Beckley VA Loan Rates, Closing Costs & Stats

BECKLEY, WV

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Beckley's 22 lenders originated 99 VA loans during 2023. The total origination value was $20,925,000, with an average VA loan value of $211,364.

    Beckley VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Beckley averaged 0.01% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Beckley's average VA mortgage closing costs are $4,090.

    The average rate for the prior week (2024-11-08) was 6.21% and one month ago for the week of 2024-10-11, the average rate was 5.88%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.26%.

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

    Beckley VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 35 6.88% $4,751
    MOVEMENT MORTGAGE, LLC 11 7.01% $4,664
    The Huntington National Bank 7 6.64% $8,364
    QUICKEN LOANS, LLC 7 5.80% $5,161
    U.S. Bank 4 6.59% $5,909
    NAVY FEDERAL CREDIT UNION 4 5.97% $5,679
    Truist 4 6.21% $3,011
    Alcova Mortgage LLC 3 7.13% $3,771
    USAA Federal Savings Bank 3 6.33% $11,756
    LOANDEPOT.COM, LLC 2 6.19% $7,820
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $4,941
    Community First National Bank 2 7.50% $5,540
    UNITED WHOLESALE MORTGAGE, LLC 2 5.87% $11,315
    AMERISAVE MORTGAGE CORPORATION 2 6.38% $20,116
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $6,952
    ZILLOW HOME LOANS, LLC 1 7.13% $5,777
    Blue Ridge Bank 1 6.63% $4,113
    Barrington Bank & Trust Company, N.A. 1 6.75% $2,551
    FREEDOM MORTGAGE CORPORATION 1 7.25% $13,526
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $6,623
    JPMorgan Chase Bank 1 5.99% $524
    PENTAGON FEDERAL CREDIT UNION 1 5.00% $2,657

    The top Beckley VA lender as defined by loan originations is Mortgage Research Center, LLC, with 35 VA loans originated. Their average total fees are $4,751, which is $87 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Beckley VA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($4,664), Mortgage Research Center, LLC ($4,751), .

    The lowest rate Beckley VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.88%), MOVEMENT MORTGAGE, LLC (7.01%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Beckley (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 $120,000 (-7.7%) $166,254 (-5.4%) 0.00 547
    2018-02-01 $119,950 (-10.0%) $163,997 (-7.0%) 0.00 536
    2018-03-01 $120,000 (-13.7%) $168,113 (-5.0%) 0.00 520
    2018-04-01 $128,000 (-8.1%) $177,733 (-0.6%) 0.00 498
    2018-05-01 $131,800 (-5.5%) $181,630 (1.7%) 0.00 512
    2018-06-01 $130,000 (-7.1%) $183,593 (-0.1%) 0.00 568
    2018-07-01 $129,900 (-6.6%) $179,015 (-0.1%) 0.00 595
    2018-08-01 $129,800 (-5.5%) $178,108 (-0.3%) 0.00 613
    2018-09-01 $129,000 (-4.4%) $177,210 (-0.2%) 0.00 618
    2018-10-01 $125,498 (-6.2%) $180,225 (1.3%) 0.00 582
    2018-11-01 $120,625 (-6.5%) $178,998 (3.9%) 0.00 530
    2018-12-01 $125,000 (0.1%) $175,752 (4.4%) 0.00 487
    2019-01-01 $122,500 (2.1%) $175,039 (5.3%) 0.00 442
    2019-02-01 $129,450 (7.9%) $182,029 (11.0%) 0.00 427
    2019-03-01 $134,100 (11.8%) $187,454 (11.5%) 0.00 426
    2019-04-01 $138,650 (8.3%) $192,610 (8.4%) 0.00 428
    2019-05-01 $139,700 (6.0%) $200,167 (10.2%) 0.00 458
    2019-06-01 $139,900 (7.6%) $202,298 (10.2%) 0.00 494
    2019-07-01 $139,900 (7.7%) $205,281 (14.7%) 0.00 488
    2019-08-01 $135,327 (4.3%) $197,329 (10.8%) 0.00 502
    2019-09-01 $128,393 (-0.5%) $185,961 (4.9%) 0.00 525
    2019-10-01 $123,125 (-1.9%) $179,706 (-0.3%) 0.00 535
    2019-11-01 $119,900 (-0.6%) $179,814 (0.5%) 0.00 516
    2019-12-01 $119,000 (-4.8%) $172,758 (-1.7%) 0.00 499
    2020-01-01 $115,000 (-6.1%) $166,445 (-4.9%) 0.00 454
    2020-02-01 $125,000 (-3.4%) $179,822 (-1.2%) 0.00 395
    2020-03-01 $124,925 (-6.8%) $180,299 (-3.8%) 0.00 369
    2020-04-01 $122,475 (-11.7%) $183,304 (-4.8%) 0.00 333
    2020-05-01 $119,900 (-14.2%) $178,431 (-10.9%) 0.00 318
    2020-06-01 $115,750 (-17.3%) $180,007 (-11.0%) 0.00 312
    2020-07-01 $119,975 (-14.2%) $192,664 (-6.2%) 0.00 316
    2020-08-01 $122,670 (-9.4%) $206,352 (4.6%) 0.00 303
    2020-09-01 $115,875 (-9.8%) $211,287 (13.6%) 0.00 289
    2020-10-01 $114,900 (-6.7%) $199,100 (10.8%) 0.00 322
    2020-11-01 $115,500 (-3.7%) $197,091 (9.6%) 0.00 320
    2020-12-01 $119,950 (0.8%) $199,437 (15.4%) 0.00 288
    2021-01-01 $122,950 (6.9%) $209,064 (25.6%) 0.00 254
    2021-02-01 $135,000 (8.0%) $220,628 (22.7%) 0.00 219
    2021-03-01 $132,750 (6.3%) $226,874 (25.8%) 0.00 200
    2021-04-01 $135,000 (10.2%) $238,834 (30.3%) 0.00 170
    2021-05-01 $155,000 (29.3%) $257,019 (44.0%) 0.00 164
    2021-06-01 $157,000 (35.6%) $249,436 (38.6%) 0.00 178
    2021-07-01 $141,000 (17.5%) $221,657 (15.1%) 0.00 190
    2021-08-01 $131,000 (6.8%) $214,411 (3.9%) 0.00 191
    2021-09-01 $139,125 (20.1%) $228,585 (8.2%) 0.00 184
    2021-10-01 $145,000 (26.2%) $223,286 (12.2%) 0.00 172
    2021-11-01 $133,700 (15.8%) $217,195 (10.2%) 0.00 158
    2021-12-01 $125,975 (5.0%) $228,541 (14.6%) 0.00 145
    2022-01-01 $127,000 (3.3%) $236,744 (13.2%) 0.00 125
    2022-02-01 $124,974 (-7.4%) $222,785 (1.0%) 0.00 119
    2022-03-01 $139,975 (5.4%) $250,526 (10.4%) 0.00 110
    2022-04-01 $132,200 (-2.1%) $243,146 (1.8%) 0.00 123
    2022-05-01 $142,450 (-8.1%) $238,575 (-7.2%) 0.00 120
    2022-06-01 $143,225 (-8.8%) $243,038 (-2.6%) 0.00 136
    2022-07-01 $139,000 (-1.4%) $228,418 (3.1%) 0.00 156
    2022-08-01 $154,450 (17.9%) $239,934 (11.9%) 0.00 180
    2022-09-01 $160,000 (15.0%) $255,647 (11.8%) 0.00 174
    2022-10-01 $150,000 (3.5%) $261,607 (17.2%) 0.00 190
    2022-11-01 $163,750 (22.5%) $268,312 (23.5%) 0.00 179
    2022-12-01 $153,000 (21.5%) $248,385 (8.7%) 0.00 181
    2023-01-01 $153,500 (20.9%) $255,458 (7.9%) 0.00 168
    2023-02-01 $153,500 (22.8%) $285,056 (28.0%) 0.00 153
    2023-03-01 $155,000 (10.7%) $290,084 (15.8%) 0.00 148
    2023-04-01 $184,950 (39.9%) $308,870 (27.0%) 0.00 138
    2023-05-01 $205,000 (43.9%) $314,705 (31.9%) 0.00 145
    2023-06-01 $217,500 (51.9%) $299,213 (23.1%) 0.00 167
    2023-07-01 $219,950 (58.2%) $293,275 (28.4%) 0.00 181
    2023-08-01 $212,425 (37.5%) $289,826 (20.8%) 0.00 181
    2023-09-01 $199,900 (24.9%) $281,431 (10.1%) 0.00 181
    2023-10-01 $194,750 (29.8%) $277,050 (5.9%) 0.00 199
    2023-11-01 $189,725 (15.9%) $268,074 (-0.1%) 0.00 186
    2023-12-01 $190,450 (24.5%) $249,620 (0.5%) 0.00 188
    2024-01-01 $188,425 (22.8%) $237,913 (-6.9%) 0.00 180
    2024-02-01 $160,975 (4.9%) $224,642 (-21.2%) 0.00 171
    2024-03-01 $169,000 (9.0%) $237,753 (-18.0%) 0.00 179
    2024-04-01 $178,225 (-3.6%) $271,045 (-12.3%) 0.00 164
    2024-05-01 $178,650 (-12.9%) $280,439 (-10.9%) 0.00 193
    2024-06-01 $179,950 (-17.3%) $292,140 (-2.4%) 0.00 204
    2024-07-01 $186,200 (-15.3%) $296,391 (1.1%) 0.00 216
    2024-08-01 $219,900 (3.5%) $313,315 (8.1%) 0.00 213
    2024-09-01 $212,250 (6.2%) $298,443 (6.0%) 0.00 221
    2024-10-01 $215,000 (10.4%) $303,890 (9.7%) 0.00 223
    Beckley's median listing price for 2024-10-01 was $215,000, a difference of $20,250 (10.4%) versus the prior year and $2,750 versus the prior month.

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

    Beckley's average listing price for 2024-10-01 was $303,890, a difference of $26,840 (9.7%) versus the prior year and $5,447 versus the prior month.

    For the 2024-10-01 period, Beckley had 223 MLS listings, a difference of 2 listings (1%) versus the prior month and 24 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Beckley (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,773 sqft
    2018-02-01 0 days 1,755 sqft
    2018-03-01 0 days 1,750 sqft
    2018-04-01 0 days 1,750 sqft
    2018-05-01 0 days 1,764 sqft
    2018-06-01 0 days 1,764 sqft
    2018-07-01 0 days 1,760 sqft
    2018-08-01 0 days 1,740 sqft
    2018-09-01 0 days 1,754 sqft
    2018-10-01 0 days 1,742 sqft
    2018-11-01 0 days 1,716 sqft
    2018-12-01 0 days 1,686 sqft
    2019-01-01 0 days 1,668 sqft
    2019-02-01 0 days 1,737 sqft
    2019-03-01 0 days 1,769 sqft
    2019-04-01 0 days 1,798 sqft
    2019-05-01 0 days 1,844 sqft
    2019-06-01 0 days 1,861 sqft
    2019-07-01 0 days 1,881 sqft
    2019-08-01 0 days 1,885 sqft
    2019-09-01 0 days 1,881 sqft
    2019-10-01 0 days 1,878 sqft
    2019-11-01 0 days 1,891 sqft
    2019-12-01 0 days 1,845 sqft
    2020-01-01 0 days 1,799 sqft
    2020-02-01 0 days 1,738 sqft
    2020-03-01 0 days 1,673 sqft
    2020-04-01 0 days 1,618 sqft
    2020-05-01 0 days 1,657 sqft
    2020-06-01 0 days 1,651 sqft
    2020-07-01 0 days 1,741 sqft
    2020-08-01 0 days 1,824 sqft
    2020-09-01 0 days 1,748 sqft
    2020-10-01 0 days 1,591 sqft
    2020-11-01 0 days 1,590 sqft
    2020-12-01 0 days 1,580 sqft
    2021-01-01 0 days 1,584 sqft
    2021-02-01 0 days 1,617 sqft
    2021-03-01 0 days 1,672 sqft
    2021-04-01 0 days 1,675 sqft
    2021-05-01 0 days 1,812 sqft
    2021-06-01 0 days 1,800 sqft
    2021-07-01 0 days 1,755 sqft
    2021-08-01 0 days 1,732 sqft
    2021-09-01 0 days 1,702 sqft
    2021-10-01 0 days 1,702 sqft
    2021-11-01 0 days 1,695 sqft
    2021-12-01 0 days 1,663 sqft
    2022-01-01 0 days 1,575 sqft
    2022-02-01 0 days 1,584 sqft
    2022-03-01 0 days 1,688 sqft
    2022-04-01 0 days 1,594 sqft
    2022-05-01 0 days 1,578 sqft
    2022-06-01 0 days 1,604 sqft
    2022-07-01 0 days 1,584 sqft
    2022-08-01 0 days 1,636 sqft
    2022-09-01 0 days 1,649 sqft
    2022-10-01 0 days 1,530 sqft
    2022-11-01 0 days 1,587 sqft
    2022-12-01 0 days 1,527 sqft
    2023-01-01 0 days 1,520 sqft
    2023-02-01 0 days 1,533 sqft
    2023-03-01 0 days 1,583 sqft
    2023-04-01 0 days 1,674 sqft
    2023-05-01 0 days 1,755 sqft
    2023-06-01 0 days 1,794 sqft
    2023-07-01 0 days 1,819 sqft
    2023-08-01 0 days 1,808 sqft
    2023-09-01 0 days 1,823 sqft
    2023-10-01 0 days 1,862 sqft
    2023-11-01 0 days 1,877 sqft
    2023-12-01 0 days 1,894 sqft
    2024-01-01 0 days 1,705 sqft
    2024-02-01 0 days 1,678 sqft
    2024-03-01 0 days 1,668 sqft
    2024-04-01 0 days 1,652 sqft
    2024-05-01 0 days 1,667 sqft
    2024-06-01 0 days 1,731 sqft
    2024-07-01 0 days 1,800 sqft
    2024-08-01 0 days 1,851 sqft
    2024-09-01 0 days 1,741 sqft
    2024-10-01 0 days 1,699 sqft
    Beckley's median listing age (time on market) for 2024-10-01 was 0 days.

    Beckley's median square footage for active listings during the 2024-10-01 period was 1,699 sqft. One year prior, the average listing was 1,862 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.