Homeownership Interest Rate for January 19, 2018:
4.00% (APR: 4.480%)

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December 6, 2017
RIPLEY – The West Virginia Housing Development Fund recently celebrated the dedication of Elizabeth Way Apartments.     Erica...
November 27, 2017
Fund Remains Only Housing Finance Agency with “AAA” Distinction   Standard & Poor’s Rating Service has once again affirmed West...
August 16, 2017
The West Virginia Housing Development Fund is proud to announce the promotion of two long-time employees.   Crystal Toney will be...
August 9, 2017
CROSS LANES – As of Monday, there is one less blighted, dangerous building in Kanawha County.   It took about 20 minutes for a large...
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...

Fund Launches Movin' Up Loan Program

The Movin’ Up Home Loan Program is an exciting new mortgage finance option offered by the West Virginia Housing Development Fund.


Fund Creates Self-Sustaining Lending Program

Movin’ Up Loan Program offers flexibility for West Virginia homebuyers

 For More Information, Contact George Gannon at 304-391-8643


The West Virginia Housing Development Fund has created a new mortgage finance option. The Fund's Board of Directors has authorized the creation of a new, self-funding lending program.

The new Movin’ Up Loan Program isn't just for first time homebuyers.

The program makes it easier for homeowners who may have outgrown their current homes to move up to a larger home or move on to a home of greater value by incorporating down payment and closing cost assistance into the loan package.

"Many qualified buyers want to take advantage of today's low interest rates and move up to a larger home, but lack equity. The Movin' Up program is a perfect fit for these clients," said Erica Boggess, the Fund's Acting Executive Director. 

Because the federal government intends to keep interest rates low, the tax-exempt bond market, which is our primary vehicle for funding our single-family mortgage program, is more challenging than ever. By creating a self-sustaining fund, we can better manage our finances and still offer homebuyers an affordable home loan, Boggess said.

The new program has some exciting changes. By removing the first-time homebuyer requirements mandated by the bond program, we can better serve moderate income buyers, Boggess said.

“Staff is prepared and this should be a seamless execution. We will still work with our statewide network of lending partners and the loans we make will still be serviced right here in West Virginia,” said David Rathbun, the Fund’s Senior Director of Single-Family Loan Origination. “Our customers and lenders will be positively impacted by whatever changes we make and we hope we’ll be able to expedite loan closings.”

This model is not new to Fund. This method of self sustainment is used with our down payment and closing cost assistance loans.

“These are not uncharted waters. We know how this kind of financial mechanism works. The reason we can do this is the same reason we’re AAA rated by Standard & Poor’s and Aaa by Moodys. We have been prudent managers of our resources and West Virginia residents who use our programs pay their bills on time,” Boggess said.

For more detailed information about the program and to determine whether or not you qualify, please call 1-800-933-8511 or contact one of our many lending partners

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.