Elkins VA Loan Rates, Closing Costs & Stats

Elkins, 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.

    Elkins's 11 lenders originated 20 VA loans during 2024. The total origination value was $5,430,000, with an average VA loan value of $271,500.

    Elkins VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Elkins averaged 6.46% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Elkins's average VA mortgage closing costs are $4,692.

    The average rate for the prior week (2025-03-28) was 6.38% and one month ago for the week of 2025-02-28, the average rate was 6.56%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.86%.

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

    Elkins 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 Elkins level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 7 6.50% $4,021
    NAVY FEDERAL CREDIT UNION 3 5.79% $7,594
    QUICKEN LOANS, LLC 2 6.25% $3,185
    MOVEMENT MORTGAGE, LLC 1 7.25% $4,577
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $4,762
    Presidential Bank, FSB 1 6.25% $8,839
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $650
    BROKER SOLUTIONS, INC. 1 6.75% $9,239
    The Federal Savings Bank 1 6.63% $7,775
    Equity Prime Mortgage LLC 1 6.25% $12,051
    Flagstar Bank, FSB 1 5.75% $4,094

    The top Elkins VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $4,021, which is $3,573 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Elkins VA lenders (with over 10 loans originated) are .

    The lowest rate Elkins VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Elkins (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 $134,800 (-17.6%) $171,104 (-6.6%) 0.00 130
    2018-02-01 $135,225 (-16.9%) $172,813 (-3.9%) 0.00 122
    2018-03-01 $149,500 (-7.3%) $185,205 (1.8%) 0.00 115
    2018-04-01 $159,725 (-0.5%) $192,337 (9.4%) 0.00 121
    2018-05-01 $159,000 (-1.2%) $188,200 (9.4%) 0.00 128
    2018-06-01 $149,950 (-4.1%) $186,614 (12.2%) 0.00 135
    2018-07-01 $160,000 (7.4%) $195,360 (17.8%) 0.00 137
    2018-08-01 $165,975 (16.6%) $199,167 (16.5%) 0.00 135
    2018-09-01 $174,999 (19.9%) $203,236 (18.7%) 0.00 129
    2018-10-01 $179,000 (21.6%) $200,541 (16.4%) 0.00 125
    2018-11-01 $173,650 (21.0%) $196,145 (12.8%) 0.00 120
    2018-12-01 $179,000 (28.8%) $201,258 (16.2%) 0.00 113
    2019-01-01 $179,675 (33.3%) $204,485 (19.5%) 0.00 106
    2019-02-01 $180,975 (33.8%) $208,085 (20.4%) 0.00 104
    2019-03-01 $176,429 (18.0%) $204,462 (10.4%) 0.00 106
    2019-04-01 $172,904 (8.3%) $203,088 (5.6%) 0.00 105
    2019-05-01 $174,300 (9.6%) $203,098 (7.9%) 0.00 110
    2019-06-01 $169,900 (13.3%) $197,069 (5.6%) 0.00 113
    2019-07-01 $164,300 (2.7%) $193,009 (-1.2%) 0.00 116
    2019-08-01 $167,882 (1.2%) $197,598 (-0.8%) 0.00 115
    2019-09-01 $166,655 (-4.8%) $194,703 (-4.2%) 0.00 114
    2019-10-01 $165,836 (-7.4%) $192,773 (-3.9%) 0.00 110
    2019-11-01 $152,500 (-12.2%) $196,175 (0.0%) 0.00 101
    2019-12-01 $151,250 (-15.5%) $197,058 (-2.1%) 0.00 84
    2020-01-01 $152,500 (-15.1%) $197,439 (-3.5%) 0.00 77
    2020-02-01 $169,000 (-6.6%) $198,229 (-4.7%) 0.00 85
    2020-03-01 $169,225 (-4.1%) $203,058 (-0.7%) 0.00 95
    2020-04-01 $172,400 (-0.3%) $205,755 (1.3%) 0.00 90
    2020-05-01 $179,900 (3.2%) $220,050 (8.4%) 0.00 87
    2020-06-01 $189,000 (11.2%) $219,533 (11.4%) 0.00 91
    2020-07-01 $184,450 (12.3%) $219,049 (13.5%) 0.00 91
    2020-08-01 $189,950 (13.2%) $224,272 (13.5%) 0.00 71
    2020-09-01 $176,450 (5.9%) $205,045 (5.3%) 0.00 65
    2020-10-01 $167,350 (0.9%) $206,371 (7.1%) 0.00 72
    2020-11-01 $174,900 (14.7%) $214,231 (9.2%) 0.00 65
    2020-12-01 $184,450 (22.0%) $220,254 (11.8%) 0.00 63
    2021-01-01 $189,900 (24.5%) $230,709 (16.9%) 0.00 55
    2021-02-01 $210,450 (24.5%) $239,711 (20.9%) 0.00 45
    2021-03-01 $192,200 (13.6%) $217,027 (6.9%) 0.00 41
    2021-04-01 $183,975 (6.7%) $199,335 (-3.1%) 0.00 42
    2021-05-01 $174,900 (-2.8%) $189,733 (-13.8%) 0.00 37
    2021-06-01 $168,450 (-10.9%) $195,624 (-10.9%) 0.00 37
    2021-07-01 $185,950 (0.8%) $206,136 (-5.9%) 0.00 51
    2021-08-01 $175,200 (-7.8%) $204,855 (-8.7%) 0.00 51
    2021-09-01 $177,875 (0.8%) $218,260 (6.4%) 0.00 52
    2021-10-01 $177,450 (6.0%) $214,105 (3.8%) 0.00 50
    2021-11-01 $183,500 (4.9%) $221,731 (3.5%) 0.00 48
    2021-12-01 $160,700 (-12.9%) $189,059 (-14.2%) 0.00 37
    2022-01-01 $169,000 (-11.0%) $191,057 (-17.2%) 0.00 34
    2022-02-01 $168,225 (-20.1%) $201,156 (-16.1%) 0.00 32
    2022-03-01 $173,500 (-9.7%) $209,157 (-3.6%) 0.00 24
    2022-04-01 $205,000 (11.4%) $229,836 (15.3%) 0.00 23
    2022-05-01 $200,525 (14.7%) $227,691 (20.0%) 0.00 30
    2022-06-01 $238,850 (41.8%) $270,211 (38.1%) 0.00 29
    2022-07-01 $219,900 (18.3%) $269,271 (30.6%) 0.00 28
    2022-08-01 $225,725 (28.8%) $294,457 (43.7%) 0.00 32
    2022-09-01 $207,500 (16.7%) $285,955 (31.0%) 0.00 35
    2022-10-01 $205,000 (15.5%) $259,423 (21.2%) 0.00 35
    2022-11-01 $199,950 (9.0%) $249,391 (12.5%) 0.00 38
    2022-12-01 $199,950 (24.4%) $257,220 (36.1%) 0.00 33
    2023-01-01 $192,450 (13.9%) $249,528 (30.6%) 0.00 29
    2023-02-01 $209,900 (24.8%) $233,200 (15.9%) 0.00 30
    2023-03-01 $185,950 (7.2%) $221,955 (6.1%) 0.00 31
    2023-04-01 $199,999 (-2.4%) $232,600 (1.2%) 0.00 19
    2023-05-01 $215,000 (7.2%) $249,513 (9.6%) 0.00 24
    2023-06-01 $241,375 (1.1%) $311,863 (15.4%) 0.00 25
    2023-07-01 $247,200 (12.4%) $331,152 (23.0%) 0.00 27
    2023-08-01 $218,475 (-3.2%) $292,348 (-0.7%) 0.00 34
    2023-09-01 $219,200 (5.6%) $287,079 (0.4%) 0.00 35
    2023-10-01 $239,000 (16.6%) $275,442 (6.2%) 0.00 45
    2023-11-01 $222,200 (11.1%) $275,031 (10.3%) 0.00 45
    2023-12-01 $239,500 (19.8%) $293,923 (14.3%) 0.00 39
    2024-01-01 $218,900 (13.7%) $257,960 (3.4%) 0.00 40
    2024-02-01 $219,900 (4.8%) $278,503 (19.4%) 0.00 34
    2024-03-01 $215,900 (16.1%) $275,744 (24.2%) 0.00 35
    2024-04-01 $219,925 (10.0%) $270,094 (16.1%) 0.00 34
    2024-05-01 $202,400 (-5.9%) $261,779 (4.9%) 0.00 38
    2024-06-01 $229,000 (-5.1%) $270,346 (-13.3%) 0.00 45
    2024-07-01 $262,175 (6.1%) $300,251 (-9.3%) 0.00 49
    2024-08-01 $269,000 (23.1%) $282,288 (-3.4%) 0.00 45
    2024-09-01 $238,725 (8.9%) $269,246 (-6.2%) 0.00 49
    2024-10-01 $234,875 (-1.7%) $269,293 (-2.2%) 0.00 52
    2024-11-01 $263,500 (18.6%) $307,331 (11.7%) 0.00 61
    2024-12-01 $266,000 (11.1%) $331,707 (12.9%) 0.00 62
    2025-01-01 $273,425 (24.9%) $344,995 (33.7%) 0.00 47
    2025-02-01 $275,000 (25.1%) $345,334 (24.0%) 0.00 47
    2025-03-01 $274,900 (27.3%) $349,332 (26.7%) 0.00 51
    Elkins's median listing price for 2025-03-01 was $274,900, a difference of $59,000 (27.3%) versus the prior year and $-100 versus the prior month.

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

    Elkins's average listing price for 2025-03-01 was $349,332, a difference of $73,588 (26.7%) versus the prior year and $3,998 versus the prior month.

    For the 2025-03-01 period, Elkins had 51 MLS listings, a difference of 4 listings (9%) versus the prior month and 16 listings (46%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elkins (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,807 sqft
    2018-02-01 0 days 1,820 sqft
    2018-03-01 0 days 1,907 sqft
    2018-04-01 0 days 1,982 sqft
    2018-05-01 0 days 1,876 sqft
    2018-06-01 0 days 1,850 sqft
    2018-07-01 0 days 1,900 sqft
    2018-08-01 0 days 1,930 sqft
    2018-09-01 0 days 1,998 sqft
    2018-10-01 0 days 1,993 sqft
    2018-11-01 0 days 1,845 sqft
    2018-12-01 0 days 1,845 sqft
    2019-01-01 0 days 1,838 sqft
    2019-02-01 0 days 1,884 sqft
    2019-03-01 0 days 1,905 sqft
    2019-04-01 0 days 1,813 sqft
    2019-05-01 0 days 1,894 sqft
    2019-06-01 0 days 1,900 sqft
    2019-07-01 0 days 1,897 sqft
    2019-08-01 0 days 1,884 sqft
    2019-09-01 0 days 1,877 sqft
    2019-10-01 0 days 1,873 sqft
    2019-11-01 0 days 1,872 sqft
    2019-12-01 0 days 1,962 sqft
    2020-01-01 0 days 1,944 sqft
    2020-02-01 0 days 1,941 sqft
    2020-03-01 0 days 1,879 sqft
    2020-04-01 0 days 1,991 sqft
    2020-05-01 0 days 1,990 sqft
    2020-06-01 0 days 1,826 sqft
    2020-07-01 0 days 1,797 sqft
    2020-08-01 0 days 1,924 sqft
    2020-09-01 0 days 1,767 sqft
    2020-10-01 0 days 1,842 sqft
    2020-11-01 0 days 1,906 sqft
    2020-12-01 0 days 1,757 sqft
    2021-01-01 0 days 1,776 sqft
    2021-02-01 0 days 1,901 sqft
    2021-03-01 0 days 1,663 sqft
    2021-04-01 0 days 1,649 sqft
    2021-05-01 0 days 1,650 sqft
    2021-06-01 0 days 1,648 sqft
    2021-07-01 0 days 1,862 sqft
    2021-08-01 0 days 1,654 sqft
    2021-09-01 0 days 1,612 sqft
    2021-10-01 0 days 1,605 sqft
    2021-11-01 0 days 1,598 sqft
    2021-12-01 0 days 1,523 sqft
    2022-01-01 0 days 1,800 sqft
    2022-02-01 0 days 1,631 sqft
    2022-03-01 0 days 1,566 sqft
    2022-04-01 0 days 1,604 sqft
    2022-05-01 0 days 1,672 sqft
    2022-06-01 0 days 1,739 sqft
    2022-07-01 0 days 1,936 sqft
    2022-08-01 0 days 1,957 sqft
    2022-09-01 0 days 1,814 sqft
    2022-10-01 0 days 1,773 sqft
    2022-11-01 0 days 1,728 sqft
    2022-12-01 0 days 1,749 sqft
    2023-01-01 0 days 1,697 sqft
    2023-02-01 0 days 1,703 sqft
    2023-03-01 0 days 1,808 sqft
    2023-04-01 0 days 1,792 sqft
    2023-05-01 0 days 2,096 sqft
    2023-06-01 0 days 1,936 sqft
    2023-07-01 0 days 1,845 sqft
    2023-08-01 0 days 1,700 sqft
    2023-09-01 0 days 2,100 sqft
    2023-10-01 0 days 2,030 sqft
    2023-11-01 0 days 1,832 sqft
    2023-12-01 0 days 1,865 sqft
    2024-01-01 0 days 1,844 sqft
    2024-02-01 0 days 1,827 sqft
    2024-03-01 0 days 1,716 sqft
    2024-04-01 0 days 1,685 sqft
    2024-05-01 0 days 1,763 sqft
    2024-06-01 0 days 1,805 sqft
    2024-07-01 0 days 1,861 sqft
    2024-08-01 0 days 1,778 sqft
    2024-09-01 0 days 1,717 sqft
    2024-10-01 0 days 1,638 sqft
    2024-11-01 0 days 1,785 sqft
    2024-12-01 0 days 1,750 sqft
    2025-01-01 0 days 1,849 sqft
    2025-02-01 0 days 1,899 sqft
    2025-03-01 0 days 1,853 sqft
    Elkins's median listing age (time on market) for 2025-03-01 was 0 days.

    Elkins's median square footage for active listings during the 2025-03-01 period was 1,853 sqft. One year prior, the average listing was 1,716 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.