WV LAUNCHES 3.5% INTEREST HOUSING PROGRAM

(07/12/2010)
The West Virginia Housing Development Fund is launching a new mortgage loan program that offers fixed 3.5 interest loans to 280 qualifying families.

It is a 30-year loan program which includes a zero percent down payment and closing cost assistance loans.

Executive Director Joe Hatfield announced the program yesterday.

It was made possible by the sale of $35 million in bonds coupled with a special bond refunding.

The program is available statewide.