Homeownership Interest Rate for May 28, 2016:
3.95% (APR: 4.422%)

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May 18, 2016
    We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2015 Annual Report. This is an...
March 22, 2016
Program vital for West Virginia   CHARLESTON – The West Virginia Housing Development Fund is taking time in 2016 to celebrate 30...
February 11, 2016
    We are sad to announce the impending retirement of Nan Stevens, the Fund’s Area Manager for the Eastern Panhandle, and...
January 7, 2016
A series of workshops across West Virginia are scheduled to help locals and municipalities access funding to demolish or acquire...
December 17, 2015
Changes are coming!   At the West Virginia Housing Development Fund, we do all we can to make certain our customers come first....
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...
June 17, 2015
  $1 million available to take down blighted, dangerous structures   For more information, contact Erica Boggess 304...
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For More Information, contact Communication Manager George Gannon 304 391 8643       Home Inspection?    HUD...

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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.