West Virginia Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in West Virginia (WV). The median home price in West Virginia is $155,600, with an effective property tax rate of 0.54% (ranked #42 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real West Virginia data.

West Virginia Property Tax Information

West Virginia has an effective property tax rate of 0.54%, ranking #42 among all 50 states. The median annual property tax is $835 ($70/month). Source: Tax Foundation 2025.

West Virginia Loan Limits 2026

FHA loan limit in West Virginia: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in West Virginia

For a median-priced home of $155,600 with 20% down ($31,120), at 6.5% interest over 30 years: estimated monthly principal and interest is $787, plus $70 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $982/month.

West Virginia Closing Costs

Average closing costs in West Virginia are $3,272 (1.14% of purchase price), ranked #32 nationally. West Virginia charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

West Virginia Housing Market 2026

Home prices in West Virginia have increased 5.8% year-over-year. Average days on market: 52. Inventory level: high. Currently considered a buyer's market.

Down Payment Assistance Programs in West Virginia

West Virginia offers 2 down payment assistance programs through West Virginia Housing Development Fund (WVHDF):

  • Homeownership Program (second mortgage): 0% interest, deferred payment second mortgage. - Up to Up to $10,000
  • Secondary Market Loan (second mortgage): FHA, VA, RD, and conventional loans with DPA options. - Up to Competitive rates

Contact WVHDF: https://www.wvhdf.com | Phone: 304-391-8600

Did You Know About West Virginia?

  • West Virginia has the 2nd lowest median home price in the nation
  • Transfer tax is $3.30 per $1,000
  • Charleston is the largest market
  • Many areas qualify for USDA rural development loans

Frequently Asked Questions About Buying a Home in West Virginia

What is the average property tax rate in West Virginia?

The effective property tax rate in West Virginia is 0.54%, with a median annual tax of $835. This ranks #42 among all states.

What are the FHA loan limits in West Virginia for 2026?

The FHA loan floor in West Virginia is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in West Virginia?

Average closing costs in West Virginia are $3,272, which is approximately 1.14% of the purchase price.

Are there first-time homebuyer programs in West Virginia?

Yes, West Virginia offers 2 down payment assistance programs through West Virginia Housing Development Fund, including grants, forgivable loans, and second mortgages.

Is West Virginia a good place to buy a home in 2026?

With a median home price of $155,600 and high inventory, West Virginia is currently a buyer's market. Home prices have increased 5.8% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.