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First-Time Buyer loans in West Virginia

Quick answer

First-time buyers in West Virginia can use FHA (3.5% down), conventional 97 (3% down), VA or USDA loans, plus programs from West Virginia Housing Development Fund (WVHDF). On a $155,600 home, 3% down is about $4,668.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

First-Time Buyer loan snapshot for West Virginia

ItemEstimate
Minimum down payment0%–3.5%
Minimum credit score580–620
Typical WV home value$155,600
3.5% down on typical home$5,446
20% down on typical home$31,120
Avg. effective property tax0.54%/yr (~$70/mo)
Income for typical home (31% rule)$47,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which West Virginia programs pair with First-Time Buyer loans?

  • Homeownership Program: Below-market-rate loans for buyers within income and price limits.
  • Movin' Up: Financing for moderate-income buyers who may not be first-time buyers.

Details and current limits: West Virginia Housing Development Fund (WVHDF).

Compare first-time buyer loan options

LoanMin. downMin. creditMortgage insurance
FHA3.5%5801.75% upfront + annual MIP
Conventional 97 / HomeReady / Home Possible3%620PMI, removable
VA0%Lender-set (~580–620)None (funding fee)
USDA0%~6401% upfront + 0.35% annual

Who counts as a first-time home buyer?

Under HUD and most agency definitions, you're a first-time buyer if you haven't owned a principal residence in the last three years. Single parents and displaced homemakers who only owned with a former spouse may also qualify.

First-Time Buyer loans in West Virginia cities

First-Time Buyer in CharlestonFirst-Time Buyer in HuntingtonFirst-Time Buyer in MorgantownFirst-Time Buyer in ParkersburgFirst-Time Buyer in WheelingFirst-Time Buyer in MartinsburgFirst-Time Buyer in WeirtonFirst-Time Buyer in FairmontFirst-Time Buyer in BeckleyFirst-Time Buyer in ClarksburgFirst-Time Buyer in Teays ValleyFirst-Time Buyer in South CharlestonFirst-Time Buyer in St. AlbansFirst-Time Buyer in ViennaFirst-Time Buyer in Cheat LakeFirst-Time Buyer in Cross Lanes

Frequently asked questions

Yes. First-Time Buyer loans are available statewide in West Virginia through approved lenders, subject to county loan limits where they apply.

Often yes. West Virginia Housing Development Fund (WVHDF) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve West Virginia.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.