Parkersburg FHA Loan Rates, Closing Costs & Stats

PARKERSBURG-VIENNA, WV

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Parkersburg's 33 lenders originated 274 FHA loans during 2023. The total origination value was $40,730,000, with an average FHA loan value of $148,650.

    Parkersburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Parkersburg averaged 6.22% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Parkersburg's average FHA mortgage closing costs are $6,198.

    The average rate for the prior week (2025-02-07) was 6.13% and one month ago for the week of 2025-01-10, the average rate was 6.19%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.72%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Parkersburg FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Parkersburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 56 5.99% $6,934
    PRIMELENDING, A PLAINSCAPITAL COMPANY 50 6.27% $7,003
    QUICKEN LOANS, LLC 22 6.25% $7,993
    WesBanco 21 5.68% $6,785
    The Huntington National Bank 17 6.22% $7,928
    POLARIS HOME FUNDING CORP. 16 6.77% $8,135
    Flagstar Bank, FSB 11 6.43% $7,322
    LOANDEPOT.COM, LLC 10 6.27% $7,186
    Peoples Bank 8 6.42% $7,700
    UNITED WHOLESALE MORTGAGE, LLC 7 6.50% $10,036
    AMERICAN FINANCIAL RESOURCES, INC. 6 6.73% $8,398
    BROKER SOLUTIONS, INC. 5 6.90% $10,704
    Mortgage Research Center, LLC 4 7.16% $6,945
    FREEDOM MORTGAGE CORPORATION 3 7.50% $8,804
    Nations Lending Corporation 2 7.50% $6,172
    Gateway First Bank 2 7.25% $4,564
    INTERCOASTAL MORTGAGE COMPANY 2 5.32% $6,416
    JPMorgan Chase Bank 2 6.94% $3,165
    Carrington Mortgage Services, LLC 2 6.69% $10,616
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $7,835
    PLANET HOME LENDING, LLC 2 5.68% $7,353
    AMERISAVE MORTGAGE CORPORATION 2 6.00% $8,701
    PHH Mortgage Corporation 1 6.75% $11,160
    Victorian Finance, LLC 1 7.13% $8,415
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $13,440
    MEMBER FIRST MORTGAGE, LLC 1 7.13% $6,138
    DAS Acquisition Company, LLC 1 6.13% $5,624
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $8,737
    Truist 1 6.70% $4,952
    UNION HOME MORTGAGE CORP. 1 6.63% $6,408
    GUARANTEED RATE, INC. 1 5.68% $7,049
    Paramount Residential Mortgage Group, Inc. 1 7.25% $8,643
    NORWICH COMMERCIAL GROUP, INC. 1 6.75% $10,010

    The top Parkersburg FHA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 56 FHA loans originated. Their average total fees are $6,934, which is $68 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Parkersburg FHA lenders (with over 10 loans originated) are WesBanco ($6,785), MOVEMENT MORTGAGE, LLC ($6,934), PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,003), LOANDEPOT.COM, LLC ($7,186) and Flagstar Bank, FSB ($7,322).

    The lowest rate Parkersburg FHA lenders (with over 10 loans originated) are WesBanco (5.68%), MOVEMENT MORTGAGE, LLC (5.99%), The Huntington National Bank (6.22%), QUICKEN LOANS, LLC (6.25%) and LOANDEPOT.COM, LLC (6.27%).

    Parkersburg FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PARKERSBURG-VIENNA, WV WIRT 2022 $420,680 $538,650 $651,050 $809,150
    PARKERSBURG-VIENNA, WV WOOD 2022 $420,680 $538,650 $651,050 $809,150
    PARKERSBURG-VIENNA, WV WIRT 2023 $472,030 $604,400 $730,525 $907,900
    PARKERSBURG-VIENNA, WV WOOD 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Parkersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $136,700 (7.7%) $188,193 (4.8%) 0.00 281
    2018-02-01 $130,450 (2.7%) $191,111 (5.5%) 0.00 258
    2018-03-01 $129,900 (0.0%) $197,101 (10.2%) 0.00 255
    2018-04-01 $134,000 (3.1%) $206,000 (16.4%) 0.00 268
    2018-05-01 $136,400 (2.2%) $208,144 (21.2%) 0.00 269
    2018-06-01 $145,000 (7.4%) $194,376 (11.4%) 0.00 275
    2018-07-01 $147,000 (5.8%) $190,682 (7.8%) 0.00 294
    2018-08-01 $143,750 (2.9%) $187,177 (-8.7%) 0.00 299
    2018-09-01 $139,900 (-1.8%) $187,961 (-9.3%) 0.00 291
    2018-10-01 $140,450 (3.3%) $207,694 (2.9%) 0.00 291
    2018-11-01 $139,675 (0.7%) $225,907 (9.2%) 0.00 282
    2018-12-01 $135,000 (-0.4%) $229,453 (22.4%) 0.00 282
    2019-01-01 $136,950 (0.2%) $237,047 (26.0%) 0.00 269
    2019-02-01 $135,000 (3.5%) $239,537 (25.3%) 0.00 260
    2019-03-01 $141,286 (8.8%) $223,703 (13.5%) 0.00 241
    2019-04-01 $149,700 (11.7%) $202,303 (-1.8%) 0.00 218
    2019-05-01 $149,950 (9.9%) $193,888 (-6.9%) 0.00 216
    2019-06-01 $152,250 (5.0%) $195,928 (0.8%) 0.00 229
    2019-07-01 $149,975 (2.0%) $192,225 (0.8%) 0.00 270
    2019-08-01 $150,432 (4.7%) $201,286 (7.5%) 0.00 285
    2019-09-01 $154,830 (10.7%) $218,795 (16.4%) 0.00 295
    2019-10-01 $158,600 (12.9%) $213,897 (3.0%) 0.00 302
    2019-11-01 $158,900 (13.8%) $201,398 (-10.9%) 0.00 291
    2019-12-01 $150,000 (11.1%) $196,275 (-14.5%) 0.00 287
    2020-01-01 $155,625 (13.6%) $226,659 (-4.4%) 0.00 276
    2020-02-01 $152,500 (13.0%) $223,356 (-6.8%) 0.00 275
    2020-03-01 $153,250 (8.5%) $222,793 (-0.4%) 0.00 257
    2020-04-01 $154,725 (3.4%) $221,719 (9.6%) 0.00 244
    2020-05-01 $155,750 (3.9%) $222,412 (14.7%) 0.00 226
    2020-06-01 $149,700 (-1.7%) $193,329 (-1.3%) 0.00 208
    2020-07-01 $153,425 (2.3%) $196,152 (2.0%) 0.00 180
    2020-08-01 $164,000 (9.0%) $199,152 (-1.1%) 0.00 172
    2020-09-01 $155,450 (0.4%) $194,549 (-11.1%) 0.00 183
    2020-10-01 $159,900 (0.8%) $202,648 (-5.3%) 0.00 183
    2020-11-01 $159,950 (0.7%) $224,768 (11.6%) 0.00 173
    2020-12-01 $167,100 (11.4%) $229,329 (16.8%) 0.00 166
    2021-01-01 $168,500 (8.3%) $222,759 (-1.7%) 0.00 158
    2021-02-01 $149,375 (-2.1%) $219,325 (-1.8%) 0.00 134
    2021-03-01 $149,000 (-2.8%) $227,436 (2.1%) 0.00 112
    2021-04-01 $151,950 (-1.8%) $228,783 (3.2%) 0.00 103
    2021-05-01 $165,000 (5.9%) $241,655 (8.7%) 0.00 102
    2021-06-01 $171,500 (14.6%) $243,760 (26.1%) 0.00 105
    2021-07-01 $168,000 (9.5%) $318,801 (62.5%) 0.00 136
    2021-08-01 $159,000 (-3.1%) $286,081 (43.7%) 0.00 150
    2021-09-01 $159,675 (2.7%) $298,279 (53.3%) 0.00 148
    2021-10-01 $159,000 (-0.6%) $296,773 (46.5%) 0.00 134
    2021-11-01 $159,000 (-0.6%) $289,009 (28.6%) 0.00 135
    2021-12-01 $154,450 (-7.6%) $282,177 (23.0%) 0.00 124
    2022-01-01 $154,900 (-8.1%) $308,037 (38.3%) 0.00 95
    2022-02-01 $157,400 (5.4%) $348,046 (58.7%) 0.00 73
    2022-03-01 $157,000 (5.4%) $340,794 (49.8%) 0.00 71
    2022-04-01 $167,000 (9.9%) $363,524 (58.9%) 0.00 74
    2022-05-01 $199,950 (21.2%) $311,076 (28.7%) 0.00 89
    2022-06-01 $184,125 (7.4%) $272,102 (11.6%) 0.00 114
    2022-07-01 $182,500 (8.6%) $276,918 (-13.1%) 0.00 125
    2022-08-01 $188,000 (18.2%) $271,426 (-5.1%) 0.00 137
    2022-09-01 $184,250 (15.4%) $260,404 (-12.7%) 0.00 132
    2022-10-01 $185,000 (16.4%) $248,670 (-16.2%) 0.00 137
    2022-11-01 $189,000 (18.9%) $255,013 (-11.8%) 0.00 137
    2022-12-01 $175,000 (13.3%) $247,671 (-12.2%) 0.00 127
    2023-01-01 $164,000 (5.9%) $257,437 (-16.4%) 0.00 108
    2023-02-01 $180,000 (14.4%) $265,171 (-23.8%) 0.00 102
    2023-03-01 $188,725 (20.2%) $257,330 (-24.5%) 0.00 107
    2023-04-01 $195,000 (16.8%) $267,283 (-26.5%) 0.00 104
    2023-05-01 $205,000 (2.5%) $276,928 (-11.0%) 0.00 105
    2023-06-01 $209,475 (13.8%) $280,263 (3.0%) 0.00 113
    2023-07-01 $206,250 (13.0%) $268,525 (-3.0%) 0.00 120
    2023-08-01 $194,250 (3.3%) $252,738 (-6.9%) 0.00 128
    2023-09-01 $189,000 (2.6%) $248,457 (-4.6%) 0.00 125
    2023-10-01 $181,975 (-1.6%) $241,305 (-3.0%) 0.00 135
    2023-11-01 $194,725 (3.0%) $244,018 (-4.3%) 0.00 135
    2023-12-01 $190,000 (8.6%) $226,889 (-8.4%) 0.00 137
    2024-01-01 $202,250 (23.3%) $233,899 (-9.1%) 0.00 128
    2024-02-01 $218,725 (21.5%) $248,572 (-6.3%) 0.00 110
    2024-03-01 $225,000 (19.2%) $271,610 (5.6%) 0.00 124
    2024-04-01 $222,500 (14.1%) $263,579 (-1.4%) 0.00 122
    2024-05-01 $217,825 (6.3%) $276,445 (-0.2%) 0.00 118
    2024-06-01 $229,900 (9.8%) $290,590 (3.7%) 0.00 123
    2024-07-01 $209,225 (1.4%) $269,971 (0.5%) 0.00 129
    2024-08-01 $199,900 (2.9%) $275,992 (9.2%) 0.00 132
    2024-09-01 $199,000 (5.3%) $268,113 (7.9%) 0.00 144
    2024-10-01 $213,450 (17.3%) $271,252 (12.4%) 0.00 151
    2024-11-01 $213,450 (9.6%) $270,925 (11.0%) 0.00 148
    2024-12-01 $200,000 (5.3%) $284,019 (25.2%) 0.00 137
    2025-01-01 $210,000 (3.8%) $296,157 (26.6%) 0.00 136
    Parkersburg's median listing price for 2025-01-01 was $210,000, a difference of $7,750 (3.8%) versus the prior year and $10,000 versus the prior month.

    Parkersburg's median listing price comes in at 0% of the national average.

    Parkersburg's average listing price for 2025-01-01 was $296,157, a difference of $62,258 (26.6%) versus the prior year and $12,138 versus the prior month.

    For the 2025-01-01 period, Parkersburg had 136 MLS listings, a difference of -1 listings (-1%) versus the prior month and 8 listings (6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Parkersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,602 sqft
    2018-02-01 0 days 1,597 sqft
    2018-03-01 0 days 1,571 sqft
    2018-04-01 0 days 1,632 sqft
    2018-05-01 0 days 1,608 sqft
    2018-06-01 0 days 1,670 sqft
    2018-07-01 0 days 1,847 sqft
    2018-08-01 0 days 1,821 sqft
    2018-09-01 0 days 1,832 sqft
    2018-10-01 0 days 1,847 sqft
    2018-11-01 0 days 1,859 sqft
    2018-12-01 0 days 1,812 sqft
    2019-01-01 0 days 1,858 sqft
    2019-02-01 0 days 1,875 sqft
    2019-03-01 0 days 1,899 sqft
    2019-04-01 0 days 1,925 sqft
    2019-05-01 0 days 1,698 sqft
    2019-06-01 0 days 1,754 sqft
    2019-07-01 0 days 1,755 sqft
    2019-08-01 0 days 1,782 sqft
    2019-09-01 0 days 1,801 sqft
    2019-10-01 0 days 1,813 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,808 sqft
    2020-01-01 0 days 1,793 sqft
    2020-02-01 0 days 1,829 sqft
    2020-03-01 0 days 1,839 sqft
    2020-04-01 0 days 1,860 sqft
    2020-05-01 0 days 1,834 sqft
    2020-06-01 0 days 1,842 sqft
    2020-07-01 0 days 1,836 sqft
    2020-08-01 0 days 1,842 sqft
    2020-09-01 0 days 1,773 sqft
    2020-10-01 0 days 1,828 sqft
    2020-11-01 0 days 1,843 sqft
    2020-12-01 0 days 1,897 sqft
    2021-01-01 0 days 1,844 sqft
    2021-02-01 0 days 1,698 sqft
    2021-03-01 0 days 1,716 sqft
    2021-04-01 0 days 1,770 sqft
    2021-05-01 0 days 1,808 sqft
    2021-06-01 0 days 1,893 sqft
    2021-07-01 0 days 1,780 sqft
    2021-08-01 0 days 1,719 sqft
    2021-09-01 0 days 1,818 sqft
    2021-10-01 0 days 1,777 sqft
    2021-11-01 0 days 1,794 sqft
    2021-12-01 0 days 1,749 sqft
    2022-01-01 0 days 1,698 sqft
    2022-02-01 0 days 1,655 sqft
    2022-03-01 0 days 1,814 sqft
    2022-04-01 0 days 1,812 sqft
    2022-05-01 0 days 1,835 sqft
    2022-06-01 0 days 1,831 sqft
    2022-07-01 0 days 1,840 sqft
    2022-08-01 0 days 1,909 sqft
    2022-09-01 0 days 1,904 sqft
    2022-10-01 0 days 1,858 sqft
    2022-11-01 0 days 1,990 sqft
    2022-12-01 0 days 1,904 sqft
    2023-01-01 0 days 1,804 sqft
    2023-02-01 0 days 1,748 sqft
    2023-03-01 0 days 1,831 sqft
    2023-04-01 0 days 1,842 sqft
    2023-05-01 0 days 1,841 sqft
    2023-06-01 0 days 1,892 sqft
    2023-07-01 0 days 1,864 sqft
    2023-08-01 0 days 1,856 sqft
    2023-09-01 0 days 1,796 sqft
    2023-10-01 0 days 1,642 sqft
    2023-11-01 0 days 1,825 sqft
    2023-12-01 0 days 1,844 sqft
    2024-01-01 0 days 1,915 sqft
    2024-02-01 0 days 2,081 sqft
    2024-03-01 0 days 2,196 sqft
    2024-04-01 0 days 2,134 sqft
    2024-05-01 0 days 2,020 sqft
    2024-06-01 0 days 1,994 sqft
    2024-07-01 0 days 1,743 sqft
    2024-08-01 0 days 1,755 sqft
    2024-09-01 0 days 1,753 sqft
    2024-10-01 0 days 1,796 sqft
    2024-11-01 0 days 1,828 sqft
    2024-12-01 0 days 1,755 sqft
    2025-01-01 0 days 1,703 sqft
    Parkersburg's median listing age (time on market) for 2025-01-01 was 0 days.

    Parkersburg's median square footage for active listings during the 2025-01-01 period was 1,703 sqft. One year prior, the average listing was 1,915 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).