Virginia Housing Plus Second

Your down payment.
Fully covered.

An amortizing second mortgage that covers your entire required down payment - FHA or Conventional, first-time or repeat buyer. Here is the eligibility path, nine steps, so you always know what's next.

Your Plus Second journey

Step 1

Am I eligible?

Check Virginia Housing income and property limits - non-bond Expanded allows qualifying income up to the NoVA limit, any household size, repeat buyers welcome.

Eligibility check

Step 2

VH-approved lender

Only Virginia Housing approved lenders can originate the Plus Second - confirm your lender is on the approved list before you start.

Lender confirmed

Step 3

Pre-approval

Get pre-approved for both the first mortgage and the Plus Second together; your pre-approval letter shows the full picture to sellers.

Pre-approval

Step 4

Homebuyer education

Required for first-time buyers; complete the approved course early - it unlocks the second and does not slow your timeline if done ahead of your search.

Education

Step 5

House hunt

Shop knowing your full buying power with the down payment covered; keep the property type and acreage within Virginia Housing guidelines.

House hunting

Step 6

Offer accepted

Your Realtor writes the offer; disclose the Virginia Housing financing and confirm the seller and property meet program requirements.

Offer accepted

Step 7

Underwriting

Both the first and the second are underwritten together - provide documents promptly and avoid new credit or income changes during review.

Underwriting

Step 8

Clear to close

Final review of both loans; the second funds at closing alongside the first - your down payment obligation is met by the program.

Final review

Step 9

Closing day

Both loans close simultaneously; you own the home with the second on title as an amortizing loan alongside your first - real equity from day one.

Closing day

Program facts

Program-level facts, per Virginia Housing - not a guarantee or an offer of assistance.

Covers

Entire required down payment on the first mortgage.

Nature

Amortizing second with its own monthly payment - not a grant.

Combine rule

Cannot stack with Virginia Housing DPA or CCA grants.

Lender

Only Virginia Housing approved lenders can originate.

See your personalized numbers - free

Scan the code or reach out. We confirm your income track, assess your FICO tier, and structure both the first and the Plus Second together using your real price and profile - no obligation.

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{{compliance.pendingLabel}} Equal Housing Opportunity. {{lo.company}}, NMLS #{{lo.nmls}} (Company NMLS #{{compliance.companyNmls}}). Program facts per Virginia Housing guidelines rev May 2026; income and price limits effective August 1, 2026; programs subject to change without notice. Figures and the example household are hypothetical and for illustration only; not an offer, quote, or guarantee. Virginia Housing is not affiliated with {{lo.company}}; {{lo.company}} is an approved Virginia Housing lender and Virginia Housing is a state agency that does not endorse any particular lender. The Plus Second is an amortizing second mortgage with a monthly payment; it is not a grant, forgivable loan, or deferred second; it cannot be combined with Virginia Housing DPA or CCA grants. All loans subject to credit approval, underwriting, and program eligibility; not all applicants will qualify. This co-marketed material is shared by each party at its fair-market-value cost consistent with RESPA Section 8; no party pays for referrals. Consult a tax advisor. NMLS Consumer Access: www.nmlsconsumeraccess.org.