Clarksburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Clarksburg averaged
6.74%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.47% and
one month ago for the week of 2024-10-03, the
average rate was 5.97%.
Clarksburg's average rate one year ago was 7.31%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Clarksburg 30 Year Fixed Rate | 2024-11-07 | 6.74% |
| Clarksburg 30 Year Fixed Rate Refi | 2024-11-07 | 6.99% |
| Clarksburg 15 Year Fixed Rate | 2024-11-07 | 6% |
| Clarksburg 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Clarksburg 30 Year FHA | 2024-11-07 | 6.24% |
| Clarksburg 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Clarksburg 30 Year USDA | 2024-11-07 | 6.68% |
| Clarksburg 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Clarksburg 30 Year VA | 2024-11-07 | 6.44% |
| Clarksburg 30 Year VA Refi | 2024-11-07 | 6.54% |
Clarksburg 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 Clarksburg, 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.).
Clarksburg Average Closing Costs & Other Stats
Clarksburg, WV's 61 lenders originated 1,178
loans during 2023. The total origination value was $207,880,000, with an average loan value of
$176,469.
Clarksburg's average closing costs are $4,478.
The top Clarksburg lender as defined by loan originations is WesBanco, with
48 loans originated. Their average total fees are
$4,412, which is $269
higher than the next largest lender,
The Huntington National Bank.
The lowest fee Clarksburg lenders (with over 10 loans originated) are
City National Bank of West Virginia ($1,744), FAIRMONT ($2,665), Truist ($3,324), Clear Mountain Bank ($3,476) and First National Bank of Pennsylvania ($4,137).
The lowest rate Clarksburg lenders (with over 10 loans originated) are
FAIRMONT (5.81%), LOANDEPOT.COM, LLC (6.07%), City National Bank of West Virginia (6.13%), WesBanco (6.31%) and The Huntington National Bank (6.55%).
Clarksburg, WV 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 |
|---|---|---|---|---|
| WesBanco | $31,325,000 | $32,720,000 | 4.5% | 15.7% |
| The Huntington National Bank | $28,500,000 | $22,090,000 | -22.5% | 10.6% |
| QUICKEN LOANS, LLC | $21,705,000 | $13,535,000 | -37.6% | 6.5% |
| Truist | $13,060,000 | $9,485,000 | -27.4% | 4.6% |
| City National Bank of West Virginia | $17,065,000 | $9,445,000 | -44.7% | 4.5% |
| First Exchange Bank | $3,230,000 | $8,490,000 | 162.8% | 4.1% |
| Mortgage Research Center, LLC | $5,565,000 | $7,820,000 | 40.5% | 3.8% |
| LOANDEPOT.COM, LLC | $8,895,000 | $7,615,000 | -14.4% | 3.7% |
| Clear Mountain Bank | $10,350,000 | $7,240,000 | -30.0% | 3.5% |
| INTERCOASTAL MORTGAGE COMPANY | $11,335,000 | $6,475,000 | -42.9% | 3.1% |
| FAIRMONT | $6,655,000 | $6,325,000 | -5.0% | 3.0% |
| Sierra Pacific Mortgage Company, Inc. | $3,765,000 | $5,870,000 | 55.9% | 2.8% |
| First Guaranty Bank | $8,050,000 | $5,815,000 | -27.8% | 2.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,530,000 | $4,675,000 | 84.8% | 2.2% |
| First Federal Savings and Loan Association of Greene Co | $2,740,000 | $4,115,000 | 50.2% | 2.0% |
| First National Bank of Pennsylvania | $65,000 | $3,810,000 | 5,761.5% | 1.8% |
| MOVEMENT MORTGAGE, LLC | $3,515,000 | $3,650,000 | 3.8% | 1.8% |
| NEXTIER BANK, NATIONAL ASSOCIATION | $3,315,000 | n/a | 1.6% | |
| JPMorgan Chase Bank | $6,940,000 | $3,000,000 | -56.8% | 1.4% |
| Summit Community Bank, Inc. | $745,000 | $2,950,000 | 296.0% | 1.4% |
| First Federal Bank of the Midwest | $12,810,000 | $2,695,000 | -79.0% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $5,375,000 | $2,685,000 | -50.0% | 1.3% |
| PNC Bank | $2,990,000 | $2,445,000 | -18.2% | 1.2% |
| Wells Fargo Bank | $1,355,000 | $1,635,000 | 20.7% | 0.8% |
| JUSTICE Federal Credit Union | $1,450,000 | $1,525,000 | 5.2% | 0.7% |
| CHESSIE | $2,530,000 | $1,295,000 | -48.8% | 0.6% |
| GUARANTEED RATE AFFINITY, LLC | $345,000 | $1,110,000 | 221.7% | 0.5% |
| Flagstar Bank, FSB | $890,000 | $1,095,000 | 23.0% | 0.5% |
| USAA Federal Savings Bank | $1,635,000 | $1,075,000 | -34.3% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,085,000 | $1,065,000 | -48.9% | 0.5% |
| BAYER HERITAGE | $635,000 | $1,040,000 | 63.8% | 0.5% |
| Bank of America | $790,000 | $1,005,000 | 27.2% | 0.5% |
| Bank of England | $420,000 | $955,000 | 127.4% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $2,385,000 | $860,000 | -63.9% | 0.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,880,000 | $860,000 | -70.1% | 0.4% |
| LIMA ONE CAPITAL, LLC | $830,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $1,110,000 | $700,000 | -36.9% | 0.3% |
| Alcova Mortgage LLC | $670,000 | n/a | 0.3% | |
| DAS Acquisition Company, LLC | $670,000 | n/a | 0.3% | |
| PENNYMAC LOAN SERVICES, LLC | $555,000 | $655,000 | 18.0% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $1,525,000 | $635,000 | -58.4% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $395,000 | $625,000 | 58.2% | 0.3% |
| GUARANTEED RATE, INC. | $845,000 | $600,000 | -29.0% | 0.3% |
| Old National Bank | $580,000 | n/a | 0.3% | |
| First Community Bank | $5,210,000 | $570,000 | -89.1% | 0.3% |
| U.S. Bank | $710,000 | $525,000 | -26.1% | 0.3% |
| First United Corporation | $2,290,000 | $465,000 | -79.7% | 0.2% |
| Integrity Home Mortgage Corp | $450,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $355,000 | $420,000 | 18.3% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $220,000 | $420,000 | 90.9% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $395,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $395,000 | n/a | 0.2% | |
| Select Bank | $375,000 | n/a | 0.2% | |
| Victorian Finance, LLC | $360,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $135,000 | $325,000 | 140.7% | 0.2% |
| Discover Bank | $90,000 | $325,000 | 261.1% | 0.2% |
| Atlantic Coast Mortgage, LLC | $315,000 | n/a | 0.2% | |
| Morgan Stanley Private Bank | $205,000 | $295,000 | 43.9% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $285,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $285,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $265,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $550,000 | $255,000 | -53.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $630,000 | $255,000 | -59.5% | 0.1% |
| Prosperity Home Mortgage, LLC | $245,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $245,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $315,000 | $240,000 | -23.8% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $215,000 | n/a | 0.1% | |
| ASHLAND Credit Union | $210,000 | n/a | 0.1% | |
| Blue Ridge Bank | $165,000 | $210,000 | 27.3% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
| GENISYS | $185,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $960,000 | $180,000 | -81.3% | 0.1% |
| Gateway First Bank | $575,000 | $175,000 | -69.6% | 0.1% |
| NEWREZ LLC | $290,000 | $165,000 | -43.1% | 0.1% |
| CHEVRON | $155,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $185,000 | $155,000 | -16.2% | 0.1% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $145,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $135,000 | n/a | 0.1% | |
| SOUTHERN TRUST MORTGAGE, LLC | $135,000 | n/a | 0.1% | |
| United Bank | $790,000 | $130,000 | -83.5% | 0.1% |
| Countybank | $125,000 | n/a | 0.1% | |
| First-Citizens Bank & Trust Company | $120,000 | n/a | 0.1% | |
| C & F Mortgage Corporation | $115,000 | n/a | 0.1% | |
| Peoples Bank | $1,125,000 | $110,000 | -90.2% | 0.1% |
| Equity Prime Mortgage LLC | $95,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $85,000 | $85,000 | 0.0% | 0.0% |
| MILLENNIUM FINANCIAL GROUP, INC. | $770,000 | $85,000 | -89.0% | 0.0% |
| Towne Bank | $85,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $125,000 | $85,000 | -32.0% | 0.0% |
| CALIBER HOME LOANS, INC. | $215,000 | $75,000 | -65.1% | 0.0% |
| 21ST MORTGAGE CORPORATION | $375,000 | $65,000 | -82.7% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $115,000 | $65,000 | -43.5% | 0.0% |
| The United Federal Credit Union | $205,000 | $65,000 | -68.3% | 0.0% |
| Pendleton Community Bank, Inc. | $805,000 | $55,000 | -93.2% | 0.0% |
| Atlantic Union Bank | $45,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $45,000 | n/a | 0.0% | |
| Farm Credit of the Virginias, ACA | $560,000 | $35,000 | -93.8% | 0.0% |
| THE STATE CREDIT UNION | $35,000 | n/a | 0.0% | |
| M&T Bank | $260,000 | $25,000 | -90.4% | 0.0% |
Clarksburg's top lender by overall market share is WesBanco, with 15.7% market share. In second place, with 10.6%, is The Huntington National Bank, having originated $22,090,000 in loans. In third place, with 6.5%, is QUICKEN LOANS, LLC, having originated $13,535,000 in loans. In fourth place, with 4.6%, is Truist, having originated $9,485,000 in loans. In fifth place, with 4.5%, is City National Bank of West Virginia, having originated $9,445,000 in loans.
Clarksburg, WV Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 704 | $153,520,000 | $218,068 |
| Cash Out Refi | 137 | $18,625,000 | $135,949 |
| Home Improvement | 125 | $11,105,000 | $88,840 |
| Other | 116 | $11,480,000 | $98,966 |
| Refi | 96 | $13,150,000 | $136,979 |
Clarksburg's most frequently cited loan purpose was Home Purchase, with 704 originations. The 2nd most popular reason was Cash Out Refi, with 137 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 366 | $79,970,000 | $218,497 |
| 5-6% | 254 | $43,960,000 | $173,071 |
| 7-8% | 226 | $40,630,000 | $179,779 |
| Over 8% | 173 | $16,675,000 | $96,387 |
| <2.5% | 43 | $3,895,000 | $90,581 |
| 4-5% | 23 | $3,675,000 | $159,783 |
| 3-4% | 23 | $2,875,000 | $125,000 |
| 2.5-3% | 12 | $1,000,000 | $83,333 |
During 2023, Clarksburg's most frequently originated rate bucket was 6-7%, with 366 originations.
Loan Sizing (Clarksburg, WV MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 463 | $66,355,000 | $143,315 |
| $100,000 or less | 385 | $23,515,000 | $61,078 |
| $200k-400k | 272 | $75,300,000 | $276,838 |
| $400k-600k | 42 | $19,610,000 | $466,905 |
| $600k-1000k | 8 | $5,970,000 | $746,250 |
| $Over $1MM | 8 | $17,130,000 | $2,141,250 |
Clarksburg's loan sizing saw the bucket of loans from $100k-200k with 463 originations, totaling $66,355,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 541 | $107,255,000 | $198,253 |
| 60-80% | 218 | $45,000,000 | $206,422 |
| 20-40% | 149 | $17,025,000 | $114,262 |
| 40-60% | 99 | $13,575,000 | $137,121 |
| Under 20% | 96 | $4,330,000 | $45,104 |
| Over 100% | 16 | $5,380,000 | $336,250 |
Clarksburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 541 originations, totaling $107,255,000 in origination value.