VA mortgage rates

Franklin County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Franklin 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

Franklin 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 Franklin 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 Franklin

A local view of the market.

The real estate market in Franklin County, Virginia, is experiencing growth, with the average home value reaching $348,516, marking a 7.0% increase over the past year. Homes in the area typically go to pending status in about 21 days, indicating a relatively active market. Franklin County includes several notable cities, with Rocky Mount being the largest. Rocky Mount has a population of approximately 4,800 residents, serving as the county seat and a central hub for commerce and culture. Other significant areas include Boones Mill and Ferrum, each contributing to the county's charm and community life. Living in Franklin County offers a blend of rural and suburban experiences, with a strong emphasis on agriculture and farming. The county's economy is supported by industries such as agriculture, manufacturing, and retail trade. Many people are drawn to Franklin County for its scenic landscapes, lower cost of living, and the appeal of a quieter, more rural lifestyle compared to urban centers.

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 Franklin County

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

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