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WesBanco, Inc. launches Community Heroes Program – a new home mortgage program supporting first Responders

WHEELING — WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, recently launched a new mortgage program that will make the home buying journey a little bit easier. The Community Heroes Program recognizes first responders who unselfishly put their lives on the front line for their communities.

The Community Heroes Program is a home mortgage program that offers 100% financing of the home purchase price, whether one is looking for their first home or their forever home. The program is available to those working as firefighters, paramedics, police officers, teachers (must be currently employed and full-time state certified), professors, nurses, National Guard, and Active and Reserve Military members.

“Given the current economic climate and challenges in the housing market, it is becoming increasingly difficult for many people to purchase a home,” said Ed Hensley, WesBanco Executive Vice President & Manager Residential Lending. “WesBanco has always focused on the needs and success of our customers and communities. As a community-based financial institution, it is important for us to introduce a program such as the Community Heroes Program, to help our trusted first responders in any way that we can.”

Rising interest rates coupled with a high market demand and low inventory has made an already difficult process even more tedious for prospective home buyers. With those factors, plus the financial burden coming up with a down payment can present, many people are being priced out of the housing market altogether. As such, WesBanco is offering 100% financing of the purchase price for those who qualify. Additional program highlights include Loan Types: 5/1, 7/1, 10/1 and 15/1 Adjustable-Rate Mortgages, .125% rate discount for auto debit from a WesBanco checking account, Extended rate locks (additional fees may apply), private mortgage insurance required, and 3% seller concession allowed. The maximum loan amount is $647,200 and the property (single family/condo) must be owner occupied. 

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