Top Mortgage Lenders in the Beckley, WV area

Which mortgage lender in the Beckley, WV area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Beckley, WV area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Beckley, WV area is Huntington National Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.12%. This means that Huntington National Bank provided a -0.12% lower interest rate for its customers than other lenders in Beckley, WV for a similar set of borrowers. Huntington National Bank has a market share of 9.7%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 22.3%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.06% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for 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, 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 (for example, above $510,400 in 2020), 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. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.12% 9.66%
Truist Bank 2, -0.07% 10.80%
United Bank Va 3, -0.04% 3.98%
City National Bank of WV 4, -0.03% 7.39%
First Community Bank 5, -0.03% 5.11%
JPMorgan Chase Bank 6, -0.02% 5.23%
Movement Mortgage 7, -0.02% 10.57%
ALCOVA Mortgage 8, 0.00% 10.91%
LoanDepot 9, 0.03% 4.09%
Quicken Loans 10, 0.06% 22.27%
Primelending 11, 0.14% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.14% 13.54%
Truist Bank 2, -0.06% 10.83%
City National Bank of WV 3, -0.03% 3.29%
Movement Mortgage 4, -0.02% 17.02%
United Bank Va 5, -0.01% 2.71%
JPMorgan Chase Bank 6, -0.01% 3.68%
ALCOVA Mortgage 7, 0.01% 13.93%
First Community Bank 8, 0.01% 4.06%
LoanDepot 9, 0.03% 2.51%
Quicken Loans 10, 0.05% 15.47%
Primelending 11, 0.16% 12.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.08% 10.74%
First Community Bank 2, -0.06% 6.61%
United Bank Va 3, -0.06% 5.79%
Huntington National Bank 4, -0.06% 4.13%
JPMorgan Chase Bank 5, -0.03% 7.44%
City National Bank of WV 6, -0.03% 13.22%
ALCOVA Mortgage 7, -0.00% 6.61%
Movement Mortgage 8, -0.00% 1.38%
LoanDepot 9, 0.02% 6.34%
Primelending 10, 0.05% 5.79%
Quicken Loans 11, 0.07% 31.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.10% 8.95%
Truist Bank 2, -0.08% 13.33%
United Bank Va 3, -0.04% 5.44%
Movement Mortgage 4, -0.03% 5.96%
First Community Bank 5, -0.03% 7.72%
City National Bank of WV 6, -0.02% 11.40%
JPMorgan Chase Bank 7, -0.02% 7.89%
ALCOVA Mortgage 8, 0.01% 7.37%
LoanDepot 9, 0.05% 2.81%
Primelending 10, 0.09% 9.47%
Quicken Loans 11, 0.10% 19.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.11% 14.54%
Truist Bank 2, -0.06% 14.54%
Movement Mortgage 3, -0.03% 11.35%
City National Bank of WV 4, -0.02% 6.03%
United Bank Va 5, -0.00% 4.96%
JPMorgan Chase Bank 6, -0.00% 6.38%
First Community Bank 7, 0.02% 7.09%
ALCOVA Mortgage 8, 0.02% 9.22%
LoanDepot 9, 0.03% 1.77%
Quicken Loans 10, 0.10% 11.70%
Primelending 11, 0.11% 12.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.09% 12.15%
Huntington National Bank 2, -0.08% 3.47%
United Bank Va 3, -0.08% 5.90%
First Community Bank 4, -0.06% 8.33%
JPMorgan Chase Bank 5, -0.03% 9.38%
City National Bank of WV 6, -0.03% 16.67%
ALCOVA Mortgage 7, -0.00% 5.56%
Movement Mortgage 8, 0.00% 0.69%
Primelending 9, 0.06% 6.60%
LoanDepot 10, 0.06% 3.82%
Quicken Loans 11, 0.09% 27.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.21% 10.76%
Truist Bank 2, -0.07% 4.48%
Movement Mortgage 3, -0.03% 19.73%
ALCOVA Mortgage 4, -0.00% 18.39%
Quicken Loans 5, -0.00% 28.70%
United Bank Va 6, 0.01% 0.90%
LoanDepot 7, 0.04% 4.93%
Primelending 8, 0.25% 12.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.22% 12.43%
Truist Bank 2, -0.07% 5.41%
Movement Mortgage 3, -0.03% 23.24%
ALCOVA Mortgage 4, -0.00% 19.46%
Quicken Loans 5, 0.01% 22.70%
LoanDepot 6, 0.04% 3.24%
Primelending 7, 0.27% 13.51%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 57.89%
Huntington National Bank 2, -0.00% 2.63%
Movement Mortgage 3, -0.00% 2.63%
ALCOVA Mortgage 4, 0.00% 13.16%
United Bank Va 5, 0.01% 5.26%
Primelending 6, 0.01% 5.26%
LoanDepot 7, 0.04% 13.16%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.01% 50.00%
First Community Bank 2, 0.01% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
LoanDepot 1, -0.04% 10.59%
Truist Bank 2, -0.03% 9.41%
United Bank Va 3, -0.03% 2.35%
JPMorgan Chase Bank 4, -0.03% 1.18%
Huntington National Bank 5, -0.02% 11.76%
ALCOVA Mortgage 6, -0.02% 15.29%
Movement Mortgage 7, 0.02% 17.65%
Quicken Loans 8, 0.03% 23.53%
Primelending 9, 0.05% 8.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.04% 10.20%
JPMorgan Chase Bank 2, -0.03% 2.04%
Huntington National Bank 3, -0.02% 12.24%
ALCOVA Mortgage 4, -0.02% 20.41%
LoanDepot 5, -0.01% 4.08%
Quicken Loans 6, -0.00% 10.20%
Movement Mortgage 7, 0.02% 26.53%
Primelending 8, 0.05% 14.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
LoanDepot 1, -0.05% 19.44%
Huntington National Bank 2, -0.03% 11.11%
United Bank Va 3, -0.02% 5.56%
ALCOVA Mortgage 4, -0.02% 8.33%
Movement Mortgage 5, -0.02% 5.56%
Truist Bank 6, -0.01% 8.33%
Quicken Loans 7, 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 for the data comes from 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 based on the MSA, 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.

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