{"data":{"id":"us-wv/w.-va.-code-31-18f-6","jurisdiction":"us-wv","citation":"W. Va. Code § 31-18F-6","heading":"Rules to be adopted by fund.","body":"The fund shall promulgate rules, including emergency rules, if necessary, in accordance with §29A-3-1 et seq. of this code, including rules:\n(1) Specifying qualifications for financial institutions to participate in the program;\n(2) Specifying underwriting criteria for a program loan, such as minimum down payment, credit score, ratios of housing expense and of all reoccurring debt as a percentage of income of the borrower, and any exceptions to those criteria;\n(3) Specifying the statewide allowable purchase price of a home for the purposes of the program;\n(4) Specifying the security required for a mortgage loan financed by the program;\n(5) Specifying the qualifications of a first-time homebuyer;\n(6) Providing the Legislative Auditor with access to records of participating financial institutions regarding loans made pursuant to this program;\n(7) Governing the loan application process;\n(8) Specifying the maximum origination fee that may be charged by a participating financial institution;\n(9) Specifying the maximum servicing fees that may be charged by the fund; and\n(10) Other loan conditions determined to be necessary by the fund.","path":["CHAPTER 31. CORPORATIONS.","ARTICLE 18F. THE WEST VIRGINIA VETERANS’ HOME LOAN MORTGAGE PROGRAM OF 2024."],"source_url":"https://code.wvlegislature.gov/31-18F-6/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:27:51Z","sha256":"398e377f65adb81e35dc74ef2b40ced94729c15a8e34d3a0fd2eccfc70fc4459","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-31-18f-5","next":"us-wv/w.-va.-code-31-19-1"},"notice":"GroundRules: Original legal text. Not legal advice."}