Down payment assistance

Down payment assistance in West Virginia

1 program can help buyers in West Virginia with a down payment and closing costs. Most are for first-time buyers with moderate incomes and are used with a participating lender.

Check which programs fit your situationDown payment assistance finder

Low Down Home Loan

Open · Repayable loan

Up to $12,000 when the loan-to-value ratio is at or above 80%

A 15-year fixed-rate second loan at 2% interest for down payment and closing costs. It is only available with the Fund's Homeownership or Movin' Up first mortgages. As a 15-year amortizing loan it is repaid, not forgiven.

Who qualifies: Must meet the Homeownership Program requirements (primarily lower-income first-time buyers; buyers in targeted counties or with no ownership in 3 years qualify) or the Movin' Up Program requirements (moderate-income first-time or repeat buyers). Income limits apply. Credit requirements per the Fund's first mortgage programs.

West Virginia Housing Development Fund · Agency website → · Checked 2026-09-30

How assistance usually works

Most programs are a second loan with no monthly payment that is forgiven over time or repaid when you sell or refinance, and some are grants. You usually need a program first mortgage from a participating lender, a homebuyer education course and income under the program’s limit. Apply before you make offers, so your pre-approval reflects the help.

More for West Virginia

West Virginia closing costs West Virginia property taxes Where can I afford to buy in West Virginia?Down payment timeline

Programs change often; confirm the details with the agency.