Home loans with built-in down payment and closing cost assistance.
Virginia Housing FHA Plus Loans are Virginia-financed FHA-insured home loans that include a second mortgage. This structure is designed to help qualified borrowers who need down payment and closing costs assistance when buying their home.
Key Features of Virginia Housing FHA Plus Loans
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FHA-fixed first mortgage
FHA loans are not just for those looking to put less money down, they are also for those looking for more lenient lending requirements.
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Second mortgage 3.5% - 5.00% based on credit score
Low interest rates on the second mortgage makes Virginia Housing FHA Plus loans a viable option for homebuyers looking for more flexible options.
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100% Financing available
With 100% financing options available, Virginia Housing FHA Plus loans are a great option for homebuyers regardless of their down payment plans.
Benefits Of Virginia Housing FHA Plus Loans
- FHA-fixed first mortgage
- 100% financing, no downpayment cash needed with FHA Plus 2nd mortgage
- Second mortgage 3.5% – 5.00% based on credit score
- Low payments on the second mortgage.
- Could reduce federal taxes owed
- Liberal credit qualifying
Additional Highlights of Virginia Housing FHA Plus Loans
- Low 30-year fixed interest rate
- Second mortgage covers all required downpayment
- Credit scores 680 and greater can receive additional funds for closing costs
- Second mortgage for 30-year term
- Eligible for Mortgage Credit Certificate (MCC)
- Credit scores as low as 620
Why trust Southern Trust with your home financing?
Founded in 1998, Southern Trust Mortgage is a full-service mortgage lender. We offer diverse mortgage products designed to meet any home financing need. Our continued success is a result of the outstanding customer service we offer our clients and business partners. All of our loans are expedited through local processing, underwriting, and closing agents. Our industry-leading service truly sets Southern Trust Mortgage apart.
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In business since 1998
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Very competitive interest rates
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Over 65,000 loans closed
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In-house underwriting, processing and funding
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Licensed and experienced mortgage loan officers.
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