Compare Current Beckley, West Virginia Mortgage Rates

Compare Beckley, WV mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Beckley.

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

Beckley, WV Mortgage Rates as of June 25, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Beckley, WV Mortgage Rates

June 25, 2022

Current mortgage rates in Beckley, WV are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Beckley, WV Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Beckley, West Virginia?

Below we provide helpful information on the real estate market, home prices and housing affordability in Beckley. Understand how much you need to earn to afford a home in Beckley, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Beckley fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Beckley is right for you.

The median home value for Beckley, WV (Raleigh County) is $120,836

Based on current mortgage rates and a 10% down payment, you need to make $19,798 per year to buy the median priced home in Beckley

With this income, you could qualify for a $108,752 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 Beckley is $458

The median household income for Beckley, WV (Raleigh County) is $50,304

Based on this income, you can afford a home valued at approximately $307,019

The home price you can afford to buy based on household income in Beckley is 254% of the median home value which means housing prices are affordable. Beckley (Raleigh County) ranks 17 out of 55 counties in West Virginia and 761 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Beckley, WV is affordable


Loan Limits for Beckley, West Virginia

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Beckley (Raleigh County) below.

Conforming loan limits for Beckley, WV

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Beckley, WV

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Beckley, WV

1 unit: $647,200

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