The HOMEownership Program, a part of the West Virginia Housing Development Fund, offers both a 30-year mortgage loan as well as down payment assistance.

If the loan-to-value (LTV) is higher than 90%, $7,500 will be offered as down payment assistance. If the LTV is lower than 90%, $10,000 will be offered.

Applicants have to fall within defined income limits. Applicants also have to show that they can maintain a stable credit score, have a steady source of income, and are financially responsible. Furthermore, the house the applicant is buying must fall within defined sales price limits, which vary by location.

If the applicant is buying a house in a non-designated target area (Barbour, Berkeley, Boone, Brooke, Cabell, Greenbrier, Hancock, Harrison, Jefferson, Kanawha, Marion, Marshall, Mason Mercer, Monongalia, Morgan, Ohio, Putnam, Raleigh or Wood county), then they must be a first-time homebuyer. The house must be in West Virginia and be owner-occupied. The property being purchased cannot be larger than 5 acres.

The applicant may have to partake in homebuyer education and/or counseling.

Other programs in West Virginia:

• Movin’ Up Program

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