Beckley USDA Loan Rates, Closing Costs & Stats

BECKLEY, WV

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Beckley's 13 lenders originated 57 USDA loans during 2024. The total origination value was $7,745,000, with an average USDA loan value of $135,877.

Beckley USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Beckley averaged 0.1% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Beckley's average USDA mortgage closing costs are $4,203.

The average rate for the prior week (2025-06-13) was 6.9% and one month ago for the week of 2025-05-16, the average rate was 6.57%.

The average rate one year ago was 6.99%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.43%.

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

Beckley USDA Loan Lenders by Rates & Fees

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

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 28 6.74% $5,665
Truist 9 5.72% $5,950
Atlantic Union Bank 5 7.03% $4,526
Alcova Mortgage LLC 4 7.28% $2,252
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.06% $5,761
The Huntington National Bank 2 6.75% $5,627
GUARANTEED RATE, INC. 1 6.75% $4,662
BROKER SOLUTIONS, INC. 1 6.25% $7,514
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $6,284
T2 FINANCIAL LLC 1 6.49% $8,442
First Reliance Bank 1 6.38% $4,842
THE MORTGAGE FIRM, INC. 1 6.25% $6,179
LOANDEPOT.COM, LLC 1 6.25% $7,091

The top Beckley USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 28 USDA loans originated. Their average total fees are $5,665, which is $284 lower than the next largest lender, Truist.

The lowest fee Beckley USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($5,665), .

The lowest rate Beckley USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.74%), .