The Best Mortgage Lenders in Leivasy, WV
Compare verified mortgage lenders serving Leivasy, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Leivasy
Featured Mortgage Lenders
Summit Community Bank
Summit Community Bank, Inc.
Summit Community Bank is a top-rated local bank with a strong presence in West Virginia, particularly serving rural areas like Leivasy. Founded in 1999, it has built a reputation for personalized mortgage services, competitive rates, and deep community involvement. With high customer satisfaction ratings, they excel in guiding homebuyers through FHA, VA, and USDA loans, making them ideal for the Leivasy region. Their experienced loan officers provide tailored solutions, ensuring a smooth and reliable mortgage process.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally acclaimed mortgage lender known for its innovative digital platform and exceptional customer service. Serving Leivasy and all of West Virginia, they offer a wide array of loan products with competitive rates and a streamlined online application process. With thousands of positive reviews highlighting their efficiency and transparency, they are a trusted choice for borrowers seeking convenience and reliability. Their commitment to fast approvals and expert guidance makes them stand out in the mortgage industry.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its rapid processing times and strong community focus, with extensive experience serving West Virginia markets including Leivasy. Founded in 2008, they provide a comprehensive range of mortgage options and are praised for their customer-centric approach and local support initiatives. Their dedication to simplifying the homebuying journey, combined with competitive rates and excellent reviews, makes them a preferred lender for both first-time and repeat buyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Leivasy, WV
Are there any special mortgage programs for first-time homebuyers in Leivasy, WV?
Yes, West Virginia offers the HOMEownership Down Payment/Closing Cost Assistance Program, which is available statewide including in Leivasy. This program provides up to $10,000 in a 0% interest, deferred loan for down payment and closing costs to eligible first-time buyers. Additionally, the West Virginia Housing Development Fund offers competitive first-time homebuyer loans with below-market interest rates.
What are typical property taxes like in Leivasy, and how do they affect my mortgage payment?
Property taxes in Leivasy and Nicholas County are relatively low compared to national averages, which helps keep overall housing costs affordable. The current combined rate is approximately $0.59 per $100 of assessed value. Your lender will include an estimated monthly amount for property taxes in your mortgage escrow payment, which is typically lower here than in many other regions.
How does the rural location of Leivasy affect the mortgage appraisal process?
Due to Leivasy's rural setting in Nicholas County, appraisals can sometimes be more challenging because there may be fewer recent comparable home sales ("comps") in the immediate area. Appraisers often need to look at properties in a wider geographic radius, which might include similar communities in the county. This can occasionally lead to longer appraisal timelines or more conservative valuations.
Are USDA Rural Development loans available for homes in Leivasy, WV?
Absolutely. Leivasy qualifies for USDA Rural Development loans, which offer 100% financing with no down payment requirement. This is an excellent option for eligible buyers in Leivasy given its rural designation. These loans often feature competitive interest rates and more flexible credit requirements than conventional loans, making homeownership more accessible in this area.
What should I know about flood zones when getting a mortgage for a property in Leivasy?
Given Leivasy's location in the mountainous terrain of West Virginia, flood zones are an important consideration, especially for properties near the Gauley River or other waterways. Lenders will require a flood determination, and if the property is in a designated Special Flood Hazard Area, you'll need to purchase flood insurance, which will be included in your monthly mortgage payment. This is particularly relevant for homes in lower-lying areas of the community.
Why Choose a Mortgage Lender in Leivasy?
Local Market Knowledge
Lenders who understand Leivasy'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 Leivasy and get competitive rates on your home loan.