Our construction crew completed the renovations at 222 Cherry St on Nov 3rd, excellent job gentlemen, we have already received compliments after our 1st showing last night and another this morning. Photos coming soon along with pricing- call for a visit anytime!!
FMHA
Archived Posts from this Category
June 30, 2009
I get a lot of phone calls from folks interested in Morgantown Homecoming properties, but just as many from folks who simply want some clue about buying a house. If you’ve ever tried to get information about buying a home from, say, the internet, you find a lot of vague, hazy lists.
Why not take a more organized, informed approach to home buying and joing the Fairmont-Morgantown Housing Authority for its monthly Home Buyer Education Class? Spend a whole day talking with the Housing Authority’s Homeownership Counselor, Donna Lane, about every aspect of homeownership.
Donna’s a great instructor and you’ll walk away with an awesome detailed manual to the whole process. I went through homebuyer education last year, and I work for the Housing Authority–but I still reference my manual!
Classes are held in the Housing Authority’s Fairmont office the second Friday of every month, so that’s July 10 from 9AM-5pm, with lunch provided. Classes are free. To get your spot, call Donna at (304) 262-0860 x127.
June 12, 2009
If you’re interested in purchasing a new, never-occupied home the West Virginia Housing Development Fund and the Fairmont-Morgantown Housing Authority have the mortgage for you: a 3-2-1 buy down.
The buy down enables buyers, of new or never lived in homes, to purchase those homes because the interest rates for the first three years arebe well below market interest rates.
For example, a home buyer obtaining a 5% loan over thirty (30) years will see that first year rate lowered by 3% to 2%. In the second year, that rate will be lowered to 3% and in the third year, the rate will be lowered to 4%. The rate over the remaining years would be 5%.
For more information on the the 3-2-1 buy down, call Lorraine Gervella, FMHA Loan Officer at (304) 677-4880.
Loan subject to buyer’s credit and availability of funds.
March 18, 2009
more about “Morgantown’s an economic oasis“, posted with vodpod
January 22, 2009
I’ve been noodling around on Dataplex.org, a great, easily navigable site that makes Census data more accessible than American Fact Finder ever could. Its only drawback: the smallest geographic area it measures is a census tract. Why is that a drawback? Because, for instance, Greenmont and portions of South Park share a Census tract. Evansdale and the rental developments between University Avenue and Chestnut Ridge Road share a census tract, too. So the number presented here are not as reliable as they could be. Still, the website does a nice a job.
Based on info from Dataplex.org, which is in turn info from the U.S. 2000 Deccennial Census, Summary File 3, here are the homeownership rates for some of Morgantown’s neighborhoods as compared in 1990 and 2000.
You can see that Greenmont and Wiles Hill experienced the greatest drop in number of homeowners per occupied housing units between 1990 and 2000. Greenmont lost 12% and Wiles Hill 8%. The intern, Victoria, and I talked about this yesterday. Was the drop, Victoria wondered, because more rental units were built in these neighborhoods than in others? So in reality, the neighborhoods didn’t lose homeowners, but rather gained rental units? This is a good question, and one to which I don’t have an answer.
In the interest of full disclosure, here is a list of the neighborhoods, along with the corresponding Census tract used for measurement:
Suncrest ~ Tract 54061-0118.01
Greenmont ~ Tract 54061-0109.01
Evansdale ~ 54061-0103
Wiles Hill ~ 54061-0102
Woodburn ~ 54061-0107
December 30, 2008
Morgantown Homecoming is set to meet with the South Hills Neighborhood Association on January 27, 2009 at 7:30pm at the BOPARC Marilla Center. We’ve been invited to discuss the concept of a voluntary deed restriction. This is a great opportunity for us and for South Hills residents.
December 15, 2008
This is no time to be joking about mortgages, so I’m simply going to post the new rate sheet provided by the lovely Lorraine Gervella, FMHA’s loan officer. If you have any questions about our mortgage offerings, please call Lorraine at (304) 677-4880. She’ll walk you through the paper work and help you decide which product is the right one for you!
