West Virginia Low Down Home Loan
West Virginia Housing Development Fund offers Low Down Home Loan to first-time buyers in West Virginia: up to $12,000, as a repayable loan.
- Amount
- Up to $12,000
- Kind of help
- Repayable loan
- First-time buyers only
- Yes, with exceptions
How is West Virginia Low Down Home Loan paid back?
Repayable loan: 15-year fixed-rate loan at 2%; must be paid off if you refinance.
A repayable loan is a small second mortgage you pay off each month, usually in the same payment as your main home loan.
Who qualifies for West Virginia Low Down Home Loan?
- Your income before taxes must be within the limit for the county where you buy.
- First-time buyers only: yes, with exceptions.
- It comes with a first mortgage through the WVHDF's Homeownership Program.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for West Virginia Low Down Home Loan
- Ask a lender that works with West Virginia Housing Development Fund's programs, or contact the agency, before you make an offer on a home.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on West Virginia Housing Development Fund's page for Low Down Home Loan.
Ask a lender about West Virginia Low Down Home Loan
Tell us where you're buying and a lender that works with West Virginia's programs can tell you whether West Virginia Low Down Home Loan fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
More help for buyers in West Virginia
All West Virginia first-time home buyer programs · Down payment assistance in every state