Parkersburg VA Loan Rates, Closing Costs & Stats

PARKERSBURG-VIENNA, 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 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.

Parkersburg's 22 lenders originated 94 VA loans during 2023. The total origination value was $20,180,000, with an average VA loan value of $214,681.

Parkersburg VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Parkersburg averaged -0.18% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Parkersburg's average VA mortgage closing costs are $4,748.

The average rate for the prior week (2024-11-22) was 6.58% and one month ago for the week of 2024-10-25, the average rate was 6.28%.

The average rate one year ago was 7.12%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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

Parkersburg 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 Parkersburg level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 26 6.87% $3,229
MOVEMENT MORTGAGE, LLC 13 6.57% $6,448
QUICKEN LOANS, LLC 9 6.14% $10,204
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.81% $7,346
NAVY FEDERAL CREDIT UNION 6 5.98% $5,666
Nations Lending Corporation 4 7.50% $2,840
FREEDOM MORTGAGE CORPORATION 4 7.03% $11,524
LOANDEPOT.COM, LLC 3 6.96% $10,947
USAA Federal Savings Bank 2 6.75% $4,015
Flagstar Bank, FSB 2 6.44% $3,537
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.00% $10,643
The Huntington National Bank 2 7.06% $3,654
Truist 2 6.16% $2,731
First Horizon Bank 1 6.63% $9,496
CARDINAL FINANCIAL 1 6.25% $13,602
PENNYMAC LOAN SERVICES, LLC 1 6.88% $13,412
PLANET HOME LENDING, LLC 1 6.25% $15,023
Barrington Bank & Trust Company, N.A. 1 6.75% $3,560
AMERISAVE MORTGAGE CORPORATION 1 6.75% $6,280
INTERCOASTAL MORTGAGE COMPANY 1 7.00% $5,167
AMERICAN FINANCING CORPORATION 1 5.50% $7,932
GUILD MORTGAGE COMPANY 1 6.00% $7,559

The top Parkersburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $3,229, which is $3,219 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Parkersburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,229), MOVEMENT MORTGAGE, LLC ($6,448), .

The lowest rate Parkersburg VA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.57%), Mortgage Research Center, LLC (6.87%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Parkersburg (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 $136,700 (7.7%) $188,193 (4.8%) 0.00 281
2018-02-01 $130,450 (2.7%) $191,111 (5.4%) 0.00 258
2018-03-01 $129,900 (0.0%) $197,101 (10.2%) 0.00 255
2018-04-01 $134,000 (3.1%) $206,000 (16.4%) 0.00 268
2018-05-01 $136,400 (2.2%) $208,144 (21.1%) 0.00 269
2018-06-01 $145,000 (7.4%) $194,376 (11.4%) 0.00 275
2018-07-01 $147,000 (5.8%) $190,651 (7.8%) 0.00 293
2018-08-01 $143,500 (2.7%) $187,137 (-8.7%) 0.00 298
2018-09-01 $139,900 (-1.8%) $187,922 (-9.3%) 0.00 290
2018-10-01 $140,175 (3.1%) $207,719 (2.9%) 0.00 290
2018-11-01 $139,225 (0.3%) $225,997 (9.2%) 0.00 281
2018-12-01 $135,000 (-0.4%) $229,557 (22.4%) 0.00 281
2019-01-01 $136,950 (0.2%) $237,107 (26.0%) 0.00 269
2019-02-01 $135,000 (3.5%) $239,838 (25.5%) 0.00 259
2019-03-01 $141,121 (8.6%) $223,934 (13.6%) 0.00 240
2019-04-01 $149,450 (11.5%) $202,464 (-1.7%) 0.00 216
2019-05-01 $149,950 (9.9%) $194,031 (-6.8%) 0.00 215
2019-06-01 $150,000 (3.5%) $196,075 (0.9%) 0.00 228
2019-07-01 $149,950 (2.0%) $192,281 (0.9%) 0.00 270
2019-08-01 $150,432 (4.8%) $201,286 (7.6%) 0.00 285
2019-09-01 $154,830 (10.7%) $218,795 (16.4%) 0.00 295
2019-10-01 $158,600 (13.1%) $213,897 (3.0%) 0.00 302
2019-11-01 $158,900 (14.1%) $201,398 (-10.9%) 0.00 291
2019-12-01 $150,000 (11.1%) $196,275 (-14.5%) 0.00 287
2020-01-01 $155,625 (13.6%) $226,659 (-4.4%) 0.00 276
2020-02-01 $152,500 (13.0%) $223,356 (-6.9%) 0.00 275
2020-03-01 $153,250 (8.6%) $222,793 (-0.5%) 0.00 257
2020-04-01 $154,725 (3.5%) $221,719 (9.5%) 0.00 244
2020-05-01 $155,750 (3.9%) $222,412 (14.6%) 0.00 226
2020-06-01 $149,700 (-0.2%) $193,329 (-1.4%) 0.00 208
2020-07-01 $153,425 (2.3%) $196,152 (2.0%) 0.00 180
2020-08-01 $164,000 (9.0%) $199,152 (-1.1%) 0.00 172
2020-09-01 $155,450 (0.4%) $194,549 (-11.1%) 0.00 183
2020-10-01 $159,900 (0.8%) $202,648 (-5.3%) 0.00 183
2020-11-01 $159,950 (0.7%) $224,768 (11.6%) 0.00 173
2020-12-01 $167,100 (11.4%) $229,329 (16.8%) 0.00 166
2021-01-01 $168,500 (8.3%) $222,759 (-1.7%) 0.00 158
2021-02-01 $149,375 (-2.1%) $219,325 (-1.8%) 0.00 134
2021-03-01 $149,000 (-2.8%) $227,436 (2.1%) 0.00 112
2021-04-01 $151,950 (-1.8%) $228,783 (3.2%) 0.00 103
2021-05-01 $165,000 (5.9%) $241,655 (8.7%) 0.00 102
2021-06-01 $171,500 (14.6%) $243,760 (26.1%) 0.00 105
2021-07-01 $168,000 (9.5%) $318,801 (62.5%) 0.00 136
2021-08-01 $159,000 (-3.1%) $286,081 (43.7%) 0.00 150
2021-09-01 $159,675 (2.7%) $298,279 (53.3%) 0.00 148
2021-10-01 $159,000 (-0.6%) $296,773 (46.5%) 0.00 134
2021-11-01 $159,000 (-0.6%) $289,009 (28.6%) 0.00 135
2021-12-01 $154,450 (-7.6%) $282,177 (23.0%) 0.00 124
2022-01-01 $154,900 (-8.1%) $308,037 (38.3%) 0.00 95
2022-02-01 $157,400 (5.4%) $348,046 (58.7%) 0.00 73
2022-03-01 $157,225 (5.5%) $340,794 (49.8%) 0.00 71
2022-04-01 $169,000 (11.2%) $366,670 (60.3%) 0.00 73
2022-05-01 $201,225 (22.0%) $313,297 (29.7%) 0.00 88
2022-06-01 $184,500 (7.6%) $273,467 (12.2%) 0.00 113
2022-07-01 $185,000 (10.1%) $278,303 (-12.7%) 0.00 124
2022-08-01 $189,000 (18.9%) $272,709 (-4.7%) 0.00 136
2022-09-01 $186,000 (16.5%) $260,986 (-12.5%) 0.00 131
2022-10-01 $185,000 (16.4%) $249,808 (-15.8%) 0.00 136
2022-11-01 $189,000 (18.9%) $256,239 (-11.3%) 0.00 136
2022-12-01 $177,000 (14.6%) $248,897 (-11.8%) 0.00 126
2023-01-01 $164,000 (5.9%) $257,437 (-16.4%) 0.00 108
2023-02-01 $180,000 (14.4%) $265,171 (-23.8%) 0.00 102
2023-03-01 $188,725 (20.0%) $257,330 (-24.5%) 0.00 107
2023-04-01 $195,000 (15.4%) $267,283 (-27.1%) 0.00 104
2023-05-01 $205,000 (1.9%) $276,928 (-11.6%) 0.00 105
2023-06-01 $209,475 (13.5%) $280,263 (2.5%) 0.00 113
2023-07-01 $206,250 (11.5%) $268,525 (-3.5%) 0.00 120
2023-08-01 $194,250 (2.8%) $252,738 (-7.3%) 0.00 128
2023-09-01 $189,000 (1.6%) $248,457 (-4.8%) 0.00 125
2023-10-01 $181,975 (-1.6%) $241,305 (-3.4%) 0.00 135
2023-11-01 $194,725 (3.0%) $244,018 (-4.8%) 0.00 135
2023-12-01 $190,000 (7.3%) $226,889 (-8.8%) 0.00 137
2024-01-01 $202,250 (23.3%) $233,899 (-9.1%) 0.00 128
2024-02-01 $218,725 (21.5%) $248,572 (-6.3%) 0.00 110
2024-03-01 $225,000 (19.2%) $271,610 (5.6%) 0.00 124
2024-04-01 $222,500 (14.1%) $263,579 (-1.4%) 0.00 122
2024-05-01 $218,375 (6.5%) $277,817 (0.3%) 0.00 119
2024-06-01 $229,900 (9.8%) $291,336 (4.0%) 0.00 123
2024-07-01 $209,225 (1.4%) $269,971 (0.5%) 0.00 129
2024-08-01 $199,900 (2.9%) $275,992 (9.2%) 0.00 132
2024-09-01 $199,350 (5.5%) $269,507 (8.5%) 0.00 143
2024-10-01 $213,475 (17.3%) $271,940 (12.7%) 0.00 151
Parkersburg's median listing price for 2024-10-01 was $213,475, a difference of $31,500 (17.3%) versus the prior year and $14,125 versus the prior month.

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

Parkersburg's average listing price for 2024-10-01 was $271,940, a difference of $30,635 (12.7%) versus the prior year and $2,433 versus the prior month.

For the 2024-10-01 period, Parkersburg had 151 MLS listings, a difference of 8 listings (6%) versus the prior month and 16 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Parkersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,595 sqft
2018-02-01 0 days 1,594 sqft
2018-03-01 0 days 1,566 sqft
2018-04-01 0 days 1,629 sqft
2018-05-01 0 days 1,603 sqft
2018-06-01 0 days 1,668 sqft
2018-07-01 0 days 1,859 sqft
2018-08-01 0 days 1,823 sqft
2018-09-01 0 days 1,840 sqft
2018-10-01 0 days 1,850 sqft
2018-11-01 0 days 1,859 sqft
2018-12-01 0 days 1,815 sqft
2019-01-01 0 days 1,859 sqft
2019-02-01 0 days 1,880 sqft
2019-03-01 0 days 1,905 sqft
2019-04-01 0 days 1,928 sqft
2019-05-01 0 days 1,694 sqft
2019-06-01 0 days 1,748 sqft
2019-07-01 0 days 1,751 sqft
2019-08-01 0 days 1,782 sqft
2019-09-01 0 days 1,801 sqft
2019-10-01 0 days 1,813 sqft
2019-11-01 0 days 1,800 sqft
2019-12-01 0 days 1,808 sqft
2020-01-01 0 days 1,798 sqft
2020-02-01 0 days 1,829 sqft
2020-03-01 0 days 1,836 sqft
2020-04-01 0 days 1,855 sqft
2020-05-01 0 days 1,833 sqft
2020-06-01 0 days 1,832 sqft
2020-07-01 0 days 1,828 sqft
2020-08-01 0 days 1,840 sqft
2020-09-01 0 days 1,773 sqft
2020-10-01 0 days 1,828 sqft
2020-11-01 0 days 1,843 sqft
2020-12-01 0 days 1,890 sqft
2021-01-01 0 days 1,844 sqft
2021-02-01 0 days 1,698 sqft
2021-03-01 0 days 1,716 sqft
2021-04-01 0 days 1,770 sqft
2021-05-01 0 days 1,808 sqft
2021-06-01 0 days 1,893 sqft
2021-07-01 0 days 1,774 sqft
2021-08-01 0 days 1,719 sqft
2021-09-01 0 days 1,818 sqft
2021-10-01 0 days 1,773 sqft
2021-11-01 0 days 1,794 sqft
2021-12-01 0 days 1,749 sqft
2022-01-01 0 days 1,698 sqft
2022-02-01 0 days 1,655 sqft
2022-03-01 0 days 1,816 sqft
2022-04-01 0 days 1,826 sqft
2022-05-01 0 days 1,839 sqft
2022-06-01 0 days 1,834 sqft
2022-07-01 0 days 1,843 sqft
2022-08-01 0 days 1,917 sqft
2022-09-01 0 days 1,908 sqft
2022-10-01 0 days 1,858 sqft
2022-11-01 0 days 2,003 sqft
2022-12-01 0 days 1,904 sqft
2023-01-01 0 days 1,804 sqft
2023-02-01 0 days 1,748 sqft
2023-03-01 0 days 1,826 sqft
2023-04-01 0 days 1,840 sqft
2023-05-01 0 days 1,839 sqft
2023-06-01 0 days 1,884 sqft
2023-07-01 0 days 1,856 sqft
2023-08-01 0 days 1,853 sqft
2023-09-01 0 days 1,792 sqft
2023-10-01 0 days 1,642 sqft
2023-11-01 0 days 1,825 sqft
2023-12-01 0 days 1,844 sqft
2024-01-01 0 days 1,911 sqft
2024-02-01 0 days 2,057 sqft
2024-03-01 0 days 2,201 sqft
2024-04-01 0 days 2,170 sqft
2024-05-01 0 days 2,034 sqft
2024-06-01 0 days 2,000 sqft
2024-07-01 0 days 1,756 sqft
2024-08-01 0 days 1,804 sqft
2024-09-01 0 days 1,775 sqft
2024-10-01 0 days 1,825 sqft
Parkersburg's median listing age (time on market) for 2024-10-01 was 0 days.

Parkersburg's median square footage for active listings during the 2024-10-01 period was 1,825 sqft. One year prior, the average listing was 1,642 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.