Homeownership Interest Rate for December 9, 2016:
4% (APR: 4.48%)

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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...
August 10, 2016
Borrowers can pay mortgage, check balance from smart phone or tablet    Now there’s an easy, secure way to access your...
June 28, 2016
Our thoughts are with everyone affected by the recent flooding and high water. This has been a challenging time.   We would...
June 23, 2016
CHARLESTON – The West Virginia Housing Development Fund is excited to announce a new initiative that will help our state’s low-income...
May 18, 2016
    We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2015 Annual Report. This is an...
March 22, 2016
Program vital for West Virginia   CHARLESTON – The West Virginia Housing Development Fund is taking time in 2016 to celebrate 30...
December 17, 2015
Changes are coming!   At the West Virginia Housing Development Fund, we do all we can to make certain our customers come first....
November 4, 2015
Shamblin works with state chapter and local affiliate   Patti Shamblin, the Director of Loan Origination for the West Virginia...

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.