The Best Mortgage Lenders in Myra, WV
Compare verified mortgage lenders serving Myra, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Myra
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender with over 27 years of experience, consistently earning top ratings for its competitive rates and exceptional customer service. They specialize in a wide range of loan products, including government-backed options ideal for rural areas like Myra, and have a strong local presence in West Virginia through their Charleston office. Known for their personalized approach and efficient processing, they are a trusted choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is a top-rated lender praised for its rapid loan processing and deep community engagement. Founded in 2008, they have built a strong reputation in West Virginia for offering flexible loan options and dedicated support, particularly in serving rural communities like Myra. With high customer satisfaction scores and a focus on making homeownership accessible, they provide reliable service through local loan officers and competitive rates.
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Primary Residential Mortgage, Inc.
Primary Residential Mortgage, Inc.
Primary Residential Mortgage, Inc. (PRMI) has been a trusted mortgage lender since 1998, known for its comprehensive loan offerings and high customer satisfaction. With 25 years of experience, they excel in serving first-time homebuyers and refinancing clients in areas like Myra, offering personalized solutions and competitive rates. Their Charleston branch ensures local expertise and reliable service, backed by strong reviews and a commitment to community support.
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Frequently Asked Questions
Common questions about mortgage lending in Myra, WV
Are there any special mortgage programs for first-time homebuyers in Myra, 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 Myra, where median home prices are often below state averages, making homeownership more accessible with lower income requirements.
How do property taxes in Lincoln County affect my monthly mortgage payment in Myra?
Lincoln County has relatively low property tax rates compared to national averages, which is a significant benefit for Myra homeowners. When calculating your escrow payment, lenders will use the county's current millage rate, which helps keep your total monthly mortgage payment more affordable than in many other regions.
What should I know about getting a mortgage for a manufactured home in Myra?
Financing manufactured homes in Myra is common, but it requires specific loan programs like FHA Title I or USDA loans if the home is on leased land. It's crucial to work with a lender experienced in West Virginia's rural housing market to ensure the home meets HUD code and permanent foundation requirements for financing.
Are USDA loans a good option for buying a home in Myra, WV?
Absolutely. Myra's rural designation makes most properties eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is an excellent option given the area's income limits, and it can be combined with WVHDF programs for even greater affordability.
How does Myra's housing market affect appraisal values and mortgage approval?
Myra's limited housing inventory and slower market turnover can sometimes make finding comparable sales ("comps") challenging for appraisers. Working with a local lender familiar with Lincoln County's market trends is essential, as they can help ensure the appraisal accurately reflects the value of properties in this specific rural community.
Why Choose a Mortgage Lender in Myra?
Local Market Knowledge
Lenders who understand Myra'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 Myra and get competitive rates on your home loan.