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8 Best West Virginia Mortgage Lenders of 2020

NerdWalletJanuary 2, 2020

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See top mortgage lenders in West Virginia for a variety of borrowing needs.

Whether you're buying a home or refinancing your home loan in West Virginia, you have a broad selection of mortgage companies.

To narrow down your choices and simplify the process, NerdWallet has put together this list of reviewed lenders in West Virginia that offer a variety of loan products.

Summary of Best West Virginia Mortgage Lenders of 2020

LenderNerdWallet Rating Minimum Credit Score Minimum Down PaymentLearn More

Quicken Loans

at Quicken Loans

Best for: FHA loans

620

3%

at Quicken Loans

loanDepot

at loanDepot

Best for: FHA loans

620

3.5%

at loanDepot

BB&T

Best for: cash-out refinancing

N/A

N/A

Read review

Wells Fargo

Best for: cash-out refinancing

620

3%

Read review

Veterans United

at Veterans United

Best for: VA loans

660

0%

at Veterans United

Navy Federal

Best for: VA loans

N/A

0%

Read review

PrimeLending

Best for: USDA loans

620

3%

Read review

PNC

Best for: jumbo loans

N/A

10.11%

Read review
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at Quicken Loans

Quicken Loans: NMLS#3030

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Min. Credit Score

620

Min. Down Payment

3%

at Quicken Loans


Why we like it

Ideal choice for convenience and quick-response customer service. Quicken Loans provides just about all the services your neighborhood lender does — with online convenience.

Pros

  • Quicken Loans couples a fully online application with available mortgage advisors for those who want a human touch.

  • Instantly verifies employment and income for more than 60% of working Americans.

  • Offers custom fixed-rate loan terms that are between eight and 30 years.

  • Provides FHA-backed loans, USDA loans as well as products offered by Freddie Mac and Fannie Mae that require down payments as low as 3%.

Cons

  • Quicken Loans doesn't offer home equity loans or HELOCs.

  • If you’re a “look me in the eye” type of customer, you’re out of luck.

  • Doesn’t consider alternative credit data. It just looks at credit scores and debt-to-income ratios, the way most mortgage lenders always have.

Read Full Review
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at loanDepot

loanDepot: NMLS#174457

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Min. Credit Score

620

Min. Down Payment

3.5%

at loanDepot


Why we like it

Ideal for borrowers looking to get a mortgage with help from a loan officer. Digital back-office operations are said to add efficiency to the loan process.

Pros

  • Offers digital income, asset and employment verification.

  • Has over 150 affiliated loan stores nationwide for customers who prefer face-to-face service.

  • One of the nation’s most active lenders of FHA and VA loans.

Cons

  • Published mortgage rates include up to three points of prepaid interest and fees.

  • Does not offer home equity loans or lines of credit.

Read Full Review

BB&T: NMLS#399803

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National / Regional

Regional

Max LTV

80%


Why we like it

Ideal for borrowers who want flexibility. Offers two payment options and the ability to convert all or part of the HELOC balance into a fixed-rate option.

Pros

  • Up to three loans of at least $5,000 each can be converted to a fixed-rate option.

  • Discount introductory interest rate when taking an initial draw of $15,000 or more.

  • Flexible payment options during draw period: interest only or 1.5% of outstanding balance.

Cons

  • Discount introductory rate expires after one year.

  • You may have to pay closing costs if you pay off the credit line within 36 months of origination.

Read Full Review

Wells Fargo: NMLS#399801

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Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for borrowers looking for a national lender with a complete selection of mortgage products for home buyers in all financial stages.

Pros

  • Loan programs to educate and assist first-time home buyers, union members and others.

  • Relocation and employee mortgage programs for many large companies.

  • Accepts down payments as low as 3% on fixed-rate mortgages through its yourFirst Mortgage program.

Cons

  • Government actions and scandals have damaged consumer trust.

Read Full Review
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at Veterans United

Veterans United: NMLS#1907

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Min. Credit Score

660

Min. Down Payment

0%

at Veterans United


Why we like it

Ideal for veterans and active-duty service members. Veterans United is the nation's largest VA home purchase lender but also offers an excellent selection of other government and conventional loans.

Pros

  • Also offers FHA, USDA and conventional loans.

  • Offers 24/7 customer service.

  • You can complete a loan application and pre-qualify online.

  • Registers a low volume of complaints filed with the Consumer Financial Protection Bureau.

  • Offers free credit score education and assistance.

  • Provides a client advocate team staffed by former senior enlisted leaders from each branch of the armed forces.

Cons

  • Doesn’t offer home equity loans or HELOCs.

  • Loans are available in all 50 states, but Veterans United has offices in only about half.

Read Full Review

Navy Federal: NMLS#399807

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National / Regional

National

Min. Down Payment

0%


Why we like it

Ideal for military members and their families. Navy Federal Credit Union offers a wide range of mortgage products, an online application and considers alternative credit data for certain loan types.

Pros

  • Wide range of affordable mortgage products designed for military members.

  • Willing to look at nontraditional credit data, such as rent payments, as part of its credit evaluation for certain products.

  • Online application for preapproval with quick decision.

Cons

  • Website does not provide customized mortgage rates based on credit score or other factors before you apply.

Read Full Review

PrimeLending: NMLS#13649

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Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for borrowers with past credit issues and those looking for down payment and closing cost assistance programs.

Pros

  • Low rate of consumer complaints filed with the Consumer Financial Protection Bureau.

  • Offers a "float-down" interest rate lock.

  • Offers a proprietary closing-cost assistance program.

Cons

  • No online mortgage rates.

  • Charges an origination fee.

  • Doesn't offer home equity products.

Read Full Review

PNC: NMLS#446303

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National / Regional

National

Min. Down Payment

10.11%


Why we like it

Ideal for those looking for online application support and a variety of jumbo loan term options

Pros

  • Online tools help you estimate mortgage payments and track application progress.

  • Interest-only and cash-out jumbo options available.

  • $5 million max jumbo loan amount.

Cons

  • It's not possible to complete the entire mortgage process online.

  • Typical fees range from 3% - 5% of the loan amount

Read Full Review

Last updated on January 2, 2020

Methodology

NerdWallet's selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best West Virginia Mortgage Lenders of 2020