Loans for Property in West Virginia
West Virginia is a hidden gem when it comes to real estate investing. The state has a lot to offer investors, including a variety of different types of real estate and a wide range of prices. The mountain state is also home to a number of different Appalachian towns, each with its own unique charm. With so much to offer, it's no wonder that real estate investing in West Virginia is on the rise.
West Virginia Loan ApplicationInvestment Properties in West Virginia
West Virginia is a state located in the Appalachian region of the United States. It is known for its mountains and rivers, and it is a popular destination for recreation and tourism. One of the most popular tourist destinations in West Virginia is Blackwater Falls State Park. The park is home to Blackwater Falls, which is one of the tallest waterfalls in the eastern United States. Other popular tourist destinations in West Virginia include the Greenbrier resort, Harpers Ferry National Historic Park, and whitewater rafting on the New River. West Virginia's tourism industry generates billions of dollars of economic activity each year and employs thousands of people.
That is just some of what drives people to live in West Virginia today. By investing in real estate in West Virginia you can benefit from its strong housing market.
West Virginia has long been known for its coal mining industry, but that sector of the economy has declined in recent years. However, there are still many employment opportunities in the state, especially in the health care and retail sectors. For example, West Virginia United Health System is the largest employer in the state, with over 16,000 employees. Other major employers include CAMC Health System, Gabe's (a retail chain), and Esmark (a steel company). These businesses provide thousands of jobs for West Virginia residents, helping to bolster the state's economy.
Act now to take advantage of the available opportunities. Homes are selling for an average of $292,000 and there are an estimated 6,205 on the market right now - many at great prices!
If you're looking to establish recurring longer-term revenue through rental units, West Virginia is a great place for that as well. Just pick up some of the 414 properties available, with an average monthly rent of $1,003 and start building your empire.
Residents of West Virginia are 12.7% between the ages of 25 and 34, 15.1% between 35 and 44 and 40.6% over 44 years old. This can be helpful when thinking about who your target buyer or seller might be.
Apply now to make your money go further in West Virginia and start generating income through real estate investing.
That is just some of what drives people to live in West Virginia today. By investing in real estate in West Virginia you can benefit from its strong housing market.
West Virginia has long been known for its coal mining industry, but that sector of the economy has declined in recent years. However, there are still many employment opportunities in the state, especially in the health care and retail sectors. For example, West Virginia United Health System is the largest employer in the state, with over 16,000 employees. Other major employers include CAMC Health System, Gabe's (a retail chain), and Esmark (a steel company). These businesses provide thousands of jobs for West Virginia residents, helping to bolster the state's economy.
Act now to take advantage of the available opportunities. Homes are selling for an average of $292,000 and there are an estimated 6,205 on the market right now - many at great prices!
If you're looking to establish recurring longer-term revenue through rental units, West Virginia is a great place for that as well. Just pick up some of the 414 properties available, with an average monthly rent of $1,003 and start building your empire.
Residents of West Virginia are 12.7% between the ages of 25 and 34, 15.1% between 35 and 44 and 40.6% over 44 years old. This can be helpful when thinking about who your target buyer or seller might be.
Apply now to make your money go further in West Virginia and start generating income through real estate investing.
Loan Summary Information for West Virginia
Getting the right funding in West Virginia can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in West Virginia. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in West Virginia. Read on to learn more about our current offerings in West Virginia.
| Loan Products | FICO | $ Loan | Term | Rate | Points |
|---|---|---|---|---|---|
| FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
| RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
| RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
| NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only