Buying a home in West Virginia could be easier with today’s mortgage rates.
West Virginia Mortgage Rates –
The table below shows today’s home purchase mortgage rates for West Virginia, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.21% | 7.26% | 7.31% | |
| West Virginia | 7.22% | 7.27% | 7.32% | |
| Credit Unions | 6.82% | 6.87% | 7.02% | 8.6/10 |
| Online lenders | 6.92% | 6.97% | 7.12% | 7.9/10 |
| Banks | 7.22% | 7.27% | 7.32% | 7.2/10 |
| 30 year fixed | 7.22% | 7.27% | 7.32% | |
| 30 year fixed FHA | 6.89% | 6.94% | 6.99% | |
| 30 year fixed VA | 7.00% | 7.05% | 7.10% | |
| 30 year fixed Jumbo | 7.45% | 7.83% | 8.02% | |
| 20 year fixed | 5.94% | 5.99% | 6.04% | |
| 15 year fixed | 6.73% | 6.78% | 6.83% | |
| 10 year fixed | 5.52% | 5.57% | 5.62% | |
| 3 year ARM | 4.87% | 4.92% | 4.97% | |
| 5 year ARM | 7.01% | 7.06% | 7.11% | |
| 7 year ARM | 6.04% | 6.09% | 6.14% | |
| 10 year ARM | 7.20% | 7.25% | 7.30% | |
| Satisfaction | 8.3/10 | 7.7/10 | 7.5/10 |
Source: MFP’s Community Home Purchase Rates Survey from local members in the last 30 days.
How West Virginia Compares to National Averages
- West Virginia mortgage rates (7.22% for best credit scores) are in line with national averages (national average: 7.21%).
- Credit unions are more competitive: In West Virginia, credit unions offer 6.82%, banks 7.22%, online lenders 6.92%.
Mortgage Options in West Virginia
- 30 year fixed: 7.22% - most popular long-term option for predictable payments
- 20 year fixed: 5.94% - balance between payment size and interest savings
- 15 year fixed: 6.73% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.52% - shortest fixed-term option with competitive rates
- 10 year variable: 4.87% - Offers a longer initial period with a variable rate...
- 7 year variable: 7.01% - A mid-term variable option...
- 5 year variable: 6.04% - Shorter-term variable mortgage...
- 3 year variable: 7.20% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
West Virginia Cities Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Charleston | 6.23% | 5.80% |
| Huntington | 6.26% | 5.83% |
| Morgantown | 6.24% | 5.81% |
| Parkersburg | 6.27% | 5.84% |
| Wheeling | 6.28% | 5.85% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
West Virginia Best Mortgage Lenders
See which West Virginia lenders are most recommended for a home mortgage by community members surveys in the State and in its main metro areas.
FAQs – West Virginia Mortgage Rates
Are home purchase rates higher in West Virginia than the U.S. average?
No, West Virginia mortgage rates are currently below the national average.
What credit score is best for buying a home in West Virginia?
A credit score of 720 or higher typically secures the most favorable mortgage rates in West Virginia.
Is it better to choose a fixed-rate or ARM in West Virginia?
Fixed-rate mortgages are generally recommended for long-term stability in West Virginia’s housing market.
More Info for West Virginia Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
First-Time Home Buyer: Guide for West Virginia first home buyers.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in West Virginia: Community rated lenders by city.
West Virginia Home Insurance Cost: Average premiums and top rated local insurers.
Homeowner Resources & Grants: Grants and assistance programs nationwide.