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Wood County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Wood County, West Virginia based on real HMDA transaction records.

Loan Details

Wood County, WV Benchmarks

FHA averages
Typical Property Value$179,169
Average Down Payment8.5%
Average Interest Rate6.480%
Effective Tax Rate0.55%
Median Tax Paid$941/yr
Tax Growth (Historical)-3.2%
Based on 295 regional loans totaling $47,225,000 (HMDA database).
$
%

$15,229 down · $163,940 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$82 / month

$

Annual premium

$

Per month

%

$70 / month

Estimated Monthly Payment

$1,354/mo

  • Principal & Interest$1,052
  • Property Tax$82
  • Home Insurance$150
  • FHA MIP$70
Amortization · Remaining Balance

Financed Loan Amount

$166,809

Total Interest

$211,966

Total of Payments

$378,774

*Includes financed FHA Upfront MIP of $2,869

Local Market Insights

Wood County FHA Mortgage Overview

Wood County's FHA market shows an accessible entry point with a weighted average down payment of 8.47% and a median LTV of 91.53%. This low down payment is ideal for buyers with sub-620 credit scores, though it mandates MIP for the loan's life. The effective property tax rate of 0.55% is modest, and the recent -3.2% inflation-adjusted tax change slightly reduces monthly burden. When evaluating an FHA loan down payment strategy in Wood County, WV, remember to factor in both MIP and property taxes for true affordability. This data, representing 100% primary residences, highlights low-risk owner-occupancy.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.