Raleigh County FHA Loan Calculator

For Raleigh County homebuyers utilizing FHA financing, the 11.66% average down payment offers accessible entry into a market where the average property value sits at $185,250.78. However, with a median Loan-to-Value (LTV) ratio of 88.34%, borrowers must account for mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—a critical factor when assessing an FHA loan with PMI and taxes in Raleigh County, WV. This data reflects 100% primary residence purchases, not investments.

The effective property tax rate of 0.49% is modest, and the recent -0.2% inflation-adjusted tax change provides slight relief for monthly affordability. When evaluating an FHA loan down payment in Raleigh County, West Virginia, the 6.504% average interest rate combined with the low tax burden keeps long-term costs manageable, though the permanent MIP requirement means buyers should compare total monthly obligations using a Raleigh County FHA mortgage calculator with property taxes to understand true affordability.