West Virginia Movin' Up Program

What is the West Virginia Movin' Up Program?

The West Virginia Movin' Up Program offers affordable mortgage loans to help repeat homebuyers or those needing to upgrade to a new home without income or first-time buyer restrictions.

Who qualifies for the Movin' Up Program?

The program is open to both repeat and first-time homebuyers, with eligibility based on the purchase price and credit requirements rather than income limits.

Do I need to be a first-time homebuyer to qualify?

No, the program is specifically designed to assist repeat homebuyers and those upgrading to a new home.

What is the minimum credit score required for the Movin' Up Program?

Applicants typically need a minimum credit score of 620 to qualify. Higher scores may improve eligibility and loan terms.

Are there income limits for the Movin' Up Program?

No, the program does not have income limits, making it accessible to a wide range of homebuyers.

How much down payment assistance is available?

Eligible buyers can receive up to $5,000 in down payment and closing cost assistance, or up to $8,000 for income-eligible borrowers.

What types of properties are eligible for the Movin' Up Program?

Eligible properties include single-family homes, condominiums, and townhouses. Manufactured homes may qualify if they meet program guidelines and are permanently affixed to a foundation.

What is the maximum purchase price allowed?

As of 2025, the maximum purchase price varies by county but typically ranges from $300,000 to $400,000.

Does the down payment assistance need to be repaid?

Yes, the assistance is provided as a deferred loan with no interest or monthly payments. Repayment is required if the home is sold, refinanced, or no longer used as the buyer's primary residence.

Can the program help with closing costs?

Yes, the down payment assistance can be applied to eligible closing costs, helping to reduce the upfront expenses for buyers.

Is homebuyer education required for the Movin' Up Program?

Yes, completing a homebuyer education course is required to ensure buyers are well-prepared for homeownership responsibilities.

Are there debt-to-income (DTI) ratio requirements?

The maximum allowable DTI ratio is generally 45%, but exceptions may apply for applicants with strong credit or compensating factors.

Are there restrictions on where the property must be located?

Yes, properties must be located within West Virginia and meet the program’s eligibility criteria for type and price.

Can the Movin' Up Program be used for newly constructed homes?

Yes, newly constructed homes are eligible as long as they meet the program’s purchase price and other requirements.

Can the Movin' Up Program be combined with other assistance programs?

Yes, the program can often be combined with other state or local assistance programs to maximize financial benefits for buyers.

What are the benefits of the Movin' Up Program?

The program provides affordable mortgage rates, flexible eligibility, and financial assistance for down payment and closing costs, making it easier for homebuyers to move up to their next home.

Can this program be used with FHA, VA, or USDA loans?

Yes, the Movin' Up Program can be paired with FHA, VA, USDA, and conventional loans, provided all eligibility requirements are met.

How does the deferred loan for down payment assistance work?

The deferred loan provides financial assistance without requiring monthly payments. Repayment is only required if the home is sold, refinanced, or no longer used as the primary residence.

What is the application process for the Movin' Up Program?

Applicants work with an approved lender who verifies eligibility, guides them through the application process, and helps secure both the loan and any available assistance.

Is there a fee to participate in the Movin' Up Program?

No additional fees are charged for accessing the program’s benefits, but buyers should review standard closing costs and other expenses with their lender during the process.