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West Virginia Veterans' Home Loan Mortgage Program

West Virginia Housing Development Fund (WVHDF) · Statewide, West Virginia

Last verified
See what you qualify forOfficial program site →
Price cap

$350,000

Highest purchase price the program allows

What is West Virginia Veterans' Home Loan Mortgage Program?

West Virginia Veterans' Home Loan Mortgage Program is a first mortgage for homebuyers in Statewide, West Virginia, administered by West Virginia Housing Development Fund (WVHDF).

  • A WVHDF first-mortgage program created by the WV Legislature offering eligible veterans, active-duty servicemembers, and surviving spouses of those killed in the line of duty an interest rate 1% below the Fund's standard Homeownership Program rate. There is no income limit and a $350,000 purchase-price limit. Borrowers must be WV residents and first-time buyers, complete homebuyer education, and contribute at least $2,500; the program is compatible with the Fund's Low Down Home Loan DPA second mortgage.
  • Interest rate 1% below Homeownership Program rate.
  • No income limit.
  • $350,000 price limit.
  • Stackable with Low Down Home Loan DPA.
  • For veterans, active duty, reservists, and surviving spouses.
  • Funding comes from WVHDF (created by the WV Legislature for veterans/servicemembers).

Do you have to pay it back?

West Virginia Veterans' Home Loan Mortgage Program is a first mortgage and is repaid under the terms set by West Virginia Housing Development Fund (WVHDF).

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

West Virginia Veterans' Home Loan Mortgage Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Must be a first-time homebuyer (no prior-ownership exception stated)
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through WVHDF-approved homebuyer education program
  • Residency: Must be a West Virginia resident
  • DRAFT (dpa-gap-finder 2026-06-15): pending review. Confirm current funding availability with WVHDF (an earlier release reported initially-allocated funding committed; site currently states the program is open as of June 2026). Exact rate varies with the Homeownership rate; min_credit_score not numerically stated.

The program excludes

  • Purchases above the $350,000 price cap

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

West Virginia Veterans' Home Loan Mortgage Program sets its income limit as follows: No income limit.

  • 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?

West Virginia Veterans' Home Loan Mortgage Program caps the purchase price at $350,000.

Is there eligibility for specific groups?

West Virginia Veterans' Home Loan Mortgage Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

West Virginia Veterans' Home Loan Mortgage Program serves buyers purchasing in Statewide, West Virginia.

How do you apply?

Applications for West Virginia Veterans' Home Loan Mortgage Program go through West Virginia Housing Development Fund (WVHDF), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through WVHDF-approved homebuyer education program.

  2. Contact West Virginia Housing Development Fund (WVHDF) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  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.

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