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 32 lenders originated 157 VA loans during 2024. The total origination value was $35,835,000, with an average VA loan value of $228,248.

    Beckley VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Beckley averaged 0.25% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Beckley's average VA mortgage closing costs are $4,280.

    The average rate for the prior week (2025-06-13) was 7% and one month ago for the week of 2025-05-16, the average rate was 6.96%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.58%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 48 6.55% $4,130
    MOVEMENT MORTGAGE, LLC 12 6.48% $5,514
    QUICKEN LOANS, LLC 10 6.26% $9,171
    UNITED WHOLESALE MORTGAGE, LLC 8 6.27% $6,948
    PENNYMAC LOAN SERVICES, LLC 7 5.48% $7,106
    NAVY FEDERAL CREDIT UNION 7 5.93% $2,883
    The Huntington National Bank 6 6.75% $4,709
    Truist 5 5.70% $4,358
    USAA Federal Savings Bank 5 6.28% $3,917
    Alcova Mortgage LLC 4 6.53% $8,854
    VILLAGE CAPITAL MORTGAGE 3 5.67% $6,544
    U.S. Bank 3 6.50% $3,110
    Gateway First Bank 2 6.25% $3,402
    Barrington Bank & Trust Company, N.A. 2 7.00% $6,197
    JPMorgan Chase Bank 2 6.75% $3,973
    FREEDOM MORTGAGE CORPORATION 2 6.75% $11,003
    LAKEVIEW LOAN SERVICING, LLC 2 6.00% $4,101
    LOANDEPOT.COM, LLC 2 7.00% $4,022
    Texana Bank 1 6.25% $1,283
    CMG MORTGAGE, INC. 1 6.50% $4,128
    THE MORTGAGE FIRM, INC. 1 7.25% $4,853
    BROKER SOLUTIONS, INC. 1 6.99% $7,028
    United Bank 1 6.49% $6,107
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $25,956
    Waterstone Mortgage Corporation 1 7.63% $9,171
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $5,570
    NEWREZ LLC 1 6.25% $5,666
    First Federal Bank 1 5.88% $2,898
    CONTOUR MORTGAGE CORPORATION 1 5.50% $18,182
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $13,485
    T2 FINANCIAL LLC 1 7.13% $2,851

    The top Beckley VA lender as defined by loan originations is Mortgage Research Center, LLC, with 48 VA loans originated. Their average total fees are $4,130, which is $1,384 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Beckley VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,130), MOVEMENT MORTGAGE, LLC ($5,514), QUICKEN LOANS, LLC ($9,171), .

    The lowest rate Beckley VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.26%), MOVEMENT MORTGAGE, LLC (6.48%), Mortgage Research Center, LLC (6.55%), .

    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.