Virginia · Second mortgage

Virginia Housing Plus Second Mortgage

3-5% of price — repeat buyers welcome

3-5% of purchase price as a second mortgage. Available to first-time AND repeat buyers.

Virginia Housing's Plus Second Mortgage provides additional DPA as a second mortgage for buyers who need more than the standard grant. The supplemental assistance helps buyers in Virginia's expensive Northern Virginia and Hampton Roads markets.

Amount3-5% of price — repeat buyers welcome

TypeSecond mortgage

Available inVirginia

First-time buyer requiredNo

Minimum credit score680

Multi-unit eligibleYes — 1-4 units

House-hack eligible

One of few state DPA programs for repeat buyers. Stack with non-VHDA local assistance.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

Virginia Housing DPA Grant 2-2.5% grant — no repayment ever

Virginia · Grant

Virginia Housing Closing Cost Grant 2% grant for USDA/VA loans only

Virginia · Grant

Virginia Housing Mortgage Credit Certificate Annual tax credit for life of loan

Virginia · Annual tax credit

All Virginia programs →

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