The Homeownership Program makes buying a home more affordable for West Virginians. Primarily targeting first-time home buyers, the Homeownership Program generally offers our lowest interest rates and access to our down payment assistance loan.
These 30-year, fixed-rate loans can finance up to 100% of the home’s purchase price.
Resources
Tools & Resources
We know that buying your first home can be intimidating. But the resources available in this section aim to take some of the fear and anxiety out of your homebuying experience. Guidebooks, videos, and other tools are here to answer your questions about all parts of the mortgage process, from application to closing.
Our statewide network of partner lenders is ready to help you take your next steps on your homebuying journey. Click here to access a searchable database to locate a Partner Lender in your area.
Are you ready to take the next step? Click below to contact an experienced loan originator who can help you apply, refer you to a Partner Lender, or answer your questions about our programs.
Everything a first-time buyer needs to know in one place. From understanding your finances to closing on your loan, learn how WVHDF can help make your dream home a reality.
Gross income must not exceed the income limits in county of purchase.
Home cannot exceed sales price limits in county of purchase.
Borrowers must not have had an ownership interest in their principal residence at any time during the three-year period ending on the date the program loan is closed if they intend to purchase a residence located in a non-targeted counties.
What is the minimum credit score required for a Fund loan?
Generally, a score in the low- to mid-600s can be acceptable, but there are multiple factors that impact loan qualification. It’s best to speak with a loan officer and complete a pre-qualification to determine eligibility.
I used to own a home, but I sold it a few years ago. Do I qualify for the Homeownership Program?
Former or current primary residence ownership is allowed with some Fund loans. It’s best to speak with a loan officer to determine eligibility of your unique circumstance.
How do I get prequalified for a loan?
Contact a WVHDF Loan Originator at (800) 933-8511 or speak with a loan officer with a lender partner.
Can I have someone cosign a loan?
No. WVHDF loan programs do not allow cosigners.
Do you finance manufactured homes?
Only doublewide manufactured homes may be considered (no singlewides). Manufactured housing is a specialized dwelling type. Your loan officer can provide additional details.
I've gotten married since taking out my loan. Can I add my new spouse to the deed?
Ownership is permitted only to those considered in the loan decision review process.
