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West Virginia Financing
West Virginia provides many home
financing assistance programs through its Housing Development Fund (HDS). The Employer
Assisted Loan Program is designed to allow employers in the public and private sectors
to participate in providing affordable housing opportunities for their employees.
The Single Family Bond Program offers 30-year, below-market rate mortgages, providing
97% to 100% financing. In some counties, however first-time buyer regulations apply.
(first-time home buyer means that applicants cannot have owned a home in the prior
three (3) years.) HDS also provides a Closing Cost Assistance Loan which is available
for applicants qualifying for the Single Family Bond Program. It is an eight-year,
deferred payment loan in the amount of $2,000. Once homebuyers have determined whether
or not to use the services provided by the HDS, they still need to follow the following
steps in financing their home:
1. Choose a lender or mortgage broker.
A lender actually makes the loan. A broker acts as a go-between for a buyer and
a lender. Don't hesitate to ask friends or associates for recommendations. Ask the
lender or broker for references if you need more input.
2. Submit your records.
A lender will ask for your financial records, including pay stubs for the last
30 days and three months of bank statements. You may also have to answer tough questions
about your financial history. Be prepared: gather your financial documents ahead
of time.
3. Check interest rates.
Interest rates tend to fluctuate. Follow interest rate news and if rates are
low, you may ask your lender to lock-in, or commit to that rate, that day. Just make
sure the lock-in period includes the day you close on the house and doesn't incur
extra charges.
4. Choose a loan.
You may think you want a 30-year, fixed-rate mortgage, but an adjustable-rate
mortgage may be more appropriate for your circumstances.
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| Our featured West Virginia Home
Financing partners: |
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GuideToLenders
 With
interest rates at all-time lows, there has never been a better time to refinance.
Take advantage of getting additional cash out to improve your home, buy a new car,
or pay for a child's education. GuideToLenders.com will provide you with competitive
loan quotes from up to four lenders. Different types of refinance loans offered are
30-year fixed, 15-year fixed, adjustable rate, and interest only. You'll receive
the best rates and options available, regardless of your credit. It takes less than
a minute to apply, and you have nothing to lose. Find your refinance loan right now.
>Request for more
information today. |
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MoneyNest
Shopping for a loan has never been easier. MoneyNest is an online loan marketplace
that allows you to send a single application to over 400 lenders. Submit your application
and get access to low rates on a second mortgage, refinance, home equity line of
credit, or a home improvement or debt consolidation loan. Get up to 4 FREE quotes.
>Request for more information today. |
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Countrywide
Home Loans
Qualified homeowners -  even those with less-than-perfect credit
- may now access their home's equity to get cash, consolidate debts, and lower monthly
expenses. Countrywide Home Loans may also help applicants who are self-employed or
have high consumer debt. We offer competitively priced home loan programs, including
fixed rate, adjustable rate, refinance and home equity loans.
>Contact us today
for a free loan consultation. |
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DebtWave
Credit Counseling, Inc.
DebtWave Credit Counseling, Inc. offers a program to its clients that enables them
to repay their debt in a timely fashion. We specialize in working primarily credit
cards; however, we are usually able to assist clients with any bills that are considered
to be unsecured. Below is a list of benefits that we are typically able to obtain
for our clients:
 - Reduce your interest rates
- Lower your monthly payment
- Consolidate into one monthly payment
- Eliminate late & overlimit fees
- Stop harassing phone calls (if behind)
>Request for more information today. |
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Our featured partner for Investment
Assistance:
I NVESTools
The advantage of having an easy-to-follow, step-by-step investing process with easy-to-use
Web-based tools is that you rely on facts to make decisions - not emotions. The benefits
are less stress, better results and, dare we say it, fun.
> Request more information
today |
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