Get Pre-Qualified in Snowshoe, WV!

Financing a Snowshoe property can be tricky, primarily due to the fact that much of the mountain property is considered “unwarrantable“. This means that many Snowshoe properties do not qualify for long-term fixed-rate mortgages that can be sold on the secondary market to the Federal government (Fannie, Freddie, FHLB, etc.). Luckily, there are local Snowshoe lenders who can provide financing. I have found that Davis Trust in Elkins, WV is very easy to work with. Your loan would be held in Davis Trusts’ portfolio and underwritten as an investment property.  Davis Trust would be your underwriter, approver (up to $250,000), and servicing agent post-closing.  These loans require a 20% down payment and are currently priced at a varying rate on a 5/5 adjustable-rate mortgage (ARM).  The loan is typically amortized over 20 years but can be up to 25 years upon your request.

If you are interested in obtaining pre-approval, please complete the personal financial statement below: