The Best Mortgage Lenders in Chester, WV
Compare verified mortgage lenders serving Chester, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Chester
Featured Mortgage Lenders
Chris Fodor
Paramount Financial, Inc.
Paramount Financial is one of the highest-rated mortgage lenders in the Northern Panhandle region, serving Chester and surrounding areas with exceptional customer service. With over two decades of experience, they specialize in personalized mortgage solutions and have built a strong reputation for competitive rates and transparent processes. Their team, led by experienced loan officer Chris Fodor, is known for guiding clients through every step of the mortgage process with expertise and care, making them a top choice for homebuyers in the Chester area.
Loan Types:
Mortgage Department
WesBanco Bank
WesBanco is a well-established regional bank with deep roots in the Ohio Valley and strong presence throughout West Virginia. Their mortgage division serves Chester residents with comprehensive lending options and local decision-making. With over 150 years in banking, they offer the stability of a large institution combined with personalized local service. Customers praise their competitive rates, knowledgeable loan officers, and streamlined application process. Their physical branches throughout the region provide convenient in-person service options for Chester area homebuyers.
Loan Types:
Steubenville Branch
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as a top-rated mortgage lender serving the tri-state area including Chester, WV. Their Steubenville branch is conveniently located just across the river and specializes in serving clients throughout the Northern Panhandle. With nearly two decades of experience, they offer a wide range of loan products and are particularly praised for their responsive service and competitive rates. Their digital mortgage platform combined with local expertise makes them a popular choice for tech-savvy homebuyers while maintaining personalized service that Chester residents appreciate.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Chester, WV
What are the typical down payment requirements for a mortgage in Chester, WV, given the local home prices?
In Chester, where the median home price is significantly below the national average, many conventional loans can be obtained with a 3-5% down payment. For a home priced around $150,000, this translates to $4,500-$7,500 down. Furthermore, eligible buyers can utilize USDA Rural Development loans, which offer 0% down payment options, as Chester qualifies as a rural area under USDA guidelines.
Are there any special first-time homebuyer programs or grants available specifically for Chester, WV?
Yes, West Virginia offers the SmartMove WV program, which provides down payment and closing cost assistance in the form of a forgivable second mortgage. This program is available statewide, including in Chester, for income-eligible first-time homebuyers. Additionally, the West Virginia Housing Development Fund (WVHDF) offers competitive first mortgage loans with below-market interest rates to qualified buyers.
How do property taxes in Hancock County impact my monthly mortgage payment in Chester?
Hancock County, where Chester is located, has relatively low property tax rates compared to national averages. The effective property tax rate is approximately 0.55%, meaning your annual tax on a $150,000 home would be around $825. Lenders will escrow this amount, adding about $69 to your monthly principal and interest payment, which helps keep overall housing costs manageable.
What type of property appraisal challenges are common in the Chester, WV, housing market?
Appraisals in Chester can sometimes be challenging due to the older housing stock and the need for comparable sales ("comps") in a smaller, less active market. Appraisers may need to look at recent sales in nearby towns like New Cumberland or East Liverpool, OH, to find suitable comps. It's important for buyers to work with a local lender familiar with appraisers who understand the tri-state area's unique market dynamics.
Is flood insurance required for a mortgage on homes in Chester, given its location along the Ohio River?
While Chester is situated on the Ohio River, not all properties are in a designated high-risk flood zone (Special Flood Hazard Area). Your lender will require a Flood Zone Determination as part of the loan process. If the property is in a high-risk zone, flood insurance will be mandatory. It's crucial to check the FEMA Flood Map for the specific property, as this can significantly affect your total monthly housing cost.
Why Choose a Mortgage Lender in Chester?
Local Market Knowledge
Lenders who understand Chester'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 Chester and get competitive rates on your home loan.