WVHDF Homeownership Program
Funding status: Active
How much assistance
Up to $10,000 in down payment and closing cost assistance via the Low Down Home Loan; 30-year fixed-rate mortgage financing up to 100% of purchase price (Repayable Loan)
The Low Down Home Loan is a 15-year second mortgage at 2% interest that must be repaid. It is not forgivable.
Eligibility
- Income limits: Varies by county; income and house price limits set annually by WVHDF
- First-time buyer required: Yes — Must be a first-time homebuyer (have not owned a home in the past 3 years).
- Geographic restrictions: Property must be located in West Virginia.
- Homebuyer education required: Yes
How to Apply for WVHDF Homeownership Program
Step 1: Contact a WVHDF Loan Originator at 800-933-8511 or apply through a WVHDF-approved lending partner. Complete required homebuyer education prior to closing.
Notes
Income and house price limits vary by county and are updated annually. Eligible property types include single-family homes, townhomes, approved condos, and new double-wide manufactured homes. The Low Down Home Loan offers up to $10,000 when LTV is below 90%, and up to $7,500 when LTV is 90% or above.