The Best Mortgage Lenders in Eglon, WV
Compare verified mortgage lenders serving Eglon, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Eglon
Featured Mortgage Lenders
Lisa S. White
Union Home Mortgage Corp.
Union Home Mortgage stands out as one of West Virginia's top-rated mortgage lenders with deep roots in the state. Lisa S. White, based in Morgantown, has built an exceptional reputation over 25 years serving rural communities like Eglon. The company specializes in USDA loans which are particularly valuable for Eglon residents in this designated rural area. Their extensive experience with VA and FHA programs, combined with competitive conventional rates, makes them a premier choice for Preston County homebuyers. With hundreds of positive reviews highlighting their personalized service and expertise with rural property financing, they consistently deliver exceptional customer experiences.
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Jason R. Hymes
Movement Mortgage
Movement Mortgage has established a strong presence throughout West Virginia with Jason Hymes specifically serving the northern region including Eglon. This lender excels in providing comprehensive mortgage solutions with particular strength in USDA rural development loans that benefit Eglon residents. Their streamlined digital process combined with local expertise ensures competitive rates and efficient closings. With numerous five-star reviews praising their responsiveness and knowledge of West Virginia's unique housing market, they've built trust among rural homebuyers. Their commitment to community involvement and understanding of Preston County's specific needs makes them a top contender.
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WesBanco Mortgage Department
WesBanco Bank, Inc.
As one of West Virginia's oldest and most established financial institutions, WesBanco brings unparalleled local knowledge and stability to Eglon homebuyers. While based in Morgantown, they actively serve all of Preston County with specialized expertise in rural property financing. Their mortgage department offers particularly strong USDA loan programs and construction lending options that are ideal for Eglon's market. With century-plus commitment to West Virginia communities, they provide competitive rates backed by local decision-making and personalized service. Their extensive branch network throughout the region ensures ongoing support for homeowners long after closing.
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Frequently Asked Questions
Common questions about mortgage lending in Eglon, WV
What types of properties are most common for mortgage lending in Eglon, WV, and does this affect loan options?
Eglon and the surrounding Preston County area primarily feature rural properties, including single-family homes on larger lots, older farmhouses, and manufactured homes. This means lenders will often require well and septic inspections in addition to standard appraisals, and USDA Rural Development loans are a particularly popular and relevant option due to the area's eligibility.
Are there any local or state-specific down payment assistance programs available for homebuyers in Eglon?
Yes, West Virginia offers the HOMEownership Down Payment/Closing Cost Assistance Program, which is available statewide, including in Eglon. This program provides up to $10,000 in a deferred, forgivable loan for down payment and closing costs to eligible first-time homebuyers, which can be crucial in a rural market with moderate incomes.
How do property values and appraisal challenges in a small, rural town like Eglon impact the mortgage process?
With fewer recent comparable sales ("comps") than in urban areas, appraisals in Eglon can sometimes be more complex and may require appraisers to look at sales in a wider geographic radius. This can occasionally lead to valuation challenges, so working with a local lender familiar with Preston County's market nuances is advantageous to ensure a smooth process.
Is Eglon, WV eligible for USDA Rural Development home loans, and what are the benefits?
Absolutely. Eglon is located in a USDA-eligible rural area, making the USDA Guaranteed Loan program a standout option. This program offers 100% financing (no down payment), competitive interest rates, and more flexible credit guidelines, which is ideal for the local buyer profile seeking to purchase a primary residence.
What should I know about homeowner's insurance requirements for a mortgage on an older home in Eglon?
Older homes, common in the area, may require a Four-Point Inspection (roof, electrical, plumbing, HVAC) to secure standard homeowner's insurance, which is a mandatory requirement for your mortgage. Additionally, given the rural setting, you may want to inquire about specific coverage for outbuildings, wells, or septic systems as part of your policy.
Why Choose a Mortgage Lender in Eglon?
Local Market Knowledge
Lenders who understand Eglon'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 Eglon and get competitive rates on your home loan.