West Virginia VA Loan Rates, Closing Costs & Stats

West Virginia

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    West Virginia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in West Virginia averaged 6.46% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    West Virginia's average VA mortgage closing costs are $5,487.

    The average rate for the prior week (2024-04-05) was 6.4% and one month ago for the week of 2024-03-08, the average rate was 6.43%.

    The average rate one year ago was 6.03%.

    For refis of the same type during the week of 2024-04-12, the average rate was 7.36%.

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

    West Virginia VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 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
    Mortgage Research Center, LLC 488 6.80% $5,395
    QUICKEN LOANS, LLC 140 6.24% $9,632
    NAVY FEDERAL CREDIT UNION 92 5.92% $5,659
    MOVEMENT MORTGAGE, LLC 78 6.57% $7,385
    LOANDEPOT.COM, LLC 69 6.51% $8,985
    USAA Federal Savings Bank 58 6.34% $8,142
    PRIMELENDING, A PLAINSCAPITAL COMPANY 56 6.85% $5,886
    NVR Mortgage Finance, Inc. 53 5.72% $6,759
    Integrity Home Mortgage Corp 47 6.64% $12,459
    UNITED WHOLESALE MORTGAGE, LLC 46 6.38% $4,964
    PENNYMAC LOAN SERVICES, LLC 42 5.61% $7,606
    The Huntington National Bank 27 6.64% $6,543
    FREEDOM MORTGAGE CORPORATION 27 6.78% $13,963
    Barrington Bank & Trust Company, N.A. 25 6.52% $7,220
    DHI MORTGAGE COMPANY, LTD. 23 5.49% $8,638
    Truist 21 6.28% $5,992
    AMERISAVE MORTGAGE CORPORATION 18 6.17% $12,529
    U.S. Bank 18 6.28% $7,627
    VILLAGE CAPITAL MORTGAGE 18 6.44% $9,066
    EAGLE HOME MORTGAGE, LLC 17 6.28% $8,608
    Alcova Mortgage LLC 16 6.90% $6,407
    HOMESPIRE MORTGAGE CORPORATION 16 6.40% $6,745
    Prosperity Home Mortgage, LLC 16 5.79% $9,863
    Sierra Pacific Mortgage Company, Inc. 16 6.59% $10,483
    First Heritage Mortgage, LLC 15 6.06% $13,000
    The Federal Savings Bank 15 6.30% $15,868
    Mr. Cooper ( Nationstar Mortgage ) 15 6.23% $10,420
    CROSSCOUNTRY MORTGAGE, LLC 14 6.99% $7,964
    Gateway First Bank 14 6.92% $4,585
    WesBanco 13 5.94% $6,989
    UNION HOME MORTGAGE CORP. 12 6.73% $9,146
    PENTAGON FEDERAL CREDIT UNION 11 5.57% $6,252
    BROKER SOLUTIONS, INC. 11 6.86% $9,942
    CBM Mortgage, Inc. 11 6.63% $10,018
    LAKEVIEW LOAN SERVICING, LLC 10 6.41% $10,361
    MORTGAGE SOLUTIONS OF COLORADO, LLC 10 7.38% $3,979
    INTERCOASTAL MORTGAGE COMPANY 10 6.48% $8,237
    Wells Fargo Bank 10 5.91% $10,591
    GUARANTEED RATE, INC. 10 6.90% $6,712
    Atlantic Coast Mortgage, LLC 9 6.15% $10,931
    TIDEWATER MORTGAGE SERVICES, INC. 8 6.38% $11,549
    T2 FINANCIAL LLC 8 6.49% $4,853
    JPMorgan Chase Bank 8 6.72% $3,893
    Victorian Finance, LLC 8 6.91% $4,721
    GSF Mortgage Corporation 8 5.83% $7,537
    Flagstar Bank, FSB 8 6.77% $4,423
    First Federal Bank of the Midwest 7 5.57% $6,744
    MICHIGAN MUTUAL, INC. 7 6.11% $8,626
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.66% $5,806
    NEWREZ LLC 7 7.18% $10,991
    PLANET HOME LENDING, LLC 7 6.77% $12,268
    Paramount Residential Mortgage Group, Inc. 6 6.33% $11,314
    Waterstone Mortgage Corporation 6 6.35% $10,783
    NBKC BANK 5 5.75% $5,087
    FIRST HOME MORTGAGE CORPORATION 5 6.33% $8,436
    DAS Acquisition Company, LLC 5 6.77% $13,350
    Atlantic Union Bank 5 6.90% $5,543
    George Mason Mortgage, LLC 4 5.94% $11,030
    SUCCESS MORTGAGE PARTNERS, INC. 4 7.06% $9,314
    Nations Lending Corporation 4 7.50% $2,840
    United Bank 4 6.06% $5,053
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 4 6.31% $7,295
    POLARIS HOME FUNDING CORP. 4 7.31% $10,203
    LAND HOME FINANCIAL SERVICES, INC. 3 6.29% $9,854
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.42% $12,723
    EMBRACE HOME LOANS, INC. 3 5.91% $10,736
    ROYAL UNITED MORTGAGE LLC 3 6.67% $11,451
    GUARANTEED RATE AFFINITY, LLC 3 6.33% $7,858
    CALIBER HOME LOANS, INC. 3 6.58% $5,324
    Community First National Bank 3 7.38% $4,837
    Clear Mountain Bank 3 6.17% $8,406
    Plains Commerce Bank 2 5.88% $8,664
    GUILD MORTGAGE COMPANY 2 6.31% $11,465
    The Central Trust Bank 2 5.94% $9,276
    SUN WEST MORTGAGE COMPANY, INC. 2 7.00% $6,257
    American Mortgage & Equity Consultants, Inc. 2 7.44% $8,453
    BNC National Bank 2 5.63% $10,644
    AMERICAN FINANCING CORPORATION 2 6.31% $5,788
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.31% $13,125
    STOCKTON MORTGAGE CORPORATION 2 7.00% $8,297
    ZILLOW HOME LOANS, LLC 2 6.44% $3,526
    AMERICAN FINANCIAL NETWORK, INC. 2 6.38% $6,209
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.69% $10,355
    Blue Ridge Bank 2 6.69% $4,788
    MCLEAN MORTGAGE CORPORATION 2 5.44% $5,978
    CNB Bank Inc. 2 5.94% $12,924
    Equity Prime Mortgage LLC 2 7.19% $9,733
    Mid-Continent Funding, Inc. 2 6.19% $5,894
    Armed Forces Bank 2 6.00% $3,877
    Bank of America 2 6.81% $5,363
    Renasant Bank 2 6.00% $2,869
    Farmers and Merchants Trust Company of Chambersburg 2 6.38% $3,366
    CMG MORTGAGE, INC. 2 5.50% $4,551
    First National Bank of Pennsylvania 2 6.50% $4,197
    PNC Bank 2 7.25% $6,284
    Century Mortgage Company DBA Century Lending Company 1 5.63% $8,042
    DEVELOPER'S MORTGAGE COMPANY 1 6.63% $2,129
    Capital Bank 1 6.50% $11,557
    ENVOY MORTGAGE, LTD 1 5.75% $1,630
    EQUITY RESOURCES, INC. 1 6.50% $13,381
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $6,623
    First Federal Bank 1 5.75% $3,222
    First Horizon Bank 1 6.63% $9,496
    Fulton Bank 1 6.25% $16,406
    GoPrime Mortgage, Inc. 1 6.63% $8,082
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $6,512
    Magnolia Bank 1 6.25% $12,766
    MEMBER FIRST MORTGAGE, LLC 1 6.38% $4,651
    Meridian Bank Corporation 1 6.25% $20,632
    MILLENNIUM FINANCIAL GROUP, INC. 1 7.25% $10,146
    MORTGAGE ACCESS CORP. 1 5.63% $2,325
    M&T Bank 1 6.63% $19,524
    NETWORK CAPITAL FUNDING CORPORATION 1 5.25% $20,946
    NFM, INC. 1 6.13% $4,063
    North American Savings Bank, F.S.B. 1 5.75% $7,382
    NORWICH COMMERCIAL GROUP, INC. 1 5.75% $2,845
    Paramount Bank 1 7.00% $2,907
    PATRIOT 1 5.88% $10,701
    PREMIA MORTGAGE, LLC 1 6.63% $6,038
    Presidential Bank, FSB 1 6.75% $10,371
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $5,836
    Ameris Bank 1 6.25% $13,591
    Sandy Spring Bank 1 6.25% $3,764
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $20,921
    Shore United Bank 1 6.25% $9,619
    SIWELL, INC. 1 6.75% $8,622
    SUMMIT FUNDING, INC. 1 5.63% $2,483
    SWBC MORTGAGE CORPORATION 1 5.75% $0
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $11,429
    THRIVENT Federal Credit Union 1 7.25% $8,131
    AMERICAN INTERNET MORTGAGE, INC. 1 5.25% $5,245
    Univest Bank and Trust Co. 1 6.38% $9,762
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $7,494
    Vellum Mortgage, Inc. 1 6.75% $9,494
    CARDINAL FINANCIAL 1 6.25% $13,602
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $11,418

    The top West Virginia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 488 VA loans originated. Their average total fees are $5,395, which is $4,237 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee West Virginia VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,979), Gateway First Bank ($4,585), UNITED WHOLESALE MORTGAGE, LLC ($4,964), Mortgage Research Center, LLC ($5,395) and NAVY FEDERAL CREDIT UNION ($5,659).

    The lowest rate West Virginia VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.49%), PENTAGON FEDERAL CREDIT UNION (5.57%), PENNYMAC LOAN SERVICES, LLC (5.61%), NVR Mortgage Finance, Inc. (5.72%) and Prosperity Home Mortgage, LLC (5.79%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.