Are You a West Virginia First Time Home Buyer? Get Help!

(Last Updated On: January 4, 2019)

If you’re a West Virginia first time home buyer, you might be able to get help with your home purchase. You could save money on your purchase, get down payment assistance and so much more!

Get more help buying a house with low income here!

We found down payment assistance in WV.

The USDA direct loan might help you. The loan does not provide true down payment assistance, but it provides 100% financing. If you’re a West Virginia first time home buyer and you live in a rural area, you could qualify for the USDA direct loan. This mortgage is intended for people who are low-income and meet credit qualifications. Funding might not always be available.

The West Virginia Housing Fund offers a variety of programs that could help you as a first time buyer. Their down payment and closing cost assistance program could help you with up to the full amount of your down payment. You will need to meet their income qualifications and other requirements to get help with the loan. If you’re a first time buyer, you might also be able to qualify for other programs through the fund.

Get more help as a West Virginia first time home buyer.

The USDA guaranteed loan is different than the direct loan in that it has different requirements and does not provide 100% financing. You will still need to meet a variety of requirements including purchasing a home in a rural area. The program can help you save money and can make it easier for you to get the mortgage you need for your home in West Va.

If you’re a West Virginia first time home buyer, the FHA might be a good option to help you with a lower than normal down payment. You will need to meet their requirements including the first time home buyer requirement. If you want the loan, you’ll also have to meet other requirements including income and credit requirements. The program might be able to help if you’re low to moderate income.

Generally, the Habitat for Humanity works with people who are in desperate situations but have shown good faith that they will benefit from a new home and a mortgage. The program requires you to meet their qualifications. You’ll also have to put sweat equity into your new home. While the process will be under the guidance of a general contractor, you and volunteers will be the labor force behind it. There is a waitlist for Habitat.

Here are military home buyer programs.

Are you a military member or a veteran entitled to VA benefits? You might be able to get help with your home purchase using the loan that’s backed by the VA! As a West Virginia first time home buyer entitled to VA benefits, you can save a lot of money. With this loan, you can get better interest rates, can get approved with a lower credit score and less money down. The VA has requirements you’ll need to meet if you want to get approved for the program. You might also be able to qualify for additional benefits if you’re a disabled veteran or if you have service-related injuries. The regional loan centers through the VA are a great place to start. They might be able to help you figure out which loans and benefits you qualify for!

West Virginia counties could provide help!

As a West Virginia first time home buyer, you might be able to get help through your county. We found counties that provide assistance for down payments, closing costs and home searches!

Berkeley County

Are you in Martinsburg? If you are shopping for a home in Martinsburg, you might be able to get help through the city’s assistance program. They offer a home buyer assistance program that might make it easier for you to purchase your home. As a West Virginia first time home buyer in Martinsburg, you might be able to get help with a deferred loan for your down payment. These loans are generally enough to cover most, if not all, of your down payment. The deferred loan is a no-interest one and does not have to be paid back until you sell the house!

Cabell County

Huntington offers programs if you’re a West Virginia first time home buyer. You might be able to get help finding a home, finding the right mortgage for your financial situation and even help with your down payment. Huntington offers a down payment assistance program that is a part of their community development department. Using down payment assistance, you might be able to get help with your down payment to make the upfront costs of owning a home so much easier for you to obtain. In addition to down payment assistance and a first time home buyer program, you can get help with homeownership counseling in Huntington!  

Kanawha County

Are you in Charleston? You might be able to get help through the economic and community development department. As a West Virginia first time home buyer, you might be able to qualify for a variety of assistance programs. These could help you save money on your purchase, find the right home for your needs and even get assistance with your down payment. You’ll need to meet the requirements to get assistance in Charleston. The city has requirements for income, credit score and residency. Funding might not always be available through the development division.

Wood County

If you’re a West Virginia first time home buyer in Parkersburg, you might qualify for assistance. You could get help with a down payment and with your mortgage. The city offers a unique deferred payment loan for qualified buyers. Using this loan, you could build and purchase a new home and get a loan for up to 40% that is deferred. This means you will not have to pay the loan back until you sell the house. The city also offers down payment assistance that could make homeownership easier. You will need to meet qualifications for credit and income to get help through Parkersburg.

Serious about buying a house? Don’t miss these other resources!

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