HOMEownership Program

• Borrowers’ gross income must fall within the county limits.
• All applicants must show proof of maintaining an average credit score and have acceptable stable income.
• The home they plan on buying must also not exceed their county’s purchase price limit.
• The  first-time buyer requirement applies to all those buying a home located in non-targeted counties (Barbour, Berkeley, Boone, Brooke, Cabell, Greenbrier, Hancock, Harrison, Jefferson, Kanawha, Marion, Marshall, Mason Mercer, Monongalia, Morgan, Ohio, Putnam, Raleigh and Wood counties). A first-time buyer includes any person who has had an ownership interest in a principal residence at any time during the three-year period ending on the date the program loan is closed.
• Any property being purchased must be located in the state of West Virginia, and must serve as the buyer’s primary residence.
• The HOMEownership Program covers the following property types: single, detached, existing, stick-built or modular homes; duplex, townhouse, or condominium units, and new double-wide mobile/manufactured homes. Property conveyed with the home transaction cannot exceed five acres.
• The HOMEownership Program requires Homebuyer Education/Counseling for conventionally insured or uninsured loans. On the government insured loans (FHA, VA, and USDA) follow the insuring agencies guidelines for Homebuyer Education/Counseling requirements.

Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.