Buying a Home in West Virginia

West Virginia Homebuyer Programs: Homeownership and Movin’ Up

The Homeownership Program primarily serves qualifying first-time buyers. Movin’ Up is described for moderate-income first-time or repeat buyers. WVHDF also publishes Low Down Home Loan assistance tied to eligible first mortgages. Ask Adam to help check which first mortgage and assistance options could fit, including program-participation requirements.

• Check current income, purchase-price, credit and property rules.
• Ask whether assistance is a repayable second loan and what happens if you sell or refinance.
• Compare total payment and cash to close with and without assistance.

Use Property-Specific Costs

Taxes and insurance differ by property. Once you have an address, ask about the current assessment, possible change after transfer, an insurance quote and any HOA dues. A home with a private well, septic system, flood risk or major repairs may need additional due diligence and a larger reserve.

Check Rural Eligibility by Address

Some West Virginia properties may qualify for USDA financing, but the official map and household income rules control. A city or county name alone cannot establish eligibility.

More Than One Financing Path

Self-Employed or Buying a Rental in West Virginia?

Your documentation and property use matter alongside your buying state. Adam can review standard mortgage options and CCM’s Non-QM paths, including bank statements, 1099 or professional P&L statements, eligible assets and DSCR investor financing.

DSCR is for investment property. Non-QM availability and terms vary by product and property; state assistance should not be assumed to work with these loans.

Before You Make an Offer

• Ask for the current property tax bill and check whether your bill could change after purchase.
• Get a homeowners insurance quote and check flood coverage needs.
• Confirm HOA dues, assessments and any program-specific property requirements.
• Ask whether assistance funds are available for your loan and closing timeline.

National Down Payment Assistance

State programs are one path. Ask Adam about national down payment assistance options, too. Their rules may differ from state housing-agency programs; the specific product, property and borrower still need a review.

Assistance is not always a grant. Some options create a second loan or require repayment when you sell, refinance or no longer meet program conditions. The rate and total payment may differ from a loan without assistance. Availability, funding and eligibility must be confirmed for your purchase.