CHARLESTON Mortgage Rates

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

30 Year Fixed Rate mortgages in Charleston averaged 5.78% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.75% and one month ago for the week of 2022-04-07, the average rate was 5.2%.

Charleston's average rate one year ago was 3.19%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.58%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Charleston 30 Year Fixed Rate 2022-05-12 5.78%
Charleston 30 Year Fixed Rate Refi 2022-05-12 5.58%
Charleston 15 Year Fixed Rate 2022-05-12 5.21%
Charleston 15 Year Fixed Rate Refi 2022-05-12 4.84%
Charleston 30 Year FHA 2022-05-12 5.45%
Charleston 30 Year FHA Refi 2022-05-12 5.47%
Charleston 30 Year USDA 2022-05-12 5.51%
Charleston 30 Year USDA Refi 2022-05-12 5.08%
Charleston 30 Year VA 2022-05-12 5.55%
Charleston 30 Year VA Refi 2022-05-12 5.45%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within CHARLESTON, WV.

CHARLESTON Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the CHARLESTON, WV 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 208 3.18% $4,879
City National Bank of West Virginia 188 3.41% $1,246
PRIMELENDING, A PLAINSCAPITAL COMPANY 164 3.29% $3,529
Victorian Finance, LLC 156 2.89% $3,124
Gateway First Bank 155 3.23% $3,047
JPMorgan Chase Bank 86 3.13% $2,877
Truist Bank 83 3.11% $3,272
LOANDEPOT.COM, LLC 79 3.26% $3,764
The Huntington National Bank 72 3.15% $3,587
United Bank 58 3.05% $3,347
WesBanco Bank, Inc. 45 3.16% $3,430
Summit Community Bank, Inc. 43 3.28% $3,208
MOVEMENT MORTGAGE, LLC 37 3.40% $3,549
Fifth Third Bank 34 3.08% $3,709
AMERISAVE MORTGAGE CORPORATION 28 3.00% $3,541
Wells Fargo Bank 28 3.15% $3,310
CROSSCOUNTRY MORTGAGE, LLC 22 3.24% $5,225
BROKER SOLUTIONS, INC. 16 3.35% $4,106
UNION HOME MORTGAGE CORP. 14 3.42% $2,399
Ally Bank 12 2.95% $3,982
BETTER MORTGAGE CORPORATION 12 3.05% $3,305
HOMESPIRE MORTGAGE CORPORATION 12 3.22% $5,062
FREEDOM MORTGAGE CORPORATION 11 3.25% $1,813
INTERCOASTAL MORTGAGE COMPANY 9 3.01% $2,857
STAR USA FEDERAL CREDIT UNION 9 3.01% $2,475
Peoples Bank 8 3.42% $2,994
CALIBER HOME LOANS, INC. 8 3.26% $3,875
Farm Credit of the Virginias, ACA 7 4.22% $3,344
Bank of America 7 2.86% $3,885
Renasant Bank 7 2.87% $3,133
First Guaranty Mortgage Corporation 6 3.04% $2,790
PNC Bank 6 3.06% $3,572
Nations Lending Corporation 6 3.08% $6,911
NAVY FEDERAL CREDIT UNION 6 3.35% $3,733
The Ohio Valley Bank Company 5 3.53% $2,608
Clear Mountain Bank 4 2.78% $3,450
U.S. Bank 4 3.25% $2,893
AMERICAN FINANCING CORPORATION 4 3.25% $3,404
ROYAL UNITED MORTGAGE LLC 4 3.34% $7,245
Wyndham Capital Mortgage, Inc. 4 3.16% $2,183
First Federal Bank of the Midwest 4 3.03% $3,546
MYCUMORTGAGE, LLC 4 3.28% $4,153
PENTAGON FEDERAL CREDIT UNION 4 3.03% $2,295
HOME POINT FINANCIAL CORPORATION 4 2.84% $4,106
Community Trust Bank, Inc. 4 3.00% $2,470
UNITED WHOLESALE MORTGAGE, LLC 3 2.99% $3,769
NEWREZ LLC 3 2.92% $3,630
CHURCHILL MORTGAGE CORPORATION 3 3.16% $3,980
VANDERBILT MORTGAGE AND FINANCE, INC. 3 4.88% $5,499
SIWELL, INC. 3 3.00% $4,765
LIBERTY HOME MORTGAGE CORPORATION 3 3.33% $5,548
Mr. Cooper ( Nationstar Mortgage ) 3 3.08% $5,229
AgFirst Farm Credit Bank 2 2.94% $4,833
Bank of England 2 3.25% $4,146
BNC National Bank 2 3.31% $4,094
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.93% $5,443
Chicago Mortgage Solutions LLC 2 3.50% $2,046
Citizens Bank 2 2.94% $3,221
DAS Acquisition Company, LLC 2 2.94% $2,937
First Community Bank 2 3.13% $4,995
First Federal Bank 2 3.44% $5,487
Flagstar Bank, FSB 2 3.56% $4,219
GUARANTEED RATE, INC. 2 2.99% $2,132
Plains Commerce Bank 2 3.31% $3,523
PLANET HOME LENDING, LLC 2 3.06% $1,237
MORIA DEVELOPMENT, INC. 1 3.50% $3,912
Northpointe Bank 1 2.88% $8,318
PENNYMAC LOAN SERVICES, LLC 1 3.38% $4,997
Meridian Bank Corporation 1 3.50% $3,226
Hometown Lenders, Inc. 1 3.63% $3,614
PHH Mortgage Corporation 1 4.50% $5,664
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.13% $4,031
Alcova Mortgage LLC 1 3.25% $998
GUARANTEED RATE AFFINITY, LLC 1 2.99% $0
First National Bank of Pennsylvania 1 2.38% $4,881
First Internet Bank of Indiana 1 2.99% $4,955
First Federal Savings and Loan Association of Lakewood 1 2.88% $3,529
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $637
FirstBank 1 3.13% $3,279
SIRVA MORTGAGE, INC. 1 2.75% $2,431
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $3,896
Evolve Bank & Trust 1 2.75% $2,300
STEARNS LENDING, LLC 1 2.75% $3,483
Stifel Bank and Trust 1 3.25% $2,671
EMBRACE HOME LOANS, INC. 1 3.25% $5,694
SWBC MORTGAGE CORPORATION 1 2.75% $1,693
TCF National Bank 1 3.38% $4,280
Dollar Bank, Federal Savings Bank 1 2.88% $5,753
Discover Bank 1 3.99% $0
TIAA, FSB 1 2.99% $5,963
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 3.25% $3,725
Colonial Savings, F.A. 1 3.25% $5,587
CNB Bank Inc. 1 4.00% $2,433
CBM Mortgage, Inc. 1 3.25% $3,540
USAA Federal Savings Bank 1 3.25% $2,590
Carrington Mortgage Services, LLC 1 3.50% $5,578
Uwharrie Bank 1 3.75% $1,855
CALCON MUTUAL MORTGAGE LLC 1 3.25% $5,855
Bank of Tennessee 1 3.50% $14,228
Ameris Bank 1 3.00% $3,266
Mortgage Research Center, LLC 1 2.88% $395
NBKC BANK 1 3.00% $2,795

CHARLESTON, WV's 102 lenders originated 5,667 loans during 2021. The total origination value was $869,175,000, with an average loan value of $153,375.

The top CHARLESTON lender as defined by loan originations is QUICKEN LOANS, LLC, with 208 loans originated. Their average total fees are $4,879, which is $3,633 higher than the next largest lender, City National Bank of West Virginia.

The lowest fee CHARLESTON lenders (with over 10 loans originated) are City National Bank of West Virginia ($1,246), FREEDOM MORTGAGE CORPORATION ($1,813), UNION HOME MORTGAGE CORP. ($2,399), JPMorgan Chase Bank ($2,877) and Gateway First Bank ($3,047).

The lowest rate CHARLESTON lenders (with over 10 loans originated) are Victorian Finance, LLC (2.89%), Ally Bank (2.95%), AMERISAVE MORTGAGE CORPORATION (3.00%), BETTER MORTGAGE CORPORATION (3.05%) and United Bank (3.05%).

CHARLESTON, WV Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $70,280,000 $88,065,000 25.3% 10.1%
Gateway First Bank $62,325,000 $65,090,000 4.4% 7.5%
Victorian Finance, LLC $53,225,000 $60,605,000 13.9% 7.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $38,350,000 $54,370,000 41.8% 6.3%
City National Bank of West Virginia $60,740,000 $51,390,000 -15.4% 5.9%
The Huntington National Bank $30,610,000 $42,975,000 40.4% 4.9%
LOANDEPOT.COM, LLC $37,365,000 $41,285,000 10.5% 4.7%
The Poca Valley Bank, Inc. $32,185,000 $32,900,000 2.2% 3.8%
Summit Community Bank, Inc. $25,195,000 $31,545,000 25.2% 3.6%
Truist Bank $36,980,000 $31,230,000 -15.5% 3.6%
JPMorgan Chase Bank $21,675,000 $23,525,000 8.5% 2.7%
United Bank $31,410,000 $22,530,000 -28.3% 2.6%
FREEDOM MORTGAGE CORPORATION $22,645,000 $22,145,000 -2.2% 2.5%
WesBanco Bank, Inc. $44,865,000 $18,575,000 -58.6% 2.1%
MOVEMENT MORTGAGE, LLC $18,635,000 $17,715,000 -4.9% 2.0%
Fifth Third Bank $11,315,000 $17,485,000 54.5% 2.0%
Mortgage Research Center, LLC $14,000,000 $16,365,000 16.9% 1.9%
CROSSCOUNTRY MORTGAGE, LLC $18,435,000 $15,740,000 -14.6% 1.8%
AMERISAVE MORTGAGE CORPORATION $6,640,000 $10,385,000 56.4% 1.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $7,455,000 $9,640,000 29.3% 1.1%
Wells Fargo Bank $4,135,000 $9,245,000 123.6% 1.1%
Putnam County Bank $4,270,000 $8,450,000 97.9% 1.0%
Clay County Bank, Inc. $5,450,000 $6,125,000 12.4% 0.7%
HOMESPIRE MORTGAGE CORPORATION $240,000 $5,885,000 2,352.1% 0.7%
Logan Bank & Trust Company $3,895,000 $5,635,000 44.7% 0.6%
Premier Bank, Inc. $5,755,000 $5,585,000 -3.0% 0.6%
BETTER MORTGAGE CORPORATION $3,385,000 $5,355,000 58.2% 0.6%
Northwest Bank $5,075,000 n/a 0.6%
UNION HOME MORTGAGE CORP. $5,965,000 $4,895,000 -17.9% 0.6%
NAVY FEDERAL CREDIT UNION $2,485,000 $4,810,000 93.6% 0.6%
PENNYMAC LOAN SERVICES, LLC $875,000 $4,690,000 436.0% 0.5%
LAKEVIEW LOAN SERVICING, LLC $3,115,000 $4,650,000 49.3% 0.5%
STAR USA FEDERAL CREDIT UNION $5,600,000 $4,620,000 -17.5% 0.5%
Bank of America $965,000 $4,060,000 320.7% 0.5%
Ally Bank $1,055,000 $4,055,000 284.4% 0.5%
BROKER SOLUTIONS, INC. $2,155,000 $3,780,000 75.4% 0.4%
USAA Federal Savings Bank $5,800,000 $3,690,000 -36.4% 0.4%
CALIBER HOME LOANS, INC. $1,900,000 $3,630,000 91.1% 0.4%
Renasant Bank $795,000 $3,545,000 345.9% 0.4%
Carrington Mortgage Services, LLC $3,020,000 $3,365,000 11.4% 0.4%
INTERCOASTAL MORTGAGE COMPANY $1,645,000 $3,055,000 85.7% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $2,445,000 $2,955,000 20.9% 0.3%
PENTAGON FEDERAL CREDIT UNION $580,000 $2,655,000 357.8% 0.3%
First Federal Bank of the Midwest $3,035,000 $2,555,000 -15.8% 0.3%
Peoples Bank $3,920,000 $2,515,000 -35.8% 0.3%
U.S. Bank $1,415,000 $2,515,000 77.7% 0.3%
NEWREZ LLC $790,000 $2,430,000 207.6% 0.3%
LIBERTY HOME MORTGAGE CORPORATION $2,105,000 $2,410,000 14.5% 0.3%
PLANET HOME LENDING, LLC $2,015,000 $2,310,000 14.6% 0.3%
The Ohio Valley Bank Company $1,560,000 $2,270,000 45.5% 0.3%
The Farmers Bank & Savings Company $1,470,000 $2,220,000 51.0% 0.3%
AMERICAN FINANCING CORPORATION $2,080,000 n/a 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $2,135,000 $2,055,000 -3.7% 0.2%
Barrington Bank & Trust Company, N.A. $2,320,000 $2,030,000 -12.5% 0.2%
First Community Bank $555,000 $2,015,000 263.1% 0.2%
HOME POINT FINANCIAL CORPORATION $1,165,000 $1,950,000 67.4% 0.2%
CHURCHILL MORTGAGE CORPORATION $1,080,000 $1,910,000 76.9% 0.2%
Wyndham Capital Mortgage, Inc. $750,000 $1,900,000 153.3% 0.2%
Citizens Bank $2,200,000 $1,785,000 -18.9% 0.2%
First Guaranty Mortgage Corporation $1,060,000 $1,785,000 68.4% 0.2%
PNC Bank $750,000 $1,605,000 114.0% 0.2%
Nations Lending Corporation $1,390,000 $1,535,000 10.4% 0.2%
Clear Mountain Bank $785,000 $1,445,000 84.1% 0.2%
SIWELL, INC. $2,365,000 $1,350,000 -42.9% 0.2%
CALCON MUTUAL MORTGAGE LLC $145,000 $1,215,000 737.9% 0.1%
Community Trust Bank, Inc. $2,505,000 $1,135,000 -54.7% 0.1%
Farm Credit of the Virginias, ACA $3,005,000 $1,055,000 -64.9% 0.1%
MYCUMORTGAGE, LLC $770,000 $1,050,000 36.4% 0.1%
TCF National Bank $1,050,000 n/a 0.1%
UNITED WHOLESALE MORTGAGE, LLC $720,000 $1,040,000 44.4% 0.1%
Bank of England $495,000 $995,000 101.0% 0.1%
Huntington Federal Savings Bank $135,000 $975,000 622.2% 0.1%
Bank of Tennessee $905,000 n/a 0.1%
Community Bank of Parkersburg $880,000 n/a 0.1%
First Internet Bank of Indiana $380,000 $880,000 131.6% 0.1%
First National Bank of Pennsylvania $175,000 $880,000 402.9% 0.1%
Flagstar Bank, FSB $410,000 $865,000 111.0% 0.1%
First Federal Bank $350,000 $855,000 144.3% 0.1%
GUARANTEED RATE, INC. $270,000 $800,000 196.3% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $815,000 $780,000 -4.3% 0.1%
POLARIS HOME FUNDING CORP. $1,190,000 $770,000 -35.3% 0.1%
Hometown Lenders, Inc. $1,490,000 $760,000 -49.0% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $340,000 $745,000 119.1% 0.1%
ROYAL UNITED MORTGAGE LLC $740,000 n/a 0.1%
PREMIA MORTGAGE, LLC $735,000 n/a 0.1%
The Federal Savings Bank $2,245,000 $725,000 -67.7% 0.1%
Chicago Mortgage Solutions LLC $675,000 n/a 0.1%
NBKC BANK $395,000 $640,000 62.0% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $625,000 n/a 0.1%
21ST MORTGAGE CORPORATION $1,255,000 $620,000 -50.6% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $520,000 $580,000 11.5% 0.1%
TIAA, FSB $260,000 $570,000 119.2% 0.1%
AgFirst Farm Credit Bank $930,000 $565,000 -39.2% 0.1%
Equity Prime Mortgage LLC $555,000 n/a 0.1%
Bank of Whittier $545,000 n/a 0.1%
DAS Acquisition Company, LLC $175,000 $545,000 211.4% 0.1%
Manufacturers and Traders Trust Company $535,000 n/a 0.1%
Discover Bank $365,000 $520,000 42.5% 0.1%
MCNB Bank and Trust Co. $1,715,000 $480,000 -72.0% 0.1%
CONTOUR MORTGAGE CORPORATION $460,000 n/a 0.1%
BNC National Bank $135,000 $430,000 218.5% 0.0%
Stifel Bank and Trust $430,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $420,000 n/a 0.0%
LENDERFI, INC. $405,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $155,000 $400,000 158.1% 0.0%
Alcova Mortgage LLC $345,000 $390,000 13.0% 0.0%
CITIZENS EQUITY FIRST $385,000 n/a 0.0%
RCB Bank $385,000 n/a 0.0%
WEST VIRGINIA CENTRAL FEDERAL CREDIT UNION $625,000 $375,000 -40.0% 0.0%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $410,000 $365,000 -11.0% 0.0%
Blue Ridge Bank $205,000 $365,000 78.0% 0.0%
SIRVA MORTGAGE, INC. $930,000 $345,000 -62.9% 0.0%
First Federal Savings and Loan Association of Lakewood $335,000 n/a 0.0%
Colonial Savings, F.A. $290,000 $300,000 3.4% 0.0%
ALLEGACY FEDERAL CREDIT UNION $215,000 $295,000 37.2% 0.0%
CRESCENT MORTGAGE COMPANY $1,275,000 $295,000 -76.9% 0.0%
GUARANTEED RATE AFFINITY, LLC $125,000 $295,000 136.0% 0.0%
SOUTHWEST STAGE FUNDING, LLC $685,000 $295,000 -56.9% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $115,000 $290,000 152.2% 0.0%
EMBRACE HOME LOANS, INC. $165,000 $290,000 75.8% 0.0%
PHH Mortgage Corporation $400,000 $290,000 -27.5% 0.0%
Dollar Bank, Federal Savings Bank $275,000 n/a 0.0%
Plains Commerce Bank $155,000 $270,000 74.2% 0.0%
Citibank $240,000 $260,000 8.3% 0.0%
FirstBank $340,000 $245,000 -27.9% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $235,000 n/a 0.0%
Northpointe Bank $625,000 $235,000 -62.4% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $230,000 n/a 0.0%
GENEVA FINANCIAL, LLC $230,000 n/a 0.0%
Low VA Rates, LLC $545,000 $220,000 -59.6% 0.0%
First United Corporation $215,000 n/a 0.0%
Meridian Bank Corporation $215,000 n/a 0.0%
Magnolia Bank $225,000 $205,000 -8.9% 0.0%
STOCKTON MORTGAGE CORPORATION $175,000 $200,000 14.3% 0.0%
AMERICAN ADVISORS GROUP $705,000 $195,000 -72.3% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $195,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $195,000 n/a 0.0%
STEARNS LENDING, LLC $195,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $185,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $995,000 $175,000 -82.4% 0.0%
Goldwater Bank, N.A. $320,000 $165,000 -48.4% 0.0%
Integrity Home Mortgage Corp $165,000 n/a 0.0%
MORTGAGE ACCESS CORP. $165,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $105,000 $150,000 42.9% 0.0%
BP Federal Credit Union $145,000 n/a 0.0%
First Federal Bank, A FSB $145,000 n/a 0.0%
Northwest Federal Credit Union $145,000 n/a 0.0%
CBM Mortgage, Inc. $135,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $135,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $135,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $115,000 $135,000 17.4% 0.0%
HOMESTEAD FUNDING CORP. $125,000 n/a 0.0%
Ameris Bank $115,000 n/a 0.0%
ARC HOME LLC $115,000 n/a 0.0%
Evolve Bank & Trust $125,000 $115,000 -8.0% 0.0%
First Option Mortgage, LLC $115,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $115,000 n/a 0.0%
NASA Federal Credit Union $115,000 n/a 0.0%
US MORTGAGE CORPORATION $115,000 n/a 0.0%
FEDEX EMPLOYEES CREDIT ASSOCIATION $105,000 n/a 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $1,675,000 $105,000 -93.7% 0.0%
UNIVERSAL Federal Credit Union $105,000 n/a 0.0%
American Airlines Federal Credit Union $95,000 n/a 0.0%
CNB Bank Inc. $95,000 n/a 0.0%
FAY SERVICING, LLC $95,000 n/a 0.0%
Connexus Credit Union $85,000 n/a 0.0%
LENDINGONE, LLC $85,000 n/a 0.0%
Pendleton Community Bank, Inc. $75,000 $85,000 13.3% 0.0%
Uwharrie Bank $85,000 n/a 0.0%
HANSCOM $75,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $75,000 n/a 0.0%
Arvest Bank $65,000 n/a 0.0%
ATOMIC CREDIT UNION, INC. $35,000 n/a 0.0%
Baxter Credit Union $25,000 $25,000 0.0% 0.0%
First Commonwealth Bank $25,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $25,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

CHARLESTON's top lender by overall market share is QUICKEN LOANS, LLC, with 10.1% market share. In second place, with 7.5%, is Gateway First Bank, having originated $65,090,000 in loans. In third place, with 7.0%, is Victorian Finance, LLC, having originated $60,605,000 in loans. In third place, with 6.3%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $54,370,000 in loans. In third place, with 5.9%, is City National Bank of West Virginia, having originated $51,390,000 in loans.


CHARLESTON, WV Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,707 $457,625,000 $169,052
Refi 1,786 $278,140,000 $155,733
Cash Out Refi 726 $101,290,000 $139,518
Home Improvement 228 $15,030,000 $65,921
Other 220 $17,090,000 $77,682

Charleston's most frequently cited loan purpose was Home Purchase, with 2,707 originations. The 2nd most popular reason was Refi, with 1,786 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 2,006 $304,350,000 $151,720
2.5-3% 1,829 $300,875,000 $164,502
<2.5% 835 $141,885,000 $169,922
4-5% 344 $45,460,000 $132,151
Over 8% 64 $4,630,000 $72,344
5-6% 42 $3,230,000 $76,905
6-7% 34 $3,100,000 $91,176
7-8% 28 $2,380,000 $85,000

During 2021, Charleston's most frequently originated rate bucket was 3-4%, with 2,006 originations.

Loan Sizing (CHARLESTON, WV MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 2,612 $370,510,000 $141,849
$100,000 or less 1,876 $124,250,000 $66,231
$200k-400k 1,004 $265,850,000 $264,791
$400k-600k 132 $62,440,000 $473,030
$600k-1000k 30 $21,530,000 $717,667
$Over $1MM 13 $24,595,000 $1,891,923

CHARLESTON's loan sizing saw the bucket of loans from $100k-200k with 2,612 originations, totaling $370,510,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,529 $423,255,000 $167,361
60-80% 1,426 $237,550,000 $166,585
40-60% 503 $66,995,000 $133,191
20-40% 303 $23,085,000 $76,188
Under 20% 162 $5,900,000 $36,420
Over 100% 66 $18,520,000 $280,606

CHARLESTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,529 originations, totaling $423,255,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - CHARLESTON (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 $138,000 (-1.4%) $214,840 (1.2%) 0.51 1,066
2018-02-01 $139,450 (-0.3%) $217,244 (-0.8%) 0.50 1,057
2018-03-01 $140,000 (0.1%) $222,654 (0.9%) 0.48 1,049
2018-04-01 $148,461 (3.1%) $230,494 (1.3%) 0.50 1,087
2018-05-01 $145,250 (2.7%) $227,299 (0.7%) 0.48 1,133
2018-06-01 $147,000 (1.0%) $227,796 (1.5%) 0.49 1,176
2018-07-01 $148,969 (-0.6%) $229,690 (2.4%) 0.50 1,217
2018-08-01 $149,000 (-0.6%) $230,761 (3.3%) 0.50 1,239
2018-09-01 $148,500 (-0.9%) $232,995 (4.9%) 0.50 1,262
2018-10-01 $148,500 (-0.6%) $236,375 (7.9%) 0.50 1,201
2018-11-01 $148,750 (2.6%) $240,566 (11.0%) 0.50 1,158
2018-12-01 $145,000 (0.0%) $237,877 (9.0%) 0.50 1,099
2019-01-01 $149,200 (8.1%) $238,489 (11.0%) 0.51 1,027
2019-02-01 $149,900 (7.5%) $243,142 (11.9%) 0.50 1,025
2019-03-01 $149,943 (7.1%) $242,977 (9.1%) 0.49 1,025
2019-04-01 $149,993 (1.0%) $243,023 (5.4%) 0.47 1,014
2019-05-01 $149,950 (3.2%) $246,308 (8.4%) 0.46 1,056
2019-06-01 $150,000 (2.0%) $246,659 (8.3%) 0.46 1,114
2019-07-01 $149,450 (0.3%) $234,762 (2.2%) 0.46 1,153
2019-08-01 $149,100 (0.1%) $226,957 (-1.7%) 0.47 1,159
2019-09-01 $149,800 (0.9%) $225,472 (-3.2%) 0.48 1,145
2019-10-01 $149,900 (0.9%) $228,586 (-3.3%) 0.48 1,112
2019-11-01 $149,900 (0.8%) $226,347 (-5.9%) 0.48 1,075
2019-12-01 $149,000 (2.8%) $232,816 (-2.1%) 0.50 1,029
2020-01-01 $146,950 (-1.5%) $238,046 (-0.2%) 0.49 971
2020-02-01 $147,500 (-1.6%) $238,144 (-2.1%) 0.48 931
2020-03-01 $149,950 (0.0%) $243,833 (0.4%) 0.47 897
2020-04-01 $156,250 (4.2%) $247,189 (1.7%) 0.49 841
2020-05-01 $162,000 (8.0%) $262,168 (6.4%) 0.49 754
2020-06-01 $161,200 (7.5%) $261,856 (6.2%) 0.47 741
2020-07-01 $159,900 (7.0%) $265,733 (13.2%) 0.46 726
2020-08-01 $160,695 (7.8%) $274,329 (20.9%) 0.46 693
2020-09-01 $160,298 (7.0%) $273,446 (21.3%) 0.46 674
2020-10-01 $160,725 (7.2%) $273,093 (19.5%) 0.46 667
2020-11-01 $157,900 (5.3%) $262,711 (16.1%) 0.45 530
2020-12-01 $149,900 (0.6%) $246,535 (5.9%) 0.44 497
2021-01-01 $145,000 (-1.3%) $241,026 (1.3%) 0.43 451
2021-02-01 $139,000 (-5.8%) $235,161 (-1.3%) 0.40 410
2021-03-01 $137,000 (-8.6%) $236,644 (-3.0%) 0.38 368
2021-04-01 $137,000 (-12.3%) $260,460 (5.4%) 0.37 317
2021-05-01 $139,900 (-13.6%) $262,616 (0.2%) 0.37 332
2021-06-01 $140,000 (-13.2%) $233,526 (-10.8%) 0.36 341
2021-07-01 $146,000 (-8.7%) $222,194 (-16.4%) 0.38 341
2021-08-01 $139,900 (-12.9%) $209,952 (-23.5%) 0.37 370
2021-09-01 $147,000 (-8.3%) $206,401 (-24.5%) 0.39 392
2021-10-01 $144,000 (-10.4%) $201,384 (-26.3%) 0.38 439
2021-11-01 $143,950 (-8.8%) $206,520 (-21.4%) 0.38 399
2021-12-01 $149,500 (-0.3%) $203,201 (-17.6%) 0.40 382
2022-01-01 $142,900 (-1.5%) $203,384 (-15.6%) 0.38 339
2022-02-01 $148,900 (7.1%) $229,279 (-2.5%) 0.38 300
2022-03-01 $142,500 (4.0%) $235,446 (-0.5%) 0.35 262
2022-04-01 $144,000 (5.1%) $236,681 (-9.1%) 0.34 253
CHARLESTON's median listing price for 2022-04-01 was $144,000, a difference of $7,000 (5.1%) versus the prior year and $1,500 versus the prior month.

CHARLESTON's median listing price comes in at 34% of the national average.

CHARLESTON's average listing price for 2022-04-01 was $236,681, a difference of $-23,779 (-9.1%) versus the prior year and $1,235 versus the prior month.

For the 2022-04-01 period, CHARLESTON had 253 MLS listings, a difference of -9 listings (-3%) versus the prior month and -64 listings (-20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - CHARLESTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 105 days 1,814 sqft
2018-02-01 107 days 1,827 sqft
2018-03-01 101 days 1,848 sqft
2018-04-01 80 days 1,888 sqft
2018-05-01 75 days 1,854 sqft
2018-06-01 78 days 1,870 sqft
2018-07-01 84 days 1,870 sqft
2018-08-01 89 days 1,900 sqft
2018-09-01 92 days 1,854 sqft
2018-10-01 93 days 1,862 sqft
2018-11-01 97 days 1,888 sqft
2018-12-01 102 days 1,845 sqft
2019-01-01 108 days 1,839 sqft
2019-02-01 107 days 1,893 sqft
2019-03-01 100 days 1,895 sqft
2019-04-01 86 days 1,889 sqft
2019-05-01 79 days 1,851 sqft
2019-06-01 77 days 1,863 sqft
2019-07-01 79 days 1,867 sqft
2019-08-01 84 days 1,853 sqft
2019-09-01 90 days 1,849 sqft
2019-10-01 92 days 1,862 sqft
2019-11-01 93 days 1,855 sqft
2019-12-01 99 days 1,850 sqft
2020-01-01 107 days 1,842 sqft
2020-02-01 105 days 1,828 sqft
2020-03-01 95 days 1,892 sqft
2020-04-01 87 days 1,912 sqft
2020-05-01 94 days 1,930 sqft
2020-06-01 102 days 1,924 sqft
2020-07-01 93 days 1,902 sqft
2020-08-01 81 days 1,906 sqft
2020-09-01 80 days 1,891 sqft
2020-10-01 80 days 1,868 sqft
2020-11-01 78 days 1,810 sqft
2020-12-01 79 days 1,792 sqft
2021-01-01 86 days 1,810 sqft
2021-02-01 81 days 1,740 sqft
2021-03-01 69 days 1,717 sqft
2021-04-01 70 days 1,652 sqft
2021-05-01 51 days 1,690 sqft
2021-06-01 52 days 1,644 sqft
2021-07-01 56 days 1,687 sqft
2021-08-01 51 days 1,674 sqft
2021-09-01 50 days 1,699 sqft
2021-10-01 49 days 1,668 sqft
2021-11-01 58 days 1,654 sqft
2021-12-01 64 days 1,666 sqft
2022-01-01 73 days 1,650 sqft
2022-02-01 81 days 1,715 sqft
2022-03-01 71 days 1,719 sqft
2022-04-01 55 days 1,664 sqft
CHARLESTON's median listing age (time on market) for 2022-04-01 was 55 days. This is -21% shorter than the same period one year ago.

CHARLESTON's median square footage for active listings during the 2022-04-01 period was 1,664 sqft. One year prior, the average listing was 1,652 sqft.