If you own a business in West Virginia, there may come a time when you must use the services of mortgage lenders in West Virginia. These companies can help you get the West Virginia mortgage that you need to secure your business location.

Many area business owners prefer to partner with mortgage companies in West Virginia. Local companies will know more about getting a mortgage in West Virginia and any state laws or taxes that apply. West Virginia finance and mortgage companies may also have in-state connections that can help you to get a better deal.

When you are looking for lenders in West Virginia, you should:

1. Check the zoning laws surrounding any property that interests you.
2. Choose mortgage brokers in West Virginia who are knowledgeable about commercial real estate.
3. Compare the rates of several different companies, including mortgage companies in West Virginia as well as nationwide lenders.
   

Action Steps
The best contacts and resources to help you get it done

Verify the qualifications of West Virginia mortgage brokers

When you are selecting a West Virginia lending company to use, always verify that they are qualified to do business. You are responsible for making sure that you are working with a legitimate business.

I recommend: The West Virginia Division of Banking allows you to search their website online for the names of any mortgage lenders in West Virginia that you are considering.

Compare mortgage rates in West Virginia with online sources

You should always compare the rates of several different lenders to make sure that you are getting the best deal. Online mortgage search sites allow you to receive quotes after filling out a short application.

I recommend: LoanNetwork.com offers free mortgage quotes from a variety of lending companies. Future Planning Financial also offers quotes to those companies looking for a mortgage in West Virginia.

Consider the West Virginia finance programs offered by local banks

It is a good idea to check in-state banks to see what their lending programs have to offer. You may find that you are able to get a better deal through local banks than by using nationwide lenders.

I recommend: United Bank offers special commercial real estate loans for West Virginia business owners. Washington Mutual is a national company that has branches in West Virginia. They also offer West Virginia mortgages. Complete their online application.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  When comparing mortgage rates in West Virginia, make sure that you're looking at rates from the same period. Because mortgage rates can fluctuate so quickly, it is essential that you are comparing apples to apples.
• •  Make sure you have excellent credit and a solid business plan before speaking with mortgage lenders in West Virginia. The company will decide whether to give you a loan based on these two things.
• •  You may be able to negotiate rates if you work directly with mortgage companies located in West Virginia. This could offer a serious advantage.