About Richard Day
Richard has been a mortgage banker since 1988. Born in Kirkwood, MO (sub. of St. Louis), he moved to Austin, TX to study, then 3 years later moved to Baltimore where he entered the lending industry. In 1997, he moved to Richmond, VA, where resides with his girlfriend Beth, that is when they are not at her beach house in Corolla, NC.
Since 1991 he has helped borrowers fund over 1,500 renovation mortgages. He was the first loan officer in the U.S. to create a curriculum to teach renovation financing as a continuing education course for the real estate industry ('93). In addition to funding renovation loans, he has been a borrower on 4 different properties: An investor purchase; a refinance of a primary residence (addition); a owner occupied primary residence of a 1912 home that he lived in for 10 years; and an 1853 shell that he purchased and renovated into a 3 unit dwelling. Richard can do most any kind of mortgage, but his love of old houses keeps him focused in the renovation lending space. He hates to waste things, and almost everything is fixable.
Richard has 2 sons. Liam a graduate of James Madison University (Poli Sci. and Econ.) is now in the Peace Corps and plans to pursue a career in government/public policy. Luke is a senior psychology major at Virginia Commonwealth University and is interested in pursuing a career in applied behavioral analysis.
A lover of music, Richard has owned thousands of vinyl records and regularly catalogues a wide variety of music in every imaginable genre. On occassion you can get a Cajun or Zydeco dance lesson from him at a local haunt in Richmond and at thier annual Folk Festival. He is passionate about squash, the sport, (see 2028 Olympics) and plays as often as possible, despite having both of his knees replaced in 2024. His favorite mode of trasportation is his 1996 BMW R850R, or his 1978 Lambretta J200 scooter. Almost every summer, time allowing, he cans around 75 jars of homemade salsa.
The right advice could help you find the right mortgage for you. Let's work together.
Get approved in one day
The competitive edge you need to purchase the home you want. Get a fast approval with options as little as 3% down.
Current mortgage rates
Points:
| Loan Type | Rate | APR | Points | Mo. Payment |
|---|---|---|---|---|
| 30-year fixed | 6.850% | 7.137% | 0.982 ($3437.00) | $2293.41 |
| 15-year fixed | 5.875% | 6.247% | 0.733 ($2565.50) | $2929.91 |
| FHA loan | 6.250% | 7.223% | 0.696 ($2124.54) | $2016.25 |
| VA loans | 6.175% | 6.719% | 0.972 ($3971.60) | $2495.92 |
| Jumbo loans | 6.350% | 6.570% | 0.956 ($8604.00) | $5600.12 |
* Rates current as of 3/29/2025 05:21 pm, provided by Richard Day, for Stafford County, VA, and are subject to change without notice.
Mortgage rates disclaimers
30 year, 15 year rate assumptions
- Purchase price: $437,500
- Down payment: 20.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 30 day rate lock
- 80.00% LTV ratio
FHA rate assumptions
- Purchase price: $310,880
- Down payment: 3.50%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 96.50% LTV ratio
Jumbo rate assumptions
- Purchase price: $1,200,000
- Down payment: 25.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 25 day rate lock
- 75.00% LTV ratio
VA rate assumptions
- Purchase price: $400,000
- Down payment: 0.00%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 100.00% LTV ratio
- Must meet eligibility assumptions to qualify
This is NOT a mortgage loan approval or commitment to lend.
The actual fees, costs, and monthly payment on your specific loan transaction may
vary, and may include city, county, or other additional fees and costs. Mortgage rates
are offered exclusively through Rate, Inc. and are subject to change without
notice. The payment amount does not include homeowners' insurance, flood insurance
(if applicable), or property taxes that must be paid in addition to your loan payment.
The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money
expressed as a yearly percentage. For mortgage loans, excluding home equity lines of
credit, it includes the interest rate plus other charges or fees (such as mortgage
insurance, discount points, and origination charges). These mortgage rates are based
upon a variety of assumptions and conditions, which include a consumer credit score
that may be higher or lower than your individual credit score. Your loan's interest
rate will depend upon the specific characteristics of your loan transaction and your
credit history up to the time of closing. Refinancing may cause finance charges to be
higher over the life of the loan. Rate, Inc. has no affiliation
with the US Department of Housing and Urban Development, the US Department of Veterans
Affairs, the Nevada Department of Veterans Services, the US Department of Agriculture,
or any other government agency.
We're in your pocket
We're committed to you as a whole person, from financial to physical and emotional wellness. Get the Rate experience in a convenient app to fit your lifestyle on-the-go.
The Rate App allows you to:
- Monitor your loan status
- Connect with your loan team
- Calculators, tools, guides, and advice
- Track your home value
- Wellness tips to help you grow holistically
Download our app
Now available on
Located at 385 Garrisonville Road, Suite 117 Stafford VA, 22554