See why WesBanco is a better mortgage partner.

Over the years, we have established an excellent working relationship with Freddie Mac, Fannie Mae, FHA, VA, and a number of local and state housing funds (Ohio Housing Finance Agency, West Virginia Housing Development Fund), thereby allowing us a wide selection of mortgage programs to offer.

We make it extremely convenient for you to get started on your application – whether for a pre-qualification or to actually apply for your dream home. We offer face-to-face appointments during normal business hours, evenings or weekends, telephone interviews or Internet applications. Our Mortgage Loan Specialists can assist you every step of the way.

Specialists in the field of mortgage lending, WesBanco Bank’s experienced loan officers will help you select the loan that best suits your needs and expectations for the purchase or building of a new home or to refinance an existing residential property.

Call our toll free number at (877)682-7944.

Available Loan Programs

Conventional Fixed Rate Loans

WesBanco offers a variety of fixed rate loans with varying terms, down payment requirements, and competitive rates.

Fixed rate loans offer the convenience of a fixed principal and interest payment over a fixed period of time. This is nice for budgeting.

Conventional loans refer to loans that are not insured by a government agency and have either a fixed or adjustable rate. Private mortgage insurance is typically required when the loan amount exceeds 80% of the value.

Subject to Credit Approval

Conventional Adjustable Rate Loans (ARM)

An adjustable rate mortgage, commonly referred to as an ARM, has an interest rate that may change during the term of the loan.

Generally, adjustments are determined by a margin and an index so interest rate changes, up or down, are based on market conditions at the time of the adjustment. Most often these interest rate changes are limited by a rate change cap and a lifetime cap.

If you apply for an adjustable rate mortgage, the lender is required to provide you with an ARM Program Disclosure that describes the terms of the loan.

Conventional loans refer to loans that are not insured by a government agency and have either a fixed or adjustable rate. Private mortgage insurance is typically required when the loan amount exceeds 80% of the value.

Subject to Credit Approval

Conventional Jumbo Loans

Conventional JUMBO loans refer to loans that are not insured by a government agency, have either a fixed or adjustable rate and exceed the maximum loan amounts established by Fannie Mae or Freddie Mac. Private mortgage insurance is typically required when the loan amount exceeds 80% of the value.

Subject to Credit Approval

Veteran's Administration (VA)

VA loans are exclusively designed for eligible veterans of military service. Eligibility requirements vary during peace times vs. times of military action. Initially a VA loan was a one-time benefit, but now it may be used multiple times. The advantage of a VA loan is that a down payment is normally not required and the Federal Government guarantees the loan.

Subject to Credit Approval

Federal Housing Administration (FHA)

The FHA is a department of the U. S. Department of Housing and Urban Development (HUD) that insures low down payment mortgages granted by some lenders. The loan must meet the established guidelines of FHA in order to qualify for the insurance. FHA loans are mortgages insured by the Federal Government and allow for a minimal down payment. FHA does not have an income limit and is not geared to first-time buyers however there are maximum loan amounts determined by HUD.

Subject to Credit Approval

First Time Home Buyer

WesBanco is committed to addressing the needs of low- and moderate-income individuals and low- and moderate-income geographies. As a result, WesBanco offers flexible loan programs that are designed to address the credit needs of the communities we serve.

State Bond Programs
The West Virginia Housing Development Fund Mortgage Revenue Bond Program is often known throughout West Virginia as the "first-time home buyer" program. This program provides 25 to 30-year, competitively priced, fixed-rate mortgages. One special feature of this program is the Home Ownership Assistance Program which provides a loan for down payment and closing cost assistance to qualified borrowers. Income and house price limits apply. You may not need to be a first-time home buyer to qualify. In targeted counties, there is no requirement of first-time buyer status. In addition, the first-time buyer status is defined as someone who has not owned and occupied their principal residence in the past 36 months.

Subject to Credit Approval

WesBanco's Freedom Mortgage Loan

WesBanco is committed to being an active partner in our neighborhoods. The Freedom Mortgage Loan may expand opportunities for income qualified borrowers purchasing affordable housing.

Customers can be pre-qualified for any of these programs and can apply for assistance grants for down payment and/or closing costs.

Counseling and homebuyer education programs are also available to help prospective homebuyers understand some of the complexities of homeownership.

Subject to Credit Approval

Specialty Programs

WesBanco offers a variety of special programs such as construction permanent and land only loans.

Subject to Credit Approval

Refinancing

Whether you have a high fixed rate that you want to lower or an adjustable that you want to convert to a fixed rate, WesBanco can help. Refinancing is an excellent way to utilize your equity for education funds for college, debt consolidation, financial planning (increase/decrease monthly obligations by increasing/decreasing length of repayment) and acquisition of other assets.

Subject to Credit Approval

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