Homeownership Program + Movin' Up
What This Looks Like for a $350,000 Home in West Virginia
How West Virginia's First-Time Homebuyer Programs Work
WV Housing Development Fund offers Homeownership Program + Movin' Up to qualifying first-time buyers in West Virginia. Most West Virginia buyers pair this with an FHA, VA, USDA, or Conventional 97 loan, using the DPA to cover the down payment, closing costs, or both. The DPA is structured as second mortgage.
Eligibility requirements
Most West Virginia HFA programs require: (1) you haven't owned a primary residence in the last 3 years, (2) household income under ~$117,000 (county-dependent), (3) minimum FICO score of 640-680, (4) the home is your primary residence, (5) you complete a HUD-approved homebuyer education course (typically online, ~6-8 hours).
How to apply for Homeownership Program + Movin' Up
You don't apply directly through WV Housing Development Fund — you apply through one of their participating lenders. The agency lists approved lenders on their website. Get pre-approved with at least 2-3 of them: rates and fees vary, even within the same DPA program.
Combining West Virginia DPA with federal loans
Pair Homeownership Program + Movin' Up with FHA (3.5% down, 580+ FICO) for the easiest qualifying. Veterans should use VA loans (0% down) — DPA still helps with closing costs. Rural buyers should check USDA (0% down). Buyers with 3-5% down and good credit can use Conventional 97 or HFA Preferred for lower mortgage insurance.
Other West Virginia buyer benefits
Beyond DPA, ask your lender about: Mortgage Credit Certificates (MCC) for federal tax credits up to $2,000/year, employer-assisted housing programs (some West Virginia employers offer additional grants), and city/county DPA stacking (cities like the largest metros in West Virginia often add their own programs on top of state DPA).