Elkins Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Elkins averaged 6.72% for the week of 2025-07-10, compared to the national average of 6.72% for the same period.

The average rate for the prior week (2025-07-03) was 6.67% and one month ago for the week of 2025-06-05, the average rate was 6.95%.

Elkins's average rate one year ago was 6.95%.

For refis of the same type during the week of 2025-07-10, the average rate was 6.72%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-07-10 6.72%
Elkins 30 Year Fixed Rate 2025-07-10 6.72%
Elkins 30 Year Fixed Rate Refi 2025-07-10 6.72%
Elkins 15 Year Fixed Rate 2025-07-10 5.96%
Elkins 15 Year Fixed Rate Refi 2025-07-10 5.86%
Elkins 30 Year FHA 2025-07-10 6.72%
Elkins 30 Year FHA Refi 2025-07-10 6.72%
Elkins 30 Year USDA 2025-07-10 6.25%
Elkins 30 Year USDA Refi 2025-07-10 6.45%
Elkins 30 Year VA 2025-07-10 6.57%
Elkins 30 Year VA Refi 2025-07-10 6.57%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Elkins, WV.

Elkins 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 Elkins, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 11 6.94% $5,871
The Huntington National Bank 6 6.57% $4,022
MOVEMENT MORTGAGE, LLC 6 6.48% $4,675
NAVY FEDERAL CREDIT UNION 4 6.94% $7,113
NEWREZ LLC 3 6.71% $6,305
VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.33% $8,860
LOANDEPOT.COM, LLC 2 6.11% $4,376
Mortgage Research Center, LLC 2 6.25% $6,567
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $6,504
NBKC BANK 1 6.00% $8,651
PHH Mortgage Corporation 1 6.38% $5,166
PNC Bank 1 6.88% $5,830
Truist 1 7.13% $4,481
UNITED WHOLESALE MORTGAGE, LLC 1 7.13% $3,566
USAA Federal Savings Bank 1 6.00% $8,430
U.S. Bank 1 6.50% $3,747
Alcova Mortgage LLC 1 7.99% $5,390
ZILLOW HOME LOANS, LLC 1 7.63% $3,804
AMERICAN FINANCING CORPORATION 1 6.99% $5,119
Atlantic Union Bank 1 6.99% $4,073
BETTER MORTGAGE CORPORATION 1 7.00% $2,163
Clear Mountain Bank 1 6.00% $3,505
Fifth Third Bank 1 6.38% $4,233
Guardian Savings Bank, A Federal Savings Bank 1 6.50% $3,579
HOMESPIRE MORTGAGE CORPORATION 1 6.00% $4,300

Elkins Average Closing Costs & Other Stats

Elkins, WV's 25 lenders originated 210 loans during 2024. The total origination value was $33,440,000, with an average loan value of $159,238.

Elkins's average closing costs are $4,811.

The top Elkins lender as defined by loan originations is QUICKEN LOANS, LLC, with 11 loans originated. Their average total fees are $5,871, which is $1,849 higher than the next largest lender, The Huntington National Bank.

The lowest fee Elkins lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($5,871), .

The lowest rate Elkins lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.94%), .

Elkins, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
QUICKEN LOANS, LLC $3,850,000 $4,415,000 14.7% 13.2%
The Huntington National Bank $4,175,000 $4,030,000 -3.5% 12.1%
MOVEMENT MORTGAGE, LLC $2,285,000 $3,995,000 74.8% 11.9%
NAVY FEDERAL CREDIT UNION $165,000 $2,530,000 1,433.3% 7.6%
Mortgage Research Center, LLC $1,920,000 $2,060,000 7.3% 6.2%
The Grant County Bank $1,015,000 $2,020,000 99.0% 6.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,900,000 $1,985,000 4.5% 5.9%
Clear Mountain Bank $505,000 $1,525,000 202.0% 4.6%
NEWREZ LLC $165,000 $1,405,000 751.5% 4.2%
The Federal Savings Bank $600,000 n/a 1.8%
LOANDEPOT.COM, LLC $340,000 $590,000 73.5% 1.8%
U.S. Bank $255,000 $565,000 121.6% 1.7%
UNITED WHOLESALE MORTGAGE, LLC $1,555,000 $470,000 -69.8% 1.4%
Mr. Cooper ( Nationstar Mortgage ) $455,000 n/a 1.4%
Presidential Bank, FSB $1,995,000 $405,000 -79.7% 1.2%
PNC Bank $65,000 $335,000 415.4% 1.0%
Fifth Third Bank $295,000 n/a 0.9%
Guardian Savings Bank, A Federal Savings Bank $295,000 n/a 0.9%
Paramount Residential Mortgage Group, Inc. $105,000 $265,000 152.4% 0.8%
PENNYMAC LOAN SERVICES, LLC $390,000 $260,000 -33.3% 0.8%
Alcova Mortgage LLC $245,000 n/a 0.7%
BROKER SOLUTIONS, INC. $75,000 $245,000 226.7% 0.7%
Flagstar Bank, FSB $345,000 $235,000 -31.9% 0.7%
Truist $380,000 $230,000 -39.5% 0.7%
Equity Prime Mortgage LLC $225,000 n/a 0.7%
NBKC BANK $225,000 n/a 0.7%
WesBanco $210,000 $215,000 2.4% 0.6%
MYCUMORTGAGE, LLC $205,000 n/a 0.6%
CHURCHILL MORTGAGE CORPORATION $95,000 $195,000 105.3% 0.6%
HOMESIDE FINANCIAL, LLC $195,000 n/a 0.6%
JPMorgan Chase Bank $105,000 $180,000 71.4% 0.5%
USAA Federal Savings Bank $125,000 $175,000 40.0% 0.5%
BETTER MORTGAGE CORPORATION $155,000 n/a 0.5%
Discover Bank $55,000 $155,000 181.8% 0.5%
Farm Credit of the Virginias, ACA $155,000 n/a 0.5%
JUSTICE Federal Credit Union $155,000 n/a 0.5%
SOUTHWEST STAGE FUNDING, LLC $145,000 n/a 0.4%
AMERICAN FINANCING CORPORATION $95,000 $135,000 42.1% 0.4%
Ixonia Bank $135,000 n/a 0.4%
Pendleton Community Bank, Inc. $125,000 n/a 0.4%
Atlantic Union Bank $105,000 n/a 0.3%
HOMESPIRE MORTGAGE CORPORATION $95,000 n/a 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $595,000 $95,000 -84.0% 0.3%
City National Bank of West Virginia $430,000 $90,000 -79.1% 0.3%
Wells Fargo Bank $85,000 n/a 0.3%
ASHLAND Credit Union $45,000 $75,000 66.7% 0.2%
PHH Mortgage Corporation $75,000 n/a 0.2%
Clearview Federal Credit Union $65,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $65,000 n/a 0.2%
Deere Employees Credit Union $55,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $145,000 $55,000 -62.1% 0.2%
FINANCE OF AMERICA REVERSE LLC $25,000 n/a 0.1%

Elkins's top lender by overall market share is QUICKEN LOANS, LLC, with 13.2% market share. In second place, with 12.1%, is The Huntington National Bank, having originated $4,030,000 in loans. In third place, with 11.9%, is MOVEMENT MORTGAGE, LLC, having originated $3,995,000 in loans. In fourth place, with 7.6%, is NAVY FEDERAL CREDIT UNION, having originated $2,530,000 in loans. In fifth place, with 6.2%, is Mortgage Research Center, LLC, having originated $2,060,000 in loans.


Elkins Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Elkins (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 $134,800 (-17.6%) $171,104 (-6.6%) 0.00 130
2018-02-01 $135,225 (-16.9%) $172,813 (-3.9%) 0.00 122
2018-03-01 $149,500 (-7.3%) $185,205 (1.8%) 0.00 115
2018-04-01 $159,725 (-0.5%) $192,337 (9.4%) 0.00 121
2018-05-01 $159,000 (-1.2%) $188,200 (9.4%) 0.00 128
2018-06-01 $149,950 (-4.1%) $186,614 (12.2%) 0.00 135
2018-07-01 $160,000 (7.4%) $195,360 (17.8%) 0.00 137
2018-08-01 $165,975 (16.6%) $199,167 (16.5%) 0.00 135
2018-09-01 $174,999 (19.9%) $203,236 (18.7%) 0.00 129
2018-10-01 $179,000 (21.6%) $200,541 (16.4%) 0.00 125
2018-11-01 $173,650 (21.0%) $196,145 (12.8%) 0.00 120
2018-12-01 $179,000 (28.8%) $201,258 (16.2%) 0.00 113
2019-01-01 $179,675 (33.3%) $204,485 (19.5%) 0.00 106
2019-02-01 $180,975 (33.8%) $208,085 (20.4%) 0.00 104
2019-03-01 $176,429 (18.0%) $204,462 (10.4%) 0.00 106
2019-04-01 $172,904 (8.3%) $203,088 (5.6%) 0.00 105
2019-05-01 $174,300 (9.6%) $203,098 (7.9%) 0.00 110
2019-06-01 $169,900 (13.3%) $197,069 (5.6%) 0.00 113
2019-07-01 $164,300 (2.7%) $193,009 (-1.2%) 0.00 116
2019-08-01 $167,882 (1.2%) $197,598 (-0.8%) 0.00 115
2019-09-01 $166,655 (-4.8%) $194,703 (-4.2%) 0.00 114
2019-10-01 $165,836 (-7.4%) $192,773 (-3.9%) 0.00 110
2019-11-01 $152,500 (-12.2%) $196,175 (0.0%) 0.00 101
2019-12-01 $151,250 (-15.5%) $197,058 (-2.1%) 0.00 84
2020-01-01 $152,500 (-15.1%) $197,439 (-3.5%) 0.00 77
2020-02-01 $169,000 (-6.6%) $198,229 (-4.7%) 0.00 85
2020-03-01 $169,225 (-4.1%) $203,058 (-0.7%) 0.00 95
2020-04-01 $172,400 (-0.3%) $205,755 (1.3%) 0.00 90
2020-05-01 $179,900 (3.2%) $220,050 (8.4%) 0.00 87
2020-06-01 $189,000 (11.2%) $219,533 (11.4%) 0.00 91
2020-07-01 $184,450 (12.3%) $219,049 (13.5%) 0.00 91
2020-08-01 $189,950 (13.2%) $224,272 (13.5%) 0.00 71
2020-09-01 $176,450 (5.9%) $205,045 (5.3%) 0.00 65
2020-10-01 $167,350 (0.9%) $206,371 (7.1%) 0.00 72
2020-11-01 $174,900 (14.7%) $214,231 (9.2%) 0.00 65
2020-12-01 $184,450 (22.0%) $220,254 (11.8%) 0.00 63
2021-01-01 $189,900 (24.5%) $230,709 (16.9%) 0.00 55
2021-02-01 $210,450 (24.5%) $239,711 (20.9%) 0.00 45
2021-03-01 $192,200 (13.6%) $217,027 (6.9%) 0.00 41
2021-04-01 $183,975 (6.7%) $199,335 (-3.1%) 0.00 42
2021-05-01 $174,900 (-2.8%) $189,733 (-13.8%) 0.00 37
2021-06-01 $168,450 (-10.9%) $195,624 (-10.9%) 0.00 37
2021-07-01 $185,950 (0.8%) $206,136 (-5.9%) 0.00 51
2021-08-01 $175,200 (-7.8%) $204,855 (-8.7%) 0.00 51
2021-09-01 $177,875 (0.8%) $218,260 (6.4%) 0.00 52
2021-10-01 $177,450 (6.0%) $214,105 (3.8%) 0.00 50
2021-11-01 $183,500 (4.9%) $221,731 (3.5%) 0.00 48
2021-12-01 $160,700 (-12.9%) $189,059 (-14.2%) 0.00 37
2022-01-01 $169,000 (-11.0%) $191,057 (-17.2%) 0.00 34
2022-02-01 $168,225 (-20.1%) $201,156 (-16.1%) 0.00 32
2022-03-01 $173,500 (-9.7%) $209,157 (-3.6%) 0.00 24
2022-04-01 $205,000 (11.4%) $229,836 (15.3%) 0.00 23
2022-05-01 $200,525 (14.7%) $227,691 (20.0%) 0.00 30
2022-06-01 $238,850 (41.8%) $270,211 (38.1%) 0.00 29
2022-07-01 $219,900 (18.3%) $269,271 (30.6%) 0.00 28
2022-08-01 $225,725 (28.8%) $294,457 (43.7%) 0.00 32
2022-09-01 $207,500 (16.7%) $285,955 (31.0%) 0.00 35
2022-10-01 $205,000 (15.5%) $259,423 (21.2%) 0.00 35
2022-11-01 $199,950 (9.0%) $249,391 (12.5%) 0.00 38
2022-12-01 $199,950 (24.4%) $257,220 (36.1%) 0.00 33
2023-01-01 $192,450 (13.9%) $249,528 (30.6%) 0.00 29
2023-02-01 $209,900 (24.8%) $233,200 (15.9%) 0.00 30
2023-03-01 $185,950 (7.2%) $221,955 (6.1%) 0.00 31
2023-04-01 $199,999 (-2.4%) $232,600 (1.2%) 0.00 19
2023-05-01 $215,000 (7.2%) $249,513 (9.6%) 0.00 24
2023-06-01 $241,375 (1.1%) $311,863 (15.4%) 0.00 25
2023-07-01 $247,200 (12.4%) $331,152 (23.0%) 0.00 27
2023-08-01 $218,475 (-3.2%) $292,348 (-0.7%) 0.00 34
2023-09-01 $219,200 (5.6%) $287,079 (0.4%) 0.00 35
2023-10-01 $239,000 (16.6%) $275,442 (6.2%) 0.00 45
2023-11-01 $222,200 (11.1%) $275,031 (10.3%) 0.00 45
2023-12-01 $239,500 (19.8%) $293,923 (14.3%) 0.00 39
2024-01-01 $218,900 (13.7%) $257,960 (3.4%) 0.00 40
2024-02-01 $219,900 (4.8%) $278,503 (19.4%) 0.00 34
2024-03-01 $215,900 (16.1%) $275,744 (24.2%) 0.00 35
2024-04-01 $219,925 (10.0%) $270,094 (16.1%) 0.00 34
2024-05-01 $202,400 (-5.9%) $261,779 (4.9%) 0.00 38
2024-06-01 $229,000 (-5.1%) $270,346 (-13.3%) 0.00 45
2024-07-01 $262,175 (6.1%) $300,251 (-9.3%) 0.00 49
2024-08-01 $269,000 (23.1%) $282,288 (-3.4%) 0.00 45
2024-09-01 $238,725 (8.9%) $269,246 (-6.2%) 0.00 49
2024-10-01 $234,875 (-1.7%) $269,293 (-2.2%) 0.00 52
2024-11-01 $263,500 (18.6%) $307,331 (11.7%) 0.00 61
2024-12-01 $266,000 (11.1%) $331,707 (12.9%) 0.00 62
2025-01-01 $273,425 (24.9%) $344,995 (33.7%) 0.00 47
2025-02-01 $275,000 (25.1%) $345,334 (24.0%) 0.00 47
2025-03-01 $274,900 (27.3%) $349,332 (26.7%) 0.00 51
2025-04-01 $251,325 (14.3%) $336,199 (24.5%) 0.00 51
2025-05-01 $249,950 (23.5%) $314,352 (20.1%) 0.00 71
2025-06-01 $244,900 (6.9%) $321,425 (18.9%) 0.00 71
Elkins's median listing price for 2025-06-01 was $244,900, a difference of $15,900 (6.9%) versus the prior year and $-5,050 versus the prior month.

Elkins's median listing price comes in at 0% of the national average.

Elkins's average listing price for 2025-06-01 was $321,425, a difference of $51,079 (18.9%) versus the prior year and $7,073 versus the prior month.

For the 2025-06-01 period, Elkins had 71 MLS listings, a difference of 0 listings (0%) versus the prior month and 26 listings (58%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Elkins (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,807 sqft
2018-02-01 0 days 1,820 sqft
2018-03-01 0 days 1,907 sqft
2018-04-01 0 days 1,982 sqft
2018-05-01 0 days 1,876 sqft
2018-06-01 0 days 1,850 sqft
2018-07-01 0 days 1,900 sqft
2018-08-01 0 days 1,930 sqft
2018-09-01 0 days 1,998 sqft
2018-10-01 0 days 1,993 sqft
2018-11-01 0 days 1,845 sqft
2018-12-01 0 days 1,845 sqft
2019-01-01 0 days 1,838 sqft
2019-02-01 0 days 1,884 sqft
2019-03-01 0 days 1,905 sqft
2019-04-01 0 days 1,813 sqft
2019-05-01 0 days 1,894 sqft
2019-06-01 0 days 1,900 sqft
2019-07-01 0 days 1,897 sqft
2019-08-01 0 days 1,884 sqft
2019-09-01 0 days 1,877 sqft
2019-10-01 0 days 1,873 sqft
2019-11-01 0 days 1,872 sqft
2019-12-01 0 days 1,962 sqft
2020-01-01 0 days 1,944 sqft
2020-02-01 0 days 1,941 sqft
2020-03-01 0 days 1,879 sqft
2020-04-01 0 days 1,991 sqft
2020-05-01 0 days 1,990 sqft
2020-06-01 0 days 1,826 sqft
2020-07-01 0 days 1,797 sqft
2020-08-01 0 days 1,924 sqft
2020-09-01 0 days 1,767 sqft
2020-10-01 0 days 1,842 sqft
2020-11-01 0 days 1,906 sqft
2020-12-01 0 days 1,757 sqft
2021-01-01 0 days 1,776 sqft
2021-02-01 0 days 1,901 sqft
2021-03-01 0 days 1,663 sqft
2021-04-01 0 days 1,649 sqft
2021-05-01 0 days 1,650 sqft
2021-06-01 0 days 1,648 sqft
2021-07-01 0 days 1,862 sqft
2021-08-01 0 days 1,654 sqft
2021-09-01 0 days 1,612 sqft
2021-10-01 0 days 1,605 sqft
2021-11-01 0 days 1,598 sqft
2021-12-01 0 days 1,523 sqft
2022-01-01 0 days 1,800 sqft
2022-02-01 0 days 1,631 sqft
2022-03-01 0 days 1,566 sqft
2022-04-01 0 days 1,604 sqft
2022-05-01 0 days 1,672 sqft
2022-06-01 0 days 1,739 sqft
2022-07-01 0 days 1,936 sqft
2022-08-01 0 days 1,957 sqft
2022-09-01 0 days 1,814 sqft
2022-10-01 0 days 1,773 sqft
2022-11-01 0 days 1,728 sqft
2022-12-01 0 days 1,749 sqft
2023-01-01 0 days 1,697 sqft
2023-02-01 0 days 1,703 sqft
2023-03-01 0 days 1,808 sqft
2023-04-01 0 days 1,792 sqft
2023-05-01 0 days 2,096 sqft
2023-06-01 0 days 1,936 sqft
2023-07-01 0 days 1,845 sqft
2023-08-01 0 days 1,700 sqft
2023-09-01 0 days 2,100 sqft
2023-10-01 0 days 2,030 sqft
2023-11-01 0 days 1,832 sqft
2023-12-01 0 days 1,865 sqft
2024-01-01 0 days 1,844 sqft
2024-02-01 0 days 1,827 sqft
2024-03-01 0 days 1,716 sqft
2024-04-01 0 days 1,685 sqft
2024-05-01 0 days 1,763 sqft
2024-06-01 0 days 1,805 sqft
2024-07-01 0 days 1,861 sqft
2024-08-01 0 days 1,778 sqft
2024-09-01 0 days 1,717 sqft
2024-10-01 0 days 1,638 sqft
2024-11-01 0 days 1,785 sqft
2024-12-01 0 days 1,750 sqft
2025-01-01 0 days 1,849 sqft
2025-02-01 0 days 1,899 sqft
2025-03-01 0 days 1,853 sqft
2025-04-01 0 days 1,739 sqft
2025-05-01 0 days 1,710 sqft
2025-06-01 0 days 1,710 sqft
Elkins's median listing age (time on market) for 2025-06-01 was 0 days.

Elkins's median square footage for active listings during the 2025-06-01 period was 1,710 sqft. One year prior, the average listing was 1,805 sqft.

Elkins, WV Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 128 $24,020,000 $187,656
Cash Out Refi 36 $4,680,000 $130,000
Refi 19 $2,695,000 $141,842
Home Improvement 14 $810,000 $57,857
Other 13 $1,235,000 $95,000

Elkins's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 73 $13,245,000 $181,438
Over 8% 55 $5,175,000 $94,091
7-8% 37 $6,425,000 $173,649
5-6% 34 $6,450,000 $189,706

During 2024, Elkins's most frequently originated rate bucket was 6-7%, with 73 originations.

Loan Sizing (Elkins, WV MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 87 $13,095,000 $150,517
$100,000 or less 73 $4,645,000 $63,630
$200k-400k 41 $10,435,000 $254,512
$400k-600k 7 $3,475,000 $496,429
$600k-1000k 2 $1,790,000 $895,000

Elkins's loan sizing saw the bucket of loans from $100k-200k with 87 originations, totaling $13,095,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 103 $19,365,000 $188,010
20-40% 28 $1,990,000 $71,071
60-80% 28 $5,200,000 $185,714
40-60% 23 $3,105,000 $135,000
Under 20% 12 $510,000 $42,500
Over 100% 3 $565,000 $188,333

Elkins's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 103 originations, totaling $19,365,000 in origination value.