West Virginia
Welcome to West Virginia
West Virginia, known as the Mountain State, is a land of natural beauty, rich history, and welcoming communities. From the rolling hills of the Appalachian Mountains to charming small towns, West Virginia offers a peaceful, scenic environment ideal for veterans and their families. The state’s low cost of living, affordable housing, and veteran-friendly programs make it an attractive destination for those seeking tranquility and support.
West Virginia's economy thrives on industries such as energy, healthcare, and tourism, with numerous state parks and outdoor recreational activities available throughout the year. The state prides itself on its deep military heritage, with a strong sense of community and appreciation for those who have served. Veterans can enjoy a variety of benefits, including tax exemptions, property relief, and educational opportunities. Military Home Spot Lending is here to help you explore your housing options in this beautiful and supportive state.
Major West Virginia Cities
West Virginia’s major cities offer a blend of economic growth, cultural experiences, and outdoor adventure. Whether you’re drawn to the vibrant capital of Charleston, the university atmosphere in Morgantown, or the historic charm of Huntington, each city offers its unique opportunities for veterans and families.
Quick Links To Other City Pages
Veteran Benefits in West Virginia
West Virginia provides numerous benefits to support its veteran community, making homeownership and daily living more affordable and accessible. From property tax exemptions to free education programs for dependents, the state ensures that those who have served are well taken care of.
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West Virginia Veterans Homes
West Virginia operates a veterans home in Barboursville and a nursing facility in Clarksburg. Eligibility requires West Virginia residency for at least 30 days prior to application (or entry into service from West Virginia), an honorable discharge, and at least 12 months of active duty service. Charges are based on income.
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West Virginia Veteran Financial Benefits
All military pay is exempt from state tax if stationed out-of-state. Retired pay and SBP payments are also tax-free. The Disabled Veterans Homestead Exemption provides property tax relief for veterans with 100% permanent and total service-connected disabilities. Veterans who served during the War in Afghanistan may be eligible for a cash bonus of $600 for service in a combat zone or $400 for non-combat service.
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West Virginia Veterans Preference for State Jobs
Wartime veterans with an honorable discharge receive a 5-point addition to their score on state employment tests. An additional 5 points are awarded to those with a Purple Heart or VA disability.
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West Virginia Veteran Education Benefits
The State War Orphans Education Assistance offers free state college tuition to children of veterans who died on active duty during a wartime period or due to wartime injuries, aged 16 to 23. The Veterans Re-Education Act Fund provides tuition assistance for veterans who have exhausted their GI Bill benefits. Tuition and mandatory fees are waived at all state colleges for West Virginia residents who are Medal of Honor or Purple Heart recipients.
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West Virginia Veteran Recreation Benefits
Veterans with a 100% service-connected disability, or those in receipt of the VA automobile grant, are exempt from needing hunting and fishing licenses. Active duty residents do not need licenses while home on leave. A 10% discount is available on lodge rooms, cabins, and campsites at state parks for veterans and active duty members.
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West Virginia State Veterans Cemetery
The Donel C. Kinnard Memorial State Veterans Cemetery in Dunbar provides free burial for veterans and a small fee for spouses and dependent children. Eligibility mirrors national cemetery standards.
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Headstone Placement
The Jack Bennett Fund helps cover the cost of installing VA-provided grave markers for families who demonstrate financial need, offering up to $380 to offset these costs.
West Virginia's Military Presence
West Virginia hosts several critical military installations, contributing to national defense while providing support for active-duty personnel, reservists, and National Guard members. These bases facilitate key training operations, logistical support, and administrative functions for the military's readiness and efficiency.
- Camp Dawson: Located near Kingwood, this National Guard training site plays a crucial role in preparing soldiers for both state and national defense operations.
- Yeager Air National Guard Base: Situated at the Charleston Airport, this base is home to the 130th Airlift Wing, providing tactical airlift capabilities and disaster response operations.
- Shepherd Field Air National Guard Base: Located in Martinsburg, this facility houses the 167th Airlift Wing, focusing on air mobility and cargo transportation missions.
- U.S. Coast Guard Marine Safety Unit Huntington: Operating along the Ohio River, this Coast Guard unit ensures maritime safety, security, and environmental protection in the region.
VA Loans in West Virginia
VA Home Loan Volume in 2024 in West Virginia*
|
Total Loans |
2,162 |
|
Average Loan Amount |
$284,289 |
|
Total Loan Amount (ALL) |
$614,632,916 |
|
Total Purchase Loans |
1,588 |
|
Total Purchase Loans % |
73.45% |
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Total IRRRL Loans |
227 |
|
Total IRRRL Loans % |
10.50% |
|
Total Cash-Out Loans |
347 |
|
Total Cash-Out Loans % |
16.05% |
*Data pulled from the Department of Veterans Affairs.
West Virginia VA Loan Requirements
VA loan requirements in West Virginia align with federal standards, ensuring veterans, active-duty personnel, and eligible surviving spouses can access the benefits they deserve. Eligibility is determined by service history, duty status, and discharge conditions. Veterans must obtain a Certificate of Eligibility (COE) to verify their entitlement.
To qualify for a VA loan, applicants generally need to meet one of the following service requirements:
- 90 days of active service during wartime
- 181 continuous days of active service during peacetime
- 6 or more years of service in the National Guard or Reserves
- Unremarried surviving spouse of a servicemember who died in the line of duty or due to a service-related disability
Additional requirements include meeting lender credit standards, maintaining the property as a primary residence, and ensuring the home meets VA appraisal guidelines.
West Virginia VA Loan Limits
VA loan limits in West Virginia follow the standard national conforming loan limit of $766,550 for a single-family home. These limits can fluctuate based on county-level housing prices. Veterans with full entitlement are not subject to loan limits and can borrow without a down payment, as long as the lender approves the loan amount.
Counties with higher housing costs may have elevated loan limits, offering flexibility for veterans purchasing homes in more expensive areas.
VA Loan Entitlement in West Virginia
VA loan entitlement represents the amount the VA guarantees to the lender. Veterans with full entitlement can borrow up to 25% of the loan amount with no down payment. If part of the entitlement is already used, remaining entitlement can be applied to additional loans, though a down payment may be required.
Key points regarding entitlement:
- Full Entitlement: No loan limits if full entitlement is available, meaning veterans can borrow as much as their lender allows without a down payment.
- Remaining Entitlement: Veterans who have used part of their entitlement can still qualify for another VA loan but may need to provide a down payment depending on the loan size and remaining entitlement.
VA Loan Rates in West Virginia
VA loan rates in West Virginia are typically lower than conventional loan rates, providing veterans with competitive financing options. Rates fluctuate based on factors such as economic conditions, credit scores, and loan terms. Veterans can take advantage of rate reductions through streamlined refinancing programs (IRRRL).
To secure the best rates, veterans should maintain a strong credit profile, compare lenders, and inquire about rate discounts for automatic payments or other promotions.
Types of VA Mortgage Programs in West Virginia
- VA Purchase Loan: Designed for veterans purchasing a new home. This program offers favorable terms, including no down payment and no private mortgage insurance (PMI).
- VA Cash-Out Refinance: Allows veterans to refinance an existing mortgage or take cash out of their home equity, up to 100% of the home's value.
- VA Interest Rate Reduction Refinance Loan (IRRRL): Also known as a VA Streamline Refinance, this program simplifies refinancing to lower interest rates or reduce monthly payments.
- Native American Direct Loan (NADL): This program is available to Native American veterans or those married to Native Americans to purchase, build, or improve homes on federal trust land.
How to Get a VA Loan in West Virginia
Veterans in West Virginia can follow these steps to apply for a VA loan:
- Obtain a Certificate of Eligibility (COE): This essential document verifies VA loan eligibility. Veterans can apply through the VA eBenefits portal or have their lender assist with the process.
- Find a VA-Approved Lender: Working with a lender experienced in VA loans ensures a smoother application and approval process.
- Get Pre-Approved: Pre-approval allows veterans to determine their homebuying budget and strengthens offers when purchasing a property.
- Select a Home and Sign a Purchase Agreement: Veterans should choose a home that meets VA property requirements and ensure the purchase agreement includes a VA option clause.
- Complete the Appraisal and Close the Loan: The VA will conduct a home appraisal to ensure it meets minimum property requirements. Once approved, the loan can proceed to closing.
These steps help veterans navigate the homebuying process efficiently, ensuring they maximize their VA benefits.
Real Estate in West Virginia
West Virginia's real estate market offers affordable housing options across its scenic landscapes, from the Appalachian Mountains to the peaceful river valleys. The state is known for its small-town charm, historic properties, and expansive rural areas, making it an attractive location for veterans and families seeking tranquility and lower living costs. Popular cities like Charleston, Huntington, and Morgantown provide vibrant communities with ample job opportunities, cultural events, and outdoor recreation.
West Virginia's housing market remains one of the most affordable in the country, allowing veterans to access quality homes with favorable VA loan terms. With benefits such as property tax exemptions and financial assistance programs, the state ensures that veteran homeowners can enjoy long-term stability and comfort.
Median Sale Price of Homes in West Virginia*
|
Charleston |
$195,000 |
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Huntington |
$93,000 |
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Morgantown |
$210,000 |
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Martinsburg |
$286,495 |
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Fairmont |
$192,000 |
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Weirton |
$160,000 |
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Beckley |
$215,000 |
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West Virginia Statewide Average |
$261,600 |
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*Data sourced from Redfin (November 2024)
Frequently Asked Questions
Find answers to common questions about Military Home Spot Lending and our services. Can't find what your need? Get in touch with us.
A VA Loan is a mortgage designed for veterans, active-duty service members, and some surviving spouses. The VA sets specific service requirements to qualify. Want to see if you’re eligible? Click here to find out more.
Getting started is easier than you think! First, you’ll need your Certificate of Eligibility (COE), and from there, connect with a VA-approved lender like us. We’ll guide you every step of the way. Get started here.
VA Loans come with great benefits like no down payment, no private mortgage insurance (PMI), and competitive interest rates. They also offer more lenient credit requirements. Click here to learn more about the advantages.
Yes! We assist veterans throughout West Virginia. You can apply online by visiting our application page or by speaking with one of our loan officers directly.
Some closing costs and a VA funding fee may apply, but these can often be rolled into the loan. Curious about potential fees? Learn more about fees here.
Your borrowing amount depends on the county loan limits and entitlement. Interested in how much you qualify for? Click here to find out.
Yes! VA Loans are more flexible with credit scores than conventional loans. Even with less-than-perfect credit, you could qualify. Learn how to qualify here.
You’ll need to occupy the home as your primary residence within 60 days of closing. For more information on occupancy rules, click here.