The Best Mortgage Lenders in Kenova, WV
Compare verified mortgage lenders serving Kenova, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kenova
Featured Mortgage Lenders
Mortgage Department
WesBanco
WesBanco is one of West Virginia's most established and trusted regional banks with deep roots in the Tri-State area. While headquartered in Wheeling, they maintain a strong presence throughout Wayne County and actively serve Kenova residents. Their mortgage team receives exceptional ratings for personalized service, local market expertise, and competitive rate offerings. With over 150 years of banking history, they offer the stability of a large institution with the personal touch of a community bank, specializing in first-time homebuyer programs and VA loans popular in the region.
Loan Types:
Mortgage Lending Division
Huntington Bank
Huntington Bank maintains a significant physical presence in nearby Huntington, West Virginia, just minutes from Kenova, and actively serves the entire Tri-State region. Their mortgage division receives consistently high marks for competitive rates, streamlined application processes, and exceptional customer service. As a major regional bank with deep West Virginia roots, they offer specialized knowledge of local housing markets and provide various community-specific lending programs. Their digital mortgage platform combined with local branch support makes them a top choice for Kenova homebuyers.
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Mortgage Services
Appalachian Power Federal Credit Union
Appalachian Power FCU serves members throughout West Virginia, including Kenova residents, and receives outstanding reviews for their member-focused mortgage services. While headquartered in Charleston, they have a strong regional presence and offer highly competitive rates to their members. Their mortgage team is praised for personalized guidance through the entire homebuying process, with particular expertise in helping first-time buyers and those with unique financial situations. As a credit union, they return profits to members through better rates and lower fees, making them a popular choice for value-conscious borrowers in the Kenova area.
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Frequently Asked Questions
Common questions about mortgage lending in Kenova, WV
Are there any special mortgage programs for first-time homebuyers in Kenova, WV?
Yes, West Virginia offers the HOMEownership Down Payment/Closing Cost Assistance Program, which can provide up to $10,000 in assistance for eligible first-time homebuyers in Kenova. This is a forgivable loan that can be a significant help in a market with relatively low home prices. Additionally, some local lenders may offer portfolio loans or special programs tailored to the Tri-State area's workforce.
How do property taxes in Kenova, WV, affect my monthly mortgage payment?
Property taxes in Wayne County, where Kenova is located, are relatively low compared to national averages, which helps keep your total monthly mortgage payment (PITI) more affordable. The current combined rate is approximately 0.59% of assessed value. Your lender will calculate an escrow estimate based on the specific property's assessed value, but this is generally a favorable factor for homebuyers in the area.
What is the typical down payment required for a mortgage on a home in Kenova?
While 20% down is standard for avoiding private mortgage insurance (PMI), many buyers in Kenova utilize FHA loans with down payments as low as 3.5% or conventional loans with 3% down, thanks to the area's median home price being below the national average. Local credit unions and community banks are often familiar with financing modestly priced homes common in the Kenova market.
Does Kenova's location in a flood zone impact the mortgage process?
Properties near the Ohio or Big Sandy Rivers may require a flood elevation certificate and mandatory flood insurance, which will be included in your escrow payment. It's crucial to check the FEMA Flood Map for the specific property early in the process, as this can add to your monthly costs and require specific lender approvals. Not all of Kenova is in a flood zone, so this is property-specific.
Are USDA rural housing loans available for homes in Kenova, WV?
Yes, Kenova is eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a highly attractive program for the area, as it is designated rural by the USDA. Income limits apply, but many local households qualify, making homeownership accessible with minimal upfront cash.
Why Choose a Mortgage Lender in Kenova?
Local Market Knowledge
Lenders who understand Kenova'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 Kenova and get competitive rates on your home loan.