State rules / Prepayment Penalty Rules
West Virginia prepayment penalty rules
Prepayment penalties are permitted on first-lien mortgage loans only within the first three years after origination, with a maximum penalty of 1% of the original principal amount. However, prepayment penalties are prohibited on loans from industrial loan companies or secondary mortgage lenders, and cannot be charged on a refinancing that occurs within one year of the prior loan. Loans made by the West Virginia Housing Development Fund are exempt from these restrictions.
Prepayment Penalty Rules in other states
- Vermont prepayment penalty rules
- Virginia prepayment penalty rules
- Washington prepayment penalty rules
- Wisconsin prepayment penalty rules
- Wyoming prepayment penalty rules
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Researched and verified against primary sources by AI, with the controlling citation above. Not human-reviewed and not legal advice — confirm against the cited source before relying on it. Last updated July 5, 2026.