The Best Mortgage Lenders in Simon, WV
Compare verified mortgage lenders serving Simon, West Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Simon
Featured Mortgage Lenders
New Peoples Bank Home Lending Center
New Peoples Bank
New Peoples Bank is a highly-rated community bank serving southern West Virginia and southwest Virginia, including the Simon area. With over two decades of experience, they specialize in rural and community-focused lending with personalized service. Their local loan officers understand the unique needs of Wyoming County residents and offer competitive rates on various loan programs, particularly strong in USDA and FHA loans that benefit rural homebuyers. Their consistent high ratings reflect exceptional customer service and deep community involvement.
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City National Bank Mortgage Division
City National Bank of West Virginia
As one of West Virginia's largest community banks, City National Bank has extensive experience serving rural communities throughout the state, including Simon and Wyoming County. Their mortgage team provides local underwriting and decision-making with competitive rates and flexible terms. They excel in first-time homebuyer programs and offer specialized knowledge of West Virginia's unique housing market. With multiple branches across southern WV and a reputation for reliability, they maintain strong relationships with real estate professionals throughout the region.
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Paramount Financial Services
Paramount Financial Services, Inc.
Paramount Financial Services is a highly-regarded mortgage broker based in Beckley with extensive experience serving southern West Virginia communities including Simon. They consistently receive top ratings for their personalized service and expertise in rural lending programs. Specializing in USDA loans that are particularly relevant for Simon area homebuyers, they work with multiple lenders to find the best rates and terms. Their local knowledge of Wyoming County's real estate market and commitment to guiding clients through the entire mortgage process makes them a top choice for area residents.
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Frequently Asked Questions
Common questions about mortgage lending in Simon, WV
Are there any special mortgage programs for first-time homebuyers in Simon, 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 buyers in Simon. This is a zero-interest, deferred loan that can be crucial in a market where cash for upfront costs is a common barrier. Local lenders are also familiar with national programs like USDA Rural Development loans, which are highly relevant for the Simon area.
How does the rural nature of Simon, WV, affect my mortgage options?
Simon's location in Wyoming County makes many properties eligible for USDA Rural Development loans, which offer 100% financing with no down payment—a significant advantage. This classification can also impact property appraisal processes, as appraisers may need to compare sales from a wider geographic area, which can sometimes affect timelines and valuations.
What are typical property taxes in Simon, and how do they impact my monthly mortgage payment?
Property taxes in Wyoming County, where Simon is located, are relatively low compared to national averages, which helps keep your total monthly mortgage payment (PITI) more affordable. For precise figures, consult the Wyoming County Assessor's office, but lenders will use the current millage rates to accurately calculate your escrow payments during the pre-approval process.
Are there local lenders in Simon who understand the specific challenges of the area's real estate market?
While Simon itself is a small community, there are several regional banks and credit unions with branches in nearby towns like Pineville or Mullens that have deep experience with local properties, including older homes and land. Working with these lenders can be beneficial as they understand local valuation trends and the specifics of rural property loans.
What should I know about getting a mortgage for a manufactured home in Simon, WV?
Financing a manufactured home in Simon is common and possible through FHA, VA, or USDA loans if the home is permanently affixed to a owned foundation and meets HUD code. It's critical to confirm the home's titling—it must be considered real property, not personal property, to qualify for a traditional mortgage. A local lender can help navigate this specific requirement.
Why Choose a Mortgage Lender in Simon?
Local Market Knowledge
Lenders who understand Simon'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 Simon and get competitive rates on your home loan.