West Virginia FHA loans are home loans insured by the FHA (Federal Housing Administration) which give West Virginia borrowers the opportunity to secure WV home loans, when they don't quality for other conventional loans. For example, future West Virginia homeowners with little credit history or poor credit history are sometimes able to qualify for West Virginia FHA loans.

West Virginia FHA Loans for First Time Homeowners

WV FHA loans are ideal for first-time West Virginia homeowners due to low down-payment requirements and flexible qualifying guidelines.

Refinancing with FHA Loans in West Virginia

FHA also offers a refinancing option for West Virginia homeowners where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.

FHA Loan Requirements - West Virginia

  1. No income limit
  2. West Virginia borrower credit score flexibility
  3. 3.5% down payment on West Virginia Purchase Loans
  4. Bankruptcy: WV FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
  5. Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)

West Virginia (WV) FHA Loan Limits

FHA loan limits in West Virginia vary based on a number of criteria including the specific. location (county), number of units in the property (up to 4-unit properties in West Virginia), etc. Please contact Home Point Financial's West Virginia FHA loan experts for details on loan limits for FHA loans in West Virginia (WV).

Contact Home Point Financial to learn more about FHA loans in West Virginia.