Offered by the West Virginia Housing Development Fund, the Movin’ Up Program offers a loan with 4.25% interest (4.751% APR) (as of August 2020) as down payment assistance.
If the loan-to-value (LTV) is higher than 90%, $5,000 will be offered. If the LTV is lower than 90%, $8,000 will be offered.
In order to be applicable, the property must be a single-family structure, townhouse, condominium, manufactured home, or Planned Unit Development unit in West Virginia.
The applicant may have to partake in homebuyer education and/or counseling.
As of 2020, the income limits that applicants have to fall within are as follows:
- -1-2 person household: $113,760
- -3+ person household: $132,720
Other programs in West Virginia: