The Best Mortgage Lenders in Huntington, WV
Compare verified mortgage lenders serving Huntington, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntington
Featured Mortgage Lenders
Union Home Mortgage
Union Home Mortgage - Huntington
Union Home Mortgage stands out as one of Huntington's top-rated mortgage lenders with exceptional customer satisfaction ratings. They specialize in personalized service and have deep roots in the local community, offering comprehensive mortgage solutions including specialized VA loans that serve the many military families in the region. Their team of experienced loan officers provides competitive rates and guidance through every step of the home buying process, making them a trusted choice for both first-time and experienced homebuyers in the Huntington area.
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WesBanco Mortgage
WesBanco Bank, Inc.
As a well-established regional bank with strong presence throughout West Virginia, WesBanco offers comprehensive mortgage services to Huntington residents. With over 150 years of banking experience, they provide exceptional stability and local market knowledge. Their mortgage team offers competitive rates and a wide range of loan products, including specialized construction loans and home equity solutions. Customers consistently praise their professional service, local decision-making capabilities, and the convenience of having both banking and mortgage services under one roof.
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Paramount Bank Mortgage
Paramount Bank
Paramount Bank has built a strong reputation in the Huntington mortgage market with their personalized approach and competitive lending options. As a community-focused financial institution, they excel at understanding local real estate dynamics and providing tailored mortgage solutions. Their experienced loan officers are known for their responsiveness and ability to streamline the approval process. The bank offers particularly strong refinancing programs and investment property financing, making them a popular choice for both residential purchases and real estate investors in the Huntington area.
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Frequently Asked Questions
Common questions about mortgage lending in Huntington, WV
Are there any special down payment assistance programs for first-time homebuyers in Huntington, WV?
Yes, the West Virginia Housing Development Fund (WVHDF) offers several programs, including the Homeownership Program, which provides competitive interest rates and down payment/closing cost assistance in the form of a forgivable second mortgage. Huntington homebuyers should also check with local lenders about city-specific or county-specific grants that may be available to encourage homeownership in targeted neighborhoods.
How does the local economy, particularly healthcare and education, impact mortgage lending in Huntington?
As a hub for Marshall University and several major hospitals, these stable employment sectors are favorable for mortgage approval. Lenders in Huntington are familiar with income structures for university staff, healthcare professionals, and residents, which can streamline the process. However, it's still crucial to have stable employment history and documentation, as lenders will assess your long-term ability to afford the mortgage.
What are typical property taxes in Huntington, and how do they affect my monthly mortgage payment?
Cabell County, where Huntington is located, has a relatively moderate property tax rate. Taxes are a significant component of your monthly escrow payment. It's essential to get an accurate estimate from your lender, as taxes can vary between neighborhoods and are reassessed upon sale. Factoring in these costs is crucial for budgeting, especially in popular areas like Southside or near Ritter Park.
Are USDA loans a common option for homes in Huntington, WV?
Yes, USDA Rural Development loans are a popular and viable option for many Huntington homebuyers. While Huntington is a city, several surrounding neighborhoods and areas within the city limits may still qualify as "rural" under USDA guidelines, allowing for 100% financing with no down payment. A local mortgage lender can quickly determine if a specific property address is eligible for this beneficial program.
How do appraisals work for Huntington's mix of historic and newer homes?
Appraisals in Huntington require appraisers familiar with the local market's unique characteristics. They must accurately compare values between historic homes in areas like the Old Central City District and newer constructions in suburbs. Challenges can arise if comparable sales ("comps") are limited for a unique historic property, which is why using a lender with strong local appraiser relationships is advantageous.
Nearby Cities
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Why Choose a Mortgage Lender in Huntington?
Local Market Knowledge
Lenders who understand Huntington'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 Huntington and get competitive rates on your home loan.