New homes are being developed in Marion and Monongalia Counties.

Fairmont-Morgantown Housing Authority Homeownership Program was established in 1994 to meet the Marion and Monongalia Counties needs for affordable housing for low to moderate income families. The Lease-To-Own Homeownership Program is a lease to purchase arrangement that provides an opportunity for families to own their own home within a 12 month period. Families enter into a lease from a property owned by the Housing Authority. Within 9 months, the family becomes mortgage ready and enters into a permanent mortgage. Families rent calculation is based on 22% of their adjusted annual income. Each month 40% of monthly rent amount is placed in an escrow account to assist family with saving for down payment. A silent second mortgage is available to make the home affordable.

  New Homes Coming Soon at Augusta Pines in Fairmont, a new residential subdivision.

How Do I Qualify?

Families must meet the following requirements:

• Be a First time Homebuyer or live in substandard owner-occupied residence.
• Family income must fall between 65-80% of area median income.
• Have steady employment record or constant source of income.
• Have responsible or repairable credit.
• Have responsible rental history.
• Have no criminal record.
• Have willingness to participate in Housing Counseling and Home Buyer Education.

Application Process

1. Applicants' mail in completed pre-application and a credit report fee.
2. Applicants are placed on a waiting list.
3. Pre-applications are screened in the order of receipt.
4. Next, the initial eligibility requirements are screened.
5. If initial thresholds are met, a credit report is obtained then the applicant's family is interviewed.
6. Detailed eligibility criteria are verified, references are checked, and a criminal background check is completed.
7. Home visit is completed and an Individual Homeownership Plan is developed.
8. A committee interview is completed.
9. Finally, after a walk through inspection is completed your family moves in.

How do I apply?

Call 304-363-0860 ext. 105 or 304-291-1660 or 1-800-637-7464.

Lease-To-Own Homeownership Program Income Limits

*Income Limits: Gross annual income must fall between 65% to 80% of the area median income based on how may members are in your household.