Fairmont Housing Authority
103 12th Street - P.O. Box 2738
Fairmont, WV 26555-2738
Phone: 304-363-0860 Fax: 304-366-0469
Toll Free in WV: 1-800-637-7464
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West Virginia First Time Homebuyer Program/QMRB
Program Overview
Fairmont/Morgantown Housing Authority Homeownership Department offers various affordable housing mortgage products. These products are designed to assist low to moderate income families achieve the dream of homeownership.
Mortgage Products
- West Virginia First Time Homebuyer Program is also known as QMRB (Qualified Mortgage Revenue Bond). In cooperation with WVHDF, this product is available for income eligible participants. Affordability is determined by income. Applicants are approved based on various underwriting criteria. Some restrictions apply.
QMRB Income Limits
AREA MEDIAN FAMILY INCOME LIMIT APPLICABLE TO FAMILY SIZES OF |
||
1-2 |
3 OR MORE |
|
MARION |
$58,800 |
$68,600 |
MONONGALIA |
$67,080 |
$78,260 |
PRESTON |
$67,080 |
$78,260 |
TAYLOR |
$60,000 |
$70,000 |
