The West Virginia Housing Development Fund’s Down Payment and Closing Cost Assistance Program has a new name.
The program is now known as the Low Down Home Loan, but terms haven’t changed. Homebuyers who borrow through the Fund’s Homeownership or Movin’ Up programs may still qualify help toward their down payment and closing costs, reducing financial barriers to homeownership.
“With the Low Down Home Loan, borrowers can still purchase a home with little to no money down, helping them... Continue Reading
The West Virginia Housing Development Fund has once again earned a top credit rating from S&P Global.
In a report issued February 1, S&P awarded the Fund a AAA general obligation rating, the highest credit rating an organization can earn. The West Virginia Housing Development Fund continues to be the only state housing finance agency in the country to consistently earn a AAA general obligation rating.
“That we have earned this rating year after year is a testament... Continue Reading
New year, new house?
If buying a new home is at the top of your 2023 to-do list, the West Virginia Housing Development Fund is here to help. But what can you expect as you work through the homebuying process, especially if you’re a first-time buyer? The Fund’s lending experts Jon Rogers and Justin Hylbert offer their thoughts.
“Buying a home is one of the biggest decisions a person can make in their lifetime,” said Rogers, the Senior Division Manager of... Continue Reading
CHARLESTON, W.VA— Homeowners affected by the COVID-19 pandemic can now access more assistance through the West Virginia Homeowners Rescue Program.
Now, homeowners can receive up to $20,000 in mortgage assistance, up from $15,000. Those who need help with their down payment assistance loans can now receive $1,000, up from $500. Homeowners who are at least 60 days behind in their mortgage payments may now apply for mortgage assistance.
“West Virginia has the highest homeownership percentage in the United States. These... Continue Reading
A nip in the air reminds us that winter is coming, so now is a great time for homeowners behind in their utility payments to apply for assistance through the West Virginia Homeowners Rescue Program.
Homeowners who meet income qualifications and can demonstrate a pandemic-related hardship are encouraged to apply for help with their past-due housing costs. In addition to utilities, the program can also cover past-due mortgage payments, property taxes, insurance, and other costs. A full list of eligible... Continue Reading