West Virginia First-Time Homebuyer Calculator
First-time homebuyer costs in West Virginia: $4,725 FHA down payment, $3,780 closing costs, 0.58% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for West Virginia. Includes down payment, closing costs (2.8%), PMI (required below 20% down), property tax (0.58%), and homeowners insurance ($1,450/yr). Note: West Virginia requires an attorney at closing. DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
West Virginia homebuyer facts: Median price $135,000 | 20% down = $27,000 | FHA 3.5% down = $4,725 | Closing costs ~$3,780 | Property tax 0.58% | Attorney required at closing.
Frequently Asked Questions
How much do I need to buy a house in West Virginia?
For West Virginia's median home ($135,000): FHA minimum down payment is $4,725 (3.5%), plus $3,780 in closing costs. Total minimum: ~$8,505. With 20% down to avoid PMI: ~$30,780.
What are closing costs in West Virginia?
West Virginia closing costs average 2.8% of the home price, or about $3,780 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and required attorney fees. Transfer taxes are 0.22%.
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