FHA Loans in West Virginia
The FHA loan limit in West Virginia is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
West Virginia's FHA limits at the baseline provide extraordinary coverage relative to the state's home prices — the limit exceeds the median home price by three to four times. This makes FHA accessible for virtually any home in the state. FHA loans are popular throughout West Virginia, particularly in the Eastern Panhandle where D.C. commuters use FHA to minimize down payment on homes that are affordable by regional standards but above the state average.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: HUD, Zillow
FHA Loan Limit
$472,030
Min Down Payment
$16,521
3.5%
Est. Monthly Payment
$3,395
PITI + MIP
Min Credit Score
580
for 3.5% down
Monthly Payment Breakdown at FHA Limit
| Home Price | $472,030 |
| Down Payment (3.5%) | $16,521 |
| Loan Amount | $455,509 |
| Monthly Costs | |
| Principal & Interest (6.5%) | $2,879 |
| FHA Mortgage Insurance (MIP) | $209 |
| Property Tax | $189 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,395 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at West Virginia's average rate of 0.48%. Includes upfront MIP of 1.75% rolled into loan.
FHA Loan Requirements
Credit Score
580+ for 3.5% down payment. 500-579 requires 10% down.
Down Payment
Minimum 3.5% of purchase price. Can be a gift from family.
Debt-to-Income
Maximum 43% DTI ratio (up to 50% with compensating factors).
Property Requirements
Must be primary residence. FHA appraisal required (stricter than conventional).
Employment
2 years of steady employment history. Self-employed need 2 years of tax returns.
Mortgage Insurance
1.75% upfront MIP + 0.55% annual MIP. Required for life of loan (unless refinanced).
FHA vs Conventional in West Virginia
| Feature | FHA | Conventional |
|---|---|---|
| Min Down Payment | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Mortgage Insurance | Life of loan | Until 20% equity |
| Loan Limit (West Virginia) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |
