Today's West Virginia (WV) Mortgage Rates

West Virginia (WV) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 331,951
Application denied by financial institution: 154,279
Loan purchased by the institution: 63,938
Application withdrawn by applicant: 53,899
Application approved but not accepted: 35,841
File closed for incompleteness: 15,198
Preapproval request denied by financial institution: 79
Preapproval request approved but not accepted: 8

Purpose of Loans

Refinancing: 327,888
Home purchase: 250,626
Home improvement: 76,679

Mortgage Types

Conventional: 518,332
FHA-insured: 85,695
VA-guaranteed: 27,831
FSA/RHS-guaranteed: 23,335

Mortage Actions by Applicant Race

White: 544,779
Information not provided by applicant in mail, Internet, or telephone application: 50,723
Not applicable: 40,563
Black or African American: 12,383
Asian: 3,881
American Indian or Alaska Native: 2,073
Native Hawaiian or Other Pacific Islander: 791

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 550,632
Information not provided by applicant in mail, Internet, or telephone application: 57,945
Not applicable: 40,722
Hispanic or Latino: 5,894

Mortage Actions by Applicant Sex

Male: 420,158
Female: 163,823
Not applicable: 40,577
Information not provided by applicant in mail, Internet, or telephone application: 30,635

Mortage Actions by Agency Name

Office of the Comptroller of the Currency: 137,127
Department of Housing and Urban Development: 134,375
Consumer Financial Protection Bureau: 121,250
Federal Deposit Insurance Corporation: 112,857
Federal Reserve System: 94,756
Office of Thrift Supervision: 28,087
National Credit Union Administration: 26,741

Mortage Actions by County

Mortage Actions by City

Unknown: 228,036
Charleston – WV: 107,793
Hagerstown, Martinsburg – MD, WV: 75,337
Morgantown – WV: 53,722
Huntington, Ashland – WV, KY, OH: 51,840
Washington, Arlington, Alexandria – DC, VA, MD, WV: 35,913
Parkersburg, Marietta, Vienna – WV, OH: 28,832
Wheeling – WV, OH: 23,663
Winchester – VA, WV: 10,921
Cumberland – MD, WV: 10,368
Weirton, Steubenville – WV, OH: 9,882
Beckley – WV: 7,020
Steubenville, Weirton – OH, WV: 6,801
Parkersburg, Vienna – WV: 5,065

Mortage Denial Reasons

Unknown: 552,129
Credit history: 41,057
Collateral: 22,927
Debt-to-income ratio: 18,219
Credit application incomplete: 9,075
Other: 6,616
Unverifiable information: 1,966
Insufficient cash (downpayment, closing costs): 1,760
Employment history: 1,315
Mortgage insurance denied: 129

HOEPA Status of Mortage Loans

Not a HOEPA loan: 654,498
HOEPA loan: 695

Lien Status of Mortage Loans

Secured by a first lien: 534,878
Not applicable: 63,938
Secured by a subordinate lien: 34,291
Not secured by a lien: 22,086

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 600,294
Not owner-occupied as a principal dwelling: 52,080
Not applicable: 2,819

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 583,577
Manufactured housing: 69,477
Multifamily dwelling: 2,139

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 441,037
Fannie Mae (FNMA): 50,632
Ginnie Mae (GNMA): 48,397
Freddie Mac (FHLMC): 41,970
Affiliate institution: 21,774
Life insurance company, credit union, mortgage bank, or finance company: 18,622
Other type of purchaser: 16,278
Commercial bank, savings bank or savings association: 14,421
Private securitization: 2,058
Farmer Mac (FAMC): 4