Beckley VA Loans
BECKLEY, WV
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 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 30 lenders originated 262 VA loans during 2021. The total origination value was $46,170,000, with an average VA loan value of $176,221.
Beckley VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Beckley
averaged
5.37%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.7% and
one month ago for the week of 2022-04-08, the
average rate was 5.13%.
The average rate one year ago was 3.04%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.64%.
Beckley VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Beckley level.
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
$4,835, which is $479
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Beckley VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,018), MOVEMENT MORTGAGE, LLC ($2,844), PENNYMAC LOAN SERVICES, LLC ($4,118), USAA Federal Savings Bank ($4,145) and QUICKEN LOANS, LLC ($4,357).
The lowest rate Beckley VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.61%), PENNYMAC LOAN SERVICES, LLC (2.66%), FREEDOM MORTGAGE CORPORATION (2.68%), USAA Federal Savings Bank (2.90%) and Mortgage Research Center, LLC (2.99%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Beckley (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $127,000 (-7.3%) | $178,664 (-1.3%) | 0.00 | 638 |
2018-02-01 | $127,450 (-7.6%) | $177,461 (-1.6%) | 0.00 | 635 |
2018-03-01 | $129,900 (-10.4%) | $180,613 (-0.8%) | 0.00 | 626 |
2018-04-01 | $135,400 (-7.8%) | $191,361 (2.4%) | 0.00 | 608 |
2018-05-01 | $144,000 (-0.7%) | $195,865 (5.1%) | 0.00 | 625 |
2018-06-01 | $142,000 (-4.7%) | $197,610 (2.3%) | 0.00 | 686 |
2018-07-01 | $139,000 (-4.1%) | $191,094 (1.5%) | 0.00 | 722 |
2018-08-01 | $138,450 (-4.5%) | $190,768 (1.4%) | 0.00 | 727 |
2018-09-01 | $139,000 (-4.1%) | $188,595 (-0.1%) | 0.00 | 735 |
2018-10-01 | $135,000 (-3.5%) | $189,306 (0.0%) | 0.00 | 667 |
2018-11-01 | $129,950 (-3.7%) | $188,409 (2.5%) | 0.00 | 601 |
2018-12-01 | $129,900 (0.0%) | $185,084 (2.0%) | 0.00 | 550 |
2019-01-01 | $129,450 (1.9%) | $185,549 (3.9%) | 0.00 | 492 |
2019-02-01 | $137,000 (7.5%) | $195,763 (10.3%) | 0.00 | 485 |
2019-03-01 | $143,157 (10.2%) | $200,983 (11.3%) | 0.00 | 486 |
2019-04-01 | $145,957 (7.8%) | $204,905 (7.1%) | 0.00 | 487 |
2019-05-01 | $148,700 (3.3%) | $212,520 (8.5%) | 0.00 | 511 |
2019-06-01 | $149,900 (5.6%) | $214,198 (8.4%) | 0.00 | 537 |
2019-07-01 | $149,900 (7.8%) | $214,480 (12.2%) | 0.00 | 532 |
2019-08-01 | $148,657 (7.4%) | $210,546 (10.4%) | 0.00 | 528 |
2019-09-01 | $147,207 (5.9%) | $206,388 (9.4%) | 0.00 | 533 |
2019-10-01 | $129,900 (-3.8%) | $183,003 (-3.3%) | 0.00 | 594 |
2019-11-01 | $125,000 (-3.8%) | $188,559 (0.1%) | 0.00 | 561 |
2019-12-01 | $123,250 (-5.1%) | $181,042 (-2.2%) | 0.00 | 554 |
2020-01-01 | $125,000 (-3.4%) | $180,390 (-2.8%) | 0.00 | 505 |
2020-02-01 | $139,000 (1.5%) | $194,970 (-0.4%) | 0.00 | 443 |
2020-03-01 | $133,450 (-6.8%) | $192,980 (-4.0%) | 0.00 | 443 |
2020-04-01 | $127,500 (-12.7%) | $192,704 (-6.0%) | 0.00 | 407 |
2020-05-01 | $120,000 (-19.3%) | $189,722 (-10.7%) | 0.00 | 370 |
2020-06-01 | $118,000 (-21.3%) | $191,638 (-10.5%) | 0.00 | 368 |
2020-07-01 | $127,500 (-14.9%) | $204,866 (-4.5%) | 0.00 | 358 |
2020-08-01 | $125,000 (-15.9%) | $221,683 (5.3%) | 0.00 | 335 |
2020-09-01 | $123,170 (-16.3%) | $228,924 (10.9%) | 0.00 | 327 |
2020-10-01 | $119,000 (-8.4%) | $215,418 (17.7%) | 0.00 | 373 |
2020-11-01 | $115,000 (-8.0%) | $211,072 (11.9%) | 0.00 | 365 |
2020-12-01 | $121,720 (-1.2%) | $211,449 (16.8%) | 0.00 | 330 |
2021-01-01 | $129,900 (3.9%) | $226,922 (25.8%) | 0.00 | 284 |
2021-02-01 | $139,000 (0.0%) | $258,641 (32.7%) | 0.00 | 246 |
2021-03-01 | $138,000 (3.4%) | $269,647 (39.7%) | 0.00 | 221 |
2021-04-01 | $149,450 (17.2%) | $285,280 (48.0%) | 0.00 | 196 |
2021-05-01 | $159,000 (32.5%) | $291,398 (53.6%) | 0.00 | 184 |
2021-06-01 | $162,450 (37.7%) | $275,186 (43.6%) | 0.00 | 199 |
2021-07-01 | $152,000 (19.2%) | $242,640 (18.4%) | 0.00 | 208 |
2021-08-01 | $143,750 (15.0%) | $232,434 (4.9%) | 0.00 | 205 |
2021-09-01 | $147,000 (19.4%) | $248,172 (8.4%) | 0.00 | 183 |
2021-10-01 | $158,000 (32.8%) | $246,985 (14.7%) | 0.00 | 172 |
2021-11-01 | $154,950 (34.7%) | $244,908 (16.0%) | 0.00 | 160 |
2021-12-01 | $146,500 (20.4%) | $254,612 (20.4%) | 0.00 | 144 |
2022-01-01 | $140,000 (7.8%) | $257,445 (13.5%) | 0.00 | 121 |
2022-02-01 | $124,950 (-10.1%) | $218,209 (-15.6%) | 0.00 | 124 |
2022-03-01 | $156,950 (13.7%) | $240,415 (-10.8%) | 0.00 | 116 |
2022-04-01 | $130,000 (-13.0%) | $230,560 (-19.2%) | 0.00 | 128 |
Beckley's median listing price comes in at 0% of the national average.
Beckley's average listing price for 2022-04-01 was $230,560, a difference of $-54,720 (-19.2%) versus the prior year and $-9,855 versus the prior month.
For the 2022-04-01 period, Beckley had 128 MLS listings, a difference of 12 listings (10%) versus the prior month and -68 listings (-35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Beckley (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,845 sqft |
2018-02-01 | 0 days | 1,795 sqft |
2018-03-01 | 0 days | 1,776 sqft |
2018-04-01 | 0 days | 1,793 sqft |
2018-05-01 | 0 days | 1,845 sqft |
2018-06-01 | 0 days | 1,806 sqft |
2018-07-01 | 0 days | 1,799 sqft |
2018-08-01 | 0 days | 1,793 sqft |
2018-09-01 | 0 days | 1,798 sqft |
2018-10-01 | 0 days | 1,780 sqft |
2018-11-01 | 0 days | 1,761 sqft |
2018-12-01 | 0 days | 1,747 sqft |
2019-01-01 | 0 days | 1,743 sqft |
2019-02-01 | 0 days | 1,793 sqft |
2019-03-01 | 0 days | 1,816 sqft |
2019-04-01 | 0 days | 1,839 sqft |
2019-05-01 | 0 days | 1,850 sqft |
2019-06-01 | 0 days | 1,872 sqft |
2019-07-01 | 0 days | 1,867 sqft |
2019-08-01 | 0 days | 1,884 sqft |
2019-09-01 | 0 days | 1,884 sqft |
2019-10-01 | 0 days | 1,887 sqft |
2019-11-01 | 0 days | 1,900 sqft |
2019-12-01 | 0 days | 1,842 sqft |
2020-01-01 | 0 days | 1,808 sqft |
2020-02-01 | 0 days | 1,716 sqft |
2020-03-01 | 0 days | 1,675 sqft |
2020-04-01 | 0 days | 1,661 sqft |
2020-05-01 | 0 days | 1,673 sqft |
2020-06-01 | 0 days | 1,638 sqft |
2020-07-01 | 0 days | 1,729 sqft |
2020-08-01 | 0 days | 1,757 sqft |
2020-09-01 | 0 days | 1,728 sqft |
2020-10-01 | 0 days | 1,599 sqft |
2020-11-01 | 0 days | 1,587 sqft |
2020-12-01 | 0 days | 1,523 sqft |
2021-01-01 | 0 days | 1,564 sqft |
2021-02-01 | 0 days | 1,624 sqft |
2021-03-01 | 0 days | 1,676 sqft |
2021-04-01 | 0 days | 1,741 sqft |
2021-05-01 | 0 days | 1,846 sqft |
2021-06-01 | 0 days | 1,874 sqft |
2021-07-01 | 0 days | 1,814 sqft |
2021-08-01 | 0 days | 1,788 sqft |
2021-09-01 | 0 days | 1,815 sqft |
2021-10-01 | 0 days | 1,835 sqft |
2021-11-01 | 0 days | 1,783 sqft |
2021-12-01 | 0 days | 1,780 sqft |
2022-01-01 | 0 days | 1,594 sqft |
2022-02-01 | 0 days | 1,548 sqft |
2022-03-01 | 0 days | 1,712 sqft |
2022-04-01 | 0 days | 1,620 sqft |
Beckley's median square footage for active listings during the 2022-04-01 period was 1,620 sqft. One year prior, the average listing was 1,741 sqft.