The Best Mortgage Lenders in Edgarton, WV
Compare verified mortgage lenders serving Edgarton, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edgarton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, serving Edgarton and surrounding areas in West Virginia. With over 28 years of experience, they specialize in a wide range of loan products, including government-backed options, and have a strong local presence through dedicated loan officers. Their high rating and numerous positive reviews highlight reliability, quick processing times, and personalized support for homebuyers in rural and urban communities alike.
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New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a strong track record of serving West Virginia communities, including Edgarton. Founded in 2003, they offer a diverse portfolio of loan types and are praised for their competitive rates, efficient closing processes, and commitment to minority and first-time homebuyer programs. Their local Charleston office ensures accessible, personalized service, backed by hundreds of positive reviews citing transparency and expert guidance.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a robust presence in West Virginia, providing reliable services to Edgarton residents. With 24 years of experience, they excel in offering digital-friendly mortgage solutions, competitive rates, and a wide array of loan options. Their Charleston branch ensures local expertise and swift, streamlined processes, supported by high customer satisfaction ratings for their responsive support and innovative technology tools.
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Frequently Asked Questions
Common questions about mortgage lending in Edgarton, WV
What are the typical down payment requirements for homes in Edgarton, WV, given its rural market?
In Edgarton's more affordable housing market, many conventional loans can be secured with a 3-5% down payment. For eligible buyers, USDA Rural Development loans are a popular option as they offer 100% financing with no down payment required, which is highly applicable in this designated rural area. Local lenders are well-versed in these programs.
Are there any special mortgage programs for first-time homebuyers in Edgarton?
Yes, the West Virginia Housing Development Fund (WVHDF) offers several programs, including down payment assistance and competitive interest rate loans, which are accessible to eligible buyers in Edgarton. These programs often have income and purchase price limits that are well-suited to the local market. Consulting with a lender approved by the WVHDF is the best first step.
How does the appraisal process work for a home in a small town like Edgarton, where comparable sales can be limited?
Appraisals in Edgarton can be challenging due to fewer recent sales. An experienced local appraiser may need to expand the geographic search area or use older comparable sales with appropriate adjustments. It's wise to work with a lender familiar with the Mingo County market to ensure the process is handled correctly.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Edgarton?
Mingo County property taxes are relatively low, which helps keep escrow payments manageable. However, you should budget for higher-than-average homeowners insurance premiums due to West Virginia's risk factors like flooding in certain areas. Your lender will help you estimate these costs accurately for your specific property.
Is it difficult to get a mortgage for a manufactured home in or around Edgarton?
Financing for manufactured homes is common but has specific requirements. The home must be permanently affixed to a foundation and titled as real estate. Both FHA and VA loans can be used for manufactured homes, and local lenders or credit unions often have the most experience with these types of loans in the area.
Why Choose a Mortgage Lender in Edgarton?
Local Market Knowledge
Lenders who understand Edgarton'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 Edgarton and get competitive rates on your home loan.