Richmond Mortgages: Investing in Virginia’s Creative Capital

Welcome to Richmond, a city where historic brick-lined streets meet a booming modern economy. From the vibrant arts scene in the Museum District to the suburban excellence of Short Pump, RVA offers a unique blend of heritage and growth cite: source. The Smith Mortgage Group is your local expert, helping you navigate a market where classic architecture meets 21st-century value cite: source.

We are proud to serve the professionals at Capital One, VCU Health System, Dominion Energy, Amazon, and the City of Richmond cite: source.

The Richmond Market: Resilience and Opportunity in 2026

As of early 2026, the Richmond housing market remains fundamentally strong with an average home value of approximately $382,000 cite: source. While inventory is rising in suburban Henrico and Chesterfield, city core neighborhoods remain highly competitive, with homes often going pending in just 13 to 15 days cite: source. Buyers in 2026 are finding more opportunities for negotiation in the "move-up" market, even as first-time buyer demand continues to drive modest annual appreciation of around 2.5% cite: source.

Empowering RVA Homebuyers

Richmond residents have access to several high-impact programs designed to make homeownership attainable in Central Virginia cite: source:

• Virginia Housing DPA Grant: A non-repayable grant providing 2% to 2.5% of the purchase price for qualified first-time buyers cite: source.
• City of Richmond HOME Program: Forgivable loans up to $15,000 for down payment and closing costs for low-to-moderate income households cite: source.
• Henrico County DPA: Specialized assistance for Henrico residents, including a deferred payment loan to bridge the affordability gap cite: source.
• Virginia Housing Bond Program: Lower interest rates for borrowers with household incomes under $110,000 (for 3+ people) in the Richmond MSA cite: source.

Integrity in the River City

High-Impact Tools for Central Virginia Success

• Historic Home Specialists: Expert financing for the 19th-century treasures of The Fan and Church Hill cite: source.
• New Construction Financing: Secure preferred rates for the rapid expansion in Moseley and New Kent cite: source.
• Investor Portfolio Loans: Creative options for multi-unit properties near VCU and Scott’s Addition cite: source.
• MCC Tax Credits: Take advantage of the Mortgage Credit Certificate to save on federal taxes for the life of your loan cite: source.

Spotlight on Richmond’s Top Neighborhoods