The West Virginia Housing Development fund is launching a new mortgage lending program for low and moderate income families.
For the 280 qualifying first time home buyers, the program offers a 30-year fixed rate loan at 3.5 percent. There is also "no" down-payment and closing cost loans.
According to the web-site; www.wvhdf.com, in Kanawha County -- a family of 3 or more, with a median income of 74,000 dollars, can look at houses in the 270,000 dollar price range.
This deal is the lowest in the housing fund's 42-year history.
Meanwhile, with consumer confidence dropping, the National Association of Realtors is reporting existing home sales fell to a 3-month low and interest rates on 30-year fixed-rate mortgages were averaging at 4.5 percent.
Judge frees former W.Va. motorcycle club leader September 03, 2010 4:04 AM A federal judge has approved the release of former Pagan's Motorcycle Club national vice president Floyd "Jesse" Moore pending sentencing.
Panel: No delay for Ohio River bridges September 03, 2010 4:03 AM The panel developing a financial plan for the $4.1 billion Ohio River Bridges Project says it won't delay construction to avoid tolls.
Ohio governor outlines plan for new Medicaid money September 02, 2010 5:46 PM Gov. Ted Strickland has outlined how he will spend some of the $519 million that Ohio is getting in new federal Medicaid money, giving $150 million to hospitals to help offset state fees and designating $33 million to preserve jobs in the mental health system.
Fugitive Files
Wanted: Aug. 31, 2010 You Can Help! Failure to appear following attempted murder and malicious wounding, failure to appear for drug screening, and violaton of probation following conspiracy.
Behind The Kitchen Door
September 2, 2010 Mayberry's, Shoney's, Ichiban are on the list. Find out who has violations and who gets a big thumbs up!
Rachel Tarr
