Homebuyers who wish to buy a newly constructed home may be eligible for this unique program. Affordability comes in the form of interest rate reductions for the first three years. The first year of the loan will accrue interest at 3 percent below the original mortgage rate. During the second year, the borrower will pay 2 percent less interest, and 1 percent less during the third year. The interest rate reverts back to the original rate during and after year four.

We are approved by the U. S. Department of Housing and Urban Development (HUD) to provide counseling, education and advice in housing issues to new and existing homeowners.

The Leverage loan is available to homebuyers with low to moderate income who need affordable housing. The maximum amount of the loan is $40,000, but it is offered to supplement a 30-year conventional mortgage and is a 30-year principal-only loan. This program is only available in certain counties in West Virginia.

This program can be used with the Secondary Market first mortgage to help with the up-front costs of that mortgage. Homebuyers have one of two options, both are 10-year loans at 4 percent interest. Option one has a maximum loan amount of $5,000 with interest beginning to accrue right away. Option two has a maximum loan amount of $3,000 with a deferred period of five years at zero percent with no payments, after which the 4 percent interest would begin accruing.

Also known as West Virginia's First-Time Homebuyer Program, this loan program offers a fixed-rate first mortgage for either 25 or 30 years. Below-market interest rates make the home more affordable for homebuyers who meet income, credit, and purchase price limits. Down payment assistance may be available through the Home Ownership Assistance Program.

Any West Virginia homebuyer at any income level who wishes to find an attractive interest rate for their first mortgage should investigate this program. The term of the first mortgage could be 10, 15, 20, or 30 years. Purchase price limits apply. If the borrower needs help with the down payment, they may be eligible for assistance.