Homeownership Interest Rate for January 17, 2018:
4.00% (APR: 4.480%)

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December 6, 2017
RIPLEY – The West Virginia Housing Development Fund recently celebrated the dedication of Elizabeth Way Apartments.     Erica...
November 27, 2017
Fund Remains Only Housing Finance Agency with “AAA” Distinction   Standard & Poor’s Rating Service has once again affirmed West...
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...

WVHDF Hosts New Lender Training


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.