The Best Mortgage Lenders in Hurricane, WV
Compare verified mortgage lenders serving Hurricane, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hurricane
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, Inc.
Movement Mortgage is highly rated for its exceptional customer service, rapid loan processing, and competitive rates. With a strong regional presence in West Virginia, they serve the Hurricane area through their Charleston office, offering a wide range of loan products and personalized support. Their digital tools and local expertise make them a top choice for homebuyers in the region.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is renowned for its high customer satisfaction scores, extensive loan options, and community-focused approach. They have a long-standing reputation in West Virginia, with a Charleston office that efficiently serves Hurricane residents. Their commitment to competitive rates and transparent processes has earned them numerous industry awards and loyal clients.
Loan Types:
New American Funding
New American Funding
New American Funding combines digital innovation with personalized service to offer flexible mortgage solutions. They have a solid presence in West Virginia, serving the Hurricane area from their Charleston location. Known for competitive rates and a diverse portfolio of loan products, they prioritize customer education and support, making them a reliable choice for various borrowing needs.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Hurricane, WV
Are there any special mortgage programs for first-time homebuyers in Hurricane, WV?
Yes, the West Virginia Housing Development Fund (WVHDF) offers several programs, including the Homeownership Program with competitive interest rates and down payment assistance. These programs are particularly valuable in Hurricane, where they can help bridge the affordability gap for first-time buyers in the city's growing market. Local lenders are well-versed in these state-specific options.
How do property taxes in Putnam County affect my mortgage payments in Hurricane?
Putnam County has relatively moderate property tax rates compared to national averages, which can help keep your total monthly mortgage payment more affordable. Your lender will calculate these taxes into your escrow payment. It's wise to get an exact estimate during the pre-approval process, as rates can vary slightly within the county.
What is the typical down payment needed for a home in Hurricane's current market?
While 20% is ideal to avoid Private Mortgage Insurance (PMI), many buyers in Hurricane successfully purchase homes with down payments as low as 3-5% using conventional loans or 3.5% with an FHA loan. Given the competitive but not overheated market, a strong pre-approval with a lower down payment can still be successful, especially for well-priced homes.
Are USDA rural housing loans available for homes in Hurricane, WV?
Yes, a significant portion of the Hurricane area is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for eligible buyers, as Hurricane is classified as part of a "rural" area by the USDA despite its suburban feel and proximity to Huntington and Charleston.
How does Hurricane's growth and proximity to major employers influence mortgage lending?
Hurricane's stable growth and location near major employers like Toyota, the medical sector in Huntington, and state government in Charleston make it an attractive area for lenders. This stability can translate to favorable loan terms. Lenders often view steady employment markets positively, which can be beneficial during the mortgage underwriting process.
Why Choose a Mortgage Lender in Hurricane?
Local Market Knowledge
Lenders who understand Hurricane'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 Hurricane and get competitive rates on your home loan.