West Virginia VA Loans
Whether you receive PCS orders to relocate to West Virginia or are already a resident, purchasing a home can be a great financial move. Using a VA loan in West Virginia has many benefits for seasoned and first-time homebuyers alike.
With the average listing price of a home in West Virginia landing at $241,511, the VA loan’s signature $0-money-down benefit is a considerable advantage for West Virginia homebuyers.
See also: VA Loan Options for Other States
How to get a VA Loan in West Virginia
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Morgantown, WV, you'll need to find a lender licensed in West Virginia to do the loan.
Other Considerations for Getting a VA Loan in West Virginia
VA borrowers in West Virginia should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
West Virginia VA Loan Limits
As of January 1, 2020, VA borrowers in West Virginia with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, veterans without their full VA loan entitlement are still bound to West Virginia’s VA loan limits.
West Virginia VA Loan Limits by County
| County | Loan Limit |
|---|---|
| Jefferson | $1,089,300 |
| All other areas | $726,200 |
Property Taxes in West Virginia
Another consideration for VA buyers in West Virginia is property taxes. For certain VA buyers, there are exemptions.
You may be eligible for a property tax exemption in West Virginia if you meet one of the following conditions:
- A veteran over the age of 65 or a 100 percent disabled veteran is exempt from paying taxes on the first $20,000 of assessed value on self-occupied property if the veteran was a resident of the state at the time they entered the military
If you are required to pay property tax in West Virginia, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Barbour | 0.41% |
| Berkeley | 0.68% |
| Boone | 0.69% |
| Braxton | 0.50% |
| Brooke | 0.63% |
| Cabell | 0.64% |
| Calhoun | 0.45% |
| Clay | 0.37% |
| Doddridge | 0.61% |
| Fayette | 0.66% |
| Gilmer | 0.49% |
| Grant | 0.34% |
| Greenbrier | 0.44% |
| Hampshire | 0.41% |
| Hancock | 0.69% |
| Hardy | 0.46% |
| Harrison | 0.63% |
| Jackson | 0.58% |
| Jefferson | 0.61% |
| Kanawha | 0.68% |
| Lewis | 0.52% |
| Lincoln | 0.52% |
| Logan | 0.56% |
| Marion | 0.69% |
| Marshall | 0.51% |
| Mason | 0.70% |
| McDowell | 0.65% |
| Mercer | 0.52% |
| Mineral | 0.55% |
| Mingo | 0.55% |
| Monongalia | 0.52% |
| Monroe | 0.44% |
| Morgan | 0.61% |
| Nicholas | 0.52% |
| Ohio | 0.65% |
| Pendleton | 0.46% |
| Pleasants | 0.62% |
| Pocahontas | 0.33% |
| Preston | 0.49% |
| Putnam | 0.60% |
| Raleigh | 0.59% |
| Randolph | 0.50% |
| Ritchie | 0.64% |
| Roane | 0.44% |
| Summers | 0.39% |
| Taylor | 0.61% |
| Tucker | 0.40% |
| Tyler | 0.60% |
| Upshur | 0.49% |
| Wayne | 0.57% |
| Webster | 0.40% |
| Wetzel | 0.56% |
| Wirt | 0.48% |
| Wood | 0.64% |
| Wyoming | 0.42% |
How VA Loans Work in West Virginia
View the graphic below to learn more about how VA loans work in West Virginia.
