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The West Virginia Housing Improvement Fund works with dozens of lenders to offer inexpensive housing for West Virginia residents. It not solely facilitates dwelling loans with favorable rates of interest however could make the dream of a no-down-payment mortgage come true.

And but, there may be much more homeownership assist to faucet. Try federal mortgage packages providing first-time dwelling patrons low down funds and straightforward qualifying as you look into  WV Housing Improvement Fund choices.

Nationwide first-time dwelling purchaser packages

place to begin is to analyze the low- or no-down-payment loans out there from these federally backed mortgage packages.





WVHDF highlights and eligibility necessities

These WVHDF packages are for first-time dwelling patrons and West Virginia residents. A primary-time purchaser is outlined as not having had an possession curiosity in a house throughout the previous three years. An exception to that ownership-interest requirement is accessible in sure counties or if you happen to’re an eligible veteran.

Further particulars range by program, however listed below are some fundamentals:

» MORE: Ideas for first-time dwelling patrons


WVHDF affords 30-year fixed-rate dwelling loans.
With 100% financing out there, chances are you’ll qualify with no down cost.
Provides down cost and shutting price help as much as $10,000 within the type of a separate, very-low-interest mortgage.


County limits apply to a borrower’s family earnings.
The acquisition value of the house should additionally adjust to native tips.
A house purchaser training course is required.

» MORE: Calculate your month-to-month mortgage cost

WVHDF first-time dwelling purchaser packages




Abstract: 2019 West Virginia first-time dwelling purchaser packages

The Down Cost and Closing Price Help program affords low-interest-rate loans that can assist you clear the upfront cash hurdle.
The USDA 502 Direct Mortgage Program permits no down cost and supplies cost help.
The HOME Leverage Program helps bridge the hole between what you’ll be able to qualify to borrow and the acquisition value of a house.

These packages are carried out by WVHDF approved lenders. For full particulars on any program, go to the WVHDF web site.

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