The Best Mortgage Lenders in Blount, WV
Compare verified mortgage lenders serving Blount, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Blount
Featured Mortgage Lenders
Jason R. Adkins
Paramount Financial Mortgage, Inc.
Paramount Financial Mortgage is one of West Virginia's most respected mortgage lenders with over two decades of serving communities throughout the state. They specialize in rural and small-town lending with particular expertise in USDA loans, which are highly relevant for Blount residents. Their team, led by experienced loan officer Jason Adkins, has deep knowledge of West Virginia's unique housing market and provides personalized service with competitive rates. They consistently receive outstanding reviews for their responsiveness, transparency, and ability to guide borrowers through complex loan processes.
Loan Types:
Member Services
WV United Federal Credit Union
As one of West Virginia's largest credit unions, WV United FCU has served the mortgage needs of residents across the state for generations. They offer exceptionally competitive rates for members and have extensive experience with rural property financing. Their local underwriting and decision-making process allows for more flexibility than national banks, and they provide comprehensive mortgage counseling for first-time homebuyers. With multiple branches throughout central West Virginia, they maintain strong community connections and understand the specific needs of Blount area residents.
Loan Types:
Local Mortgage Team
Guild Mortgage Company
Guild Mortgage maintains a strong local presence in West Virginia with dedicated loan officers who specialize in serving rural communities like Blount. As a national lender with deep local roots, they offer the resources of a large institution while providing personalized service. They are particularly strong in government-backed loans including VA and USDA programs, which are popular in rural West Virginia. Their local team has extensive knowledge of property types common in the area and consistently receives high marks for their educational approach to the mortgage process and commitment to closing loans on time.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Blount, WV
What are the typical down payment requirements for homes in Blount, WV, given the local market?
In Blount's more rural and affordable market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down. For the area's median home price, this translates to a very manageable upfront cost compared to national averages. Local lenders are often familiar with appraising unique rural properties common in the region.
Are there any special mortgage programs for first-time homebuyers in West Virginia that I can use in Blount?
Yes, the West Virginia Housing Development Fund (WVHDF) offers several programs, including down payment assistance and competitive interest rate loans, specifically for first-time buyers in Blount and across the state. These programs often have income limits and require homebuyer education, but they provide significant financial benefits for qualifying residents purchasing in the area.
How does the rural nature of Blount, WV, affect the mortgage appraisal process?
Appraisals in rural Blount can be more complex due to fewer comparable home sales ("comps"). Lenders may need to look at properties in a wider geographic area, which can sometimes lead to valuation challenges. It's advisable to work with a local lender or broker who has experience with rural appraisals in Preston County to ensure a smooth process.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Blount?
Preston County, where Blount is located, has relatively low property tax rates, which is a benefit for your monthly payment. However, you should budget for potentially higher homeowners insurance costs if the property uses a well and septic system, which is common, and consider flood insurance if the home is in a designated zone near the Cheat River or other waterways.
Are USDA Rural Development loans a good option for buying a home in Blount, WV?
Absolutely. Given Blount's designation as a rural area, most properties will qualify for USDA loans, which offer 100% financing (no down payment) for eligible borrowers. This is one of the most advantageous programs for the area, but it does have income limits based on the county median and requires the home to meet certain condition standards.
Why Choose a Mortgage Lender in Blount?
Local Market Knowledge
Lenders who understand Blount'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 Blount and get competitive rates on your home loan.