The West Virginia Housing Development Fund is initiating a 3-2-1 buy down program to help families buy a new home. The buy down will enable buyers, of new or never lived in homes, to purchase those homes because the interest rates for the first three years will be well below market interest rates.

For example, a home buyer obtaining a 5% loan over thirty (30) years will see that first year rate lowered by 3% to 2%. In the second year, that rate will be lowered to 3% and in the third year, the rate will be lowered to 4%. The rate over the remaining years would be 5%.

Contact Us for more information on the 3-2-1 Buy Down Program.