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 6.89% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.03% and one month ago for the week of 2024-05-02, the average rate was 7.22%.

Elkins's average rate one year ago was 6.79%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.59%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Elkins 30 Year Fixed Rate 2024-06-06 6.89%
Elkins 30 Year Fixed Rate Refi 2024-06-06 7.59%
Elkins 15 Year Fixed Rate 2024-06-06 6.19%
Elkins 15 Year Fixed Rate Refi 2024-06-06 6.39%
Elkins 30 Year FHA 2024-06-06 6.89%
Elkins 30 Year FHA Refi 2024-06-06 6.69%
Elkins 30 Year USDA 2024-06-06 6.9%
Elkins 30 Year USDA Refi 2024-06-06 6.7%
Elkins 30 Year VA 2024-06-06 6.49%
Elkins 30 Year VA Refi 2024-06-06 6.29%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 10 7.08% $7,174
The Huntington National Bank 8 6.34% $3,432
MOVEMENT MORTGAGE, LLC 6 7.24% $4,324
VANDERBILT MORTGAGE AND FINANCE, INC. 4 8.19% $4,963
UNITED WHOLESALE MORTGAGE, LLC 3 6.86% $5,068
The United Federal Credit Union 3 4.00% $2,800
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.31% $5,308
JPMorgan Chase Bank 1 8.13% $5,359
LOANDEPOT.COM, LLC 1 6.38% $3,153
NEWREZ LLC 1 7.88% $6,423
Northpointe Bank 1 8.00% $3,726
Summit Community Bank, Inc. 1 6.69% $3,610
Truist 1 7.13% $8,599
U.S. Bank 1 5.88% $3,351
AMERICAN FINANCING CORPORATION 1 6.38% $6,186
WesBanco 1 5.32% $4,166
American Mortgage & Equity Consultants, Inc. 1 6.88% $7,427
CHURCHILL MORTGAGE CORPORATION 1 7.50% $5,728
City National Bank of West Virginia 1 5.85% $2,394
Clear Mountain Bank 1 6.88% $3,846
GUARANTEED RATE, INC. 1 6.88% $4,889
INTERCOASTAL MORTGAGE COMPANY 1 5.98% $6,312

Elkins Average Closing Costs & Other Stats

Elkins, WV's 22 lenders originated 187 loans during 2023. The total origination value was $45,315,000, with an average loan value of $242,326.

Elkins's average closing costs are $4,632.

The top Elkins lender as defined by loan originations is QUICKEN LOANS, LLC, with 10 loans originated. Their average total fees are $7,174, which is $3,741 higher than the next largest lender, The Huntington National Bank.

The lowest fee Elkins lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($7,174), .

The lowest rate Elkins lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (7.08%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Barings Multifamily Capital $16,205,000 n/a 35.8%
The Huntington National Bank $5,895,000 $4,175,000 -29.2% 9.2%
QUICKEN LOANS, LLC $4,735,000 $3,850,000 -18.7% 8.5%
MOVEMENT MORTGAGE, LLC $3,590,000 $2,285,000 -36.4% 5.0%
Presidential Bank, FSB $1,995,000 n/a 4.4%
Mortgage Research Center, LLC $1,080,000 $1,920,000 77.8% 4.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,165,000 $1,900,000 63.1% 4.2%
The United Federal Credit Union $2,915,000 $1,895,000 -35.0% 4.2%
UNITED WHOLESALE MORTGAGE, LLC $495,000 $1,555,000 214.1% 3.4%
The Grant County Bank $1,965,000 $1,015,000 -48.3% 2.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $550,000 $595,000 8.2% 1.3%
Clear Mountain Bank $135,000 $505,000 274.1% 1.1%
City National Bank of West Virginia $540,000 $430,000 -20.4% 0.9%
INTERCOASTAL MORTGAGE COMPANY $635,000 $395,000 -37.8% 0.9%
PENNYMAC LOAN SERVICES, LLC $85,000 $390,000 358.8% 0.9%
Truist $835,000 $380,000 -54.5% 0.8%
Flagstar Bank, FSB $430,000 $345,000 -19.8% 0.8%
North American Savings Bank, F.S.B. $345,000 n/a 0.8%
LOANDEPOT.COM, LLC $1,495,000 $340,000 -77.3% 0.8%
First Federal Bank of the Midwest $850,000 $325,000 -61.8% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $310,000 n/a 0.7%
Summit Community Bank, Inc. $260,000 n/a 0.6%
U.S. Bank $255,000 n/a 0.6%
Northpointe Bank $245,000 n/a 0.5%
First Community Bank $400,000 $235,000 -41.3% 0.5%
NFM, INC. $755,000 $230,000 -69.5% 0.5%
American Mortgage & Equity Consultants, Inc. $225,000 n/a 0.5%
WesBanco $210,000 n/a 0.5%
LIBERTY HOME MORTGAGE CORPORATION $205,000 n/a 0.5%
TIDEWATER MORTGAGE SERVICES, INC. $175,000 n/a 0.4%
NAVY FEDERAL CREDIT UNION $825,000 $165,000 -80.0% 0.4%
NEWREZ LLC $165,000 n/a 0.4%
EVERETT FINANCIAL, INC. $480,000 $145,000 -69.8% 0.3%
ROYAL UNITED MORTGAGE LLC $95,000 $145,000 52.6% 0.3%
DAS Acquisition Company, LLC $135,000 n/a 0.3%
GUARANTEED RATE, INC. $325,000 $135,000 -58.5% 0.3%
USAA Federal Savings Bank $1,375,000 $125,000 -90.9% 0.3%
JPMorgan Chase Bank $620,000 $105,000 -83.1% 0.2%
Paramount Residential Mortgage Group, Inc. $105,000 n/a 0.2%
21ST MORTGAGE CORPORATION $115,000 $95,000 -17.4% 0.2%
AMERICAN FINANCING CORPORATION $95,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $95,000 n/a 0.2%
PENTAGON FEDERAL CREDIT UNION $95,000 n/a 0.2%
BROKER SOLUTIONS, INC. $75,000 n/a 0.2%
PNC Bank $405,000 $65,000 -84.0% 0.1%
Discover Bank $55,000 n/a 0.1%
ASHLAND Credit Union $45,000 n/a 0.1%
Carrington Mortgage Services, LLC $45,000 n/a 0.1%
Service Federal Credit Union $45,000 n/a 0.1%

Elkins's top lender by overall market share is Barings Multifamily Capital, with 35.8% market share. In second place, with 9.2%, is The Huntington National Bank, having originated $4,175,000 in loans. In third place, with 8.5%, is QUICKEN LOANS, LLC, having originated $3,850,000 in loans. In fourth place, with 5.0%, is MOVEMENT MORTGAGE, LLC, having originated $2,285,000 in loans. In fifth place, with 4.4%, is Presidential Bank, FSB, having originated $1,995,000 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 $134,925 (-17.5%) $172,143 (-6.3%) 0.00 129
2018-02-01 $135,450 (-17.0%) $173,362 (-4.0%) 0.00 122
2018-03-01 $149,500 (-7.6%) $185,205 (1.2%) 0.00 115
2018-04-01 $159,725 (-0.8%) $192,337 (8.8%) 0.00 121
2018-05-01 $159,000 (-1.3%) $188,200 (8.9%) 0.00 128
2018-06-01 $149,950 (-4.7%) $186,614 (11.7%) 0.00 134
2018-07-01 $160,000 (7.4%) $195,744 (17.5%) 0.00 135
2018-08-01 $165,975 (12.9%) $199,607 (16.0%) 0.00 133
2018-09-01 $174,999 (18.6%) $203,814 (18.3%) 0.00 127
2018-10-01 $179,000 (19.8%) $201,110 (16.7%) 0.00 123
2018-11-01 $173,650 (21.0%) $196,671 (13.1%) 0.00 118
2018-12-01 $179,000 (28.8%) $200,288 (15.0%) 0.00 112
2019-01-01 $179,675 (33.2%) $204,485 (18.8%) 0.00 106
2019-02-01 $180,975 (33.6%) $208,085 (20.0%) 0.00 104
2019-03-01 $175,357 (17.3%) $204,152 (10.2%) 0.00 106
2019-04-01 $170,582 (6.8%) $202,425 (5.3%) 0.00 107
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 (-1.4%) 0.00 116
2019-08-01 $167,882 (1.2%) $197,598 (-1.0%) 0.00 115
2019-09-01 $166,655 (-4.8%) $194,703 (-4.5%) 0.00 114
2019-10-01 $165,836 (-7.4%) $192,773 (-4.2%) 0.00 110
2019-11-01 $152,500 (-12.2%) $196,175 (-0.3%) 0.00 101
2019-12-01 $151,250 (-15.5%) $197,058 (-1.6%) 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 (-3.5%) $203,058 (-0.5%) 0.00 95
2020-04-01 $172,400 (1.1%) $205,755 (1.7%) 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 $166,725 (-20.8%) $200,276 (-16.5%) 0.00 32
2022-03-01 $172,225 (-10.4%) $204,863 (-5.6%) 0.00 22
2022-04-01 $205,000 (11.4%) $224,042 (12.4%) 0.00 22
2022-05-01 $200,525 (14.7%) $225,641 (18.9%) 0.00 29
2022-06-01 $238,850 (41.8%) $270,211 (38.1%) 0.00 29
2022-07-01 $219,900 (18.3%) $265,747 (28.9%) 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 $192,475 (13.9%) $249,528 (30.6%) 0.00 28
2023-02-01 $209,925 (25.9%) $238,904 (19.3%) 0.00 29
2023-03-01 $191,675 (11.3%) $226,040 (10.3%) 0.00 30
2023-04-01 $199,999 (-2.4%) $237,300 (5.9%) 0.00 18
2023-05-01 $211,250 (5.4%) $249,647 (10.6%) 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 (24.6%) 0.00 27
2023-08-01 $224,450 (-0.6%) $296,451 (0.7%) 0.00 33
2023-09-01 $219,500 (5.8%) $290,922 (1.7%) 0.00 34
2023-10-01 $239,500 (16.8%) $278,300 (7.3%) 0.00 44
2023-11-01 $224,900 (12.5%) $278,163 (11.5%) 0.00 44
2023-12-01 $239,999 (20.0%) $298,190 (15.9%) 0.00 38
2024-01-01 $219,900 (14.3%) $261,339 (4.7%) 0.00 39
2024-02-01 $218,900 (4.3%) $273,190 (14.4%) 0.00 33
2024-03-01 $215,900 (12.6%) $275,744 (22.0%) 0.00 35
2024-04-01 $219,925 (10.0%) $270,094 (13.8%) 0.00 34
2024-05-01 $202,400 (-4.2%) $261,086 (4.6%) 0.00 38
Elkins's median listing price for 2024-05-01 was $202,400, a difference of $-8,850 (-4.2%) versus the prior year and $-17,525 versus the prior month.

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

Elkins's average listing price for 2024-05-01 was $261,086, a difference of $11,439 (4.6%) versus the prior year and $-9,008 versus the prior month.

For the 2024-05-01 period, Elkins had 38 MLS listings, a difference of 4 listings (12%) versus the prior month and 14 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 1,814 sqft
2018-02-01 0 days 1,825 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 1,842 sqft
2019-01-01 0 days 1,838 sqft
2019-02-01 0 days 1,884 sqft
2019-03-01 0 days 1,902 sqft
2019-04-01 0 days 1,810 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 1,625 sqft
2022-03-01 0 days 1,566 sqft
2022-04-01 0 days 1,604 sqft
2022-05-01 0 days 1,658 sqft
2022-06-01 0 days 1,739 sqft
2022-07-01 0 days 1,903 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 1,712 sqft
2023-02-01 0 days 1,739 sqft
2023-03-01 0 days 1,828 sqft
2023-04-01 0 days 1,769 sqft
2023-05-01 0 days 1,972 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 2,055 sqft
2023-10-01 0 days 1,949 sqft
2023-11-01 0 days 1,817 sqft
2023-12-01 0 days 1,848 sqft
2024-01-01 0 days 1,840 sqft
2024-02-01 0 days 1,774 sqft
2024-03-01 0 days 1,716 sqft
2024-04-01 0 days 1,685 sqft
2024-05-01 0 days 1,783 sqft
Elkins's median listing age (time on market) for 2024-05-01 was 0 days.

Elkins's median square footage for active listings during the 2024-05-01 period was 1,783 sqft. One year prior, the average listing was 1,972 sqft.

Elkins, WV Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 107 $19,115,000 $178,645
Cash Out Refi 36 $4,820,000 $133,889
Other 19 $2,665,000 $140,263
Refi 15 $18,155,000 $1,210,333
Home Improvement 10 $560,000 $56,000

Elkins's most frequently cited loan purpose was Home Purchase, with 107 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% 50 $9,180,000 $183,600
7-8% 47 $7,975,000 $169,681
Over 8% 43 $3,995,000 $92,907
5-6% 29 $21,025,000 $725,000
3-4% 5 $1,315,000 $263,000
4-5% 4 $500,000 $125,000
<2.5% 1 $5,000 $5,000
2.5-3% 1 $305,000 $305,000

During 2023, Elkins's most frequently originated rate bucket was 6-7%, with 50 originations.

Loan Sizing (Elkins, WV MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 92 $13,070,000 $142,065
$100,000 or less 57 $3,685,000 $64,649
$200k-400k 34 $9,070,000 $266,765
$Over $1MM 2 $18,200,000 $9,100,000
$400k-600k 1 $555,000 $555,000
$600k-1000k 1 $735,000 $735,000

Elkins's loan sizing saw the bucket of loans from $100k-200k with 92 originations, totaling $13,070,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 89 $14,395,000 $161,742
60-80% 34 $24,470,000 $719,706
40-60% 24 $2,780,000 $115,833
20-40% 23 $1,815,000 $78,913
Under 20% 8 $420,000 $52,500
Over 100% 2 $420,000 $210,000

Elkins's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 89 originations, totaling $14,395,000 in origination value.