Homeownership Interest Rate for October 31, 2014: 3.75% (APR: 4.099%)

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September 16, 2014
Fund reaches goal for distribution of HOME funds                      ...
August 11, 2014
BLUEFIELD - From blighted to beautiful.   That’s how many are describing the transformation along the 1100 block of Highland Avenue...
June 26, 2014
The West Virginia Housing Development Fund has unveiled a new interactive tool that allows homebuyers to connect with lenders who use...
May 12, 2014
  The West Virginia Housing Development Fund is pleased to announce the promotion of a longtime employee. Julie Aliff was recently...
April 25, 2014
How do young people view equality and fair housing? The West Virginia Housing Development Fund hoped to answer some of these questions by...
April 18, 2014
The West Virginia Housing Development Fund has been recognized for assisting homeowners and helping to create a cleaner environment....
April 10, 2014
A Message for Current Customers:   The West Virginia Housing Development Fund is excited to announce a new line up of interactive...
March 12, 2014
A message from Erica Boggess, the West Virginia Housing Development Fund's Acting Executive Director:     We are proud to...
February 28, 2014
Building full of charm and character   After fire destroyed their home, Albert Priddy and his sister Charlotte Thomas were in the...
January 17, 2014
Founders Landing redeveloped with help from Fund program   HUNTINGTON – Kellie Weidenhammer hurt her back at work a few years ago...

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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 (“the Fund”) is pleased that your lending institution is interested in becoming a “Correspondent Lender” our the Single Family Programs.  The Fund 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 be able to offer state-of-the- art mortgage products.  These products include, but are not limited to the Fund’s Homeownership, Movin’ Up, Secondary Market and Down Payment/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 Fund will pay your company a fee for every loan application that your institution originates.  The Fund will provide assistance with all federal and state regulatory compliance issues.

The Fund 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.  If you have any questions, please contact Patti Shamblin at 304.391.8729.

 

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

 

Single-Family Mortgage Programs Procedural Guide - (Updated Aug. 2014)

 

Correspondent Lender Guide

 

Instructions for Application to Participate

 

Correspondent Application to Participate

 

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

 

 

The West Virginia Housing Development Fund is the state's affordable mortgage finance agency.

The WVHDF was established to develop and improve the state's housing opportunities for residents.