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 designed for first-time homebuyers and for those who have outgrown their current home.

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October 23, 2019
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Movin’ Up Program

Financial Assistance for Homebuyers in West Virginia

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. spacer

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.

Down Payment Grants in West Virginia

West Virginia's HOMEownership Program provides eligible homebuyers with a 30-year, fixed rate mortgage loan that finances up to 100 percent of the purchase price of the home, with the option of down payment assistance.

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 designed for first-time homebuyers and for those who have outgrown their current home.

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