Rate0.68%
Median Tax Paid$885/yr
Tax Growth (Historical)+3.9%
Based on 54 regional loans totaling $10,490,000 (HMDA database).
$
%

$29,084 down · $198,138 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$129 / month

$

Annual premium

$

Per month

%

$84 / month

Estimated Monthly Payment

$1,630/mo

  • Principal & Interest$1,268
  • Property Tax$129
  • Home Insurance$150
  • FHA MIP$84
Amortization · Remaining Balance

Financed Loan Amount

$201,605

Total Interest

$254,752

Total of Payments

$456,357

*Includes financed FHA Upfront MIP of $3,467

Local Market Insights

Scott County FHA Mortgage Overview

Scott County FHA buyers benefit from the 12.76% average down payment, offering accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. The 87.24% loan-to-value ratio confirms this is a strong owner-occupied market, ideal for those with sub-620 credit. At 0.68%, the effective property tax rate is modest, but a 3.9% inflation-adjusted increase will raise monthly costs. When using a Scott County FHA loan down payment analysis with PMI and taxes, factor in this tax shift to gauge true affordability. The $227,222 average property value and 6.446% rate further shape local loan limits.

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.