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