News Room

Dramatic changes to the housing market over the past couple of years may have some potential home buyers weighing their options. 

However, the West Virginia Housing Development Fund’s competitive rates mean home buyers who secure a mortgage through one of our programs have greater purchasing power.

“If you’re looking at a conventional loan without a West Virginia Housing product, you’re looking at rates in the high 6s or low 7s,” said Justin Hylbert, Business Development and Lender Support Officer... Continue Reading

After a two-year hiatus, the West Virginia Housing Development Fund held a series of live lender training sessions across the state earlier this month.

Justin Hylbert, Business Development and Lender Support Officer, and Kay Bowe, Underwriting Manager, hosted sessions in Martinsburg, Bridgeport, and South Charleston to reconnect with partner lenders and to review the Fund’s program guidelines and policies—especially important given recent shifts in the housing market.

“Our lending partners are a crucial part of our business because they allow... Continue Reading

The West Virginia Housing Development Fund has released our Annual Report for Fiscal Year 2022.

The Annual Report serves as a record showing the Fund’s accomplishments through our Single Family and Multifamily programs and illustrates how our programs have a real impact in the communities we serve. 

Some highlights include:

• A grant through the Affordable Housing Fund financed the completion of a new townhome for women in substance abuse recovery
• The opening Blackwater Apartments brought much-needed affordable housing to... Continue Reading

The West Virginia Housing Development Fund welcomes Maggie Leaptrot as its  Chief Financial Officer.  

Leaptrot’s hiring marks the beginning of a period of transition for the Fund. Longtime employees Julie Davis, Deputy Director of Production, and Crystal Toney, Deputy Director of Administration, both announced their intentions to retire at the end of 2023. Over the next 18 months, Leaptrot will prepare to take over their responsibilities.  

“Maggie brings several years of experience, but also a fresh perspective,” said Erica Boggess,... Continue Reading

For many first-time homebuyers, the world of real estate lending can be confusing. Terms like escrow, amortization, and annual percentage rate may create some hesitancy among buyers.

However, housing counseling agencies across the state work to help first-time homebuyers understand the process or to help current homeowners maintain their financial health and grow their nest egg. These services are available to any homebuyer, including those who buy their homes through the West Virginia Housing Development Fund.

“Many of our first-time... Continue Reading