Reverse mortgage in West Virginia
HUD's own loan records show who lends in West Virginia, where the loans are and who counsels there.
- In one year, 45 HECMs closed in West Virginia
- Median home value counted by HUD: $250,000
- In West Virginia, Longbridge Financial made the most HECMs (18)
HUD's HECM records list 45 closed reverse mortgages in West Virginia for September 2025 through August 2026, 0.2% of the nationwide total of 24,529, and 47th out of the 50 states and DC.
A single loan, 1 in total, refinanced an older HECM.
Placing West Virginia HECMs next to the national numbers
The bottom two rows come from calculator results.
| West Virginia | Against all HECMs | |
|---|---|---|
| HECMs closed | 45 | 0.2% of all 24,529 |
| Median home value counted | $250,000 | $190,000 less |
| Median principal limit | $104,709 | $89,463 less |
| Principal limit as a share of value | 41.9% | 1.5 points lower |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 0% | 5.5 points lower |
| Refinanced HECMs | 2.2% | 8.6 points lower |
| Lenders with a loan here | 7 | of 34 nationwide |
| Amount left after costs, age 70, median home, no mortgage | $83,500 | $68,040 less |
| Usable in the first year at age 70 | $44,900 | $38,704 less |
West Virginia HECM lenders ranked by loan count
HECMs in West Virginia were sponsored by 7 lenders. Of the 45 loans, 39 (87%) came from Longbridge Financial, Finance of America Reverse plus Mutual of Omaha Mortgage. Compare them with the national ranking.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Longbridge Financial | 18 | 40% |
| 2 | Finance of America Reverse | 11 | 24.4% |
| 3 |  | 10 | 22.2% |
| 4 | PHH Mortgage | 2 | 4.4% |
| 5 |  | 2 | 4.4% |
| 6 | Guild Mortgage | 1 | 2.2% |
| 7 |  | 1 | 2.2% |
Local lenders and brokers that originated West Virginia HECMs
West Virginia HECM applications went to 17 companies. Apart from the national lenders, the firms that originated the most are Movement Mortgage (8), West Capital Lending (2), Loandepot.com (2), Victorian Finance (1), T2 Financial (1), Peoples Bank (1), New American Funding (1) and Community First National Bank (1). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Where in West Virginia HECMs were made
Wood County ranked first with 6 of the 45 loans, while Berkeley followed with 4. Parkersburg (3) leads the cities, with South Charleston (2) and Charles Town (2) next, plus Hurricane (2) and Martinsburg (2). City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Wood | 6 | 13.3% |
| Berkeley | 4 | 8.9% |
| Hampshire | 4 | 8.9% |
| Jefferson | 3 | 6.7% |
| Putnam | 3 | 6.7% |
| Mercer | 3 | 6.7% |
HUD-approved counselors for reverse mortgages in West Virginia
HUD lists 2 counseling agencies for reverse mortgages based in West Virginia, located in 2 cities. Their phone numbers appear in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Fairmont, WV | The Fairmont-Morgantown Housing Authority | phone | English |
| Martinsburg, WV | Telamon Corporation - Martinsburg Branch | phone, in person, video, online, group | English, Spanish |
West Virginia property tax relief for older homeowners
Homeowners who are 65 or older and live in the home they own get a West Virginia property tax exemption on the first $20,000 of assessed value. See Property Tax Exemptions.
Who oversees reverse mortgage lenders in West Virginia
The West Virginia Division of Financial Institutions is the agency that regulates mortgage lenders and brokers across West Virginia. Mortgage | WV Division of Financial Institutions
Source: HECM portfolio snapshot from HUD, September 2025 to August 2026. All states.