VA mortgage rates

Craig County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Craig County, Virginia. Use the verified baseline numbers below to calculate your refinance payment, evaluate your home equity, and monitor when rate alerts make refinancing advantageous.

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2026 limits

2026 Mortgage Loan Limits

Craig County

Conforming Loan Limits

Per property
1 unit$832,750
2 units$1,066,250
3 units$1,288,800
4 units$1,601,750

FHA Loan Limits

Per property
1 unit$541,287
2 units$693,050
3 units$837,700
4 units$1,041,125

Source: Official Federal Housing Finance Agency (FHFA) and HUD loan limit schedules. Conforming data represents conventional maximums. Last synchronized: 2026 update cycle.

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Refinance Payment Estimate

Estimate Your Refinance in Craig County

Use your current mortgage details to estimate a new refinance payment and potential monthly savings.

Estimated New Monthly Payment$2,528Principal & interest only
Home value − mortgage balance
Mortgage balance ÷ home value
Added to the proposed new loan
Proposed New Loan Amount$400,000
Estimated New Payment$2,528
Estimated Monthly SavingsAdd current rate

Estimates include principal and interest only. Taxes, insurance, closing costs, and mortgage insurance are not included.

About Craig

A local view of the market.

The real estate market in Craig County, Virginia, is currently experiencing a seller's market, with the median home sold price reaching $232,500 in October 2024, marking a 29.2% increase from the previous year. This rise in home values indicates a strong demand for housing in the area, with homes selling relatively quickly. Craig County is home to several small communities, with New Castle being the county seat and most prominent town. While specific population figures for these towns are not detailed in the available data, New Castle serves as the central hub for the county's residents and services. Living in Craig County offers a predominantly rural lifestyle, characterized by its scenic landscapes and agricultural activities. The county's economy is supported by industries such as farming and small-scale manufacturing. People may be drawn to Craig County for its peaceful rural environment, affordable housing options, and the opportunity to engage in agricultural pursuits or enjoy a quieter, more nature-oriented lifestyle.

County snapshot

Market context.

VA

Public location data associated with this county record. Optional fields are shown only when present in the source.

Market areaRoanokeMapped market area
Area code40220CBSA / MSA reference
Data year2026Aligned with this limit record
Questions & Answers

Refinancing in Craig County

Common questions about 2026 loan limits and refinancing opportunities in Virginia.

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