West Virginia USDA Loan Rates, Closing Costs & Stats

West Virginia

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    West Virginia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in West Virginia averaged 6.51% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    West Virginia's average USDA mortgage closing costs are $5,249.

    The average rate for the prior week (2024-04-12) was 6.77% and one month ago for the week of 2024-03-15, the average rate was 6.65%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.32%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    West Virginia USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the West Virginia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 82 6.87% $6,268
    Alcova Mortgage LLC 60 6.90% $3,909
    Integrity Home Mortgage Corp 52 6.57% $9,511
    PRIMELENDING, A PLAINSCAPITAL COMPANY 42 6.50% $6,904
    Atlantic Union Bank 35 6.68% $5,952
    Gateway First Bank 23 6.58% $5,070
    UNION HOME MORTGAGE CORP. 22 6.58% $6,703
    NVR Mortgage Finance, Inc. 22 5.56% $8,935
    Truist 21 5.67% $5,324
    HOMESPIRE MORTGAGE CORPORATION 19 6.20% $6,545
    UNITED WHOLESALE MORTGAGE, LLC 18 6.39% $7,791
    Sierra Pacific Mortgage Company, Inc. 18 6.58% $11,184
    C & F Mortgage Corporation 16 6.61% $6,290
    Flagstar Bank, FSB 15 6.56% $7,062
    Victorian Finance, LLC 13 6.73% $5,276
    POLARIS HOME FUNDING CORP. 13 6.62% $7,641
    CALIBER HOME LOANS, INC. 10 6.83% $5,769
    U.S. Bank 10 6.72% $5,640
    Paramount Residential Mortgage Group, Inc. 9 6.42% $6,904
    WesBanco 9 6.02% $5,657
    CBM Mortgage, Inc. 8 6.77% $8,978
    The Huntington National Bank 8 5.91% $4,635
    SUCCESS MORTGAGE PARTNERS, INC. 8 6.86% $6,451
    LOANDEPOT.COM, LLC 8 6.39% $6,784
    CROSSCOUNTRY MORTGAGE, LLC 7 6.86% $8,035
    T2 FINANCIAL LLC 7 6.48% $8,629
    Equity Prime Mortgage LLC 6 6.54% $5,637
    DAS Acquisition Company, LLC 6 6.85% $6,129
    GUARANTEED RATE, INC. 6 7.06% $5,770
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.58% $6,402
    Bank of England 5 6.45% $6,602
    FIRST HOME MORTGAGE CORPORATION 5 6.03% $10,287
    Waterstone Mortgage Corporation 5 6.50% $10,673
    PLANET HOME LENDING, LLC 4 6.53% $8,903
    BROKER SOLUTIONS, INC. 4 6.88% $10,266
    First Heritage Mortgage, LLC 4 5.70% $9,632
    EMBRACE HOME LOANS, INC. 4 6.21% $7,544
    TIDEWATER MORTGAGE SERVICES, INC. 4 6.72% $9,126
    George Mason Mortgage, LLC 4 5.90% $9,015
    INTERCOASTAL MORTGAGE COMPANY 4 6.50% $7,174
    GUARANTY HOME MORTGAGE CORPORATION 3 6.00% $6,350
    MILLENNIUM FINANCIAL GROUP, INC. 3 6.54% $7,692
    Peoples Bank 3 6.29% $5,632
    Atlantic Coast Mortgage, LLC 3 5.96% $9,155
    DHI MORTGAGE COMPANY, LTD. 3 5.79% $7,075
    United Bank 3 6.20% $4,059
    GSF Mortgage Corporation 3 6.50% $10,178
    NEWREZ LLC 3 7.38% $6,030
    First Federal Bank of the Midwest 3 5.33% $5,866
    GUARANTEED RATE AFFINITY, LLC 2 6.25% $9,193
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.75% $7,323
    GUILD MORTGAGE COMPANY 2 6.31% $8,862
    Blue Ridge Bank 2 6.50% $4,623
    MICHIGAN MUTUAL, INC. 2 5.63% $8,873
    Nations Lending Corporation 2 7.00% $3,060
    Mortgage Research Center, LLC 2 6.69% $4,447
    ROYAL UNITED MORTGAGE LLC 2 7.00% $5,206
    PNC Bank 2 6.81% $4,877
    PLAZA HOME MORTGAGE, INC. 2 7.63% $3,430
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $8,001
    First National Bank of Pennsylvania 1 6.00% $6,037
    First Reliance Bank 1 6.63% $4,399
    GoPrime Mortgage, Inc. 1 6.25% $3,640
    FIDELITY BANK 1 7.00% $6,024
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 6.25% $13,337
    LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $13,481
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $6,027
    MEMBER FIRST MORTGAGE, LLC 1 6.13% $4,476
    Meridian Bank Corporation 1 6.50% $6,478
    NFM, INC. 1 6.50% $7,131
    DEVELOPER'S MORTGAGE COMPANY 1 7.50% $2,151
    Clear Mountain Bank 1 5.88% $5,129
    CARDINAL FINANCIAL 1 5.25% $9,147
    Prosperity Home Mortgage, LLC 1 6.49% $4,773
    Renasant Bank 1 7.13% $4,007
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $8,450
    Shore United Bank 1 6.50% $8,639
    SOUTHERN TRUST MORTGAGE, LLC 1 7.00% $5,303
    STOCKTON MORTGAGE CORPORATION 1 6.25% $6,811
    Barrington Bank & Trust Company, N.A. 1 7.75% $5,784
    ACADEMY MORTGAGE CORPORATION 1 6.63% $9,389
    Towne Bank 1 5.63% $5,902
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $5,445
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $8,195
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $9,865
    Vellum Mortgage, Inc. 1 6.25% $8,975
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $6,217

    The top West Virginia USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 82 USDA loans originated. Their average total fees are $6,268, which is $2,359 higher than the next largest lender, Alcova Mortgage LLC.

    The lowest fee West Virginia USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($3,909), Gateway First Bank ($5,070), Victorian Finance, LLC ($5,276), Truist ($5,324) and U.S. Bank ($5,640).

    The lowest rate West Virginia USDA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. (5.56%), Truist (5.67%), HOMESPIRE MORTGAGE CORPORATION (6.20%), UNITED WHOLESALE MORTGAGE, LLC (6.39%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (6.50%).