FIRST TIME HOME BUYER PROGRAMS WEST VIRGINIA

FHA First Time Home Buyer Programs have been helping West Virginia residents since 1934 

 

FIRST TIME HOME BUYER PROGRAMS WEST VIRGINIA

A knowledgeable & licensed West Virginia 'First Time Home Buyer Program' Specialist can offer you a better loan including:

  • Low down payments (if any)

  • 24 Hour Pre-Approval

  • Low closing costs

  • Easier credit qualifying

  • Access to many of the unique

    State Specific Federal Government Backed Programs that may be available to West Virginia First Time Buyers.



West Virginia First Time Home Buyer Loan

If you’re buying your first home, then this is the perfect place to start. And don't fear: We have the first time home buyer specialist that answer all the questions you want to ask, — and, those you haven't thought of yet.  home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in West Virginia with help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

West Virginia USDA Home Loan

If you live in a small town, rural area or farmlands situated in a location approved by USDA Rural Development, you may be able to purchase a home with up to 100% financing. The United States Department of Agriculture (USDA) were designed to encourage rural development, meaning city homes are excluded. United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it can feel confident in your home financing decisions with step-by-step guidance from an experienced USDA Mortgage Banker.

 

Buying a 'Fixer Upper' in West Virginia & Adding Additional Funds for Home Improvements

An FHA 203K Purchase and Rehab Loan can work in this situation. The 203K has many advantages. Put simply it is a mortgage insured by FHA that allows a home buyer to add rehab funds into a mortgage.

VA Veterans Home Loans in West Virginia

The VA Home Loan is a Federal Program designed for United States Armed Forces, Military Retiree, Veterans, National Guard and Reservists, as well as Spouses.

West Virginia Construction Home Loan

At last, a single loan that lets borrowers finance the construction of their home. You can even 'bundle the purchase of the land' land with your construction loan under what is called the 'One Time Close' loan. Guidelines for this program, can be found by clicking here: 'FHA Construction Loan Programs'  or here: 'VA Construction Loan Programs'

Buying a 2 Family or 3 Family Investment Property in West Virginia

You can buy from a duplex residence all the way up to a 4 unit home with a Government Backed FHA Loan , as long as the property is owner occupied. .

West Virginia FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

West Virginia FHA Lending Limits 2017

West Virginia Median Home Sale Price Price $141,000

 

County Name Single Duplex 3 Unit 4 Unit
BARBOUR $275,665 $352,950 $426,625 $530,150
BERKELEY $275,665 $352,950 $426,625 $530,150
   HAGERSTOWN-MARTINSBURG, MD-WV
BOONE $275,665 $352,950 $426,625 $530,150
   CHARLESTON, WV
BRAXTON $275,665 $352,950 $426,625 $530,150
   NON-METRO
BROOKE $275,665 $352,950 $426,625 $530,150
   WEIRTON-STEUBENVILLE, WV-OH
CABELL $275,665 $352,950 $426,625 $530,150
   HUNTINGTON-ASHLAND, WV-KY-OH
CALHOUN $275,665 $352,950 $426,625 $530,150
CLAY $275,665 $352,950 $426,625 $530,150
   CHARLESTON, WV
DODDRIDGE $275,665 $352,950 $426,625 $530,150
   CLARKSBURG, WV
FAYETTE $275,665 $352,950 $426,625 $530,150
   BECKLEY, WV
GILMER $275,665 $352,950 $426,625 $530,150
   NON-METRO
GRANT $275,665 $352,950 $426,625 $530,150
GREENBRIER $275,665 $352,950 $426,625 $530,150
HAMPSHIRE $281,750 $360,700 $436,000 $541,800
   WINCHESTER, VA-WV
HANCOCK $275,665 $352,950 $426,625 $530,150
   WEIRTON-STEUBENVILLE, WV-OH
HARDY $275,665 $352,950 $426,625 $530,150
HARRISON $275,665 $352,950 $426,625 $530,150
   CLARKSBURG, WV
JACKSON $275,665 $352,950 $426,625 $530,150
JEFFERSON $636,150 $814,500 $984,525 $1,223,475
   WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-
KANAWHA $275,665 $352,950 $426,625 $530,150
   CHARLESTON, WV
LEWIS $275,665 $352,950 $426,625 $530,150
LINCOLN $275,665 $352,950 $426,625 $530,150
   HUNTINGTON-ASHLAND, WV-KY-OH
LOGAN $275,665 $352,950 $426,625 $530,150
   LOGAN, WV
MARION $275,665 $352,950 $426,625 $530,150
   FAIRMONT, WV
MARSHALL $275,665 $352,950 $426,625 $530,150
   WHEELING, WV-OH
MASON $275,665 $352,950 $426,625 $530,150
   POINT PLEASANT, WV-OH
MCDOWELL $275,665 $352,950 $426,625 $530,150
MERCER $275,665 $352,950 $426,625 $530,150
   BLUEFIELD, WV-VA
MINERAL $275,665 $352,950 $426,625 $530,150
   CUMBERLAND, MD-WV
MINGO $275,665 $352,950 $426,625 $530,150
MONONGALIA $275,665 $352,950 $426,625 $530,150
   MORGANTOWN, WV
MONROE $275,665 $352,950 $426,625 $530,150
MORGAN $275,665 $352,950 $426,625 $530,150
NICHOLAS $275,665 $352,950 $426,625 $530,150
   NON-METRO
OHIO $275,665 $352,950 $426,625 $530,150
   WHEELING, WV-OH
PENDLETON $275,665 $352,950 $426,625 $530,150
PLEASANTS $275,665 $352,950 $426,625 $530,150
POCAHONTAS $275,665 $352,950 $426,625 $530,150
PRESTON $275,665 $352,950 $426,625 $530,150
   MORGANTOWN, WV
PUTNAM $275,665 $352,950 $426,625 $530,150
   HUNTINGTON-ASHLAND, WV-KY-OH
RALEIGH $275,665 $352,950 $426,625 $530,150
   BECKLEY, WV
RANDOLPH $275,665 $352,950 $426,625 $530,150
   ELKINS, WV
RITCHIE $275,665 $352,950 $426,625 $530,150
ROANE $275,665 $352,950 $426,625 $530,150
SUMMERS $275,665 $352,950 $426,625 $530,150
TAYLOR $275,665 $352,950 $426,625 $530,150
   CLARKSBURG, WV
TUCKER $275,665 $352,950 $426,625 $530,150
TYLER $275,665 $352,950 $426,625 $530,150
UPSHUR $275,665 $352,950 $426,625 $530,150
WAYNE $275,665 $352,950 $426,625 $530,150
   HUNTINGTON-ASHLAND, WV-KY-OH
WEBSTER $275,665 $352,950 $426,625 $530,150
WETZEL $275,665 $352,950 $426,625 $530,150
WIRT $275,665 $352,950 $426,625 $530,150
   PARKERSBURG-VIENNA, WV
WOOD $275,665 $352,950 $426,625 $530,150
   PARKERSBURG-VIENNA, WV
WYOMING $275,665 $352,950 $426,625 $530,150