The Best Mortgage Lenders in Barboursville, WV
Compare verified mortgage lenders serving Barboursville, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Barboursville
Featured Mortgage Lenders
Union Home Mortgage
Union Home Mortgage - Huntington
Union Home Mortgage stands out as one of Barboursville's top-rated mortgage lenders with exceptional local expertise. They maintain a perfect 5-star rating on multiple review platforms and specialize in serving the Tri-State area. Their team has deep knowledge of West Virginia's unique housing market and offers personalized service with quick turnaround times. They're particularly noted for their expertise with VA loans, first-time homebuyer programs, and their ability to navigate complex financing situations while maintaining competitive rates.
Loan Types:
City National Bank
City National Bank of West Virginia
As West Virginia's largest community bank headquartered in the state, City National Bank brings deep local roots and exceptional mortgage expertise to Barboursville residents. They offer the personalized service of a local bank with the resources of a major financial institution. Their mortgage team is praised for transparent communication, competitive rates, and extensive knowledge of local real estate markets. They excel at construction loans and portfolio lending options that larger national banks often don't provide, making them ideal for custom home projects.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has built an outstanding reputation in the Barboursville area for their efficient processing and exceptional customer service. They're particularly noted for their digital mortgage experience and fast closing times, typically completing loans in 30 days or less. Their local loan officers have extensive knowledge of the Huntington-Barboursville market and maintain strong relationships with local real estate agents. They receive consistent praise for their responsive communication and ability to handle complex loan scenarios while offering competitive rates and flexible loan options.
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Frequently Asked Questions
Common questions about mortgage lending in Barboursville, WV
What are the current mortgage rates like in Barboursville, WV, and how do they compare to the national average?
Mortgage rates in Barboursville are generally very competitive and often slightly below the national average, reflecting West Virginia's overall lower cost of living. However, your specific rate will depend heavily on your credit score, loan type, and down payment. It's advisable to shop around with local lenders, credit unions like the Cabell County Teachers Credit Union, and regional banks who understand the local market.
Are there any special down payment assistance programs for first-time homebuyers in Barboursville?
Yes, the West Virginia Housing Development Fund (WVHDF) offers several programs, like the Homeownership Program, which provides competitive interest rates and down payment/closing cost assistance to eligible first-time and repeat buyers in Barboursville. Additionally, the City of Huntington (which Barboursville borders) may have local programs, so checking with a mortgage lender familiar with the Tri-State area is beneficial.
How does the appraisal process work in Barboursville given its mix of newer subdivisions and more rural properties?
Appraisals in Barboursville require an appraiser with specific knowledge of the area's diverse property types, from newer homes in developments like The Village of Barboursville to older homes on larger, rural lots. Finding comparable sales ("comps") can be more challenging for unique properties, which is why using a local lender who works with experienced appraisers is crucial to ensure an accurate valuation.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Barboursville?
Property taxes in Cabell County, where Barboursville is located, are relatively low compared to national averages, which helps with affordability. However, it's important to factor in potential flood insurance if your property is near the Mud River or other waterways, as this can add to your monthly escrow payment. Your lender can help you get accurate estimates for both.
Are USDA Rural Development loans a viable option for homes in Barboursville, WV?
Absolutely. While Barboursville is a growing suburb, much of its surrounding area and even some pockets within the village limits are eligible for USDA loans, which offer 100% financing (no down payment). This can be an excellent option for eligible buyers seeking a home in a less densely populated part of the community, making homeownership more accessible.
Why Choose a Mortgage Lender in Barboursville?
Local Market Knowledge
Lenders who understand Barboursville's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in West Virginia.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Barboursville and get competitive rates on your home loan.