How to Buy a House in West Virginia: Step-by-Step Guide
Follow these 10 steps to navigate the home buying process in West Virginia. Note: West Virginia requires an attorney at closing.
Check Your Credit Score & Finances
Review your credit report, calculate your debt-to-income ratio, and determine how much you can afford. Most lenders want a credit score of 620+ for conventional loans, or 580+ for FHA loans.
Get Pre-Approved for a Mortgage
Contact multiple lenders to compare rates and get a pre-approval letter. This shows sellers you're a serious buyer and tells you exactly how much you can borrow.
West Virginia Note: The current FHA loan limit in West Virginia is $472,030.
Find a Real Estate Agent
Work with a licensed West Virginia real estate agent who knows your target area. Agents are regulated by the West Virginia Real Estate Commission.
Search for Homes & Make an Offer
Browse listings in West Virginia where the average home price is $169,759. Homes typically stay on market for 62 days. When you find the right one, your agent will help you submit a competitive offer.
Get a Home Inspection
Hire a licensed home inspector to evaluate the property's condition. This typically costs $300-$500 and can save you from expensive surprises.
Secure Your Financing
Finalize your mortgage application, lock in your interest rate, and provide all required documentation to your lender. The lender will order an appraisal.
Get Homeowners Insurance
Shop for homeowners insurance in West Virginia. Your lender will require proof of insurance before closing. Compare at least 3-4 quotes.
Review Closing Disclosure
You'll receive a Closing Disclosure at least 3 business days before closing. In West Virginia, average closing costs are $10,349 (6.1% of the home price). Review every line carefully.
Close on Your New Home
West Virginia requires an attorney to be present at closing. You'll sign all final documents, pay closing costs, and receive the keys to your new home.
Move In & File Your Homestead Exemption
Congratulations! After moving in, file for West Virginia's homestead exemption (Up to $35,000) to reduce your property taxes.
West Virginia Legal Quick Reference
Conveyance
General-warranty, special-warranty or quitclaim deed
Security
Deed of trust; mortgage sometimes used
Foreclosure
Non-Judicial
Attorney
Required
Seller Disclosure Requirements
Sellers must disclose issues affecting water/sewage systems, structural defects, and problems with heating, air-conditioning, electrical and plumbing systems. They must reveal zoning violations, illegal activities (e.g., meth labs) and environmental hazards (lead paint, radon, mold, asbestos, mining). Disclosures must cover insulation, chimneys/fireplaces and problems with smoke detectors, water damage, drainage and soil.
