Finance
The West Virginia Housing Development Fund (WVHDF) primarily provides:
ACommercial construction loans
BAffordable mortgage financing and down payment assistance programs for eligible homebuyers✓ Correct
CProperty tax relief for senior citizens
DFlood insurance for properties in floodplains
Explanation
The West Virginia Housing Development Fund (WVHDF) is a state agency that provides affordable mortgage loans, down payment and closing cost assistance programs, and other housing finance resources to help eligible West Virginians achieve homeownership.
Related West Virginia Finance Questions
- A West Virginia homeowner who wants to access equity in their home without selling can use a:
- A West Virginia lender's appraisal values a home at $200,000 but the buyer has agreed to pay $215,000. The lender will base the loan on:
- Private mortgage insurance (PMI) is typically required in West Virginia when:
- A West Virginia adjustable rate mortgage (ARM) has an initial rate of 4% for 5 years, then adjusts annually. The adjustment is tied to the SOFR index plus a 2.5% margin. If SOFR is 3% at the first adjustment, the new rate is:
- A West Virginia property's loan-to-value (LTV) ratio is 80%. The purchase price is $200,000. The down payment would be:
- A West Virginia borrower who takes out an adjustable-rate mortgage (ARM) should understand that:
- Under the Truth in Lending Act (TILA), a lender must disclose the Annual Percentage Rate (APR) to a borrower within:
- In West Virginia, a 'home equity line of credit' (HELOC) differs from a home equity loan in that a HELOC:
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