Bluefield Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Bluefield averaged 6.78% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

    The average rate for the prior week (2024-07-11) was 7% and one month ago for the week of 2024-06-13, the average rate was 7.26%.

    Bluefield's average rate one year ago was 6.87%.

    For refis of the same type during the week of 2024-07-18, the average rate was 7.17%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-07-18 6.77%
    Bluefield 30 Year Fixed Rate 2024-07-18 6.78%
    Bluefield 30 Year Fixed Rate Refi 2024-07-18 7.17%
    Bluefield 15 Year Fixed Rate 2024-07-18 5.95%
    Bluefield 15 Year Fixed Rate Refi 2024-07-18 5.95%
    Bluefield 30 Year FHA 2024-07-18 6.53%
    Bluefield 30 Year FHA Refi 2024-07-18 6.79%
    Bluefield 30 Year USDA 2024-07-18 6.77%
    Bluefield 30 Year USDA Refi 2024-07-18 6.83%
    Bluefield 30 Year VA 2024-07-18 6.61%
    Bluefield 30 Year VA Refi 2024-07-18 6.5%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bluefield, WV-VA.

    Bluefield Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Bluefield, WV-VA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Atlantic Union Bank 61 6.69% $4,649
    First Community Bank 36 7.33% $3,460
    QUICKEN LOANS, LLC 30 6.98% $5,713
    Summit Community Bank, Inc. 23 6.85% $3,300
    MOVEMENT MORTGAGE, LLC 19 6.91% $5,978
    PRIMELENDING, A PLAINSCAPITAL COMPANY 14 6.98% $7,115
    City National Bank of West Virginia 12 6.11% $2,312
    Truist 11 6.77% $4,421
    First Reliance Bank 10 6.78% $4,086
    Alcova Mortgage LLC 9 6.80% $3,702
    Wells Fargo Bank 7 7.07% $6,259
    New Peoples Bank, Inc. 5 6.95% $2,534
    EASTMAN 4 7.09% $3,067
    21ST MORTGAGE CORPORATION 4 8.29% $5,612
    USAA Federal Savings Bank 3 6.67% $4,613
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 7.33% $5,862
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.00% $6,958
    ZILLOW HOME LOANS, LLC 2 7.06% $5,154
    BROKER SOLUTIONS, INC. 2 7.38% $5,278
    FIRST BANCORP 2 7.38% $4,466
    GUARANTEED RATE, INC. 2 6.89% $4,638
    JPMorgan Chase Bank 2 7.68% $2,112
    LOANDEPOT.COM, LLC 2 6.16% $4,374
    PNC Bank 2 6.63% $4,890
    Renasant Bank 2 6.69% $3,840
    Sierra Pacific Mortgage Company, Inc. 2 6.69% $5,825
    UNITED WHOLESALE MORTGAGE, LLC 2 7.59% $3,135
    Virginia Credit Union, Inc. 2 5.88% $3,934
    HOMESTEAD FUNDING CORP. 1 5.88% $4,039
    Independence Bank of Kentucky 1 6.50% $6,630
    AMERICAN FINANCING CORPORATION 1 7.13% $2,616
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $4,968
    LOANPAL, LLC 1 5.50% $775
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.75% $3,357
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $5,560
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $4,874
    NAVY FEDERAL CREDIT UNION 1 6.88% $3,642
    CHEVRON 1 5.88% $0
    Northwest Federal Credit Union 1 7.13% $3,259
    PENTAGON FEDERAL CREDIT UNION 1 7.88% $3,679
    Peoples Bank 1 7.00% $6,451
    AMERISAVE MORTGAGE CORPORATION 1 6.38% $5,804
    Celco Community Federal Credit Union 1 5.25% $1,986
    CARDINAL FINANCIAL 1 7.88% $5,197
    Regions Bank 1 6.63% $6,490
    Victorian Finance, LLC 1 6.25% $4,055
    ROYAL UNITED MORTGAGE LLC 1 7.50% $4,440
    AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $7,508
    STATE EMPLOYEES' 1 6.25% $4,730
    BMO Harris Bank 1 6.25% $4,262
    The Federal Savings Bank 1 7.00% $14,307
    Farm Credit of the Virginias, ACA 1 9.13% $3,769
    Fifth Third Bank 1 6.38% $4,302
    The Huntington National Bank 1 7.10% $4,157
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $5,016
    First National Bank of Omaha 1 8.00% $3,506
    EQUITY RESOURCES, INC. 1 6.75% $4,919
    FREEDOM FIRST 1 6.13% $2,909
    Blue Ridge Bank 1 8.63% $4,809
    GUILD MORTGAGE COMPANY 1 8.13% $4,034

    Bluefield Average Closing Costs & Other Stats

    Bluefield, WV-VA's 60 lenders originated 1,074 loans during 2023. The total origination value was $159,600,000, with an average loan value of $148,603.

    Bluefield's average closing costs are $4,720.

    The top Bluefield lender as defined by loan originations is Atlantic Union Bank, with 61 loans originated. Their average total fees are $4,649, which is $1,188 higher than the next largest lender, First Community Bank.

    The lowest fee Bluefield lenders (with over 10 loans originated) are City National Bank of West Virginia ($2,312), Summit Community Bank, Inc. ($3,300), First Community Bank ($3,460), First Reliance Bank ($4,086) and Truist ($4,421).

    The lowest rate Bluefield lenders (with over 10 loans originated) are City National Bank of West Virginia (6.11%), Atlantic Union Bank (6.69%), Truist (6.77%), First Reliance Bank (6.78%) and Summit Community Bank, Inc. (6.85%).

    Bluefield, WV-VA Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Atlantic Union Bank $27,875,000 $28,120,000 0.9% 17.6%
    MOVEMENT MORTGAGE, LLC $11,955,000 $11,845,000 -0.9% 7.4%
    QUICKEN LOANS, LLC $16,100,000 $11,420,000 -29.1% 7.2%
    First Community Bank $35,520,000 $10,100,000 -71.6% 6.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $12,685,000 $6,875,000 -45.8% 4.3%
    Summit Community Bank, Inc. $7,425,000 $6,725,000 -9.4% 4.2%
    MCNB Bank and Trust Co. $5,070,000 $5,505,000 8.6% 3.4%
    New Peoples Bank, Inc. $6,365,000 $4,845,000 -23.9% 3.0%
    Truist $7,485,000 $4,680,000 -37.5% 2.9%
    City National Bank of West Virginia $3,715,000 $4,180,000 12.5% 2.6%
    Mortgage Research Center, LLC $4,780,000 $3,925,000 -17.9% 2.5%
    Alcova Mortgage LLC $2,745,000 $3,280,000 19.5% 2.1%
    NATIONAL BANKSHARES, INC. $3,155,000 $2,690,000 -14.7% 1.7%
    CARDINAL FINANCIAL $2,660,000 $2,625,000 -1.3% 1.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $2,215,000 $2,405,000 8.6% 1.5%
    21ST MORTGAGE CORPORATION $1,370,000 $2,215,000 61.7% 1.4%
    EASTMAN $625,000 $1,695,000 171.2% 1.1%
    Sierra Pacific Mortgage Company, Inc. $155,000 $1,690,000 990.3% 1.1%
    USAA Federal Savings Bank $610,000 $1,625,000 166.4% 1.0%
    First Reliance Bank $365,000 $1,540,000 321.9% 1.0%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $3,450,000 $1,360,000 -60.6% 0.9%
    The Federal Savings Bank $155,000 $1,315,000 748.4% 0.8%
    Renasant Bank $2,315,000 $1,310,000 -43.4% 0.8%
    BROKER SOLUTIONS, INC. $735,000 $1,305,000 77.6% 0.8%
    Wells Fargo Bank $4,035,000 $1,215,000 -69.9% 0.8%
    LegacyBank $1,145,000 n/a 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $420,000 $970,000 131.0% 0.6%
    AMERISAVE MORTGAGE CORPORATION $1,940,000 $875,000 -54.9% 0.5%
    SOUTHWEST STAGE FUNDING, LLC $245,000 $870,000 255.1% 0.5%
    LOANDEPOT.COM, LLC $1,075,000 $805,000 -25.1% 0.5%
    FREEDOM MORTGAGE CORPORATION $1,125,000 $765,000 -32.0% 0.5%
    Celco Community Federal Credit Union $690,000 $750,000 8.7% 0.5%
    Blue Ridge Bank $1,540,000 $605,000 -60.7% 0.4%
    PENNYMAC LOAN SERVICES, LLC $1,270,000 $575,000 -54.7% 0.4%
    PNC Bank $85,000 $540,000 535.3% 0.3%
    JPMorgan Chase Bank $395,000 $530,000 34.2% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,045,000 $510,000 -51.2% 0.3%
    Skyline National Bank $580,000 $470,000 -19.0% 0.3%
    Virginia Credit Union, Inc. $335,000 $470,000 40.3% 0.3%
    UNION HOME MORTGAGE CORP. $615,000 $465,000 -24.4% 0.3%
    FIRST BANCORP $1,675,000 $455,000 -72.8% 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $445,000 n/a 0.3%
    BMO Harris Bank $445,000 n/a 0.3%
    Waterstone Mortgage Corporation $575,000 $440,000 -23.5% 0.3%
    GUARANTEED RATE, INC. $255,000 $435,000 70.6% 0.3%
    ZILLOW HOME LOANS, LLC $125,000 $425,000 240.0% 0.3%
    Pendleton Community Bank, Inc. $135,000 $400,000 196.3% 0.3%
    U.S. Bank $295,000 $355,000 20.3% 0.2%
    The Bank of Marion $1,180,000 $350,000 -70.3% 0.2%
    Peoples Bank $345,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $310,000 $320,000 3.2% 0.2%
    Farm Credit of the Virginias, ACA $1,405,000 $305,000 -78.3% 0.2%
    Northwest Federal Credit Union $305,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $125,000 $300,000 140.0% 0.2%
    Discover Bank $140,000 $300,000 114.3% 0.2%
    The Huntington National Bank $375,000 $290,000 -22.7% 0.2%
    Truliant Federal Credit Union $440,000 $290,000 -34.1% 0.2%
    STATE EMPLOYEES' $255,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $250,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $1,855,000 $245,000 -86.8% 0.2%
    HOMESTEAD FUNDING CORP. $235,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $225,000 n/a 0.1%
    University Bank $225,000 n/a 0.1%
    First Heritage Mortgage, LLC $210,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $205,000 n/a 0.1%
    Victorian Finance, LLC $200,000 n/a 0.1%
    PLANET HOME LENDING, LLC $195,000 n/a 0.1%
    UNIFY FINANCIAL Credit Union $195,000 n/a 0.1%
    Bank of America $190,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $175,000 n/a 0.1%
    The Grant County Bank $175,000 n/a 0.1%
    Carrington Mortgage Services, LLC $435,000 $170,000 -60.9% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $415,000 $170,000 -59.0% 0.1%
    Lee Bank and Trust Company $170,000 n/a 0.1%
    CHEVRON $165,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $165,000 n/a 0.1%
    Independence Bank of Kentucky $165,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $150,000 $160,000 6.7% 0.1%
    HOMESPIRE MORTGAGE CORPORATION $155,000 n/a 0.1%
    LOANPAL, LLC $175,000 $155,000 -11.4% 0.1%
    NEW DAY FINANCIAL, LLC $75,000 $155,000 106.7% 0.1%
    EMM LOANS LLC $135,000 $145,000 7.4% 0.1%
    First National Bank of Omaha $145,000 n/a 0.1%
    Regions Bank $145,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $140,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $480,000 $135,000 -71.9% 0.1%
    LIMA ONE CAPITAL, LLC $125,000 n/a 0.1%
    The First National Bank of Peterstown $360,000 $125,000 -65.3% 0.1%
    C & F Mortgage Corporation $145,000 $115,000 -20.7% 0.1%
    CHURCHILL MORTGAGE CORPORATION $575,000 $115,000 -80.0% 0.1%
    Gateway First Bank $260,000 $115,000 -55.8% 0.1%
    Prosperity Home Mortgage, LLC $165,000 $105,000 -36.4% 0.1%
    Third Federal Savings and Loan Association of Cleveland $95,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $580,000 $75,000 -87.1% 0.0%
    Citizens Bank $765,000 $75,000 -90.2% 0.0%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $75,000 n/a 0.0%
    MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $75,000 -28.6% 0.0%
    Powell Valley National Bank $75,000 n/a 0.0%
    EQUITY RESOURCES, INC. $65,000 n/a 0.0%
    Fifth Third Bank $65,000 n/a 0.0%
    First National Bank of America $65,000 n/a 0.0%
    JUSTICE Federal Credit Union $65,000 n/a 0.0%
    M&T Bank $95,000 $60,000 -36.8% 0.0%
    ASHLAND Credit Union $45,000 n/a 0.0%
    FREEDOM FIRST $1,220,000 $45,000 -96.3% 0.0%
    TruPoint Bank $35,000 n/a 0.0%
    CHERRY CREEK MORTGAGE, LLC $25,000 n/a 0.0%
    BLUE EAGLE CREDIT UNION $15,000 n/a 0.0%

    Bluefield's top lender by overall market share is Atlantic Union Bank, with 17.6% market share. In second place, with 7.4%, is MOVEMENT MORTGAGE, LLC, having originated $11,845,000 in loans. In third place, with 7.2%, is QUICKEN LOANS, LLC, having originated $11,420,000 in loans. In fourth place, with 6.3%, is First Community Bank, having originated $10,100,000 in loans. In fifth place, with 4.3%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $6,875,000 in loans.

    Bluefield, WV-VA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 732 $124,170,000 $169,631
    Cash Out Refi 111 $15,725,000 $141,667
    Refi 90 $9,740,000 $108,222
    Other 84 $6,430,000 $76,548
    Home Improvement 56 $3,490,000 $62,321
    NA 1 $45,000 $45,000

    Bluefield's most frequently cited loan purpose was Home Purchase, with 732 originations. The 2nd most popular reason was Cash Out Refi, with 111 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 426 $66,560,000 $156,244
    7-8% 295 $42,585,000 $144,356
    Over 8% 131 $10,255,000 $78,282
    5-6% 113 $18,525,000 $163,938
    4-5% 4 $600,000 $150,000
    2.5-3% 2 $420,000 $210,000

    During 2023, Bluefield's most frequently originated rate bucket was 6-7%, with 426 originations.

    Loan Sizing (Bluefield, WV-VA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 465 $65,345,000 $140,527
    $100,000 or less 412 $25,310,000 $61,432
    $200k-400k 169 $44,595,000 $263,876
    $400k-600k 19 $8,605,000 $452,895
    $600k-1000k 6 $4,750,000 $791,667
    $Over $1MM 3 $10,995,000 $3,665,000

    Bluefield's loan sizing saw the bucket of loans from $100k-200k with 465 originations, totaling $65,345,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 595 $98,705,000 $165,891
    60-80% 173 $22,365,000 $129,277
    40-60% 79 $8,435,000 $106,772
    20-40% 71 $5,085,000 $71,620
    Under 20% 41 $1,555,000 $37,927
    Over 100% 11 $2,595,000 $235,909

    Bluefield's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 595 originations, totaling $98,705,000 in origination value.