Homeownership Interest Rate for July 10, 2014: 4.250% (APR: 4.718%)

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June 26, 2014
The West Virginia Housing Development Fund has unveiled a new interactive tool that allows homebuyers to connect with lenders who use...
May 12, 2014
  The West Virginia Housing Development Fund is pleased to announce the promotion of a longtime employee. Julie Aliff was recently...
April 25, 2014
How do young people view equality and fair housing? The West Virginia Housing Development Fund hoped to answer some of these questions by...
April 18, 2014
The West Virginia Housing Development Fund has been recognized for assisting homeowners and helping to create a cleaner environment....
April 10, 2014
A Message for Current Customers:   The West Virginia Housing Development Fund is excited to announce a new line up of interactive...
March 12, 2014
A message from Erica Boggess, the West Virginia Housing Development Fund's Acting Executive Director:     We are proud to...
February 28, 2014
Building full of charm and character   After fire destroyed their home, Albert Priddy and his sister Charlotte Thomas were in the...
January 17, 2014
Founders Landing redeveloped with help from Fund program   HUNTINGTON – Kellie Weidenhammer hurt her back at work a few years ago...
November 19, 2013
Two-story residence one of a number of new homes in the area   GRAFTON –  The West Virginia Housing Development Fund is excited...
November 13, 2013
Complex named in honor of late Wayne County Commissioner     WAYNE – Ground was broken recently on a new senior housing...

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Fund Offers Historically Low Interest Rate on 30-Year Fixed Mortgage

***UPDATE - The Charleston Daily Mail featured this rate in a story published on Thursday, Sept. 22.***

Fund Executive Director says rate offers "once-in-a-lifetime opportunity"

There has never been a better time to purchase a home in West Virginia. The West Virginia Housing Development Fund is providing qualifying families a 30-year fixed rate loan at 3.125%.  Zero percent down payment and closing cost assistance loans are also available for those who qualify.

“This is the best mortgage rate in the Housing Development Fund’s history and will offer borrowers rates, terms and assistance never offered before,” stated Fund Executive Director Joe Hatifield.  ““We are extremely pleased with this interest rate and realize that it is a once-in-a-lifetime opportunity for qualifying West Virginia families who wish to purchase a home and realize their dream of homeownership.”

This rate was achieved as a result of a $28 million new money bond issue coupled with a $19 million bond refunding by the Housing Development Fund.

With low cost financing, down payment and closing cost assistance and homebuyer counseling, many West Virginia families may find they qualify to own a home.  The funds for these low rate loans are limited and applications will be taken on a first-come, first-served basis. 

Those interested in the program should contact their Realtor, builder, lending institution or the Housing Development Fund for more information about how to apply for a mortgage loan.

Click here for income and house price limits and targeted/non-targeted county information.  

Click here for a list of participating lenders.

For more information, call the West Virginia Housing Development Fund for a mortgage information packet at 1-800-933-9843 or click here to request one.

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.