Ask Your Lender for Monthly Plus

The West Virginia Housing Development Fund is now offering all of its new homebuyers Monthly Plus, a new mortgage product that protects home buyers in the event of involuntary unemployment or suffer an accident that prevents a home owner from working for 30 days. The program benefits borrowers who can't make a down payment of more than 20% of the house price and are required to buy mortgage insurance. This program is offered by Genworth Financial as a benefit to the mortgage insurance, at no additional cost to borrowers.

Monthly Plus provides:

• For the first 5 years of the mortgage loan, Monthly Plus covers all or a portion of the required monthly mortgage payment, up to $2,000 per month, for up to 6 months.
• In the unfortunate event of a job loss, Monthly Plus will help protect your credit by preventing default on mortgage payments, make emergency savings go farther, safeguard your home and provide you with "peace of mind" during the stress of unemployment.
• This program is only offered with West Virginia Housing Development Fund mortgage programs. If you are in the market to purchase a home, ask your lender for a West Virginia Housing Development Fund mortgage and the Monthly Plus Program.

Contact Us for more information on the Monthly Plus Mortgage Add-On.