Homeownership Interest Rate for April 18, 2014: 4.50% (APR: 5.343%)

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April 18, 2014
The West Virginia Housing Development Fund has been recognized for assisting homeowners and helping to create a cleaner environment....
April 10, 2014
A Message for Current Customers:   The West Virginia Housing Development Fund is excited to announce a new line up of interactive...
March 12, 2014
A message from Erica Boggess, the West Virginia Housing Development Fund's Acting Executive Director:     We are proud to...
February 28, 2014
Building full of charm and character   After fire destroyed their home, Albert Priddy and his sister Charlotte Thomas were in the...
January 31, 2014
Both bring wealth of experience to new roles   The West Virginia Housing Development Fund is excited to announce the promotions of...
January 17, 2014
Founders Landing redeveloped with help from Fund program   HUNTINGTON – Kellie Weidenhammer hurt her back at work a few years ago...
November 21, 2013
A message from Erica Boggess, the Fund's Acting Executive Director:   The Fund is extremely pleased to announce that Bob Cary will...
November 19, 2013
Two-story residence one of a number of new homes in the area   GRAFTON –  The West Virginia Housing Development Fund is excited...
November 13, 2013
Complex named in honor of late Wayne County Commissioner     WAYNE – Ground was broken recently on a new senior housing...
October 29, 2013
Did you know that you can view your loan account information on our website?   You can also pay your loan payment on our website at...

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Standard & Poor’s Affirms Fund’s “AAA” Bond Credit Rating

For More Information, Contact Joe Hatfield 304.340.9998

Once again, Standard & Poor’s Rating Service has affirmed the West Virginia Housing Development Fund’s “AAA” general credit rating. The “AAA” rating  is the highest rating issued by Standard & Poor’s and the Fund is the only state housing finance agency nationally to receive an “AAA” rating.

The rating service lauded the extremely high credit quality of the Fund’s asset base, the Fund’s ability to successfully meet its legislative mandate, the extensive experience of the Fund’s management and its conservative philosophy and the state’s stable economic base.

“We believe WVHDF has a strong and experienced management team that has been successful in meeting its mission of financing affordable housing for residents of the State of West Virginia, as demonstrated by the funding of single- and multifamily programs out of the Fund’s general reserves and earnings,” Standard & Poor’s stated in a report which announced the Fund’s “AAA” rating.

The authors of the report also noted that the Fund has a “strong” relationship with the West Virginia Legislature and that the Fund’s Board of Director’s provides “a great source of stability and depth of knowledge.”

Joe Hatfield, the Fund’s Chief Executive Officer, stated “our “AAA” rating is a great testament to our staff and their hard work. They understand our mission and take it to heart each and every day. The fact that we are the only state housing agency in the country to achieve and maintain an “AAA” rating speaks to their dedication. More importantly, this rating further helps us do what we do best – help state residents make their dream of homeownership a reality.

“We are fortunate enough to serve the backbone of our community – firefighters, police officers, nurses and school teachers,” Hatfield said. “We have faith in this state and its residents, and that faith is reflected in this rating. We are only as good as our clients, but we have the best clients in the nation.”

Standard & Poor's is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data.

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.