Wheeling VA Loan Rates, Closing Costs & Stats

WHEELING, 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.

    Wheeling's 25 lenders originated 98 VA loans during 2023. The total origination value was $20,390,000, with an average VA loan value of $208,061.

    Wheeling VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wheeling averaged 6.59% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Wheeling's average VA mortgage closing costs are $4,865.

    The average rate for the prior week (2024-11-01) was 6.44% and one month ago for the week of 2024-10-04, the average rate was 5.87%.

    The average rate one year ago was 7.73%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.14%.

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

    Wheeling 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 Wheeling level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 32 6.91% $4,740
    QUICKEN LOANS, LLC 12 6.38% $9,011
    USAA Federal Savings Bank 6 6.35% $5,909
    Truist 5 6.32% $6,667
    MID AMERICA MORTGAGE, INC. 4 6.25% $3,913
    NAVY FEDERAL CREDIT UNION 4 6.25% $1,841
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.38% $1,011
    NEW DAY FINANCIAL, LLC 3 7.41% $8,281
    CROSSCOUNTRY MORTGAGE, LLC 3 6.71% $5,854
    UNION HOME MORTGAGE CORP. 2 7.06% $8,756
    WesBanco 2 6.31% $4,873
    Barrington Bank & Trust Company, N.A. 2 6.00% $17,489
    FREEDOM MORTGAGE CORPORATION 2 6.50% $8,778
    UNITED WHOLESALE MORTGAGE, LLC 2 6.81% $2,150
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $19,688
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $9,605
    EQUITY RESOURCES, INC. 1 6.50% $13,381
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $6,557
    Flagstar Bank, FSB 1 6.75% $4,404
    GUARANTEED RATE, INC. 1 6.25% $1,098
    AMERISAVE MORTGAGE CORPORATION 1 5.50% $11,234
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $2,272
    POLARIS HOME FUNDING CORP. 1 6.75% $5,104
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $10,452
    U.S. Bank 1 6.88% $3,821

    The top Wheeling VA lender as defined by loan originations is Mortgage Research Center, LLC, with 32 VA loans originated. Their average total fees are $4,740, which is $4,271 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Wheeling VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,740), QUICKEN LOANS, LLC ($9,011), .

    The lowest rate Wheeling VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.38%), Mortgage Research Center, LLC (6.91%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wheeling (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 $125,000 (0.8%) $181,103 (15.8%) 0.46 337
    2018-02-01 $124,425 (2.6%) $180,391 (16.6%) 0.45 323
    2018-03-01 $130,000 (8.4%) $188,335 (22.0%) 0.46 327
    2018-04-01 $135,000 (8.0%) $198,839 (26.3%) 0.46 337
    2018-05-01 $137,450 (7.5%) $205,245 (26.3%) 0.46 330
    2018-06-01 $139,450 (8.1%) $204,242 (19.2%) 0.47 349
    2018-07-01 $134,950 (7.1%) $198,475 (18.1%) 0.45 379
    2018-08-01 $134,175 (7.1%) $205,483 (21.9%) 0.45 373
    2018-09-01 $129,999 (2.8%) $201,080 (14.1%) 0.44 367
    2018-10-01 $136,000 (7.8%) $196,472 (9.8%) 0.46 359
    2018-11-01 $139,925 (12.0%) $199,598 (12.3%) 0.47 346
    2018-12-01 $139,900 (11.9%) $196,283 (6.3%) 0.48 331
    2019-01-01 $144,375 (15.5%) $202,719 (11.9%) 0.50 302
    2019-02-01 $139,900 (12.4%) $197,366 (9.4%) 0.47 277
    2019-03-01 $133,514 (2.7%) $196,891 (4.5%) 0.44 262
    2019-04-01 $128,064 (-5.1%) $202,328 (1.8%) 0.41 266
    2019-05-01 $126,750 (-7.8%) $202,570 (-1.3%) 0.40 292
    2019-06-01 $129,900 (-6.9%) $194,191 (-4.9%) 0.41 316
    2019-07-01 $129,900 (-3.7%) $190,152 (-4.2%) 0.41 325
    2019-08-01 $124,895 (-6.9%) $183,985 (-10.5%) 0.40 353
    2019-09-01 $122,114 (-6.1%) $182,098 (-9.4%) 0.39 374
    2019-10-01 $120,259 (-11.6%) $179,067 (-8.9%) 0.39 392
    2019-11-01 $114,900 (-17.9%) $170,009 (-14.8%) 0.38 395
    2019-12-01 $111,525 (-20.3%) $163,773 (-16.6%) 0.37 376
    2020-01-01 $111,525 (-22.8%) $161,261 (-20.5%) 0.37 369
    2020-02-01 $114,900 (-17.9%) $166,208 (-15.8%) 0.38 346
    2020-03-01 $125,000 (-6.4%) $175,455 (-10.9%) 0.39 334
    2020-04-01 $129,450 (1.1%) $178,551 (-11.8%) 0.41 332
    2020-05-01 $137,850 (8.8%) $195,548 (-3.5%) 0.42 331
    2020-06-01 $139,700 (7.5%) $202,918 (4.5%) 0.41 325
    2020-07-01 $149,900 (15.4%) $206,632 (8.7%) 0.43 318
    2020-08-01 $129,900 (4.0%) $188,153 (2.3%) 0.37 308
    2020-09-01 $130,200 (6.6%) $189,124 (3.9%) 0.37 315
    2020-10-01 $134,250 (11.6%) $188,979 (5.5%) 0.38 323
    2020-11-01 $129,950 (13.1%) $190,041 (11.8%) 0.38 349
    2020-12-01 $127,675 (14.5%) $183,363 (12.0%) 0.38 328
    2021-01-01 $125,000 (12.1%) $177,032 (9.8%) 0.37 270
    2021-02-01 $127,000 (10.5%) $180,011 (8.3%) 0.37 247
    2021-03-01 $125,800 (0.6%) $177,903 (1.4%) 0.36 239
    2021-04-01 $125,825 (-2.8%) $174,799 (-2.1%) 0.34 222
    2021-05-01 $138,250 (0.3%) $179,419 (-8.3%) 0.37 244
    2021-06-01 $149,750 (7.2%) $203,783 (0.4%) 0.39 242
    2021-07-01 $149,450 (-0.3%) $206,563 (0.0%) 0.39 274
    2021-08-01 $149,925 (15.4%) $205,119 (9.0%) 0.40 272
    2021-09-01 $147,450 (13.3%) $199,691 (5.6%) 0.39 265
    2021-10-01 $157,200 (17.1%) $206,626 (9.3%) 0.42 263
    2021-11-01 $147,375 (13.4%) $201,211 (5.9%) 0.39 258
    2021-12-01 $145,000 (13.6%) $198,436 (8.2%) 0.39 258
    2022-01-01 $139,950 (12.0%) $204,015 (15.2%) 0.38 201
    2022-02-01 $134,675 (6.0%) $198,937 (10.5%) 0.35 186
    2022-03-01 $131,975 (4.9%) $200,862 (12.9%) 0.33 199
    2022-04-01 $152,500 (21.2%) $233,044 (33.3%) 0.36 179
    2022-05-01 $146,225 (5.8%) $225,937 (25.9%) 0.33 198
    2022-06-01 $154,500 (3.2%) $213,081 (4.6%) 0.34 225
    2022-07-01 $159,700 (6.9%) $219,607 (6.3%) 0.36 243
    2022-08-01 $164,975 (10.0%) $228,170 (11.2%) 0.38 260
    2022-09-01 $165,875 (12.5%) $230,518 (15.4%) 0.39 268
    2022-10-01 $157,950 (0.5%) $213,905 (3.5%) 0.37 271
    2022-11-01 $162,750 (10.4%) $212,909 (5.8%) 0.39 267
    2022-12-01 $159,750 (10.2%) $214,259 (8.0%) 0.39 235
    2023-01-01 $160,000 (14.3%) $197,028 (-3.4%) 0.40 211
    2023-02-01 $161,000 (19.6%) $212,395 (6.8%) 0.39 204
    2023-03-01 $157,475 (19.3%) $211,802 (5.5%) 0.37 193
    2023-04-01 $155,000 (1.6%) $215,563 (-7.5%) 0.36 214
    2023-05-01 $152,500 (4.3%) $212,212 (-6.1%) 0.35 212
    2023-06-01 $157,075 (1.7%) $227,603 (6.8%) 0.35 218
    2023-07-01 $159,000 (-0.4%) $218,352 (-0.6%) 0.36 226
    2023-08-01 $156,225 (-5.3%) $212,846 (-6.7%) 0.36 218
    2023-09-01 $160,000 (-3.5%) $226,307 (-1.8%) 0.37 221
    2023-10-01 $161,000 (1.9%) $222,114 (3.8%) 0.38 242
    2023-11-01 $159,500 (-2.0%) $217,707 (2.3%) 0.38 262
    2023-12-01 $159,000 (-0.5%) $224,810 (4.9%) 0.39 243
    2024-01-01 $149,500 (-6.6%) $216,059 (9.7%) 0.37 228
    2024-02-01 $149,000 (-7.5%) $218,122 (2.7%) 0.36 229
    2024-03-01 $160,000 (1.6%) $228,799 (8.0%) 0.38 247
    2024-04-01 $165,625 (6.9%) $226,368 (5.0%) 0.39 242
    2024-05-01 $171,975 (12.8%) $224,587 (5.8%) 0.39 235
    2024-06-01 $177,000 (12.7%) $225,004 (-1.1%) 0.40 268
    2024-07-01 $167,000 (5.0%) $217,057 (-0.6%) 0.38 271
    2024-08-01 $161,000 (3.1%) $207,380 (-2.6%) 0.37 304
    2024-09-01 $173,650 (8.5%) $198,731 (-12.2%) 0.41 327
    2024-10-01 $173,675 (7.9%) $197,942 (-10.9%) 0.41 354
    Wheeling's median listing price for 2024-10-01 was $173,675, a difference of $12,675 (7.9%) versus the prior year and $25 versus the prior month.

    Wheeling's median listing price comes in at 41% of the national average.

    Wheeling's average listing price for 2024-10-01 was $197,942, a difference of $-24,172 (-10.9%) versus the prior year and $-789 versus the prior month.

    For the 2024-10-01 period, Wheeling had 354 MLS listings, a difference of 27 listings (8%) versus the prior month and 112 listings (46%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wheeling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 114 days 1,487 sqft
    2018-02-01 118 days 1,510 sqft
    2018-03-01 102 days 1,520 sqft
    2018-04-01 67 days 1,510 sqft
    2018-05-01 63 days 1,529 sqft
    2018-06-01 69 days 1,554 sqft
    2018-07-01 68 days 1,612 sqft
    2018-08-01 71 days 1,682 sqft
    2018-09-01 75 days 1,700 sqft
    2018-10-01 79 days 1,724 sqft
    2018-11-01 81 days 1,729 sqft
    2018-12-01 86 days 1,727 sqft
    2019-01-01 105 days 1,731 sqft
    2019-02-01 107 days 1,730 sqft
    2019-03-01 84 days 1,733 sqft
    2019-04-01 61 days 1,729 sqft
    2019-05-01 55 days 1,539 sqft
    2019-06-01 59 days 1,591 sqft
    2019-07-01 65 days 1,669 sqft
    2019-08-01 70 days 1,638 sqft
    2019-09-01 68 days 1,608 sqft
    2019-10-01 67 days 1,584 sqft
    2019-11-01 75 days 1,611 sqft
    2019-12-01 84 days 1,572 sqft
    2020-01-01 94 days 1,558 sqft
    2020-02-01 110 days 1,549 sqft
    2020-03-01 98 days 1,604 sqft
    2020-04-01 93 days 1,608 sqft
    2020-05-01 81 days 1,610 sqft
    2020-06-01 84 days 1,652 sqft
    2020-07-01 73 days 1,732 sqft
    2020-08-01 61 days 1,700 sqft
    2020-09-01 60 days 1,678 sqft
    2020-10-01 60 days 1,692 sqft
    2020-11-01 58 days 1,673 sqft
    2020-12-01 71 days 1,634 sqft
    2021-01-01 88 days 1,618 sqft
    2021-02-01 102 days 1,663 sqft
    2021-03-01 81 days 1,667 sqft
    2021-04-01 61 days 1,707 sqft
    2021-05-01 52 days 1,715 sqft
    2021-06-01 51 days 1,714 sqft
    2021-07-01 52 days 1,659 sqft
    2021-08-01 53 days 1,645 sqft
    2021-09-01 59 days 1,588 sqft
    2021-10-01 60 days 1,582 sqft
    2021-11-01 60 days 1,555 sqft
    2021-12-01 64 days 1,553 sqft
    2022-01-01 82 days 1,551 sqft
    2022-02-01 94 days 1,556 sqft
    2022-03-01 74 days 1,594 sqft
    2022-04-01 53 days 1,665 sqft
    2022-05-01 52 days 1,636 sqft
    2022-06-01 47 days 1,712 sqft
    2022-07-01 54 days 1,725 sqft
    2022-08-01 57 days 1,682 sqft
    2022-09-01 54 days 1,700 sqft
    2022-10-01 61 days 1,672 sqft
    2022-11-01 68 days 1,600 sqft
    2022-12-01 82 days 1,589 sqft
    2023-01-01 79 days 1,526 sqft
    2023-02-01 85 days 1,568 sqft
    2023-03-01 56 days 1,574 sqft
    2023-04-01 47 days 1,600 sqft
    2023-05-01 55 days 1,580 sqft
    2023-06-01 56 days 1,644 sqft
    2023-07-01 50 days 1,528 sqft
    2023-08-01 62 days 1,525 sqft
    2023-09-01 53 days 1,595 sqft
    2023-10-01 50 days 1,616 sqft
    2023-11-01 57 days 1,591 sqft
    2023-12-01 68 days 1,588 sqft
    2024-01-01 79 days 1,546 sqft
    2024-02-01 72 days 1,552 sqft
    2024-03-01 52 days 1,599 sqft
    2024-04-01 57 days 1,628 sqft
    2024-05-01 60 days 1,628 sqft
    2024-06-01 54 days 1,631 sqft
    2024-07-01 55 days 1,613 sqft
    2024-08-01 54 days 1,590 sqft
    2024-09-01 53 days 1,577 sqft
    2024-10-01 61 days 1,603 sqft
    Wheeling's median listing age (time on market) for 2024-10-01 was 61 days. This is 22% longer than the same period one year ago.

    Wheeling's median square footage for active listings during the 2024-10-01 period was 1,603 sqft. One year prior, the average listing was 1,616 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.