Wednesday, December 19, 2007

WV Housing

WV Housing is a well known program among local lenders. It offers a chance for many that need assistance in down payment assistance, closing cost, or a slight reduction in interest rate in order to afford that dream home.

The Mortgage Revenue Bond Program allows up to 100% of purchase price financing along with the possibility of closing cost assistance through a second loan.

The renovation loan known as Mountaineer Mortgage Plus, Renovation is particularly aggressive in the market providing up to $25,000 to renovate a property needing repairs or improvements. Of particular interest are the lack of limits on home prices or income. Customers need not be first time for this program.

Although more restrictive, the Mortgage Revenue Bond Program still is an attractive option to middle income customers wanting to purchase modest homes.


One final item of interest, although the State wants to assist in the revitalization of our fine State, it still needs to be able to put money back into the system.

Why is this important to you?

It is important to note when you use these programs, there are likely prepayment penalties and monies owed back to the State if you live in the property less than 10 years.


In closing, WV Housing has great programs to offer. Please make sure you want to stay there for a good while!

Check this link for details!

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