West Virginia Mortgage Calculator 2026
West Virginia has the lowest median home prices in the continental United States at around $155,000, making it one of the most accessible states for first-time homebuyers on a tight budget. The state's low property taxes (0.59%) and low cost of living further enhance affordability.
Calculate Your West Virginia Mortgage Payment
Pre-filled with West Virginia averages — adjust any value to match your situation.
= $31,000 down
Estimated Monthly Payment Breakdown
Based on $155,000 home price, 20% down, 30-year fixed at 7.25%.
West Virginia Property Taxes & Income Tax
West Virginia's 0.59% property tax rate is well below the national average. The state offers a Homestead Exemption for qualifying seniors. West Virginia's income tax has been significantly reformed, moving toward a flat rate of 4.82% (reduced from higher rates). The overall tax burden is quite low.
West Virginia Homeowners Insurance
West Virginia faces flooding risk, particularly in the mountainous eastern counties and along river valleys. The 2016 flooding in southern West Virginia caused significant damage. Annual insurance averages $1,000–$1,400. Budget $85–$120/month.
West Virginia Housing Market Overview
West Virginia's housing market is among the most affordable in the nation. Morgantown (West Virginia University) has the most dynamic market in the state. Charleston (state capital) and Huntington offer affordable options. The state has extensive USDA-eligible rural areas, making zero-down homeownership widely accessible. Remote work has brought some new buyers to the state's scenic mountain communities.
Frequently Asked Questions
What is the average mortgage payment in West Virginia?
Based on West Virginia's median home price of $155,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $1,022/month.
What is the conforming loan limit in West Virginia?
The conforming loan limit in West Virginia is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in West Virginia?
Yes — West Virginia has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in West Virginia?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in West Virginia with no down payment and no PMI. The VA loan limit in West Virginia is $766,550.
West Virginia Loan Limits
West Virginia Homebuyer Programs
Below-market interest rate mortgages with optional down payment assistance for qualifying first-time homebuyers in West Virginia.
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