Homeownership Interest Rate for December 9, 2016:
4% (APR: 4.48%)

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December 6, 2016
The West Virginia Housing Development Fund is proud to announce a new video designed to help our partners across the lending and banking...
October 6, 2016
          Standard & Poor’s Rating Service has once again affirmed West Virginia Housing...
August 25, 2016
  To assist those affected by flooding in towns and communities across our state, the West Virginia Housing Development Fund...
August 10, 2016
Borrowers can pay mortgage, check balance from smart phone or tablet    Now there’s an easy, secure way to access your...
June 28, 2016
Our thoughts are with everyone affected by the recent flooding and high water. This has been a challenging time.   We would...
June 23, 2016
CHARLESTON – The West Virginia Housing Development Fund is excited to announce a new initiative that will help our state’s low-income...
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...
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...

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.