Homeownership Interest Rate for July 27, 2017:
4.00% (APR: 4.480%)

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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...
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...

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.