Mortgage Rates in Welch, West Virginia — March 2026
Updated March 2026 | Based on Welch market data and regional lending conditions
Welch is a growing city in West Virginia with a population of 2,406. The current 30-year fixed mortgage rate in Welch is 6.6%, which is 0.05% below the national average. With a median home price of $110,000 and a 20% down payment of $22,000, homebuyers can expect a monthly principal and interest payment of approximately $562.
Current Mortgage Rates in Welch, WV
Below are the current average mortgage rates available in the Welch area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.85% | 6.85% | 0% |
Welch Housing Market Overview
The Welch housing market offers relatively affordable housing compared to many major cities. The median household income in Welch is $38,900, and the cost of living index is 71.8 (national average = 100). Based on the 28% affordability rule, the median income in Welch is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Welch
Based on the median home price of $110,000 with 20% down ($22,000), here is what you can expect to pay monthly in Welch:
15-Year vs. 30-Year Mortgage in Welch
Choosing a 15-year mortgage in Welch at 5.87% instead of a 30-year at 6.6% would save you $69,840 in total interest over the life of the loan. However, your monthly payment would be $736 instead of $562 — an increase of $174 per month.
Calculate Your Welch Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Welch
What are the current mortgage rates in Welch, WV?
As of March 2026, the average 30-year fixed mortgage rate in Welch, West Virginia is 6.6%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Welch?
Based on the median home price of $110,000 with 20% down, the estimated monthly mortgage payment in Welch is $562 for principal and interest. Including property taxes of $52/month, the total monthly housing cost is approximately $614.
What income do I need to buy a home in Welch?
Using the 28% rule, you would need an annual income of approximately $26,314 to afford the median-priced home in Welch at $110,000. The median household income in Welch is $38,900. The median income is currently sufficient to meet this threshold.
Is Welch a good place to buy a home in 2026?
Welch offers a below-average cost of living with a cost of living index of 71.8 (national average = 100). The property tax rate in West Virginia is 0.57%, which is below the national average. Welch has a population of 2,406 and offers a very affordable lifestyle.
Mortgage Rates in Other West Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Welch, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.