Mortgage Calculator WV

Mortgage Calculator WV: Empower your West Virginia real estate endeavors with the precision of this indispensable tool. Designed specifically for the nuances of the state, the mortgage calculator WV provides accurate insights into your financial landscape.

5%

1%

5%

1421

Monthly Payment

Principal & Interest 1421

Monthly Taxes 1421

Monthly HOA 1421

Monthly Insurance 1421

 Whether you're a prospective homebuyer or contemplating refinancing options, the comprehensive functionality of the mortgage calculator West Virginia ensures you're equipped to make well-informed decisions.

Delve into your potential monthly payments, project interest costs, and navigate various scenarios with the user-friendly interface of the mortgage calculator for WV. Elevate your financial planning with the aid of the all-encompassing capabilities offered by the west Virginia mortgage calculator.

Mortgage Calculator WV

Current Mortgage Rates In West Virginia

As of August 11, 2023, current mortgage rates in West Virginia reflect a dynamic landscape for potential homebuyers:

  • 30-year fixed mortgage: 5.62%
  • 15-year fixed mortgage: 5.07%
  • 5-year adjustable-rate mortgage (ARM): 4.47%
  • 7-year ARM: 4.67%

These figures are subject to daily shifts, underscoring the significance of obtaining a West Virginia mortgage rates update from your lender before embarking on your homebuying journey.

To gain further insights into your potential financial commitment, you can utilize a mortgage calculator to estimate your monthly payments based on varying WV mortgage interest rates and loan terms.

It's important to acknowledge that your eligibility for specific rates hinges on a range of factors, including:

  • Your credit score
  • The amount of your down payment
  • The type of mortgage you opt for
  • The geographical location of the property
  • The prevailing market conditions

With an awareness of current mortgage interest rates in WV, you're better equipped to make informed decisions, ensuring a confident and seamless transition into the realm of homeownership.

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Average Mortgage Payment In WV:

The average mortgage payment in West Virginia is $1,287 for a 30-year fixed mortgage with a 20% down payment. This is based on current interest rates and home prices in West Virginia.

House Payment Calculator WV: 

A house payment calculator is a tool that can be used to estimate your monthly mortgage payment, including principal, interest, taxes, and insurance. You can use a house payment calculator to compare different mortgage options and see how different interest rates and loan terms will affect your monthly payment.

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Closing Cost Calculator West Virginia: 

A closing cost calculator is a tool that can be used to estimate the closing costs associated with buying a home. Closing costs typically range from 2-5% of the purchase price of the home. They include fees for things like title insurance, appraisal, and recording. You can use a closing cost calculator to get an idea of how much you will need to budget for closing costs when you buy a home. [Mortgage Calculator WV]

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First Time Home Buyer WV Calculator:

A first time home buyer WV calculator is a tool that can be used to estimate the benefits available to first time home buyers in West Virginia. These benefits can include down payment assistance, mortgage interest tax credits, and property tax breaks. You can use a first time home buyer WV calculator to see if you qualify for any of these benefits. [Mortgage Calculator WV]

West Virginia Mortgage Lenders

  1. Guaranteed Rate
  2. Quicken Loans
  3. Rocket Mortgage
  4. Navy Federal Credit Union
  5. USAA
  6. First Horizon Home Loans
  7. PNC Mortgage
  8. Bank of America
  9. Wells Fargo
  10. SunTrust Mortgage

West Virginia First Time Home Buyer Grants

Homeownership Program: This program offers grants of up to $7,500 to first-time home buyers who purchase a home in a targeted county. The home must be appraised at less than $250,000 and the buyer must have a minimum credit score of 620.


Movin' Up Program: This program offers grants of up to $5,000 to first-time home buyers who purchase a home with a loan-to-value ratio of less than 90%. The home must be appraised at less than $200,000 and the buyer must have a minimum credit score of 640.


Down Payment Assistance Grant: This program offers grants of up to $10,000 to first-time home buyers who purchase a home in a targeted county. The home must be appraised at less than $300,000 and the buyer must have a minimum credit score of 620. [Mortgage Calculator WV]

Mortgage Calculator WV-FAQs:

How much is a down payment on a house in WV?

The minimum down payment on a house in WV is 3% for conventional loans and 3.5% for FHA loans.

What is the average monthly house payment in WV?

The average monthly house payment in WV is $965.

What does your credit score have to be to buy a house in West Virginia?

The minimum credit score to buy a house in West Virginia is 620.

How do I qualify for a first-time home buyer in WV?

To qualify for a first-time home buyer in WV, you must meet certain requirements, such as having a minimum credit score, being a first-time home buyer, and purchasing a home in a targeted county.

How to buy a house in WV with no money down?

You can buy a house in WV with no money down by using a USDA loan or a VA loan.

What is the cost of living in West Virginia?

The cost of living in West Virginia is relatively low, making it a great place to buy a home.

How much is a down payment on a house in WV?

The minimum down payment on a house in WV is 3% for conventional loans and 3.5% for FHA loans.

Mortgage Calculator WV