Module
Buying a Home • Mercer County, WV
Deciding to own a home is a big decision, but it is one of the most effective ways to build wealth. This module walks you through getting ready to buy, choosing the right loan, checking out homes, and closing the deal.
Key Topics
- • Check credit score, savings, and debt-to-income ratio before shopping for a home.
- • Compare conventional, FHA, VA, and USDA loans and get pre-approved early.
- • Use inspections, neighborhood research, and negotiation to avoid expensive mistakes.
- • Plan for closing costs, insurance, taxes, and ongoing maintenance after move-in.
Action Steps
- • Check your credit score at AnnualCreditReport.com and note your payment history, amounts owed, and credit history length.
- • Compare first-time buyer assistance programs and contact a housing counselor or local lender.
- • Build a plan for down payment savings, closing costs, and a home maintenance fund.
Local resources for your county
Mercer County, WV
Mercer County buyers can combine state programs, local housing help, and rural loan options.
- • HUD Housing Counselor Search - consumerfinance.gov/housing/housing-apis/counseling-agencies/
- • Bluefield Housing Authority - bluefieldhousing.org
- • West Virginia Housing Development Fund - wvhdf.com/home-buyers
- • USDA Rural Development West Virginia - rd.usda.gov/wv
- • CFPB Homebuying Toolkit - consumerfinance.gov/owning-a-home/
- • Down Payment Resource - downpaymentresource.com
- • Annual Credit Report - annualcreditreport.com