1. 2015 First Time Home Buyer Programs for West Virginia
Homeownership Program
Homeownership Program first time buyers can finance 100 percent of their home. Borrowers must show proof of a
stable income. Income and purchase limits vary by county. This purchase program can be combined with down
payment assistance. Qualified buyers in West Virginia may apply.
Movin’ Up Loan Program
Movin’ Up Loan Program does not have a first time homebuyer requirement, rather, it is geared towards
homebuyers that are looking to buy their next home. The Movin’ Up Program offers a purchase mortgage with
down payment assistance. The down payment assistance is as follows: $5,000 for loans with a LTV ratio greater
than 90 percent of the purchase price; $8,000 for loans with a LTV ratio less than 90 percent of the purchase price.
Qualified buyers in West Virginia may apply.
West Virginia Down Payment Assistance Program
West Virginia Down Payment Assistance Program can be used in conjunction with both the Homeownership
Program and the Movin’ Up Program. Loan amounts will range from $5,000 to $15,000 based on which first
mortgage loan was taken out, and how much financing was needed. The lower the loan to value ratio, the more
down payment assistance a borrower can receive. All down payment loans are a 15 year fixed rate loans at a
current rate of 2.5 percent. Qualified buyers in West Virginia may apply.
To apply visit http://buyerprograms.net/West-Virginia