Homeownership Interest Rate for April 21, 2017:
4.25% (APR: 4.742%)

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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...
December 21, 2016
  West Virginia’s natural beauty is truly unmatched.   Our citizens are among the brightest, hardest working and...
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 23, 2016
CHARLESTON – The West Virginia Housing Development Fund is excited to announce a new initiative that will help our state’s low-income...

Fund Remains Only Housing Finance Agency with “AAA” Distinction

 

 

Standard & Poor’s Rating Service has once again affirmed West Virginia Housing Development Fund’s “AAA” issuer credit rating. The “AAA” qualification is Standard & Poor’s highest ranking and the Fund is the only state housing finance agency to receive an “AAA” rating. The WVHDF is West Virginia's affordable mortgage leader.

 

 

 

Standard & Poor’s Rating Service has once again affirmed West Virginia Housing Development Fund’s “AAA” issuer credit rating. The “AAA” qualification is Standard & Poor’s highest ranking and the Fund is the only state housing finance agency to receive an “AAA” rating.

 

The rating service lauded the extremely high credit quality of the Fund’s asset base, the Fund’s ability to successfully meet its legislative mandate, the extensive experience of the Fund’s management and its conservative philosophy.

 

According to the report, the Fund “has been successful in meeting its mission of financing affordable housing for West Virginia residents.”

 

The authors of the report also noted that the Fund has a “strong” relationship with the West Virginia Legislature and that the Fund’s board of director’s provides “a great source of stability and depth of knowledge.”

 

“The “AAA” rating is a great testament to our staff and their hard work. They understand our mission and take it to heart each and every day,” said Erica Boggess, the Fund’s Acting Executive Director. “The fact that we are the only state housing agency in the country to achieve and maintain an “AAA” rating speaks to their dedication. But more importantly, this rating further helps us do what we do best – help state residents make their dream of homeownership a reality.”

 

We are fortunate enough to serve a community who understands what it means to own a home,” Boggess continued. “We have faith in this state and its residents, and that faith is reflected in this rating. We are only as good as our clients, but, we’re lucky to have the best clients in the nation.”

 

The Huffington Post has also named West Virginia the best state for first-time homebuyers because of Fund mortgage programs. 

 

Standard & Poor's is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data.

 

The West Virginia Housing Development Fund is a public body corporate and governmental instrumentality of the State of West Virginia established to increase the supply of residential housing for persons and families of low- and moderate-income, and to provide construction and permanent mortgage financing to public and private sponsors of such housing.  To date, the Housing Development Fund has issued more than $4.4 billion in bonds and has financed more than 119,000 housing units since it began operation in 1969. The West Virginia Housing Development Fund is an Equal Housing Opportunity Lender.  

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.