West Virginia USDA Loan Rates, Closing Costs & Stats

West Virginia

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 6.28% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.6% and one month ago for the week of 2024-06-14, the average rate was 6.34%.

The average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-07-19, the average rate was 7.08%.

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%).