<script>
  (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){
  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),
  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)
  })(window,document,'script','https://www.google-analytics.com/analytics.js','ga');

  ga('create', 'UA-83261029-1', 'auto');
  ga('send', 'pageview');

</script>

<?php include_once("analyticstracking.php") ?>
   

 
COMMUNITY HOUSING ACTION PARTNERSHIP (CHAP)
601-3 E. Brockway Avenue, Suite A & B
Morgantown, WV  26501
304.292.0186      infor@chapwv.org

Mission: CHAP is a community consortium that serves as a catalyst to produce quality affordable and accessible homes through leveraging and maximizing resources
HOMEOWNERSHIP FINANCIAL ASSISTANCE
FACT SHEET

Fairmont-Morgantown Housing Authority (FMHA)
HomeQwnership Center
304-363-0860
The HomeOwnership Center is the "one-stop shop" for helping West Virginian's begin and sustain successful homeownership. Through a collaborative partnership we help families obtain a new home where they can create a bright future, and show continued support to help educate homeowners and prevent mortgage delinquency as needed.

The Housing Counseling Program is proud to offer the following Counseling and Education Services:
"    Pre-Purchase Counseling
"    Homebuyer Education
"    On-line Homebuyer Education
"    Delinquency/Default Counseling
"    Non-Delinquency Post-Purchase Education
"    Non-Delinquency Post Purchase Counseling

Fairmont-Morgantown Housing Authority
Down Payment Assistance Program (City of Morgantown CDBG)
304-363-0860
The Down Payment Assistance Program will assist low-income first time homebuyers with $2,500 grant for down payment when purchasing property in the City of Morgantown. Homebuyers will need a 3% down payment from savings, which could average $2,778 for low-income household.

NewHOME
Fairmont-Morgantown Housing Authority
HomeOwnership Center
304-363-0860
WVHDF's program for 80% and below of the area median income. Currently they are offering a low interest(currently zero)  at 30 year term.  Household income must not exceed 80% of the area median income.  House price limits apply.   Other restrictions apply.  Funds are limited.

WV Housing Development Fund (WVHDF)
Homeownership Program
5710 MacCorkle Ave., SE
Charleston, WV 25304
1-800-933-8511
To qualify for a Homeownership Program Loan, three criteria must be met:
"    Borrower(s) gross income must not exceed a county income limit
"    The house to be purchased must not exceed a house price limit
"    The borrower cannot have owned a home within the prior three years in Monongalia and other identified WV counties
A Homeownership Program Loan is a 30-year, fixed rate mortgage loan. Up to 100% of the purchase price of the home can be financed. Other conditions apply.

WV Housing Development Fund (WVHDF)
Down Payment/Closing Cost Assistance Program
5710 MacCorkle Ave., SE
Charleston, WV 25304
1-800-933-8511
Down payment and closing cost assistance loans are available in conjunction with the Homeownership and Movin Up programs to reduce the amount of upfront money needed to purchase a home.
Options for our Homeownership program:
"     $7,500 for loans with a loan-to-value ratio greater than 90% of the purchase price
"     $10,000 for loans with a loan-to-value ratio less than or equal to 90% of the purchase price
Options for our Movin' Up program:
"    $5,000 for loans with a loan-to-value ratio greater than 90% of the purchase price
"    $8,000 for loans with a loan-to-value ratio less than or equal to 90% of the purchase price
This is a 15-year, fixed-rate loan.  The current rate is  2.00%

WV Housing Development Fund (WVHDF)
Movin' Up Program
5710 MacCorkle Ave., SE
Charleston, WV 2304
1-800-933-8511
The Movin' Up Program has been designed to help moderate-income homebuyers purchase a new residence.  Movin' Up does not have a first-time homebuyer requirement and is geared toward home buyers who might have outgrown their current residence or just want to make a change.
Income and house price limits apply.

West Virginia University (WVU) New Employee Down Payment Program
Fairmont-Morgantown Housing Authority
HomeOwnership Center
Christal Crouso ccrouso@fmhousing.com or 304-363-0860 ext. 105
Limited down payment funds are available on a first come first ready basis. Up to $10,000 at zero percent interest over ten years is available in the form of a forgivable loan for any eligible employee. Funds can be used to purchase a single family, town house or duplex home in the near campus city neighborhoods of Wiles Hill, Greenmont, Woodburn and First Ward as part of the FMHA Morgantown Homecoming Program. FMHA can assist in the purchase or construction of a new home, attractive mortgage financing, and other homebuyer services. Once purchased the home cannot be rented and must be the owner's primary residence. A deed restriction will be imposed to keep the home owner occupied.

Federal Home Loan Bank (FHLB)
First Front Door
www.firstfrontdoor.com
Through First Front Door (FFD), FHLBank members can open the door for first-time homebuyers. With FFD grants, the Bank will match the qualified homebuyer's contribution 3-to-1. For every $1 of contribution the homebuyer makes, the Bank will provide $3 in grant assistance, up to a maximum of $5,000.



Compiled by Community Housing Action Partnership (CHAP), 2016