Best Mortgage Lenders in West Virginia in 2019

If you're settling down in West Virginia, you'll need a good mortgage lender to finance your new home. We've spent hours comparing dozens of lenders across West Virginia, from Williamson to Morgantown, to distill the information that matters most to you. Read about the best lenders in the Mountain State by reading our lender reviews below.

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The Best Rates Among West Virginia Mortgage Lenders

If you're searching for a lender with low rates, the mortgage lenders below offer some of the most competitive rates in West Virginia. However, choosing a mortgage company just based on rates may not be the best decision, as your mortgage involves more than just a monthly payment. Other factors to consider include fees, loan product availability and resources the lender offers, such as guides and knowledgeable loan officers. To help you find a mortgage company with more than just low rates, we identified the best lenders for common types of homebuyers in West Virginia below.

Best Mortgage Lender for First-Time Homebuyers: Quicken Loans

Consider this if you're looking to finance your first home with a reliable mortgage lender.

Quicken Loans is our top recommendation for first-time homebuyers in West Virginia thanks to its focus on customer support and transparency. On top of this, it has multiple mortgage options for first-time homebuyers to consider, including its own loan type where you can pick your fixed term.

First-Time Purchase Mortgages in West Virginia

LenderRateAPRMonthly PaymentDown Payment
Wells Fargo4.63%5.19%$1,0993.0%
Quicken Loans4.75%5.52%$1,3343.0%
Chase4.75%5.64%$1,3683.0%
Bank of America4.25%4.82%$1,0285.0%

Estimates are for a $200,000 loan amount with minimum down payment and 740 credit score.

Quicken Loans doesn't have the most competitive mortgage rates and monthly payments, but many homebuyers continue to choose the lender for the variety of loans it offers. The company provides FHA, fixed-rate, adjustable-rate and Yourgage loans for first-time homebuyers, which require as little as 3% down.

Quicken Loans has consistently ranked on top for mortgage originations and servicing based on J.D. Power's mortgage surveys. The lender also services 99% of its loans to continue providing good support for its customers over the life of the loans. Buying your first home can be a long and confusing process, which is why it helps to have an experienced mortgage lender that offers exceptional customer service.

Best Online Mortgage Lender: J.G. Wentworth

Consider this if you need low mortgage rates from a convenient online lender.

J.G. Wentworth ranked as the best online mortgage lender for homebuyers in West Virginia due to its low mortgage rates and comprehensive website. The company is generally known for purchasing structured settlements but has made a name for itself in online mortgage lending.

J.G. Wentworth Mortgage Loans

Loan TypeRateAPRMonthly P+I
30 Year Fixed4.75%4.79%$835
30 Year VA Loan4.38%4.60%$799
15 Year Fixed4.25%4.32%$1,204
5/1 ARM4.63%4.96%$823

Estimates are for a $200,000 purchase loan with 20% down payment and 740 credit score. The APR and monthly costs for ARMs can increase based on changes in the index rate.

Compared with other online mortgage lenders, J.G. Wentworth offered some of the lowest rates while still providing reputable service for borrowers in West Virginia. The company allows you to obtain rate estimates within less than a minute for various mortgage types you'd be able to qualify for based on your housing costs, down payment and credit score.

The slight drawback for those who want a completely online experience is that homebuyers will still have to contact a J.G. Wentworth home loan specialist if they want to apply for a loan. However, you are able to track the progress of your mortgage through the lender's website and app at any time.

Best Lender for In-Person Service in West Virginia: BB&T

Consider this if you'd prefer to use a mortgage lender that you can access in West Virginia.

With over 68 branches throughout West Virginia, BB&T is the most accessible lender for homebuyers in the state. Many borrowers would rather go through the mortgage process with loan officers experienced in financing homes in their area, which BB&T is able to provide.

Mortgage Products at BB&T

Loan TypeRateAPRMonthly Payment
30 Year Fixed4.50%4.60%$811
15 Year Fixed5.25%5.38%$1,286
VA 30 Year Fixed4.38%4.44%$799

Estimates are for a $200,000 purchase loan with a 20% down payment and 750 credit score

According to mortgage data gathered by S&P Global, BB&T originates a significant number of mortgages in West Virginia, which is most likely due to it having the most branches out of any large bank in the state. It is a convenient mortgage lender for West Virginians that prefer to speak face-to-face with a loan officer for guidance and if any issues arise.

BB&T doesn't allow in-depth customization of rate estimates on its site but does offer competitive rates if you have a credit score of 750 or more. To get a more accurate picture of the rates you'd qualify for, you can request an official loan estimate before choosing a loan by meeting with or contacting a loan officer from BB&T.

Best Lender for a VA Home Loan: Navy Federal Credit Union

Consider this if you need a VA loan from a lender with affordable mortgage rates.

Veterans and active servicemembers in West Virginia have access to a few different lender options when looking for a VA loan. However, Navy Federal Credit Union came out on top with its low rates and monthly payments while still offering 0% down and helpful resources for borrowers.

Best VA Lenders in West Virginia

LenderMortgage RateAPRMonthly P+IEstimated Points and Fees
Navy Federal3.88%4.21%$1,058$11,081
J.G. Wentworth4.13%4.34%$1,090$8,220
USAA4.50%4.74%$1,140$9,956
Wells Fargo4.25%4.51%$1,130$9,918 (includes closing costs)

Fixed-rate estimates are for a 30-year VA loan of $225,000 with 0% down payment, 3.30% VA funding fee and credit score of 740.

Navy Federal Credit Union provided some of the most competitive rates for VA loans compared with the other lenders we evaluated. As a credit union, Navy Federal is able to offer lower rates as profits are either paid out to members as dividends or reinvested into its programs. One of the programs the lender offers is called RealtyPlus, where you can access real estate agents experienced in finding home for veterans. If you use the program, you can receive up to $5,050 in cash back rewards based on the purchase price of your home.

Madison Miller

Madison is a former Research Analyst at ValuePenguin who focused on student loans and personal loans. She graduated from the University of Rochester with a B.A. in Financial Economics with a double minor in Business and Psychology.

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