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West Virginia Fixed Mortgage Rates

img West Virginia Average img National High img National Low img
Loan Type Base Rate APY Points Base Rate APY Points Base Rate APY Points
5.375 5.500 0.000 6.500 6.500 0.000 3.875 4.125 2.125
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4.625 4.766 1.250 6.625 6.500 0.125 3.750 4.000 1.625
4.625 4.500 0.125 6.125 6.125 0.125 3.375 3.625 1.500
4.250 4.493 1.250 6.125 6.125 0.000 3.250 3.750 1.625

West Virginia Adjustable Mortgage Rates

img West Virginia Average img National High img National Low img
Loan Type Base Rate APY Points Base Rate APY Points Base Rate APY Points
4.625 4.143 N/A 4.750 4.188 0.125 3.750 3.813 3.250
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3.938 3.559 N/A 6.875 5.000 0.125 2.750 3.125 2.500
3.625 3.412 1.000 6.375 4.500 0.125 2.375 3.125 2.375
4.375 3.521 1.250 6.125 4.250 0.000 2.500 3.250 1.000
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Mortgage Rates at 4.25%*

  • $150,000 loan for under $867/month
  • $225,000 loan for under $1,301/month
  • $350,000 loan for under $2,023/month
 

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National vs West Virginia 10/1 ARM Mortgage Monthly Payments

Loan Amount img West Virginia Average img National High img National Low img  
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$771.21                      $782.47                      $694.67                     
$874.04                      $886.80                      $787.30                     
$2,107.97                      $2,138.75                      $1,898.77                     

National vs West Virginia 30-yr. fixed Mortgage Monthly Payments

Loan Amount img West Virginia Average img National High img National Low img  
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$771.21                      $960.47                      $694.67                     
$874.04                      $1,088.53                      $787.30                     
$2,107.97                      $2,625.27                      $1,898.77                     

National vs West Virginia 15-yr. fixed Mortgage Monthly Payments

Loan Amount img West Virginia Average img National High img National Low img  
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$1,128.42                      $1,275.94                      $1,054.00                     
$1,278.87                      $1,446.06                      $1,194.54                     
$3,084.34                      $3,487.56                      $2,880.94                     

National vs West Virginia 5/1 ARM Mortgage Monthly Payments

Loan Amount img West Virginia Average img National High img National Low img  
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$684.08                      $935.80                      $582.98                     
$775.29                      $1,060.58                      $660.71                     
$1,869.81                      $2,557.87                      $1,593.48                     

National vs West Virginia 3/1 ARM Mortgage Monthly Payments

Loan Amount img West Virginia Average img National High img National Low img  
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$748.93                      $911.42                      $592.68                     
$848.78                      $1,032.94                      $671.71                     
$2,047.07                      $2,491.20                      $1,620.00                     
Source: West Virginia Housing Development Fund - Mar 31, 2009

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Average Rates

15-yr fixed*

4.25%

30-yr fixed*

4.625%

If you are looking to purchase a new home, or need to refinance your current mortgage, the West Virginia Housing Development Fund has a program to help:

Secondary Market Loan Program

  • Down Payment & Closing Cost Assistance
  • Mountaineer Mortgage Credit Certificate providing a reduction of federal income tax
  • American Dream Down Payment interest-free loan of $10,000 ( household income limits apply)
  • HOME interest-free loans of up to $40,000 (household income limits apply)

The Housing Development Fund also has a number of programs that encourage the development of rental units and single-family homes. Visit our Developer's section to view these programs.

Home Repairs: West Virginia

The programs and resources listed below help homeowners with home repairs and improvements.

  • Appalachia Service Project
  • Southern Appalachian Labor School
  • West Virginia Housing Development Fund
  • West Virginia Community Action Agencies
  • Community contacts - find out if your community offers home repair assistance.
U.S. Department of Housing and Urban Development VeriSign

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*Mortgage Rate of 4.25% is for qualified borrowers for a 10-year fixed rate mortgage to refinance an owner-occupied, one-unit, single family dwelling for a loan of $165,000 to $417,000 ($165,000 to $625,500 in Alaska and Hawaii). If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types. Not all service providers in our network offer this or other products with fixed rate options.

**This advertised rate is for qualified borrowers for to refinance an owner-occupied, one-unit, single family dwelling for a loan of $150,000, $225,000 or $350,000 with a interest only monthly payment of $867, $1301 or $2023. This is an interest only adjustable rate that is fixed for the first 12 months then is subject to increase no more than 1% every 6 months thereafter (until rate has caught up to fully indexed rate). To be eligible for this program borrower must meet applicable credit requirements, including a FICO score of at least 620. MortgageDebt.com is not acting as a lender or broker. The information provided by you to MortgageDebt.com is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender. If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types.

Last Updated: September 03, 2010