Weirton VA Loan Rates, Closing Costs & Stats

WEIRTON-STEUBENVILLE, WV-OH

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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.

    Weirton's 28 lenders originated 92 VA loans during 2023. The total origination value was $16,480,000, with an average VA loan value of $179,130.

    Weirton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Weirton averaged 6.11% for the week of 2024-10-25, compared to the national average (all VA variants) of 6.14% for the same period.

    Weirton's average VA mortgage closing costs are $4,811.

    The average rate for the prior week (2024-10-18) was 6.32% and one month ago for the week of 2024-09-20, the average rate was 5.62%.

    The average rate one year ago was 7.74%.

    For refis of the same type during the week of 2024-10-25, the average rate was 7.03%.

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

    Weirton 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 Weirton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 30 6.76% $4,578
    QUICKEN LOANS, LLC 14 6.30% $9,287
    POLARIS HOME FUNDING CORP. 5 6.73% $5,905
    BROKER SOLUTIONS, INC. 4 7.06% $9,488
    WesBanco 3 5.50% $10,426
    FREEDOM MORTGAGE CORPORATION 3 6.75% $10,549
    NAVY FEDERAL CREDIT UNION 3 5.92% $2,358
    NEW DAY FINANCIAL, LLC 2 7.50% $3,385
    UNITED WHOLESALE MORTGAGE, LLC 2 6.19% $3,316
    CROSSCOUNTRY MORTGAGE, LLC 2 7.50% $3,748
    LOANDEPOT.COM, LLC 2 6.69% $7,416
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $8,491
    MID AMERICA MORTGAGE, INC. 1 6.13% $4,235
    Citizens Bank 1 6.63% $8,942
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $9,399
    Bank of America 1 7.00% $1,996
    PENNYMAC LOAN SERVICES, LLC 1 6.25% $3,686
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $4,720
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $13,565
    Barrington Bank & Trust Company, N.A. 1 6.63% $11,195
    RAPID MORTGAGE COMPANY 1 7.38% $11,486
    UNION HOME MORTGAGE CORP. 1 6.50% $6,013
    DEVELOPER'S MORTGAGE COMPANY 1 6.63% $2,129
    DAS Acquisition Company, LLC 1 7.25% $2,045
    VILLAGE CAPITAL MORTGAGE 1 6.25% $16,167
    Goldwater Bank, N.A. 1 5.88% $18,049
    JPMorgan Chase Bank 1 6.63% $3,209

    The top Weirton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 30 VA loans originated. Their average total fees are $4,578, which is $4,709 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Weirton VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,578), QUICKEN LOANS, LLC ($9,287), .

    The lowest rate Weirton VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.30%), Mortgage Research Center, LLC (6.76%), .

    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.