Do you want to relocate to the Mountain State? Other people are considering it, too. West Virginia has just under 900,000 housing units and a homeownership rate of about 73%, according to the U.S. Census Bureau’s 2018 American Community Survey.
The median housing value for West Virginia is $121,300, which is a little over half of the $229,700 national median value. In some areas of the state, you may be able to find even cheaper housing options.
What Are the Mortgage Rates in West Virginia?
The average interest rate for a 30-year fixed-rate conforming mortgage in West Virginia is 3.55%.
Home interest rates range from 3.13% to 4.75% in West Virginia.
U.S. News’ Best West Virginia Mortgage Lenders
Best lender for customer service.
A major financial institution serving homeowners nationwide, Bank of America has good customer satisfaction ratings. The bank has an A+ Better Business Bureau rating and a J.D. Power rating of four, which is better than most.
- Mortgage types offered: Conventional, VA, FHA, refinance, home equity
- Minimum FICO score: 620
- Maximum loan-to-value ratio: 100%
- Maximum debt-to-income ratio: 55%
- Loan amounts: Up to $5,000,000
- Total closing costs: Varies
- J.D. Power overall satisfaction rating: Four out of five