The Legislature increased the Fund’s bonding authority from $130,000,000 to $300,000,000. Another $29,900,000 in bonds were sold to finance single-family homes. The Fund completed a Statewide Housing Needs Analysis, the most comprehensive analysis of its kind ever conducted in West Virginia. The single family mortgage annual income limit was $18,000, the house sales price limit was $42,000 and the average mortgage loan rate was 7.5%.
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Rates mentioned in news posts may not reflect current rates.