West Virginia First Time Home Buyer Grants

Needing West Virginia first time home buyer grants to purchase a home? Locate the most first time home buyer grants West Virginia and other home mortgage grants here!!

So, you are considering the purchase of a home in West Virginia. Purchasing a home is an exciting experience!

Exciting and sometimes intimidating! However, don't let yourself become overwhelmed with the process. It is my plan to give you some useful information in this article about first time home buyer grants which will help find that needed down payment. Receiving a grant is like having money giving to you in a beautiful red bow!

• The state animal for West Virginia is the Black Bear.

• The state flower is the Rhododendron maximum, or "great laurel." Interestingly, this flower was selected following a vote by by its own public schools' students.

• The third largest cave in the United States can be found in West Virginia near Ronceverte.
  
• One of the first suspension bridges in the world can be found in West Virginia.

• West Virginia was declared a state by President Abraham Lincoln. This is the only state to be designated by a Presidential Proclamation.

• West Virginia is home of the first organized golf club in America.

All right, that was fun! However, I'd better stop now or else I'll never get to the West Virginia first time home buyer grants program.

First Time Home Buyer Grants West Virginia

To begin with, the State of West Virginia does offer a West Virginia first time home buyer grant program for its residents. This is good news because not all states are able to offer assistance to first time home buyers.

The state agency which maintains West Virginia first time home buyer grants is the West Virginia Housing Development Fund. The only first time home buyer grant program offered is called the "American Dream Downpayment Initiative". Applicants who are first time home buyers can obtain a loan for $10,000 for five (5) years at 0% interest with no periodic payments. The loan is totally forgivable if the borrower occupies the property for the full five (5) years and meets all the conditions of the program. In that way it becomes a grant.

Other Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in West Virginia. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program. Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Don't forget the importance of your credit score. Even if you qualify for a grant, you still have to qualify for a loan. See my information on credit repair made easy if you need help.

If you don't qualify for a first time home buyer grant, you may qualify for down payment assistance. They are sometimes easier to obtain.

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Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

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Happy House Hunting!!