Elkins Mortgage Rates

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

    30 Year Fixed Rate mortgages in Elkins averaged 6.17% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

    The average rate for the prior week (2022-06-23) was 5.98% and one month ago for the week of 2022-05-26, the average rate was 5.47%.

    Elkins's average rate one year ago was 3.15%.

    For refis of the same type during the week of 2022-06-30, the average rate was 6.14%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Elkins 30 Year Fixed Rate 2022-06-30 6.17%
    Elkins 30 Year Fixed Rate Refi 2022-06-30 6.14%
    Elkins 15 Year Fixed Rate 2022-06-30 6.78%
    Elkins 15 Year Fixed Rate Refi 2022-06-30 4.83%
    Elkins 30 Year FHA 2022-06-30 6.14%
    Elkins 30 Year FHA Refi 2022-06-30 5.86%
    Elkins 30 Year USDA 2022-06-30 5.82%
    Elkins 30 Year VA 2022-06-30 5.98%
    Elkins 30 Year VA Refi 2022-06-30 5.56%
    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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 26 3.13% $4,623
    The Huntington National Bank 14 3.18% $3,496
    MOVEMENT MORTGAGE, LLC 11 3.34% $3,174
    NFM, INC. 5 3.28% $3,390
    UNITED WHOLESALE MORTGAGE, LLC 4 3.35% $2,852
    AMERISAVE MORTGAGE CORPORATION 4 3.09% $5,362
    JPMorgan Chase Bank 4 2.90% $2,956
    First Community Bank 3 3.04% $4,377
    HOME POINT FINANCIAL CORPORATION 3 3.62% $3,771
    First Federal Bank of the Midwest 3 3.17% $3,181
    BETTER MORTGAGE CORPORATION 2 3.38% $2,104
    INTERCOASTAL MORTGAGE COMPANY 2 3.06% $2,925
    LOANDEPOT.COM, LLC 2 3.06% $6,614
    NAVY FEDERAL CREDIT UNION 2 5.00% $7,401
    Colonial Savings, F.A. 2 3.44% $3,301
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.50% $4,427
    Truist Bank 2 2.87% $3,322
    Clear Mountain Bank 2 4.19% $3,122
    UNION HOME MORTGAGE CORP. 1 3.13% $3,679
    United Bank 1 2.63% $3,103
    AMERICAN FINANCIAL NETWORK, INC. 1 3.13% $9,756
    U.S. Bank 1 3.13% $3,968
    Bank of America 1 2.75% $5,513
    CHURCHILL MORTGAGE CORPORATION 1 3.63% $3,370
    CMG MORTGAGE, INC. 1 2.99% $5,151
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 3.00% $3,139
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.00% $4,836
    Fifth Third Bank 1 3.25% $4,170
    First-Citizens Bank & Trust Company 1 3.09% $2,226
    First Home Bank 1 4.88% $5,885
    Flagstar Bank, FSB 1 3.75% $4,380
    Fulton Bank 1 3.38% $6,339
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.13% $5,385
    Hometown Lenders, Inc. 1 3.63% $3,986
    Integrity Home Mortgage Corp 1 3.38% $3,675
    Nations Lending Corporation 1 2.88% $5,836
    ROYAL UNITED MORTGAGE LLC 1 3.50% $6,521
    TIDEWATER MORTGAGE SERVICES, INC. 1 3.50% $3,326
    UBS Bank USA 1 3.25% $4,387

    Elkins, WV's 39 lenders originated 387 loans during 2021. The total origination value was $57,895,000, with an average loan value of $149,599.

    The top Elkins lender as defined by loan originations is QUICKEN LOANS, LLC, with 26 loans originated. Their average total fees are $4,623, which is $1,127 higher than the next largest lender, The Huntington National Bank.

    The lowest fee Elkins lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($3,174), The Huntington National Bank ($3,496), QUICKEN LOANS, LLC ($4,623), .

    The lowest rate Elkins lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.13%), The Huntington National Bank (3.18%), MOVEMENT MORTGAGE, LLC (3.34%), .

    Elkins, 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 $8,015,000 $10,310,000 28.6% 17.8%
    The Huntington National Bank $7,050,000 $7,160,000 1.6% 12.4%
    MOVEMENT MORTGAGE, LLC $4,420,000 $5,480,000 24.0% 9.5%
    The United Federal Credit Union $220,000 $2,855,000 1,197.7% 4.9%
    Mortgage Research Center, LLC $1,375,000 $2,185,000 58.9% 3.8%
    VANDERBILT MORTGAGE AND FINANCE, INC. $2,170,000 $1,830,000 -15.7% 3.2%
    UNITED WHOLESALE MORTGAGE, LLC $145,000 $1,490,000 927.6% 2.6%
    NFM, INC. $930,000 $1,395,000 50.0% 2.4%
    HOME POINT FINANCIAL CORPORATION $315,000 $1,365,000 333.3% 2.4%
    USAA Federal Savings Bank $855,000 $1,330,000 55.6% 2.3%
    LOANDEPOT.COM, LLC $535,000 $1,150,000 115.0% 2.0%
    First Community Bank $510,000 $1,100,000 115.7% 1.9%
    The Grant County Bank $860,000 $925,000 7.6% 1.6%
    AMERISAVE MORTGAGE CORPORATION $125,000 $865,000 592.0% 1.5%
    First Federal Bank of the Midwest $485,000 $850,000 75.3% 1.5%
    Bank of America $145,000 $840,000 479.3% 1.5%
    NAVY FEDERAL CREDIT UNION $435,000 $820,000 88.5% 1.4%
    LAKEVIEW LOAN SERVICING, LLC $595,000 $800,000 34.5% 1.4%
    Clear Mountain Bank $775,000 n/a 1.3%
    PENNYMAC LOAN SERVICES, LLC $730,000 n/a 1.3%
    UBS Bank USA $725,000 n/a 1.3%
    U.S. Bank $175,000 $710,000 305.7% 1.2%
    JPMorgan Chase Bank $830,000 $670,000 -19.3% 1.2%
    FREEDOM MORTGAGE CORPORATION $1,310,000 $665,000 -49.2% 1.1%
    United Bank $245,000 $610,000 149.0% 1.1%
    Fulton Bank $525,000 n/a 0.9%
    Hometown Lenders, Inc. $455,000 n/a 0.8%
    Colonial Savings, F.A. $430,000 n/a 0.7%
    Truist Bank $760,000 $415,000 -45.4% 0.7%
    Wells Fargo Bank $390,000 $410,000 5.1% 0.7%
    Flagstar Bank, FSB $130,000 $400,000 207.7% 0.7%
    BETTER MORTGAGE CORPORATION $385,000 n/a 0.7%
    Jefferson Security Bank $385,000 n/a 0.7%
    CHURCHILL MORTGAGE CORPORATION $370,000 n/a 0.6%
    INTERCOASTAL MORTGAGE COMPANY $155,000 $370,000 138.7% 0.6%
    Fifth Third Bank $55,000 $350,000 536.4% 0.6%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $315,000 n/a 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $700,000 $305,000 -56.4% 0.5%
    First-Citizens Bank & Trust Company $205,000 $290,000 41.5% 0.5%
    AMERICAN FINANCIAL NETWORK, INC. $285,000 n/a 0.5%
    ROYAL UNITED MORTGAGE LLC $285,000 n/a 0.5%
    Integrity Home Mortgage Corp $265,000 n/a 0.5%
    WesBanco Bank, Inc. $265,000 n/a 0.5%
    SOUTHWEST STAGE FUNDING, LLC $115,000 $250,000 117.4% 0.4%
    Magnolia Bank $235,000 n/a 0.4%
    Sierra Pacific Mortgage Company, Inc. $850,000 $225,000 -73.5% 0.4%
    Nations Lending Corporation $125,000 $220,000 76.0% 0.4%
    Renasant Bank $460,000 $195,000 -57.6% 0.3%
    BROKER SOLUTIONS, INC. $185,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $85,000 $165,000 94.1% 0.3%
    CALIBER HOME LOANS, INC. $285,000 $155,000 -45.6% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $125,000 $155,000 24.0% 0.3%
    CMG MORTGAGE, INC. $145,000 n/a 0.3%
    EVERETT FINANCIAL, INC. $145,000 n/a 0.3%
    VILLAGE CAPITAL & INVESTMENT LLC $95,000 $145,000 52.6% 0.3%
    Citibank $135,000 n/a 0.2%
    City National Bank of West Virginia $545,000 $135,000 -75.2% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $125,000 n/a 0.2%
    Farm Credit of the Virginias, ACA $505,000 $115,000 -77.2% 0.2%
    First Home Bank $115,000 n/a 0.2%
    CHESSIE $105,000 n/a 0.2%
    Chicago Mortgage Solutions LLC $105,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $105,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $95,000 n/a 0.2%
    Community Bank $85,000 n/a 0.1%
    TIDEWATER MORTGAGE SERVICES, INC. $85,000 n/a 0.1%
    JUSTICE Federal Credit Union $75,000 n/a 0.1%
    AMERICAN HERITAGE FCU $65,000 n/a 0.1%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $55,000 n/a 0.1%
    Clay County Bank, Inc. $45,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $45,000 n/a 0.1%
    Gateway First Bank $595,000 $45,000 -92.4% 0.1%

    Elkins's top lender by overall market share is QUICKEN LOANS, LLC, with 17.8% market share. In second place, with 12.4%, is The Huntington National Bank, having originated $7,160,000 in loans. In third place, with 9.5%, is MOVEMENT MORTGAGE, LLC, having originated $5,480,000 in loans. In third place, with 4.9%, is The United Federal Credit Union, having originated $2,855,000 in loans. In third place, with 3.8%, is Mortgage Research Center, LLC, having originated $2,185,000 in loans.

    Elkins, WV Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 196 $29,900,000 $152,551
    Refi 104 $15,480,000 $148,846
    Cash Out Refi 68 $9,950,000 $146,324
    Home Improvement 14 $1,400,000 $100,000
    Other 5 $1,165,000 $233,000

    Elkins's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was Refi, with 104 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 151 $23,465,000 $155,397
    2.5-3% 141 $21,125,000 $149,823
    <2.5% 46 $8,040,000 $174,783
    Over 8% 16 $1,170,000 $73,125
    4-5% 11 $1,515,000 $137,727
    5-6% 5 $645,000 $129,000
    6-7% 5 $395,000 $79,000
    7-8% 3 $185,000 $61,667

    During 2021, Elkins's most frequently originated rate bucket was 3-4%, with 151 originations.

    Loan Sizing (Elkins, WV MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 200 $28,110,000 $140,550
    $100,000 or less 113 $8,205,000 $72,611
    $200k-400k 64 $16,720,000 $261,250
    $400k-600k 9 $4,135,000 $459,444
    $600k-1000k 1 $725,000 $725,000

    Elkins's loan sizing saw the bucket of loans from $100k-200k with 200 originations, totaling $28,110,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 187 $29,635,000 $158,476
    60-80% 109 $16,535,000 $151,697
    40-60% 40 $4,910,000 $122,750
    20-40% 20 $1,910,000 $95,500
    Over 100% 9 $1,915,000 $212,778
    Under 20% 4 $220,000 $55,000

    Elkins's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 187 originations, totaling $29,635,000 in origination value.

    Market Conditions (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 $135,000 (-17.9%) $173,512 (-6.2%) 0.00 131
    2018-02-01 $135,950 (-17.1%) $175,028 (-4.2%) 0.00 124
    2018-03-01 $155,800 (-4.9%) $187,018 (1.7%) 0.00 117
    2018-04-01 $160,000 (-1.2%) $193,492 (7.9%) 0.00 121
    2018-05-01 $159,900 (-1.9%) $188,905 (8.4%) 0.00 129
    2018-06-01 $149,999 (-5.9%) $187,299 (11.2%) 0.00 135
    2018-07-01 $160,500 (7.0%) $196,794 (17.3%) 0.00 137
    2018-08-01 $165,000 (12.7%) $198,883 (15.7%) 0.00 135
    2018-09-01 $174,999 (17.5%) $203,622 (17.6%) 0.00 130
    2018-10-01 $179,000 (19.3%) $199,823 (14.4%) 0.00 125
    2018-11-01 $169,900 (15.4%) $195,649 (11.5%) 0.00 119
    2018-12-01 $179,000 (28.0%) $200,173 (14.2%) 0.00 112
    2019-01-01 $179,900 (33.3%) $205,116 (18.2%) 0.00 104
    2019-02-01 $184,350 (35.6%) $212,911 (21.6%) 0.00 103
    2019-03-01 $177,757 (14.1%) $207,881 (11.2%) 0.00 105
    2019-04-01 $174,900 (9.3%) $207,065 (7.0%) 0.00 105
    2019-05-01 $174,950 (9.4%) $208,407 (10.3%) 0.00 109
    2019-06-01 $169,900 (13.3%) $201,741 (7.7%) 0.00 113
    2019-07-01 $164,450 (2.5%) $193,903 (-1.5%) 0.00 117
    2019-08-01 $165,100 (0.1%) $198,511 (-0.2%) 0.00 118
    2019-09-01 $163,050 (-6.8%) $196,226 (-3.6%) 0.00 118
    2019-10-01 $167,000 (-6.7%) $194,117 (-2.9%) 0.00 111
    2019-11-01 $154,999 (-8.8%) $195,209 (-0.2%) 0.00 102
    2019-12-01 $155,000 (-13.4%) $204,072 (2.0%) 0.00 87
    2020-01-01 $160,000 (-11.1%) $206,425 (0.6%) 0.00 78
    2020-02-01 $169,000 (-8.3%) $205,753 (-3.4%) 0.00 87
    2020-03-01 $169,900 (-4.4%) $212,538 (2.2%) 0.00 96
    2020-04-01 $176,950 (1.2%) $216,690 (4.7%) 0.00 91
    2020-05-01 $189,000 (8.0%) $232,257 (11.4%) 0.00 88
    2020-06-01 $189,450 (11.5%) $229,955 (14.0%) 0.00 92
    2020-07-01 $189,000 (14.9%) $223,898 (15.5%) 0.00 91
    2020-08-01 $189,900 (15.0%) $222,787 (12.2%) 0.00 71
    2020-09-01 $173,350 (6.3%) $199,943 (1.9%) 0.00 64
    2020-10-01 $159,900 (-4.3%) $199,446 (2.8%) 0.00 71
    2020-11-01 $174,900 (12.8%) $213,712 (9.5%) 0.00 63
    2020-12-01 $184,450 (19.0%) $219,043 (7.3%) 0.00 62
    2021-01-01 $189,900 (18.7%) $230,383 (11.6%) 0.00 54
    2021-02-01 $210,450 (24.5%) $239,520 (16.4%) 0.00 43
    2021-03-01 $192,200 (13.1%) $216,262 (1.8%) 0.00 39
    2021-04-01 $185,500 (4.8%) $201,628 (-7.0%) 0.00 39
    2021-05-01 $174,900 (-7.5%) $194,226 (-16.4%) 0.00 35
    2021-06-01 $172,400 (-9.0%) $196,281 (-14.6%) 0.00 36
    2021-07-01 $185,000 (-2.1%) $206,047 (-8.0%) 0.00 47
    2021-08-01 $170,950 (-10.0%) $203,596 (-8.6%) 0.00 50
    2021-09-01 $172,000 (-0.8%) $219,293 (9.7%) 0.00 52
    2021-10-01 $172,900 (8.1%) $213,298 (7.0%) 0.00 52
    2021-11-01 $182,000 (4.1%) $219,232 (2.6%) 0.00 46
    2021-12-01 $157,950 (-14.4%) $185,465 (-15.3%) 0.00 36
    2022-01-01 $149,900 (-21.1%) $186,124 (-19.2%) 0.00 34
    2022-02-01 $164,450 (-21.9%) $195,776 (-18.3%) 0.00 32
    2022-03-01 $174,900 (-9.0%) $211,361 (-2.3%) 0.00 23
    2022-04-01 $215,000 (15.9%) $227,100 (12.6%) 0.00 23
    2022-05-01 $207,050 (18.4%) $223,485 (15.1%) 0.00 27
    2022-06-01 $237,700 (37.9%) $267,881 (36.5%) 0.00 27
    Elkins's median listing price for 2022-06-01 was $237,700, a difference of $65,300 (37.9%) versus the prior year and $30,650 versus the prior month.

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

    Elkins's average listing price for 2022-06-01 was $267,881, a difference of $71,600 (36.5%) versus the prior year and $44,396 versus the prior month.

    For the 2022-06-01 period, Elkins had 27 MLS listings, a difference of 0 listings (0%) versus the prior month and -9 listings (-25%) 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 1,808 sqft
    2018-02-01 0 days 1,831 sqft
    2018-03-01 0 days 1,907 sqft
    2018-04-01 0 days 1,995 sqft
    2018-05-01 0 days 1,920 sqft
    2018-06-01 0 days 1,862 sqft
    2018-07-01 0 days 1,976 sqft
    2018-08-01 0 days 1,948 sqft
    2018-09-01 0 days 1,998 sqft
    2018-10-01 0 days 1,998 sqft
    2018-11-01 0 days 1,842 sqft
    2018-12-01 0 days 1,842 sqft
    2019-01-01 0 days 1,814 sqft
    2019-02-01 0 days 1,917 sqft
    2019-03-01 0 days 1,905 sqft
    2019-04-01 0 days 1,838 sqft
    2019-05-01 0 days 1,942 sqft
    2019-06-01 0 days 1,920 sqft
    2019-07-01 0 days 1,897 sqft
    2019-08-01 0 days 1,850 sqft
    2019-09-01 0 days 1,808 sqft
    2019-10-01 0 days 1,832 sqft
    2019-11-01 0 days 1,803 sqft
    2019-12-01 0 days 1,982 sqft
    2020-01-01 0 days 1,941 sqft
    2020-02-01 0 days 1,900 sqft
    2020-03-01 0 days 1,900 sqft
    2020-04-01 0 days 1,999 sqft
    2020-05-01 0 days 1,998 sqft
    2020-06-01 0 days 1,896 sqft
    2020-07-01 0 days 1,801 sqft
    2020-08-01 0 days 1,909 sqft
    2020-09-01 0 days 1,768 sqft
    2020-10-01 0 days 1,776 sqft
    2020-11-01 0 days 1,960 sqft
    2020-12-01 0 days 1,776 sqft
    2021-01-01 0 days 1,776 sqft
    2021-02-01 0 days 1,910 sqft
    2021-03-01 0 days 1,663 sqft
    2021-04-01 0 days 1,650 sqft
    2021-05-01 0 days 1,675 sqft
    2021-06-01 0 days 1,650 sqft
    2021-07-01 0 days 1,807 sqft
    2021-08-01 0 days 1,658 sqft
    2021-09-01 0 days 1,595 sqft
    2021-10-01 0 days 1,584 sqft
    2021-11-01 0 days 1,633 sqft
    2021-12-01 0 days 1,523 sqft
    2022-01-01 0 days 1,800 sqft
    2022-02-01 0 days 1,678 sqft
    2022-03-01 0 days 1,576 sqft
    2022-04-01 0 days 1,640 sqft
    2022-05-01 0 days 1,672 sqft
    2022-06-01 0 days 1,740 sqft
    Elkins's median listing age (time on market) for 2022-06-01 was 0 days.

    Elkins's median square footage for active listings during the 2022-06-01 period was 1,740 sqft. One year prior, the average listing was 1,650 sqft.