The Best Mortgage Lenders in Greenville, WV
Compare verified mortgage lenders serving Greenville, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greenville
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, with a strong presence in West Virginia. They specialize in serving rural areas like Greenville, offering personalized guidance through FHA, VA, and USDA loans, which are ideal for first-time homebuyers and veterans. With over two decades of experience, they have built a reputation for reliability and fast loan processing, backed by hundreds of positive reviews highlighting their responsiveness and local expertise.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its efficient loan processing and community-focused approach in West Virginia. They serve Greenville and surrounding areas with a wide range of mortgage options, including renovation loans for older homes common in rural regions. Their dedication to customer satisfaction is reflected in strong ratings and reviews, emphasizing quick closings and supportive service. As a company with deep regional roots, they prioritize local relationships and offer competitive rates tailored to the WV market.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable lender with a strong track record in West Virginia, offering flexible mortgage solutions for Greenville residents. They excel in providing competitive rates and specialized programs for diverse borrowers, including those with unique financial situations. With two decades of experience, they have earned high marks for customer service and transparency, supported by numerous reviews praising their knowledgeable staff and smooth application process. Their regional presence ensures personalized support for local homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Greenville, WV
Are there any special mortgage programs for first-time homebuyers in Greenville, WV?
Yes, the West Virginia Housing Development Fund (WVHDF) offers several programs, like the Homeownership Program, which provides competitive fixed-rate mortgages and down payment/closing cost assistance to eligible first-time buyers in Greenville and across the state. These programs are particularly valuable in Greenville's affordable market, helping buyers overcome initial cash barriers. It's also wise to check with local credit unions or community banks for any additional local incentives.
How do property taxes in Monroe County affect my monthly mortgage payment in Greenville?
Monroe County has relatively low property tax rates compared to national averages, which is a significant benefit for Greenville homeowners. Your lender will estimate these taxes and include them in your monthly escrow payment. For a precise figure, you can contact the Monroe County Assessor's office to get the exact millage rate applied to a specific property's assessed value.
What is the typical down payment required for a mortgage on a home in Greenville's market?
Given Greenville's median home prices are well below the national average, down payments can be more manageable. While 20% is standard to avoid private mortgage insurance (PMI), many buyers successfully use FHA loans with 3.5% down or conventional loans with 3% down. With lower purchase prices, saving for a down payment on a Greenville home is often more achievable than in larger markets.
Are USDA rural housing loans a viable option for mortgages in Greenville, WV?
Absolutely. Greenville and much of Monroe County are eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment) for moderate-income buyers. This is a highly relevant program for the area, as it's designed to promote homeownership in eligible rural communities like Greenville. You must purchase a home within the designated USDA eligibility zone and meet income requirements.
How does the appraisal process work for a unique or older property in Greenville's historic areas?
Appraising older or unique homes in Greenville can require an appraiser with local expertise in Monroe County's historic and rural properties. Lenders will order an appraisal that considers the home's condition, comparable sales in the area (which may be limited), and any outbuildings or land value. It's important to work with a lender familiar with the local market to ensure a smooth appraisal process for these character-rich properties.
Why Choose a Mortgage Lender in Greenville?
Local Market Knowledge
Lenders who understand Greenville'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 Greenville and get competitive rates on your home loan.