West Virginia VA Loan Rates, Closing Costs & Stats

West Virginia

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 -0.24% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

West Virginia's average VA mortgage closing costs are $5,254.

The average rate for the prior week (2023-11-17) was 6.91% and one month ago for the week of 2023-10-20, the average rate was 7.14%.

The average rate one year ago was 6.25%.

For refis of the same type during the week of 2023-11-24, the average rate was -0.95%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 552 4.99% $5,651
QUICKEN LOANS, LLC 232 4.26% $9,579
NAVY FEDERAL CREDIT UNION 128 3.85% $6,283
LOANDEPOT.COM, LLC 118 4.44% $8,915
USAA Federal Savings Bank 102 4.48% $6,546
MOVEMENT MORTGAGE, LLC 96 4.74% $4,727
PRIMELENDING, A PLAINSCAPITAL COMPANY 88 5.14% $6,328
FREEDOM MORTGAGE CORPORATION 84 4.32% $9,756
PENNYMAC LOAN SERVICES, LLC 74 3.40% $6,976
Integrity Home Mortgage Corp 56 5.02% $11,595
NVR Mortgage Finance, Inc. 48 4.12% $7,432
The Federal Savings Bank 38 4.47% $12,068
Gateway First Bank 33 5.06% $4,813
UNITED WHOLESALE MORTGAGE, LLC 32 4.40% $10,128
The Huntington National Bank 32 4.70% $4,453
Barrington Bank & Trust Company, N.A. 30 4.97% $6,779
Victorian Finance, LLC 27 5.03% $7,039
Sierra Pacific Mortgage Company, Inc. 26 4.86% $9,960
AMERISAVE MORTGAGE CORPORATION 25 4.13% $10,924
HOMESPIRE MORTGAGE CORPORATION 24 4.58% $8,700
UNION HOME MORTGAGE CORP. 24 3.74% $8,825
WesBanco 23 4.48% $5,919
Truist 22 4.24% $4,614
VILLAGE CAPITAL MORTGAGE 21 3.58% $7,293
Wells Fargo Bank 20 4.26% $5,653
EMBRACE HOME LOANS, INC. 20 4.44% $9,694
DHI MORTGAGE COMPANY, LTD. 19 4.18% $8,634
PENTAGON FEDERAL CREDIT UNION 19 3.43% $4,870
CALIBER HOME LOANS, INC. 18 4.76% $8,652
BROKER SOLUTIONS, INC. 18 5.04% $9,580
CROSSCOUNTRY MORTGAGE, LLC 18 5.44% $7,284
Mr. Cooper ( Nationstar Mortgage ) 17 4.84% $6,321
First Federal Bank of the Midwest 16 4.35% $9,213
INTERCOASTAL MORTGAGE COMPANY 13 4.52% $7,610
MCLEAN MORTGAGE CORPORATION 13 4.00% $5,192
Atlantic Coast Mortgage, LLC 13 4.68% $12,071
MORTGAGE SOLUTIONS OF COLORADO, LLC 13 5.70% $3,452
CBM Mortgage, Inc. 12 5.03% $11,224
EAGLE HOME MORTGAGE, LLC 12 4.77% $6,471
Hometown Lenders, Inc. 12 5.86% $8,785
FINANCE OF AMERICA MORTGAGE LLC 12 3.91% $12,093
CONTOUR MORTGAGE CORPORATION 12 4.93% $12,816
LAKEVIEW LOAN SERVICING, LLC 12 3.57% $3,062
FIRST HOME MORTGAGE CORPORATION 11 5.09% $14,007
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 5.03% $7,082
Magnolia Bank 10 4.38% $12,613
PNC Bank 10 4.36% $3,774
HOME POINT FINANCIAL CORPORATION 9 4.64% $7,572
Flagstar Bank, FSB 8 4.02% $7,581
George Mason Mortgage, LLC 8 4.86% $12,299
U.S. Bank 8 3.84% $5,486
DAS Acquisition Company, LLC 8 5.05% $13,558
GUILD MORTGAGE COMPANY 8 4.03% $6,149
Equity Prime Mortgage LLC 8 5.77% $8,778
PLANET HOME LENDING, LLC 7 4.68% $12,283
NEWREZ LLC 7 4.50% $8,862
TIDEWATER MORTGAGE SERVICES, INC. 7 5.16% $10,841
First Heritage Mortgage, LLC 7 4.25% $9,096
JPMorgan Chase Bank 6 4.25% $6,235
Mid-Continent Funding, Inc. 6 5.56% $7,918
Alcova Mortgage LLC 6 5.00% $3,144
North American Savings Bank, F.S.B. 6 4.35% $15,117
GUARANTEED RATE, INC. 6 5.50% $3,208
Carrington Mortgage Services, LLC 5 5.23% $7,983
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 5 5.08% $9,313
POLARIS HOME FUNDING CORP. 5 4.95% $6,208
Prosperity Home Mortgage, LLC 5 3.37% $9,150
Nations Lending Corporation 5 5.18% $11,512
Waterstone Mortgage Corporation 5 5.38% $18,434
Community First National Bank 4 5.03% $5,865
SECURITYNATIONAL MORTGAGE COMPANY 4 4.78% $12,880
AMERICAN FINANCING CORPORATION 4 4.12% $4,269
TJC Mortgage, Inc. 4 3.56% $12,028
Strong Home Mortgage, LLC 4 3.06% $7,692
LIBERTY HOME MORTGAGE CORPORATION 4 4.88% $10,917
NBKC BANK 3 3.71% $6,486
SIWELL, INC. 3 3.50% $7,611
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 4.83% $7,374
First Federal Bank 3 4.54% $6,568
Service Federal Credit Union 3 4.83% $2,565
Citizens Bank 3 4.75% $5,465
Low VA Rates, LLC 3 4.96% $13,045
CHURCHILL MORTGAGE CORPORATION 3 4.42% $12,242
CARDINAL FINANCIAL 3 4.88% $10,619
RUOFF MORTGAGE COMPANY, INC. 3 5.25% $4,094
BNC National Bank 3 3.79% $4,535
Northpointe Bank 3 3.50% $2,866
Armed Forces Bank 3 4.21% $9,138
NFM, INC. 3 4.67% $4,091
THE MORTGAGE LINK, INC. 2 4.00% $12,738
ACADEMY MORTGAGE CORPORATION 2 5.19% $6,794
AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $3,890
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.00% $9,448
Atlantic Union Bank 2 5.69% $1,640
Clear Mountain Bank 2 5.00% $3,941
CMG MORTGAGE, INC. 2 3.94% $12,856
EQUITY RESOURCES, INC. 2 5.63% $2,076
GSF Mortgage Corporation 2 6.88% $9,680
Meridian Bank Corporation 2 4.69% $4,529
MORTGAGE ACCESS CORP. 2 4.31% $4,328
M&T Bank 2 4.75% $15,430
MYCUMORTGAGE, LLC 2 4.31% $2,714
Paramount Residential Mortgage Group, Inc. 2 4.75% $4,794
PATRIOT 2 3.38% $11,377
Texana Bank 2 4.00% $8,766
Vellum Mortgage, Inc. 2 5.56% $12,437
Northwest Federal Credit Union 1 4.00% $2,955
NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $17,663
ROYAL UNITED MORTGAGE LLC 1 7.25% $12,973
MICHIGAN MUTUAL, INC. 1 5.63% $8,811
MEMBER FIRST MORTGAGE, LLC 1 4.88% $8,277
LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $3,375
First Horizon Bank 1 3.88% $9,450
SIRVA MORTGAGE, INC. 1 3.63% $12,691
First Guaranty Mortgage Corporation 1 4.00% $2,043
SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $3,928
Stride Bank 1 3.25% $9,945
FirstBank 1 2.75% $3,453
SWBC MORTGAGE CORPORATION 1 5.75% $1,988
T2 FINANCIAL LLC 1 6.25% $4,295
West Town Bank & Trust 1 4.38% $14,358
The Central Trust Bank 1 5.25% $5,238
Fifth Third Bank 1 6.75% $1,788
The Freedom Bank of Virginia 1 4.13% $16,577
EVERETT FINANCIAL, INC. 1 4.88% $1,893
1ST FINANCIAL, INC. 1 5.50% $13,688
EagleBank 1 6.38% $16,688
DIRECT MORTGAGE LOANS, LLC 1 4.25% $12,331
Towne Bank 1 4.75% $8,612
TOWNE MORTGAGE COMPANY 1 3.25% $2,449
DEVELOPER'S MORTGAGE COMPANY 1 3.25% $7,372
Century Mortgage Company DBA Century Lending Company 1 2.75% $6,068
United Bank 1 3.50% $3,709
Blue Ridge Bank 1 2.63% $10,020
BAY CAPITAL MORTGAGE CORPORATION 1 2.75% $14,772
ASHLAND Credit Union 1 6.13% $0
Wyndham Capital Mortgage, Inc. 1 3.13% $1,525
Ameris Bank 1 2.63% $5,005
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $7,118
AMERICAN INTERNET MORTGAGE, INC. 1 2.25% $10,720
AMERICAN ADVISORS GROUP 1 2.50% $6,434
1ST SIGNATURE LENDING, LLC 1 6.25% $4,794
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.25% $650
Presidential Bank, FSB 1 2.50% $8,858

The top West Virginia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 552 VA loans originated. Their average total fees are $5,651, which is $3,928 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee West Virginia VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($3,062), MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,452), PNC Bank ($3,774), The Huntington National Bank ($4,453) and Truist ($4,614).

The lowest rate West Virginia VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.40%), PENTAGON FEDERAL CREDIT UNION (3.43%), LAKEVIEW LOAN SERVICING, LLC (3.57%), VILLAGE CAPITAL MORTGAGE (3.58%) and UNION HOME MORTGAGE CORP. (3.74%).

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.