Homeownership Interest Rate for May 6, 2016:
3.95% (APR: 4.422%)

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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...
May 14, 2015
For More Information, contact Communication Manager George Gannon 304 391 8643       Home Inspection?    HUD...
April 10, 2015
Outreach seminar sponsored by BB&T   For more information contact Communication Manager George Gannon at 304.391.8643...

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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.