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...

WVHDF Hosts New Lender Training

For More Information Contact Joe Hatfield - 304.340.9998

Over 70 representatives from numerous institutions attended the seminar.

The West Virginia Housing Development Fund recently hosted a training session to familiarize lenders from across the state with Fund programs. The goal of the day-long seminar was to explain and clarify the Single Family Mortgage Program and how lenders can utilize Fund programs to help those in the market for a new house.

“These training sessions give us a great opportunity to help our lending partners gain a better understanding of how our programs work and why those programs could be a good fit for many of their customers,” stated David Rathbun (MLS# 199486), Senior Director of Single Family Loan Originations.

Rathbun started the session by giving a detailed history of the Fund, how it was formed, its overall mission and how it benefits West Virginia. Following his presentation, Patti Shamblin (MLS# 199704), Director of Loan Origination, offered a detailed instruction of the how the Fund’s Single-Family Program works and how lenders can best utilize the options that are available.

Shamblin and Phyillis Jackson (MLS# 199540), the Fund’s Managing Director of Loan Underwriting, detailed why lenders would choose Fund loans, how to use the Fund’s website to lock in loans and request funding, program compliance and what’s required of both the lender and the home buyer, underwriting guidelines, state and federal requirements, what it takes to close a loan, differing kinds of insurance and a number of other issues.

“Training seminars like this are vital to the Fund and its many lending partners,” said Fund Executive Director Joe Hatfield. “If we can clear up any confusing or complex issues before the home buying process starts, we can better serve our lenders and they can better inform their customers.

“It really goes to the heart of how the Fund can most effectively fulfill it’s mission of providing safe, affordable housing,” Hatfield continued. “By reaching out to our partners within the lending community, we not only help them serve their customers, we also help more West Virginians fulfill their dream of owning a home.”

The training took place at the Fund’s office in downtown Charleston. Lenders from the following institutions attended the session:

  • Alcova Mortgage
  • Allegheny Mortgage Company
  • BB&T
  • Centra Bank
  • Clear Mountain Bank
  • Corridor Mortgage
  • Fairmont Federal Credit Union
  • First Community Bank
  • First National Bank
  • Huntington Mortgage
  • Integrity Home Mortgage Corp.
  • Mountain State Lending
  • MVB Bank, Inc.
  • Ohio Valley Bank
  • One Community FCU
  • Poca Valley Bank
  • Spectra Funding, INC/DB First Mortgage Services
  • United Bank
  • West Virginia Housing Development Fund

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.