The Best Mortgage Lenders in Points, WV
Compare verified mortgage lenders serving Points, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Points
Featured Mortgage Lenders
Brian M. Young
Paramount Financial Services, Inc.
Paramount Financial Services is one of West Virginia's highest-rated mortgage brokers with over two decades of experience serving communities throughout the state. Brian Young and his team specialize in providing personalized mortgage solutions with exceptional customer service. They are particularly noted for their expertise in rural housing loans and USDA programs, making them an excellent choice for the Points area. Their high rating reflects consistent customer satisfaction and their ability to navigate complex loan scenarios while offering competitive rates.
Loan Types:
Mortgage Department
WesBanco Bank, Inc.
WesBanco is a well-established regional bank with deep roots in West Virginia and extensive experience serving rural communities. With multiple branches throughout the state and a dedicated mortgage division, they offer comprehensive lending services including specialized programs for rural properties. Their long history in the region ensures they understand local market conditions and have strong relationships with real estate professionals. Customers consistently praise their local decision-making authority and personalized service approach.
Loan Types:
Local Mortgage Team
Movement Mortgage
Movement Mortgage has built a strong reputation in West Virginia for their efficient processing and local expertise. While a national lender, they maintain dedicated local teams that understand West Virginia's unique housing market, including rural areas like Points. They are particularly noted for their quick closing times and excellent communication throughout the loan process. Their specialization in various government-backed loans makes them well-suited for buyers in more rural locations, and their high customer satisfaction ratings reflect their commitment to service excellence.
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Frequently Asked Questions
Common questions about mortgage lending in Points, WV
What are the current mortgage rates like in Points, WV, and how do they compare to the national average?
Mortgage rates in Points, WV, typically align closely with national averages, but local lenders may offer competitive rates due to the lower cost of living and property values in the area. It's common to see rates slightly below the national average, especially for well-qualified buyers. Shopping around with local credit unions like the First United Bank & Trust or community banks is key to securing the best rate.
Are there any down payment assistance programs specifically for homebuyers in Points, WV?
Yes, homebuyers in Points can utilize statewide West Virginia programs like the HOMEownership Down Payment/Closing Cost Assistance Program, which offers up to $10,000 in assistance. Additionally, the Northern Panhandle region may have specific grants or soft-second mortgage programs administered through local housing agencies like the Regional Intergovernmental Council (RIC), which serves Hancock County.
How does the appraisal process work in Points, given its rural location and unique property types?
Appraisals in Points can be challenging due to the rural setting and limited comparable home sales ("comps"). It's crucial to work with a lender familiar with the area who can engage an appraiser with local expertise. Unique properties, like those with significant land, may require specialized appraisal methods, which can sometimes lengthen the loan process.
What should I know about property taxes and homeowners insurance when budgeting for a mortgage in Points?
Hancock County, where Points is located, has relatively low property tax rates compared to national averages, which is a benefit for monthly mortgage payments. However, homeowners insurance can be variable; it's important to get quotes that account for the rural location, which may include factors like well and septic systems, and distance from fire hydrants or stations.
Are USDA Rural Development loans a common and good option for buying a home in Points, WV?
Absolutely. Given Points' designation as a rural area, USDA loans are an excellent and popular option for eligible buyers. These loans offer 100% financing with no down payment, which is a significant advantage. Most properties in and around Points qualify, making this a key program for first-time and moderate-income homebuyers in the community.
Why Choose a Mortgage Lender in Points?
Local Market Knowledge
Lenders who understand Points'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 Points and get competitive rates on your home loan.