Cathedral, Virginia Mortgage Rates

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Cathedral Home Purchase Rates

30-YR. Conventional

Rate 5.25%  APR 5.281%

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30-YR. FHA Loan

Rate 4.75% APR 5.483%

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30-YR. VA Loan

Rate 4.875% APR 5.025%

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Cathedral Refinance Rates

30-YR. Conventional

Rate 5.25% APR 5.292%

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30-YR. FHA Loan

Rate 4.75% APR 5.483%

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30-YR. VA Loan

Rate 4.875% APR 5.104%

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15 Year Rates in Cathedral are even LOWER!

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Rates based on a Loan Amount of $315,000, Loan to Value (LTV) 70%, Credit FICO Score 770 Rates, terms, and fees as 4/22/2022 11:00 AM Central Standard Time and subject to change without notice. Rates are posted daily at 11am Monday – Friday.  Rates are not posted on the weekend. Call the Smart Mortgage rate lock line now (888) 999-1350.

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    A cathedral is a church that contains the cathedra (Latin for ‘seat’) of a bishop,[1] thus serving as the central church of a diocese, conference, or episcopate.[2] Churches with the function of “cathedral” are usually specific to those Christian denominations with an episcopal hierarchy, such as the Catholic, Eastern Orthodox, Anglican, and some Lutheran churches.[2] Church buildings embodying the functions of a cathedral first appeared in Italy, Gaul, Spain, and North Africa in the 4th century, but cathedrals did not become universal within the Western Catholic Church until the 12th century, by which time they had developed architectural forms, institutional structures, and legal identities distinct from parish churches, monastic churches, and episcopal residences.

    Following the Protestant Reformation, the Christian church in several parts of Western Europe, such as Scotland, the Netherlands, certain Swiss Cantons and parts of Germany, adopted a Presbyterian polity that did away with bishops altogether. Where ancient cathedral buildings in these lands are still in use for congregational worship, they generally retain the title and dignity of “cathedral”, maintaining and developing distinct cathedral functions, but void of hierarchical supremacy. From the 16th century onwards, but especially since the 19th century, churches originating in Western Europe have undertaken vigorous programmes of missionary activity, leading to the founding of large numbers of new dioceses with associated cathedral establishments of varying forms in Asia, Africa, Australasia, Oceania and the Americas. In addition, both the Catholic Church and Orthodox churches have formed new dioceses within formerly Protestant lands for converts and migrant co-religionists. Consequently, it is not uncommon to find Christians in a single city being served by three or more cathedrals of differing denominations.