WVHDF Movin' Up Program
How much assistance
Up to $8,000 in down payment and closing cost assistance via the Low Down Home Loan; 30-year fixed-rate mortgage (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: Statewide income limit of $171,120 regardless of household size
- Purchase price limit: $350,000
- First-time buyer required: No
- Geographic restrictions: Property must be located in West Virginia.
- Homebuyer education required: Yes
How to Apply for WVHDF Movin' Up 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
No first-time homebuyer requirement. Movin' Up Special offers reduced interest rates and lower-cost PMI for borrowers at or below 80% AMI. Eligible property types include single-family homes, townhomes, approved condos/PUDs, and new multi-sectional manufactured homes. Low Down Home Loan offers up to $5,000 when LTV is above 90%, or up to $8,000 when LTV is 90% or below.