Mortgage Research Center · West Virginia · 2025

Mortgage Research Center in West Virginia: approval rate, denial rate and rates (2025)

Mortgage Research Center took 1,592 mortgage applications in West Virginia in 2025, ranking #7 of 565 lenders active in the state. It originated 48.4% of them and denied 17.4% (26.1% of the applications it decided), against a statewide denial rate of 21.2%.

1.6kApplicationsin WV
26.1%Decision denial ratestate 26.7%
6.25%Median ratestate 6.62%
$225,000Median loanstate $145,000
$195MVolume55 counties

Mortgage Research Center in West Virginia vs the state

17.4%Denial rate-3.79 pts vs state
26.1%Decision denial rate-0.53 pts vs state
48.4%Origination rate-6.36 pts vs state
6.25%Median rate-0.37 pts vs state
-0.14Rate spread (pts)-0.54 pts vs state
$83kMedian applicant income
771Loans originated
277Denied

Trend in West Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,09356315.7%6.99%#9
20241,34366316.5%6.63%#8
20251,59277117.4%6.25%#7

What Mortgage Research Center lends in West Virginia

By loan purpose

Home purchase 1,023 64% · 6.8% denied
Refinance 239 15% · 26.8% denied
Cash-out refinance 330 21% · 43.3% denied

By loan type

Conventional 142 9% · 36.6% denied
FHA 91 6% · 19.8% denied
VA 1,345 84% · 15.2% denied
USDA / RHS 14 1% · 14.3% denied

Why it denied West Virginia applicants

Credit history 159 57%
Other 51 18%
Incomplete application 35 13%
Collateral 14 5%
Debt-to-income ratio 14 5%
Insufficient cash 3 1%
Employment history 1 0%

Where in West Virginia

Counties with the most Mortgage Research Center applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Berkeley County 1657836 21.8%
Kanawha County 1356921 15.6%
Raleigh County 884215 17.0%
Wood County 874511 12.6%
Jefferson County 793518 22.8%
Mercer County 703415 21.4%
Monongalia County 61329 14.8%
Harrison County 61328 13.1%
Putnam County 59249 15.3%
Cabell County 55288 14.5%

Other large lenders in West Virginia

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 3,61523.0%6.88%
Vanderbilt Mortgage and FinanceF 3,21438.5%9.99%
City National Bank of West VirginiaC 2,87025.0%6.29%
The Huntington National BankD 2,19428.1%7.00%
Truist BankC 1,77631.1%6.63%
Loandepot.ComD 1,62418.7%6.58%
WesBanco BankB 1,47516.7%6.01%
Movement MortgageA 1,1675.4%6.63%
Crosscountry MortgageB 1,1404.0%6.58%
Navy Federal Credit UnionD 1,04819.2%7.00%

Frequently asked questions

West Virginia: 1,592 applications in 2025, of which 771 were originated and 277 denied.

17.4% of all applications, or 26.1% of the applications it actually decided on. The West Virginia statewide average across all lenders was 21.2%.

The median rate on loans Mortgage Research Center originated in West Virginia in 2025 was 6.25%, against a statewide median of 6.62%.

About this data. Figures are Mortgage Research Center's own HMDA filing for properties located in West Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology