Homeownership Interest Rate for February 19, 2018:
4.00% (APR: 4.480%)

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December 6, 2017
RIPLEY – The West Virginia Housing Development Fund recently celebrated the dedication of Elizabeth Way Apartments.     Erica...
November 27, 2017
Fund Remains Only Housing Finance Agency with “AAA” Distinction   Standard & Poor’s Rating Service has once again affirmed West...
August 16, 2017
The West Virginia Housing Development Fund is proud to announce the promotion of two long-time employees.   Crystal Toney will be...
August 9, 2017
CROSS LANES – As of Monday, there is one less blighted, dangerous building in Kanawha County.   It took about 20 minutes for a large...
June 1, 2017
Most know the West Virginia Housing Development Fund through our home-buying programs. One in 10 West Virginia homebuyers have entrusted us...
April 25, 2017
The West Virginia Housing Development Fund’s Board of Directors has approved a loan to the Kanawha County Commission to help take down...
April 18, 2017
  Erica L. Boggess has been named Executive Director of the West Virginia Housing Development Fund.     Boggess, who has...
March 30, 2017
A message to our customers:   Here at the Fund, we are proud of what we do. We are honored by the fact that so many West Virginians...
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...

Homeownership Program

The Homeownership Program makes homeownership more affordable for families and individuals.

please contact a team member in our single-family loan originations department. You may also call us at 1-800-933-8511 or 304-391-8738.

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


Borrowers must not have had an ownership interest in their principal residence at any time during the three-year period ending on the date the program loan is closed if they intend to purchase a residence located in one of the following, non-targeted counties:  Barbour, Berkeley, Boone, Brooke, Cabell, Greenbrier, Hancock, Harrison, Jefferson, Kanawha, Marion, Marshall, Mason Mercer, Monongalia, Morgan, Ohio, Putnam, Raleigh and Wood counties. This requirement does not apply to residences located in targeted counties which are all counties not listed, nor does it apply when the borrower is an eligible veteran under the Heroes Earnings Assistance and Relief Tax Act of 2008.


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.