New! - WVU Offers Employee Down Payment Program
West Virginia University has teamed with the Fairmont-Morgantown Housing Authority (FMHA) to offer an employee down payment assistance program to its faculty and staff wishing to purchase a home in targeted Morgantown neighborhoods.
These limited down payment funds are available on a first come first ready basis. Up to $5,000 at zero percent interest over five 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.
Please contact Christal Crouso at 304-363-0860 ext. 105 or firstname.lastname@example.org for further details.