WVHDF Movin' Up Program

What is WVHDF Movin' Up Program?

WVHDF Movin' Up Program is a first mortgage for homebuyers in West Virginia, administered by West Virginia Housing Development Fund (WVHDF).

• The WVHDF Movin' Up Program provides fixed-rate first-mortgage financing to moderate-income first-time and repeat home buyers, with no first-time homebuyer requirement, making it a strong option for current homeowners who want a change or first-time buyers who exceed Homeownership Program income limits. It uses a single statewide income limit of $171,120 and a statewide sales-price limit of $350,000, and provides access to the Fund's Low Down Home Loan for down payment/closing cost assistance. A Movin' Up Special tier offers a reduced rate and lower-cost PMI for borrowers at or below 80% of census-tract Area Median Income.
• No first-time homebuyer requirement (repeat buyers welcome).
• Generous statewide income limit of $171,120.
• Statewide sales price limit of $350,000.
• No lot size/acreage limit.
• Access to the Low Down Home Loan (up to $15,000 at 2%).
• Movin' Up Special offers reduced rate and lower-cost PMI for 80% AMI borrowers.
• Accepts FHA, VA, USDA, and conventional/PMI loans.
• Funding comes from WVHDF (Movin' Up is a Fund mortgage product; statewide income limit and no first-time buyer requirement indicate it is not financed under the same tax-exempt bond restrictions as the Homeownership Program).

Do you have to pay it back?

WVHDF Movin' Up Program is a first mortgage and is repaid under the terms set by West Virginia Housing Development Fund (WVHDF).

• The assistance is recorded in first position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

WVHDF Movin' Up Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

WVHDF Movin' Up Program limits household income to $171,120.

• 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?

WVHDF Movin' Up Program caps the purchase price at $350,000.

• Eligible property types include single-family detached, townhome, condominium (approved), unit in approved Planned Unit Development (PUD), and doublewide manufactured home (post-1976, new and existing).
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

WVHDF Movin' Up Program names veterans 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?

WVHDF Movin' Up Program serves buyers purchasing anywhere in West Virginia.

• The program targets specific areas: While Movin' Up uses a single statewide income limit, the Movin' Up Special tier is targeted to census tracts where the borrower's qualifying income is at or below 80% of Area Median Income.

How do you apply?

Applications for WVHDF Movin' Up Program go through West Virginia Housing Development Fund (WVHDF), 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 Homebuyer Education/Counseling required on conventionally insured or uninsured loans (free Fannie Mae HomeView course at fanniemae.com/education). On government-insured loans (FHA, VA, USDA), follow the insuring agency's homebuyer education guidelines. HUD-certified counseling agencies also available..

2. 2

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

   Funds are reserved through Loans are reserved/locked by WVHDF Partner Lenders through the PowerLender system (wvhdf.powerlender.com), 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.