Homeownership Interest Rate for November 30, 2015:
4.00% (APR: 4.460%)

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November 4, 2015
Shamblin works with state chapter and local affiliate   Patti Shamblin, the Director of Loan Origination for the West Virginia...
September 18, 2015
Forum continues to grow   The West Virginia Housing Development Fund is proud to have participated in the 2015 West Virginia...
August 19, 2015
Elbon excited to share Fund’s success with other state housing finance agencies.   The West Virginia Housing Development...
July 21, 2015
    For more information, contact Jon Rogers (304) 391 8743   There has never been a better time to...
June 17, 2015
  $1 million available to take down blighted, dangerous structures   For more information, contact Erica Boggess 304...
May 14, 2015
For More Information, contact Communication Manager George Gannon 304 391 8643       Home Inspection?    HUD...
April 10, 2015
Outreach seminar sponsored by BB&T   For more information contact Communication Manager George Gannon at 304.391.8643...
March 25, 2015
Here at the Fund, we pride ourselves on customer service and our willingness to not only do all we can to help homebuyers as they make...
December 8, 2014
Study offers comprehensive overview of housing in state.   For more information, please contact George Gannon at 304.319.8643...
September 16, 2014
Fund reaches goal for distribution of HOME funds                      ...

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Online Mortgage Packet

Getting Started 

The West Virginia Housing Development Fund offers affordable mortgage loans to finance the purchase of a home or offers help to most homeowners if they choose to refinance. Individuals and families can find affordable options offered by the Fund through our partnership with over 30 banks, financial lenders, mortgage brokers and non-profit housing agencies throughout the state. For a full list of our lending partners, please click here. Although we welcome any inquiry you might have, we suggest potential home buyers contact a lender in their area to discuss options and how they could benefit from a loan through the WVHDF. Once you and your lender have established that a Fund loan is right for you, your loan will be originated on site.

The Homeownerhsip Program

The Homeownership Program is commonly known as the First Time Homebuyer Program. 

To qualify for a Homeownership Program Loan, three criteria must be met:

  1. Borrower(s) gross income must not exceed a county income limit; *
  2. The house to be purchased must not exceed a house price limit; *
  3. The borrower cannot have owned a home within the prior three years in the following counties:

Barbour, Berkeley, Boone, Brooke, Cabell, Greenbrier, Hancock, Harrison, Jefferson, Kanawha, Marion, Marshall, Mason Mercer, Monongalia, Morgan, Ohio, Putnam, Raleigh and Wood counties. 

Loan Terms

The Homeownership Program is a 30-year, fixed rate mortgage loan. Up to 100% of the purchase price of the home can be financed.

Eligible Properties

Eligible properties must be located in West Virginia, to be used as the primary residence of the applicant(s).

Eligible properties include single, detached, existing, stick-built or modular homes; duplex, townhouse, or condominium units, and new double-wide mobile/manufactured homes. (New or used single- and used double-wides are not eligible.) Property conveyed with the home transaction cannot exceed five acres.

New Construction - Permanent Financing

Permanent financing is available for newly constructed homes. Construction financing is not available.


Mortgage Insurance

Most loans must be insured by either: VA, FHA, USDA or by a private mortgage insurance company.


Approval Guidelines


You must have maintained an average credit rating and have acceptable stable income, sufficient to repay the loan based on the terms of the mortgage loan.


Down Payment/Closing Costs Assistance


In some cases you may qualify for a Down Payment/Closing Cost Assistance Loan.


Please click here if you have further questions about this program

After you have a sales contract on the home you select, you will need to meet with your lender again to complete the loan application.

  • Fully executed purchase contract and a copy of the seller's deed.
  • Personal check to pay for appraisal of the property.
  • Names and addresses of your landlords for the last two years.
  • Copies of last three years signed federal tax returns, with all schedules and W2s.
  • List of all your assets, including bank accounts (checking, savings, Certificates of Deposit, Individual Retirement Accounts, etc.) with current bank statements for each.
  • Copy of award letter from pension/retirement fund, disability insurer, etc.
  • Names and addresses of your current employer (s) and other employers for the past two years.
  • List of all amounts you owe, including charge and credit card account balances (include account numbers).
  • If applicable, copy of divorce decree, property settlement and verification of child support or bankruptcy papers.
  • Two current pay stubs covering a 30-day period. 
  • Self Employed: Three years signed federal tax returns with all schedules and a year-to-date profit and loss statement for all accounts.
  • Verification of child support income, if being used to qualify.

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.