West Virginia Second Home Loans and Mortgage Solutions

Financing Your Dream Second Home

Looking to purchase a second home in West Virginia? Whether you're eyeing a cabin near Snowshoe, a riverside home in Harpers Ferry, or a seasonal escape in the mountains, BNB Lending offers second home loans designed for personal use. We guide you through West Virginia’s tax classifications, potential STR rules, and zoning considerations. With competitive terms and compliance-driven structuring, our West Virginia second home financing helps you secure a vacation home with peace of mind and long-term affordability.

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How to qualify

To obtain a quote, we will need the following information:

Property Value and

 Purchase Price


Down Payment

Amount


Credit Score

 

Asset Types

  • Single Family Homes
  • Townhomes
  • Condos
  • 2 - 4 Units (Duplex, Triplex, Quadplex)
  • Multi-Family: 5 - 8 Units
  • Mixed-Use: 2 - 8 Units
  • Multi-Family: 9+ Unit



Loan Terms


  • Loan Sizes: $100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
  • Purchase LTV: Up to 85%
  • Rate & Term Refinance LTV: Up to 80% 
  • Cash Out Refinance LTV: Up to 80%
  • Amortization: 30 Year % 40 Year Amortization Options Available
  • Term Lengths: 5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
  • Floor Rate: 5.50% (subject to change daily due to market volatility)
  • Full Recourse with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
  • DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
  • Vesting: Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
  • Average Time to Close: 14 to 35 days

Wondering if you qualify for investment property financing in your area?


We offer lending services in all 50 states!

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Frequently Asked Questions

What are the requirements for a second home loan in West Virginia?

West Virginia second home loans follow federal lending standards. The property must be a single-unit dwelling, livable year-round, and personally used by the borrower for part of the year. It cannot be held in an LLC or used primarily for short-term rental. Lenders typically require 10–20% down, solid credit, and verifiable income. West Virginia does not impose state-specific restrictions, but property use and zoning may affect eligibility. BNB Lending evaluates your goals, location, and ownership structure to ensure your home qualifies under second home lending criteria.

How do short-term rental rules affect loan classification?

STR activity may shift your loan from second home to investment classification, especially with frequent rentals. West Virginia has no statewide STR regulation, but all short stays are subject to a 6% lodging tax. Cities or counties may impose additional rules. Property classification may also change if the home is primarily income-producing. BNB Lending reviews your intended rental use, local policies, and tax implications to determine whether your loan qualifies as a second home mortgage and ensure it’s structured in full compliance.

Do second homes qualify for property tax benefits in West Virginia?

West Virginia second homes do not qualify for a homestead exemption. Properties are taxed based on classification—Class II residential (60% of value) for personal-use homes and Class III or IV for commercial use. STRs may receive a split assessment if the rental space is distinct from personal living space. BNB Lending helps you understand how your West Virginia property will be assessed, and we build projected tax estimates into your financing plan to ensure full visibility of long-term ownership costs.

Can I deduct mortgage interest on a second home?

Mortgage interest on a second home is deductible on your federal tax return if you itemize and meet IRS criteria for personal use. West Virginia also allows the deduction on state returns, aligning with federal standards. If the home is rented part-time, deductions must be prorated based on personal occupancy. At BNB Lending, we structure your loan for maximum tax efficiency and recommend working with a CPA familiar with West Virginia property tax law and income reporting for mixed-use or part-time vacation homes.

Are there second home loan programs in West Virginia?

West Virginia Housing Development Fund programs are limited to primary residences and first-time homebuyers. These do not apply to vacation or second homes. At BNB Lending, we offer private second home loan solutions across the state—from mountain cabins to riverside retreats. We help buyers evaluate zoning rules, STR tax obligations, and property classifications to ensure the mortgage is compliant, competitive, and aligned with long-term ownership goals in West Virginia’s unique real estate market.

What types of properties qualify for second home loans?

Second home loans are available for one-unit properties used primarily by the borrower for personal occupancy and livable year-round. Acceptable types include detached homes, condos, and townhouses. The property must meet appraisal standards and cannot be a multi-unit, timeshare, or investment-only asset. In West Virginia, STR usage may influence classification and property tax treatment. BNB Lending reviews your intended use and location to confirm the property meets second home loan requirements under both lender and state guidelines.

Who benefits from choosing a second home loan over an investment loan?

These loans are perfect for self-employed individuals, LLCs, and investors managing multiple properties. If you plan to use your West Virginia home primarily for personal stays and only rent it occasionally, a second home loan may offer better rates and terms than an investment loan. These loans must be in your personal name—not held by an LLC. BNB Lending structures West Virginia second home loans to provide flexibility while keeping your financing compliant with lender and zoning guidelines.

Thinking beyond Wisconsin? Explore Airbnb loans and second home opportunities in nearby states like Minnesota or Illinois to expand your portfolio.