Wesbanco Mortgage Rates, Fees & Info
Wheeling, WVLEI: QGPGHQ1ENZOOLJRFTH41
Tax ID: 55-0143590
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Mortgage Data
Review & Overview
Wesbanco is a small mortgage company specializing in Home Purchase loans. Wesbanco has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Cincinnati, Washington, Baltimore, and Louisville among others. We have data for 122 markets. (Some data included below & more in-depth data is available with an active subscription.)Wesbanco has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Wesbanco is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.60% | 11/17/24 |
| 30 Year Conventional Refi | 6.53% | 11/17/24 |
| 30 Year Cash-out Refi | 6.51% | 11/17/24 |
| 30 Year FHA Purchase | 7.22% | 11/17/24 |
| 30 Year FHA Refi | 6.77% | 11/17/24 |
| 30 Year VA Purchase | 6.04% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.39% | 11/17/24 |
| 30 Year USDA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.22% | 11/17/24 |
| 15 Year Conventional Refi | 6.21% | 11/17/24 |
| 15 Year Cash-out Refi | 6.21% | 11/17/24 |
| 15 Year FHA Purchase | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Wesbanco Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Wesbanco. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,863Origination Dollar Volume (All Markets)
$1,695,615,000Awards
WesBanco - 2023
WesBanco is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Wesbanco's average 30 year fixed mortgage rate was
6.36%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.12%.
Relative Fees (Closing Costs)
Wesbanco's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,166.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 418 | $302,920,000 | $724,689 | $5,298 | 4.05% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 444 | $284,440,000 | $640,631 | $5,321 | 4.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 368 | $167,520,000 | $455,217 | $10,086 | 4.73% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 290 | $116,380,000 | $401,310 | $7,956 | 5.05% |
| LOUISVILLE, KY (FHA|USDA|VA) | 236 | $114,130,000 | $483,602 | $5,747 | 4.39% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 71 | $103,885,000 | $1,463,169 | $6,144 | 6.10% |
| PITTSBURGH, PA (FHA|USDA|VA) | 570 | $102,180,000 | $179,263 | $5,832 | 4.17% |
| AKRON, OH (FHA|USDA|VA) | 18 | $53,130,000 | $2,951,667 | $7,355 | 4.33% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 186 | $42,170,000 | $226,720 | $5,598 | 4.36% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 35 | $39,435,000 | $1,126,714 | $6,092 | 4.79% |
| WHEELING, WV-OH (FHA|USDA|VA) | 274 | $33,860,000 | $123,577 | $4,431 | 5.01% |
| Clarksburg, WV (FHA|USDA|VA) | 164 | $32,720,000 | $199,512 | $5,374 | 4.81% |
| Outside of Metro Areas | 146 | $23,570,000 | $161,438 | $6,085 | 4.95% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 169 | $21,555,000 | $127,544 | $4,896 | 4.89% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 136 | $20,140,000 | $148,088 | $4,761 | 4.44% |
| MORGANTOWN, WV (FHA|USDA|VA) | 106 | $18,910,000 | $178,396 | $5,184 | 4.88% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 104 | $17,620,000 | $169,423 | $6,213 | 4.21% |
| CHARLESTON, WV (FHA|USDA|VA) | 118 | $16,310,000 | $138,220 | $5,011 | 4.74% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 115 | $15,915,000 | $138,391 | $5,010 | 4.68% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 101 | $13,345,000 | $132,129 | $4,699 | 5.20% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 29 | $12,805,000 | $441,552 | $6,367 | 6.32% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 76 | $12,030,000 | $158,289 | $5,219 | 3.55% |
| Fairmont, WV (FHA|USDA|VA) | 52 | $8,020,000 | $154,231 | $5,921 | 4.64% |
| Frankfort, KY (FHA|USDA|VA) | 68 | $7,310,000 | $107,500 | $4,736 | 4.18% |
| Chillicothe, OH (FHA|USDA|VA) | 54 | $6,840,000 | $126,667 | $4,171 | 4.68% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 30 | $6,020,000 | $200,667 | $5,659 | 4.26% |
| Portsmouth, OH (FHA|USDA|VA) | 47 | $5,925,000 | $126,064 | $5,487 | 4.12% |
| Easton, MD (FHA|USDA|VA) | 5 | $5,575,000 | $1,115,000 | $9,633 | 5.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 27 | $5,545,000 | $205,370 | $5,711 | 5.83% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $4,905,000 | $4,905,000 | $0 | 7.33% |
| Marietta, OH (FHA|USDA|VA) | 37 | $4,805,000 | $129,865 | $5,165 | 4.71% |
| New Castle, PA (FHA|USDA|VA) | 48 | $4,640,000 | $96,667 | $5,323 | 5.07% |
| Jackson, OH (FHA|USDA|VA) | 38 | $4,140,000 | $108,947 | $5,290 | 4.62% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $3,950,000 | $987,500 | $0 | 6.25% |
| Bardstown, KY (FHA|USDA|VA) | 26 | $3,120,000 | $120,000 | $6,330 | 3.71% |
| Cambridge, OH (FHA|USDA|VA) | 30 | $2,960,000 | $98,667 | $5,860 | 4.24% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $2,625,000 | $525,000 | $7,151 | 7.40% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $2,520,000 | $420,000 | $6,483 | 6.56% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 8 | $2,160,000 | $270,000 | $7,439 | 6.17% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 21 | $2,155,000 | $102,619 | $6,568 | 4.73% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 10 | $2,100,000 | $210,000 | $4,541 | 4.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $2,075,000 | $691,667 | $8,010 | 7.08% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $2,015,000 | $403,000 | $8,875 | 3.22% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $1,790,000 | $895,000 | $5,820 | 5.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $6,453 | 7.13% |
| Urbana, OH (FHA|USDA|VA) | 10 | $1,620,000 | $162,000 | $4,881 | 4.83% |
| GETTYSBURG, PA (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $5,888 | 5.00% |
| DOVER, DE (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $9,281 | 6.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $6,986 | 7.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $11,088 | 6.13% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 9 | $1,315,000 | $146,111 | $5,687 | 4.58% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $1,295,000 | $1,295,000 | $7,630 | 7.38% |
| Coshocton, OH (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $3,878 | 5.95% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $8,688 | 6.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $7,575 | 6.63% |
| Scottsburg, IN (FHA|USDA|VA) | 9 | $965,000 | $107,222 | $4,000 | 4.45% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $5,520 | 5.38% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 8.48% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $3,991 | 4.09% |
| BECKLEY, WV (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $7,045 | 4.55% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,147 | 6.06% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $7,270 | 6.25% |
| Richmond-Berea, KY (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $5,311 | 4.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $3,083 | 6.38% |
| Wooster, OH (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $4,409 | 3.78% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,611 | 7.06% |
| Zanesville, OH (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,584 | 5.29% |
| Bellefontaine, OH (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $5,157 | 2.62% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 4.95% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,855 | 6.75% |
| Crawfordsville, IN (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,934 | 6.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,530 | 6.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,674 | 5.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,287 | 5.88% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $11,938 | 5.50% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $7,327 | 5.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 6.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,800 | 7.13% |
| Athens, OH (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,743 | 5.37% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,958 | 6.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,178 | 6.63% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,804 | 7.63% |
| Salem, OH (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,862 | 5.50% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $3,717 | 2.79% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,827 | 6.88% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 7.35% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,199 | 5.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.99% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,915 | 5.75% |
| New Castle, IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,007 | 3.87% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,014 | 6.75% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,714 | 5.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,613 | 7.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,950 | 7.50% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,022 | 6.75% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $6,378 | 4.73% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.99% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,419 | 7.25% |
| Elkins, WV (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,166 | 4.66% |
| ERIE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.99% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,518 | 7.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.99% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,806 | 6.25% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.99% |
| Richmond, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,481 | 7.25% |
| Greenville, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,831 | 7.38% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,174 | 7.13% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,909 | 7.13% |
| Seymour, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,336 | 6.00% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.99% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.99% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.99% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.99% |
| Meadville, PA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $4,048 | 4.31% |
| Danville, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.75% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,939 | 5.88% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 2.49% |
| London, KY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $3,553 | 5.75% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.99% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.99% |
| Somerset, KY (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against WesBanco based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Wesbanco's most frequently originated type of loan was HELOC, with 2,741 originations. Their 2nd most popular type was Conventional, with 1,685 originations.
Loan Reason
For 2023, Wesbanco's most frequently cited loan purpose was Home Purchase, with 1,955 originations. The 2nd most popular reason was Other, with 1,263 originations.
Loan Duration/Length
For 2023, Wesbanco's most frequently cited loan duration was Other, with 2,377 originations. The 2nd most popular length was 30 Year, with 1,902 originations.
Origination Fees/Closing Costs
Wesbanco's average total fees were $6,166, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,049 originations.
Interest Rates
During 2023, Wesbanco's average interest rate for loans was 6.36%, while their most frequently originated rate bucket for loans was <2.5%, with 1,468 originations.
Loan Sizing
2023 saw Wesbanco place emphasis on $100,000 or less loans with 1,735 originations, totaling $100,065,000 in origination value.
Applicant Income
Wesbanco lent most frequently to those with incomes in the $100k-150k range, with 933 originations. The second most popular income band? $50k-75k, with 918 originations.
Applicant Debt to Income Ratio
Wesbanco lent most frequently to those with DTI ratios of 20-30%, with 1,069 originations. The next most common DTI ratio? 30-36%, with 928 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.02%
Wesbanco has a below average approval rate.
Pick Rate
Approvals leading to origination80.28%
Wesbanco has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,863 | $1,695,615,000 | $348,677 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,863 | $1,695,615,000 | $348,677 |