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
- $12,000 at most
- What kind of help
- A loan you repay
- Only first time buyers
- Yes, though some exceptions apply
How is West Virginia Low Down Home Loan paid back?
You repay it over 15 years at a fixed 2% rate, and refinancing means you must pay it off.
A repayable loan works as a small second mortgage, one you pay off monthly, usually together with your main home loan payment.
Who qualifies for West Virginia Low Down Home Loan?
- For the county where you buy, your income before taxes must fit within the limit.
- Some exceptions apply, but this is limited to first time buyers.
- You get it together with a first mortgage under the WVHDF's Homeownership Program.
Your county and household size set most limits. Our HUD income limits lookup shows the median income in your area and where your household falls.
How to apply for West Virginia Low Down Home Loan
- Ahead of any offer on a home, contact the agency or speak with a lender that handles West Virginia Housing Development Fund's programs
- The lender reviews your income, credit and the home under the program's rules and sets the money aside for you.
- At closing, the help is applied to your down payment and the costs of closing.
The full rules and current application status are 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.
Don't want to call? Share your details and the lender will get in touch.
Extra help for West Virginia buyers
Every West Virginia first-time home buyer program · Down payment assistance in all states