New WV Mortgage Loan Program Launched

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Updated: 5:58 PM Jul 27, 2010 New WV Mortgage Loan Program Launched CHARLESTON, W.Va. (AP) The West Virginia Housing Development Fund is launching a new mortgage loan program that offers fixed 3.5 interest loans to 280 qualifying families. Posted: 8:00 AM Jul 28, 2010

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

The 30-year loan program also includes a zero percent down payment and closing cost assistance loans.

Gov. Joe Manchin and fund Executive Director Joe Hatfield announced the program Tuesday. It was made possible by the sale of
$35 million in bonds coupled with a special bond refunding.

The program is available statewide, but in 20 counties it's limited to first-time home buyers.

Those counties are Barbour, Berkeley, Boone, Brooke, Cabell, Greenbrier, Hancock, Harrison, Jefferson, Kanawha, Marion, Marshall, Mason, Mercer, Monongalia, Morgan, Ohio, Putnam, Raleigh and Wood.

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