West Virginia Housing Development Fund

Click here to download our Enhanced Secondary Market Loan Program brochure

The Secondary Market program is a loan program designed to help all applicants purchase the home of their dreams. The program is NOT restricted to first-time homebuyers or income limits. It does offer competitive interest rates with as little as 3% required for down payment.  

Loan Terms
This program offers 10, 15, 20, or 30-year, fixed-rate mortgage loans. Up to 97% of the sales price of the home can be financed, requiring only 3% down payment. Loans insured with USDA Rural Housing can be financed up to 100%. The maximum loan amount under this program is $417,000.

Eligible Borrowers
The program is open to all income levels and does not have a first-time homebuyer requirement.

Eligible Properties
The property must be located in the state of West Virginia. Eligible properties include single, detached, existing, stick-built or modular homes; duplex, townhouse or condominium units; and new and used double-wide mobile/manufactured homes. (Single-wide mobile homes are not eligible.) This program includes loans to refinance, purchase, second  homes or investment properties.

Mortgage Insurance
All loans that exceed 80% of the value of the home must be insured by either a private mortgage insurance company or by USDA Rural Development.

Counseling
All applicants that receive a loan higher than 95% (except loans insured by USDA) of the value of the home must complete a home buyer education course.

Please click here if you have further questions about this program.