Correspondent Lenders

A message from David Rathbun, Senior Director of Single Family Loan Origination for the West Virginia Housing Development Fund

Dear Potential Correspondent Lender:

The West Virginia Housing Development Fund (WVHDF) is pleased that your lending institution is interested in becoming a “Correspondent Lender” our the Single Family Programs.  WVHDF is committed to working with lenders of all sizes to increase the availability and affordability of housing for borrowers who live in underserved areas.

As a Correspondent Lender, your firm will able to offer “state of the art” mortgage products.  These products include, but are not limited to the WVHDF’s Bond Program, Secondary Market Program, Closing Cost Assistance Programs.  Your firm will be able to offer a full menu of low down payment, long term, fixed-rate mortgage loans.

Upon closing, the WVHDF will pay your company a fee for every loan application that your institution originates.  The WVHDF will provide assistance with all Federal and State regulatory compliance issues.

The WVHDF is your “State Housing Finance Agency”, and wants to help your institution maintain the complete relationship with your customer and be able to help you with all of their mortgage needs.  To get started, please complete the enclosed application and return it to the WVHDF at the above address.  If you have any questions, please contact Patti Shamblin at (304) 391-8729.

Very truly yours

WEST VIRGINIA HOUSING DEVELOPMENT FUND

If you would like more information on how to become a correspondent lender, please click the following links:

Single-Family Mortgage Programs Procedural Guides

Correspondent Application to Participate

The following documents must be submitted with the Correspondent Application to Participate