West Virginia

Current West Virginia Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in West Virginia. Review free, personalized mortgage rates for West Virginia based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in West Virginia. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates for West Virginia as of September 27, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's West Virginia Mortgage Rates Compare?

September 27, 2020

The current average rate for a 30 year fixed rate mortgage in West Virginia is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
West Virginia Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in West Virginia?

Below we offer valuable insights on the housing market and real estate prices in West Virginia. Understand how much you need to make to buy a house in West Virginia, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in West Virginia is affordable for you. We provide this helpful information to help you decide if living in West Virginia is right for you.

The median home value for West Virginia is $129,115

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in West Virginia is $23,237

With this income, you could qualify for a $116,203 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in West Virginia is $538

The median household income for West Virginia is $47,357

Based on this income, you can afford a home valued at approximately $263,132

The home price you can afford to buy based on household income in West Virginia is 204% of the median home value which means housing prices are super affordable. West Virginia ranks 2 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in West Virginia is super affordable


Additional Mortgage Resources for West Virginia Residents

Mortgage Rates for West Virginia Cities

Beckley Mortgage Rates

Charleston Mortgage Rates

Clarksburg Mortgage Rates

Huntington Mortgage Rates

Martinsburg Mortgage Rates

Morgantown Mortgage Rates

Parkersburg Mortgage Rates

Princeton Mortgage Rates