Homeownership Interest Rate for September 23, 2017:
4.00% (APR: 4.480%)

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August 16, 2017
The West Virginia Housing Development Fund is proud to announce the promotion of two long-time employees.   Crystal Toney will be...
August 9, 2017
CROSS LANES – As of Monday, there is one less blighted, dangerous building in Kanawha County.   It took about 20 minutes for a large...
June 1, 2017
Most know the West Virginia Housing Development Fund through our home-buying programs. One in 10 West Virginia homebuyers have entrusted us...
April 25, 2017
The West Virginia Housing Development Fund’s Board of Directors has approved a loan to the Kanawha County Commission to help take down...
April 18, 2017
  Erica L. Boggess has been named Executive Director of the West Virginia Housing Development Fund.     Boggess, who has...
March 30, 2017
A message to our customers:   Here at the Fund, we are proud of what we do. We are honored by the fact that so many West Virginians...
February 14, 2017
We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2016 Annual Report. This is an important record of...
January 26, 2017
  The West Virginia Housing Development Fund is excited to welcome Governor Jim Justice and Agriculture Commissioner Kent Leonhardt...
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...

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.