Movin’ Up Program

The West Virginia Housing Development Fund aims to help moderate-income individuals achieve their dreams of homeownership via the Movin’ Up Program.  The program is not restricted to first-time homebuyers; it is designed for those who have outgrown their current home or just want to make a change.

In addition to a home loan with an interest rate of 4.25 percent/4.751 percent APR, the Movin’ Up program offers potential buyers two option of Down Payment Assistance. $5,000 for loans with a loan-to-value ratio greater than 90 percent of the purchase price, OR $8,000 for loans with a loan-to-value ratio less than 90 percent of the purchase price.

Eligibility Requirement

• Homes being purchased must be located in the state of West Virginia.
• The Movin’ Up program only finances single-family structures, townhomes and units in approved Planned Unit Developments (PUDs) or condominiums and new multi-sectional manufactured homes.
• Depending on lender specifications, applicants must secure mortgage insurance. The West Virginia Housing Development Fund accepts all types of insurance, including FHA, VA, RD and private mortgage insurance.

Homebuyer Education
Homebuyer Education/Counseling is required for the Movin’ Up program on conventionally insured or uninsured loans. On the government insured loans (FHA, VA, and USDA) follow the insuring agencies guidelines for Homebuyer Education/Counseling requirements.

Income Limits
All applicants must fall within income limits, set at $113,760 for a one or two person household and $132,720 for a household of three or more. Income from all household parties on the note and/or taking title to the property is considered.

Note: these figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.