First-Time Home Buyer West Virginia 2026
Your complete guide to buying your first home in West Virginia. 2+ down payment assistance programs, FHA loans from 5.88%, and step-by-step guidance.
What First-Time Buyer Programs Are Available in West Virginia?
West Virginia offers 2 major first-time home buyer assistance programs. These include WVHDF Homeownership Program, WVHDF Movin Up. Programs provide up to Rate reduction in down payment assistance through grants, forgivable loans, and below-market interest rates.
How Much Do I Need to Buy in West Virginia?
You can buy a home in West Virginia with as little as $0 down. VA and USDA loans require zero down payment. FHA loans need just 3.5% ($$5,075), and conventional loans start at 3% ($$4,350) on the median price of $145,000.
| Loan Type | Down Payment | $ Amount | Monthly P&I | Min Credit |
|---|---|---|---|---|
| VA Loan | 0% | $0 | $854 | 620 |
| USDA Loan | 0% | $0 | $877 | 640 |
| Conventional 3% | 3% | $4,350 | $851 | 620 |
| FHA Loan | 3.5% | $5,075 | $828 | 580 |
| Conventional 20% | 20% | $29,000 | $701 | 620 |
West Virginia Down Payment Assistance Programs
WVHDF Homeownership Program
Below-market rate mortgage
WVHDF Movin Up
DPA as second mortgage
5 Steps to Buy Your First Home in West Virginia
To buy your first home in West Virginia, start by checking your credit score, getting pre-approved, and researching DPA programs. The entire process typically takes 30-60 days from pre-approval to closing. Here's your step-by-step roadmap.
Check Your Credit & Finances
Review your credit score (aim for 620+), calculate your debt-to-income ratio, and save for closing costs. In West Virginia, you may need as little as $5,075 for an FHA down payment.
Get Pre-Approved
Compare rates from at least 3 lenders. Current West Virginia rates: 6.08% (30-year), 5.88% (FHA). Pre-approval shows sellers you're serious and locks your rate.
Apply for West Virginia DPA Programs
West Virginia has 2+ DPA programs. The WVHDF Homeownership Program offers up to Rate reduction. Apply early—funding can be limited.
House Hunt & Make an Offer
Popular cities in West Virginia: Charleston, Huntington, Morgantown, Parkersburg, Wheeling. Median price is $145,000 (+5.0% YoY). Work with a local real estate agent who knows the market.
Close on Your New Home
Closing costs in West Virginia typically run 2-5% of the purchase price ($4,350-$7,250). Some DPA programs also cover closing costs.
Start Your West Virginia Home Buying Journey
Get pre-approved in minutes and see what you qualify for.
Get Pre-Approved NowWest Virginia First-Time Buyer FAQ
What first-time home buyer programs are available in West Virginia?
West Virginia offers 2 major programs: WVHDF Homeownership Program, WVHDF Movin Up. These provide grants, forgivable loans, and below-market rates for down payment and closing cost assistance.
How much down payment do I need in West Virginia?
As little as $0 (VA/USDA), $$4,350 (3% conventional), or $$5,075 (3.5% FHA) on the median price of $145,000.
What income do I need to buy in West Virginia?
Using the 28% rule, you'd need approximately $$35,492/year. The median household income in West Virginia is $48,037.
What is the FHA loan limit in West Virginia?
The 2026 FHA loan limit in West Virginia is $472,030. The conforming loan limit is $766,550.