Mortgage Loan Calculator

West Virginia Mortgage Rates

Mortgage Rates  |  Widgets

Add mortgage rates widget to your website
Loading chart. Please wait...
Product Average Rate Change
30 Year Fixed
2.997% -0.041
20 Year Fixed
3.271% +0.021
15 Year Fixed
2.875% 0.000
Last updated: Mar 5, 2021
3.318% APR 30 Year Fixed VA
$1,038 / month
Rate: 2.875%
Fees: $14,500
Lock: 45 days
Points: 2.000
View Details
SPONSORED
3.128% APR 30 Year Fixed
$1,053 / month
Rate: 2.990%
Fees: $4,425
Lock: 45 days
Points: 1.570
View Details
SPONSORED
4.373% APR 30 Year Fixed FHA
$1,038 / month
Rate: 2.875%
Fees: $10,625
Lock: 45 days
Points: 2.000
View Details
SPONSORED
3.092% APR 30 Year Fixed
$1,038 / month
Rate: 2.875%
Fees: $7,550
Lock: 30 days
Points: 2.000
View Details
4.255% APR 30 Year Fixed FHA
$1,021 / month
Rate: 2.750%
Fees: $10,625
Lock: 45 days
Points: 2.000
View Details
3.573% APR 30 Year Fixed
$1,106 / month
Rate: 3.375%
Fees: $6,250
Lock: 45 days
Points: 2.000
View Details
3.318% APR 30 Year Fixed VA
$1,038 / month
Rate: 2.875%
Fees: $14,500
Lock: 45 days
Points: 2.000
View Details
3.118% APR 30 Year Fixed
$1,055 / month
Rate: 3.000%
Fees: $3,792
Lock: 60 days
Points: 1.517
View Details
2.746% APR 30 Year Fixed
$1,005 / month
Rate: 2.625%
Fees: $3,978
Lock: 45 days
Points: 1.591
View Details
3.128% APR 30 Year Fixed
$1,053 / month
Rate: 2.990%
Fees: $4,425
Lock: 45 days
Points: 1.570
View Details
3.318% APR 30 Year Fixed VA
$1,038 / month
Rate: 2.875%
Fees: $14,500
Lock: 45 days
Points: 2.000
View Details
4.373% APR 30 Year Fixed FHA
$1,038 / month
Rate: 2.875%
Fees: $10,625
Lock: 45 days
Points: 2.000
View Details
3.447% APR 30 Year Fixed
$1,089 / month
Rate: 3.250%
Fees: $6,250
Lock: 45 days
Points: 2.000
View Details
  • Certified Pre-Approval Process
  • Customized Rate Quotes, no SSN or Hard Credit Pull
  • 24 x 7 Online Customer Portal Access
View Details
Interest Rates By State
  Alabama
  Alaska
  Arizona
  Arkansas
  California
  Colorado
  Connecticut
  Delaware
  District of Columbia
  Florida
  Georgia
  Hawaii
  Idaho
  Illinois
  Indiana
  Iowa
  Kansas
  Kentucky
  Louisiana
  Maine
  Maryland
  Massachusetts
  Michigan
  Minnesota
  Mississippi
  Missouri
  Montana
  Nebraska
  Nevada
  New Hampshire
  New Jersey
  New Mexico
  New York
  North Carolina
  North Dakota
  Ohio
  Oklahoma
  Oregon
  Pennsylvania
  Rhode Island
  South Carolina
  South Dakota
  Tennessee
  Texas
  Utah
  Vermont
  Virginia
  Washington
  West Virginia
  Wisconsin
  Wyoming

West Virginia Mortgage Overview

West Virginia is one of the least expensive places to live, making it easy for first-time homebuyers to buy a home. Whether you have a large down payment or no down payment, there are ways to buy a home in West Virginia.

Here are the top loan programs for homebuyers.

West Virginia conventional loans

Conventional financing the traditional loan most people think about with a mortgage. You don't need a 20 percent down payment though, you can get a loan with 3 percent down if you've never owned a home or 5 percent if you have. Conventional loans require a 660 credit score and low debt to income ratio of around 36 percent to qualify. You will pay PMI if you put less than 20 percent down, but only until you owe less than 80 percent of the home's value.

West Virginia FHA loans

FHA loans are for borrowers with lower credit scores. FHA loans require just a 3.5 percent down payment with a credit score as low as 580. You can also get a loan with a 500 - 579 credit score but you must make a 10 percent down payment. FHA loans have mortgage insurance that lasts for the loan term.

West Virginia VA loans

VA loans are for veterans or current military members. VA loans offer 100 percent financing, but you only need a 620 credit score. VA loans have flexible debt ratio guidelines and are lenient about other qualifying factors. VA loans have an upfront funding fee but not mortgage insurance.

West Virginia USDA loans

USDA loans are for borrowers in a rural area who can't get any other loan. It's for low to moderate-income families. USDA loans require a 640 credit score and a max 41 percent debt ratio. You must live within the USDA boundaries, but many areas of West Virginia are 'rural.'

First-Time Homebuyer Programs in West Virginia

Homeownership Program

If your income doesn't exceed the stated income maximums for the area and the property's value doesn't exceed the limits, you may be eligible for a 30-year fixed rate mortgage with 100 percent of the sales price as your loan. You may also use down payment assistance to cover the closing costs.

Down Payment Closing Cost Assistance

You may also get down payment and/or closing cost assistance of $7,500 for loans with a 90 percent or higher LTV or $10,000 for loans with an LTV less than 90 percent.

Movin' Up Program

The Movin' Up program isn't just for first-time homebuyers, but it provides down payment assistance to help you buy a larger home if you outgrew your home or buy your first home.

Copyright © 2008-2021 MLCALC.COM. All rights reserved. Terms of Use  |  Privacy  |  Contact Us

Mortgage Rates
$250,000
Points, Loan Types and Products