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Some quick facts on West Virginia owner occupied homes with a mortgage1:
The median West Virginia home price is $91,586.
82.6% of home owners in West Virginia have only a single mortgage.
Only 0.5% of West Virginia home owners have both a second mortgage and a home equity loan.
While the median income for all of West Virginia is $40,827, the median income for owner occupied West Virginia homes with a mortgage is $49,750.
The median monthly West Virginia housing cost is $769.
West Virginia Median Annual real estate taxes are $477.
The Experian Credit score for West Virginia is exactly the national average, 678.
Non-business bankruptcies in West Virginia have gone from 8,369 in 2000 to 11,287 in 2004.
The Division of Banking regulates mortgage lenders and brokers. Approximately 350 lenders and brokers are licensed in the State of West Virginia. Licensee lists are available from the Division of Banking’s website at www.wvdob.org.
West Virginia substantially amended the scope of mortgage regulation in 2000, requiring primary lien lenders and brokers to obtain a license for the first time in addition to continued regulation of subordinate lien lenders and brokers. The Division of Banking issues both Mortgage Lender and Mortgage Broker licenses to entities conducting mortgage lending and brokering on real estate located in West Virginia. Amendments to the statute were enacted in 2001 with additional changes expected in 20022.
West Virginia Counties:
Barbour County, Berkeley County, Boone County, Braxton County, Brooke
County, Cabell County, Calhoun County, Clay County, Doddridge County,
Fayette County, Gilmer County, Grant County, Greenbrier County,
Hampshire County, Hancock County, Hardy County, Harrison County,
Jackson County, Jefferson County, Kanawha County, Lewis County,
Lincoln County, Logan County, McDowell County, Marion County, Marshall
County, Mason County, Mercer County, Mineral County, Mingo County,
Monongalia County, Monroe County, Morgan County, Nicholas County,
Ohio County, Pendleton County, Pleasants County, Pocahontas County,
Preston County, Putnam County, Raleigh County, Randolph County,
Ritchie County, Roane County, Summers County, Taylor County, Tucker
County, Tyler County, Upshur County, Wayne County, Webster County,
Wetzel County, Wirt County, Wood County, Wyoming County
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
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