The Best Mortgage Lenders in Hendricks, WV
Compare verified mortgage lenders serving Hendricks, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hendricks
Featured Mortgage Lenders
First United Bank & Trust - Elkins Branch
First United Bank & Trust
First United Bank & Trust is a highly-rated regional banking institution with deep roots in West Virginia, serving the Hendricks area through their Elkins branch location. With over 120 years of community banking experience, they offer personalized mortgage services with local decision-making authority. Customers consistently praise their competitive rates, knowledgeable loan officers, and exceptional customer service for both purchase and refinance transactions. Their strong local presence ensures understanding of the unique West Virginia real estate market.
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WesBanco Bank - Parsons Branch
WesBanco Bank, Inc.
WesBanco is a well-established regional bank with multiple locations throughout West Virginia, including their Parsons branch that serves the Hendricks community. With over 150 years of banking history, they offer comprehensive mortgage solutions with local underwriting expertise. The bank receives high marks for their competitive interest rates, flexible loan terms, and dedicated mortgage specialists who provide personalized guidance through the entire home financing process. Their extensive branch network throughout the region makes them easily accessible to Hendricks residents.
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Movement Mortgage - West Virginia
Movement Mortgage, LLC
Movement Mortgage has established a strong reputation throughout West Virginia, including service to the Hendricks area, with their focus on efficient mortgage processing and competitive rates. While a national lender, they maintain strong local presence with West Virginia-based loan officers who understand the regional market dynamics. Customers consistently rate them highly for their streamlined digital application process, quick closings, and responsive customer service. Their specialization in rural and suburban lending makes them particularly well-suited for the Hendricks market.
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Frequently Asked Questions
Common questions about mortgage lending in Hendricks, WV
What are typical down payment requirements for homes in Hendricks, WV, given the lower home prices?
Due to Hendricks's affordable market, where median home prices are well below state and national averages, many buyers can utilize conventional loans with 3% down or FHA loans with 3.5% down. Local lenders are often familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties in Tucker County, making homeownership very accessible.
Are there any local or state-specific first-time homebuyer programs that are particularly useful in Hendricks?
Yes, the West Virginia Housing Development Fund (WVHDF) offers several programs, including down payment assistance and competitive interest rate loans, which are highly valuable in Hendricks. Given the town's income levels, many buyers may qualify for the "Homeownership Program" with below-market rates and up to $10,000 in down payment/closing cost assistance.
How does the appraisal process work in Hendricks, given the rural setting and potential for unique properties?
Appraisals in Hendricks can be challenging due to the limited number of recent comparable sales ("comps"). Lenders often need to use appraisers familiar with Tucker County who may look at sales in nearby towns like Parsons or Thomas. For unique or rural properties, a full appraisal with adjustments for location and amenities is standard, which can sometimes extend the loan timeline.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Hendricks?
Property taxes in Tucker County and Hendricks are relatively low compared to national averages, which helps keep monthly payments affordable. However, homeowners insurance can be higher than in urban areas due to factors like distance from fire hydrants and fire stations, so it's crucial to get accurate quotes early in the process for an escrow estimate.
Are there specific lenders or credit unions in the area that have expertise with Hendricks's real estate market?
While there are no major banks physically located in Hendricks, regional lenders and credit unions like City National Bank (with branches in nearby Parsons/Elkins) or Davis Trust Company have deep knowledge of the local Tucker County market. They often have more flexibility with underwriting for rural properties and are familiar with state assistance programs like those from WVHDF.
Why Choose a Mortgage Lender in Hendricks?
Local Market Knowledge
Lenders who understand Hendricks'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 Hendricks and get competitive rates on your home loan.