Which mortgage lender in the Beckley, WV area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Beckley, WV area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Beckley, WV area in terms of interest rate is Huntington National Bank, with an average “Rate Difference” of -0.12%. This means that, comparing similar borrowers, Huntington National Bank provided a -0.12% lower interest rate for its customers than other lenders in the area. Huntington National Bank has a market share of 9.7%. On the other hand, the most popular lender in the Beckley, WV area is Quicken Loans, with a larger market share of 22.3%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.06% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Beckley, WV area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Beckley, WV is Huntington National Bank. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Truist Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Huntington National Bank. The cheapest VA mortgage provider is loanDepot. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Beckley, WV
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.12% | 9.66% | |
| Truist Bank | -0.07% | 10.80% | |
| United Bank | -0.04% | 3.98% | |
| City National Bank of WV | -0.03% | 7.39% | |
| First Community Bank VA | -0.03% | 5.11% | |
| JPMorgan Chase Bank | -0.02% | 5.23% | |
| Movement Mortgage | -0.02% | 10.57% | |
| ALCOVA Mortgage | 0.00% | 10.91% | |
| loanDepot | 0.03% | 4.09% | |
| Quicken Loans | 0.06% | 22.27% | |
| PrimeLending | 0.14% | 10.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.14% | 13.54% | |
| Truist Bank | -0.06% | 10.83% | |
| City National Bank of WV | -0.03% | 3.29% | |
| Movement Mortgage | -0.02% | 17.02% | |
| United Bank | -0.01% | 2.71% | |
| JPMorgan Chase Bank | -0.01% | 3.68% | |
| ALCOVA Mortgage | 0.01% | 13.93% | |
| First Community Bank VA | 0.01% | 4.06% | |
| loanDepot | 0.03% | 2.51% | |
| Quicken Loans | 0.05% | 15.47% | |
| PrimeLending | 0.16% | 12.96% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.08% | 10.74% | |
| First Community Bank VA | -0.06% | 6.61% | |
| United Bank | -0.06% | 5.79% | |
| Huntington National Bank | -0.06% | 4.13% | |
| JPMorgan Chase Bank | -0.03% | 7.44% | |
| City National Bank of WV | -0.03% | 13.22% | |
| ALCOVA Mortgage | -0.00% | 6.61% | |
| Movement Mortgage | -0.00% | 1.38% | |
| loanDepot | 0.02% | 6.34% | |
| PrimeLending | 0.05% | 5.79% | |
| Quicken Loans | 0.07% | 31.96% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.10% | 8.95% | |
| Truist Bank | -0.08% | 13.33% | |
| United Bank | -0.04% | 5.44% | |
| Movement Mortgage | -0.03% | 5.96% | |
| First Community Bank VA | -0.03% | 7.72% | |
| City National Bank of WV | -0.02% | 11.40% | |
| JPMorgan Chase Bank | -0.02% | 7.89% | |
| ALCOVA Mortgage | 0.01% | 7.37% | |
| loanDepot | 0.05% | 2.81% | |
| PrimeLending | 0.09% | 9.47% | |
| Quicken Loans | 0.10% | 19.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.11% | 14.54% | |
| Truist Bank | -0.06% | 14.54% | |
| Movement Mortgage | -0.03% | 11.35% | |
| City National Bank of WV | -0.02% | 6.03% | |
| United Bank | -0.00% | 4.96% | |
| JPMorgan Chase Bank | -0.00% | 6.38% | |
| First Community Bank VA | 0.02% | 7.09% | |
| ALCOVA Mortgage | 0.02% | 9.22% | |
| loanDepot | 0.03% | 1.77% | |
| Quicken Loans | 0.10% | 11.70% | |
| PrimeLending | 0.11% | 12.41% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.09% | 12.15% | |
| Huntington National Bank | -0.08% | 3.47% | |
| United Bank | -0.08% | 5.90% | |
| First Community Bank VA | -0.06% | 8.33% | |
| JPMorgan Chase Bank | -0.03% | 9.38% | |
| City National Bank of WV | -0.03% | 16.67% | |
| ALCOVA Mortgage | -0.00% | 5.56% | |
| Movement Mortgage | 0.00% | 0.69% | |
| PrimeLending | 0.06% | 6.60% | |
| loanDepot | 0.06% | 3.82% | |
| Quicken Loans | 0.09% | 27.43% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.21% | 10.76% | |
| Truist Bank | -0.07% | 4.48% | |
| Movement Mortgage | -0.03% | 19.73% | |
| ALCOVA Mortgage | -0.00% | 18.39% | |
| Quicken Loans | -0.00% | 28.70% | |
| United Bank | 0.01% | 0.90% | |
| loanDepot | 0.04% | 4.93% | |
| PrimeLending | 0.25% | 12.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.22% | 12.43% | |
| Truist Bank | -0.07% | 5.41% | |
| Movement Mortgage | -0.03% | 23.24% | |
| ALCOVA Mortgage | -0.00% | 19.46% | |
| Quicken Loans | 0.01% | 22.70% | |
| loanDepot | 0.04% | 3.24% | |
| PrimeLending | 0.27% | 13.51% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.01% | 57.89% | |
| Huntington National Bank | -0.00% | 2.63% | |
| Movement Mortgage | -0.00% | 2.63% | |
| ALCOVA Mortgage | 0.00% | 13.16% | |
| United Bank | 0.01% | 5.26% | |
| PrimeLending | 0.01% | 5.26% | |
| loanDepot | 0.04% | 13.16% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.01% | 50.00% | |
| First Community Bank VA | 0.01% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Bank VA | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.04% | 10.59% | |
| Truist Bank | -0.03% | 9.41% | |
| United Bank | -0.03% | 2.35% | |
| JPMorgan Chase Bank | -0.03% | 1.18% | |
| Huntington National Bank | -0.02% | 11.76% | |
| ALCOVA Mortgage | -0.02% | 15.29% | |
| Movement Mortgage | 0.02% | 17.65% | |
| Quicken Loans | 0.03% | 23.53% | |
| PrimeLending | 0.05% | 8.24% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.04% | 10.20% | |
| JPMorgan Chase Bank | -0.03% | 2.04% | |
| Huntington National Bank | -0.02% | 12.24% | |
| ALCOVA Mortgage | -0.02% | 20.41% | |
| loanDepot | -0.01% | 4.08% | |
| Quicken Loans | -0.00% | 10.20% | |
| Movement Mortgage | 0.02% | 26.53% | |
| PrimeLending | 0.05% | 14.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.05% | 19.44% | |
| Huntington National Bank | -0.03% | 11.11% | |
| United Bank | -0.02% | 5.56% | |
| ALCOVA Mortgage | -0.02% | 8.33% | |
| Movement Mortgage | -0.02% | 5.56% | |
| Truist Bank | -0.01% | 8.33% | |
| Quicken Loans | 0.04% | 41.67% |
* Data is compiled for the Beckley, WV commuting zone area, which comprises of counties of Fayette County, WV, Greenbrier County, WV, Monroe County, WV, Raleigh County, WV, Summers County, WV, and Wyoming County, WV. This includes cities/towns/communities of Beckley, WV as well as Lewisburg, WV, Oak Hill, WV, Shady Spring, WV, White Sulphur Springs, WV, Daniels, WV, Peterstown, WV, Hinton, WV, Ronceverte, WV, Fayetteville, WV, Eccles, WV, Crab Orchard, WV, Coal City, WV, Union, WV, Stanaford, WV, Bolt, WV, Alderson, WV, Bradley, WV, MacArthur, WV, Rainelle, WV, Ansted, WV, Rupert, WV, Smithers, WV, Montgomery, WV, Meadow Bridge, WV, Hico, WV, Sophia, WV, Mullens, WV, Pineville, WV, Kopperston, WV, Oceana, WV, Page, WV, Mount Hope, WV, and Glen Fork, WV. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
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