: Agencies like Virginia Housing offer "Plus Second Mortgages" that can cover the down payment for both first-time and repeat buyers , helping those who lost equity in a previous home purchase.
: Some private lenders, such as Griffin Funding or ACC Mortgage , allow for new mortgages as soon as one day after a foreclosure or bankruptcy discharge. 2nd chance home buying program
: Because the lender takes on more risk, these loans often carry higher interest rates than standard market rates. : Agencies like Virginia Housing offer "Plus Second
: Organizations like the Virginia Housing and Community Development Corporation (VHCDC) provide education and counseling specifically for prior homeowners looking to buy again after financial hardship. Requirements for Re-entry 2nd chance home buying program