Mon. Jan 18th, 2021

Do you want to move to Mountain State? Other people are also considering it. West Virginia has just under 900,000 housing units And according to the US Census Bureau, a homemade rate of about 73% 2018 American Community Survey.

The median housing price for West Virginia is $ 121,300, slightly more than half of the $ 229,700 national average price. In some areas of the state, you can also find cheap housing options.

US News’ Best West Virginia Mortgage Lender

Best for large loan amount

Bank of America serves approximately 66 million customers in all 50 states. The lender offers traditional, Federal Housing Administration, Department of Veterans Affairs and Jumbo loans, as well as home equity lines of credit and mortgage refinancing.

Lender highlights

  • Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
  • Minimum FICO Credit Score: 600
  • Maximum loan amount: $ 5 million
  • Better Business Bureau Rating: A +

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  • Different types of mortgages

  • Annual percentage rate or closing cost rebate for qualifying Bank of America and Merrill Lynch clients

  • No closing costs and no annual cash balance fees for balance transfers and HELOCs

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Best for online service

Caliber Home Loans of Coppell, Texas offers nationwide mortgages including traditional, refinance, jumbo and adjustable rate loans. The government-backed options are FHA, USDA and VA. Caliber has been in business since 2008 and focuses solely on home loans.

Before you apply

  • Mortgage Type: Traditional, FHA, Jumbo, Refinance, USDA and VA
  • Minimum FICO Credit Score: 580
  • Maximum loan amount: $ 3 million
  • Better Business Bureau Rating: a

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  • Homebuyer offers programs for the first time

  • FICO accepts mortgage applicants with credit scores as low as 580

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Best for low cost

Chase, one of the largest banks in the country, offers mortgage and refinance loans to qualified borrowers. Home equity loans and HELOC are also available.

Before you apply

  • Mortgage Type Offered: ARM, Traditional, FHA, Jumbo, Refinance and VA
  • Minimum FICO Credit Score: 620
  • Maximum loan amount: $ 3 million
  • Better Business Bureau Rating: A +

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  • Accepts up to 3% down payment

  • Receives high marks from Better Business Bureau

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Best for customer service

Fifth Third Bank operates in 10 states with products such as traditional mortgages, as well as loans from the Federal Housing Administration and the Department of Veterans Affairs. The lender has an A + rating with the Better Business Bureau.

main characteristics:

  • Mortgage Type Offered: Traditional, FHA, VA, ARM, Home Equity Loans
  • Minimum FICO Score: Not disclosed
  • Maximum debt-to-value ratio: Not disclosed
  • Maximum debt-to-income ratio: Not disclosed
  • Loan: till $ 3 million
  • Total Closing Cost: Not disclosed
  • JD Power Overall Satisfaction Rating: 3 out of 5

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  • Income and profession-based loan programs.

  • A down payment assistance program is available.

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Best for customer service

LoanDepot was founded in 2010 and has since funded over $ 70 billion in mortgages. It offers FHA, traditional and other mortgage options. Borrowers with a FICO credit score as low as 580 may qualify for a loan.

main characteristics:

  • Mortgage Type Offered: Traditional, FHA, VA, ARM, Refinance (Conventional), Refinance (FHA), Refinance (VA), Home Equity Loan
  • Minimum FICO Credit Score: 500 with conditions
  • Maximum debt-to-income ratio: 43% for FHA
  • Maximum combined debt-to-value ratio: 90%
  • JD Power Satisfaction Rating: Four out of five

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  • The LoanDepot mortgage has a lifetime guarantee, which means that if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fee and reimburse the appraisal fee.

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Best for online service

Priming is a Dallas-based mortgage lender, with a number of mortgage loan options including traditional loans, jumbo loans, government backed loans and refinance loans. The lender is a subsidiary of PlainsCapital Bank.

main characteristics:

  • Loan Type: Traditional, FHA, VA, USDA, ARM, Refinance
  • Minimum FICO Score: 600
  • Maximum debt-to-value ratio: Not disclosed
  • Maximum debt-to-income ratio: 43%
  • Total Closing Cost: 2% to 6% of the loan amount
  • Equity required: Not disclosed
  • JD Power Satisfaction Rating: Not rated

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  • Offers various types of mortgage loans.

  • Nationwide provides mortgage loans.

  • Helps with closing costs.

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Best for product availability

Quick Loan is a nationwide mortgage lender with several mortgage options. Known for customer service, the lender has an A + Better Business Bureau rating and received a rating of five (out of the best) in the 2018 US Primary Mortgage Organization Satisfaction Study.

Highlight:

  • Mortgage Type Offered: ARM, FHA, VA, Refinance (FHA), USDA, Traditional, Refinance (Traditional)
  • Minimum FICO Credit Score: 580 (FHA), other loans vary
  • Maximum debt-to-income ratio: 60%
  • JD Power Satisfaction Rating: Five out of five

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  • The complete loan procedure is available online.

  • Wide variety of mortgage products.

  • Good customer service rating.

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Best for va loan

Giants United Home Loans provides mortgages to veterans and military families in all 50 states and Washington, DC, and specializes in VA loans. In 2019, Veterans United Home Loan generated the largest VA loan in the nation.

Before you apply

  • Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
  • Minimum FICO Credit Score: 660
  • Maximum loan amount: $ 1.5 million
  • Better Business Bureau Rating: A +

Best counter

  • No military service required

  • No minimum loan amount set

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What are the mortgage rates in West Virginia?

Average interest rate for a 30 year fixed rate West Virginia Has Customizing Mortgages 2.96%.

House interest rates Range from 2.5% to 4% In West Virginia.

What are today’s mortgage rates?

Loan type

Rate of this week

Last week rate

30-Year Fixed Rate Mortgage 2.87% 2.9%
15-Year Fixed Rate Mortgage 2.34% 2.38%
30-Year Fixed-Rate Jumbo Mortgage 2.89% 2.93%
5/1 ARM 2.99% 3.03%
5/1 Jumbo ARM 2.86% 2.85%

* Rates for January 1, 2021

Mortgage Calculator for West Virginia

Are you reaching your dream home? US News’ mortgage calculator will show you how much home you can buy.

What are some West Virginia homebuyer programs?

The West Virginia Housing Development Fund offers some options to help West Virginia homebuyers. Benefits of these programs include breaks on mortgage insurance and payment and closing cost assistance.

  • available to: Income eligible West Virginia homebuyers.
  • Income Range: Different from domestic size (see) Income range).
  • Homebuyers for the first time only? No.
  • Benefit: Access to a down payment and closing cost assistance of up to $ 5,000 or $ 8,000 on a loan-to-value basis, as a 15-year fixed-rate loan with a 2% interest rate.

  • available to: Income eligible West Virginia homebuyers.
  • Income Range: 80% area average income (see) Income range).
  • Homebuyers for the first time only? No.
  • Benefit: Access to a down payment and closing cost assistance of up to $ 5,000 or $ 8,000 on a loan-to-value basis, as a 15-year fixed-rate loan with a 2% interest rate. The program has a lower interest rate and lower private mortgage insurance than the regular move up program.

  • available to: Worthy West Virginia Homebuyers.
  • Income Range: Different from county (see) Income range).
  • Homebuyers for the first time only? No.
  • Benefit: Access to up to 100% financing and payment and closing cost assistance of up to $ 7,500 or $ 10,000, depending on the debt-to-value ratio as a 30-year fixed-rate mortgage.

Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising customers of US News. Advertising considerations can influence where offers appear on the site but do not affect any editorial decisions, such as which loan products we write about and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.

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