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 -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.