Charleston WV First Time Home Buyers Program - Down Payment Assistance.

Charleston WV first time home buyers program with down payment assistance.

Low to moderate income families can experience the joys of owning their own home with a down payment assistance program administered through the Mayor's Office of Economic Development (MOECD) with funds received from the US Department of Housing and Urban Development (HUD).

After meeting the necessary credit score and completing the mandatory homeownership course, qualifying residents receive up to 30% of the purchase price for closing costs and down payment assistance. If you stay in the home for up to 10 years, you can see the entire 30% loan forgiven.

The home must also meet minimum standards. Charleston, WV homes that do not meet the standards can be repaired by the seller for the loan to proceed.

Annual income limits do apply. The table below lists the number of people living in your home and the maximum income allowed.

1 person - $30,350.00 2 people - $34,700.00 3 people - $39,050.00

4 people - $43,350.00 5 people - $46,850.00 6 people - $50,300.00

If you meet the above guidelines and are a first time home buyer in Charleston, WV, allow me to assist you in the process.