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  MVB Mortgage
MVB Mortgage
in Home Loans from Intercoastal Mortgage LLC · NMLS ID #56323
Unaffiliated

MVB Mortgage

Unaffiliated
in Home Loans from Intercoastal Mortgage LLC · NMLS ID #56323
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Highlights
Loan Amount N/A
Loan Term (Years) Up to 30 years
Credit Score Range N/A

MVB Mortgage Review

MVB Mortgage is offered by Intercoastal Mortgage LLC (NMLS #56323), a direct lender founded in 1997 and based in Bridgeport, WV. MVB Mortgage is available in 2 states across the USA.

Key Takeaways

  • 4 different mortgage programs offered. MVB Mortgage offers FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
  • Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
  • Standard interest rates types. MVB Mortgage only offers fixed-rate mortgages.
  • Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

MVB Mortgage Pros & Cons

Pros Cons
  • Offers financing for single family, multi-family, and manufactured homes.
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 2 states.

MVB Mortgage FAQ

What is the maximum loan term you can get with MVB Mortgage?

MVB Mortgage offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Intercoastal Mortgage LLC offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, MVB Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, MVB Mortgage offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($548,250 as of 2021).
  • USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
  • VA loans: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.

What property usage types does MVB Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. MVB Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for MVB Mortgage is (844) 682-2265.

What is the support contact email?

The support contact email for this business credit card is clientsupport@mvbbanking.com.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

About MVB Mortgage

Availability

  Available in 2 states
  • Virginia
  • West Virginia

Feature Breakdown

Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Joint Loan Applications Accepted
  • Individual Applications
Minimum Age 18
Property Type
  • Single Family Home
  • Townhome
  • Multi-Family Home
  • Manufactured/Mobile Home
Verification Documents Required
  • Driver License (or other photo ID)
  • Social Security Number
Investment
Primary Residence
Loan Term Up to 30 years
Interest Rate Types Offered Fixed-Rate Mortgage
Mortgage Programs
  • FHA
  • USDA
  • VA
  • Jumbo

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