Virginia Housing Plus Second Mortgage

A second mortgage designed to cover the required down payment and potentially part of closing costs.

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What it can provide

A 30-year fixed-rate second mortgage. Credit-qualified borrowers at 680+ may be able to finance up to 1.5% above the sales price for closing costs.

Who it may fit

Qualified first-time or repeat buyers using eligible Virginia Housing conventional or FHA first mortgages and meeting applicable income and sales-price limits.

Important terms

This is repayable financing, not a grant. It cannot be combined with Virginia Housing DPA or CCA grants.

Official program source →