The West Virginia Housing Development Fund is proud to announce a new video designed to help our partners across the lending and banking industries better understand our mortgage loan products. Lenders, or anyone who is interested in learning more about what our home ownership programs are comprised of, are welcome to watch.
Detailed in the presentation will be the Homeownership Program, or what is commonly known as the first-time homebuyer’s program or the bond program, the Movin’ Up Program, which gives seasoned homebuyers another home-buying choice, our Down Payment and Closing Cost Assistance Loan and what refinancing options might be available.
“Our lending partners are a vital part of our mission to help the residents of this state find safe, decent affordable housing,” said Erica L. Boggess, the Fund’s Acting Executive Director. “They are busy professionals and we need to be able to communicate with them as their schedule dictates. This is a great opportunity to engage them at their convenience.”
The video offers a fairly in-depth overview of how the programs work, which product is right for a potential homebuyer and what is required of the lender during the application and underwriting process.
“We hope the mortgage lending community, or anyone who just wants to learn more about what we do, will take a few minutes to watch this video,” said Jon M. Rogers, the Fund’s Senior Director of Single Family Loan Originations. “Our entire organization prides itself on openness and transparency. We are proud of what we do and how we do it. This video reflects that.”
Other videos produced by the Fund include Getting Ready for Homeownership, a four-part series about what it takes to purchase a home, and Ten Myths About the WVHDF: Realtor's Edition, a video aimed at helping Realtors and real-estate agents breakdown some misconceptions about the Fund.
Please enjoy the video and if you have any questions, feel free to contact us.