Homeownership Interest Rate for February 23, 2017:
4% (APR: 4.48%)

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February 14, 2017
We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2016 Annual Report. This is an important record of...
January 26, 2017
  The West Virginia Housing Development Fund is excited to welcome Governor Jim Justice and Agriculture Commissioner Kent Leonhardt...
December 21, 2016
  West Virginia’s natural beauty is truly unmatched.   Our citizens are among the brightest, hardest working and...
December 6, 2016
The West Virginia Housing Development Fund is proud to announce a new video designed to help our partners across the lending and banking...
October 6, 2016
          Standard & Poor’s Rating Service has once again affirmed West Virginia Housing...
August 25, 2016
  To assist those affected by flooding in towns and communities across our state, the West Virginia Housing Development Fund...
August 10, 2016
Borrowers can pay mortgage, check balance from smart phone or tablet    Now there’s an easy, secure way to access your...
June 28, 2016
Our thoughts are with everyone affected by the recent flooding and high water. This has been a challenging time.   We would...
June 23, 2016
CHARLESTON – The West Virginia Housing Development Fund is excited to announce a new initiative that will help our state’s low-income...
May 18, 2016
    We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2015 Annual Report. This is an...

Homeownership Program

The Homeownership Program makes homeownership more affordable for families and individuals.
Eligible Borrowers
To qualify for a Homeownership Program Loan, three criteria must be met:
  • Borrower(s) gross income must not exceed a county income limit; *
  • The house to be purchased must not exceed a house price limit; *
  • The borrower cannot have owned a home within the prior three years in the following counties: Barbour, Berkeley, Boone, Brooke, Cabell, Greenbrier, Hancock, Harrison, Jefferson, Kanawha, Marion, Marshall, Mason Mercer, Monongalia, Morgan, Ohio, Putnam, Raleigh and Wood counties.


Loan Terms
A Homeownership Program Loan is a 30-year, fixed rate mortgage loan. Up to 100% of the purchase price of the home can be financed.
Down Payment/Closing Cost Assistance Program
In some cases you may qualify for a Down Payment/Closing Cost Assistance Program Loan. Please refer to the Down Payment/Closing Cost Assistance Program section for more information.
Eligible Properties
Eligible properties must be located in the state of West Virginia, to be used as the primary residence of the applicant(s).
Eligible properties include single, detached, existing, stick-built or modular homes; duplex, townhouse, or condominium units, and new double-wide mobile/manufactured homes. (New or used single- and used double-wides are not eligible.) Property conveyed with the home transaction cannot exceed five acres.
New Construction - Permanent Financing
Permanent financing is available for newly constructed homes. Construction financing is not available.
Mortgage Insurance
Most loans must be insured by either: VA, FHA, USDA or by a private mortgage insurance company.
Approval Guidelines
You must have maintained an average credit rating and have acceptable stable income, sufficient to repay the loan based on the terms of the mortgage loan.
Homebuyer Education/Counseling
 Homebuyer Education/Counseling is required for both the Movin’ Up and Homeownership programs on conventionally insured or uninsured loans.  On the government insured loans (FHA, VA, and USDA) follow the insuring agencies guidelines for Homebuyer Education/Counseling requirements.  Information on counseling providers may be found at http://data.hud.gov/housing_counseling.html  or with your mortgage insurance (MI) provider.

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.