Lending Services and Support

Our loans are intended to provide affordable financing to limited income families to fund the acquisition, construction, or rehabilitation of housing in West Virginia.
Prequalification Form
 CommunityWorks is West Virginia, Inc. (CWWV) is a non-profit organization committed to helping you find the right and affordable mortgage product to suit your needs. CWWV has been providing loan products to limited income families for over 25 years.

We at CWWV know that every borrower is different and therefore provide a variety of loan products to meet your individual requirements.

Please note that rates are subject to change and most loan products are available as long as funding is available. Loans are processed in the order they are received.

New Homeownership Loans

The New Homeownership Loan is designed to provide low interest rates specifically to limited income individuals to fund the acquisition or construction of affordable single-family housing.

Terms and Requirements:
   • CWWV may finance up to 100% of the loan;
   • Interest rates are based on Area Median Income Percentage (AMI%);
    • Fixed monthly installments up to 30 years;
   • Applicant must have the ability to repay the loan in regular monthly
      installments;
   • Applicant must have good credit history;
   • Borrowers are required to complete Homebuyers Education.
   • Loans are available as long as funding is available and are processed
      in the order they are received.

Down Payment and Closing Cost Assistance Loan

The Down Payment and Closing Cost Assistance Loan is a down payment and closing cost assistance loan to homebuyers purchasing a single-family home.

Terms and Requirements:
   • Interest rates are based on AMI%;
   • Fixed monthly installments up to 30 years and will run side by side
     with mortgage loan; 
   • Applicant must have the ability to repay the loan in regular monthly
      installments;
   • Applicant must have good credit history; 
   • Loans are available as long as funding is available and are processed
      in the order they are received.

Rehabilitation Loan

The Rehabilitation Loan is for homeowners that are looking to repair or improve their homes or remove health and safety hazards.

Terms and Requirements:
   • Maximum Loan Amount is $15,000;
   • Interest rates are based on AMI%;
   • Fixed monthly installments up to 20 years;
   • Applicant must have the ability to repay the loan in regular monthly
      installments;
   • Applicant must have good credit history;
   • All work has to be completed by a licensed and insured contractor.
   • Loans are available as long as funding is available and are processed
     in the order they are received.

Flood Recovery Loan

The Flood Recovery Loan serves flood impacted families by providing direct loans to finance the acquisition, construction, or rehabilitation of housing.

Acquisition and Purchase Terms and Requirements:
   • CWWV may finance up to 100% of the loan;
   • Interest rates are based on AMI%;
   • Fixed monthly installments up to 20 years;
   • Applicant must have the ability to repay the loan in regular monthly
      installments;
   • Applicant must have good credit history;
   • Borrowers are required to complete Homebuyers Education. 
   • Loans are available as long as funding is available and are processed
      in the order they are received.

Rehabilitation Terms and Requirements:
   • Maximum Loan Amount is $15,000;
   • Interest rates are based on AMI%;
   • Fixed monthly installments up to 20 years;
   • Applicant must have the ability to repay the loan in regular monthly
      installments;
   • Applicant must have good credit history;
   • All work has to be completed by a licensed and insured contractor.
   • Loans are available as long as funding is available and are processed
     in the order they are received.

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