Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton)

What is Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton)?

Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton) is a forgivable loan for homebuyers in Weirton, West Virginia, administered by City of Weirton (CDBG/Housing Division), Northern Panhandle HOME Consortium administered by the City of Wheeling.

• The City of Weirton, a CDBG entitlement community and member of the Northern Panhandle HOME Consortium (administered by the City of Wheeling), offers a First Time Homebuyer Program providing up to $10,000 in HOME funds toward down payment and closing costs. The assistance is a deferred, interest-free, forgivable loan secured by a lien; after the borrower occupies the home as a primary residence for 5 years, the loan converts to a grant.
• Up to $10,000 in deferred, 0% interest, forgivable down payment and closing cost assistance; loan becomes a grant after 5 years of owner-occupancy.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from HUD HOME Investment Partnerships Program funds (Northern Panhandle HOME Consortium).

How much assistance does it provide?

Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton) offers up to $10,000 in assistance.

• Buyer contribution: Borrower must contribute at least $500 of their own funds toward down payment or closing costs.
• The program can be combined with First mortgage financing; potentially WVHDF programs.
• Amounts are the program's published maximums, not an offer — City of Weirton (CDBG/Housing Division), Northern Panhandle HOME Consortium administered by the City of Wheeling determines any individual award.

Do you have to pay it back?

Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton) is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Prorated repayment if the borrower sells, transfers, or ceases to occupy as primary residence before completing the 5-year period; after 5 years the deferred loan converts to a grant.
• The assistance is recorded in Second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton) limits household income to 80% of the area median income, which varies by county and household size.

• Total annual household income must not exceed HUD Section 8 Income Limits for the Weirton/Brooke/Hancock area (~80% AMI). 2024 limits: 1-person $44,800; 2 $51,200; 3 $57,600; 4 $64,000; 5 $69,150; 6 $74,250; 7 $79,400; 8 $84,500.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton) caps the purchase price as follows: Not published; subject to HOME maximum purchase price limits and lender requirements.

• Eligible property types include Single Family.

Where does it apply?

Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton) is a federal program, so it is not limited to West Virginia.

How do you apply?

Applications for Northern Panhandle HOME Consortium First Time Homebuyer Program (City of Weirton) go through City of Weirton (CDBG/Housing Division), Northern Panhandle HOME Consortium administered by the City of Wheeling, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through CHIP (304-233-0953); CHANGE, Inc. (304-797-7733); Family Service Credit Counseling (304-232-6733); Community Action Commission of Belmont County (740-695-0293).

2. 2

   Contact City of Weirton (CDBG/Housing Division), Northern Panhandle HOME Consortium administered by the City of Wheeling to reserve funds

   Funds are reserved through Apply through the City of Weirton HOME Administrator; home must be under contract within the jurisdiction; subject to fund availability., and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.