$1,000,000 to $50,000,000
1 year, 2 years, 5 years
Loan Type Bridge Loan, Rehab Loan, Second Mortgage
Property Type 2-4 Units, Hotel, Mixed use, Office, Retail, SFR
Virginia Second Mortgage Lenders
Below is a list of 11 Lenders that offer second mortgage in Virginia. Interest Rates vary on a case-by-case basis but are typically offered from 6% to 15%. In addition, these lenders provide loans amounts from $75,000 and $75,000,000.
Top 10 Cities to Get a Second Mortgage in Virginia: A Comprehensive Guide
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Virginia Beach:
As the largest city in Virginia, Virginia Beach offers a vibrant coastal lifestyle, a strong economy, and a diverse real estate market. With its beautiful beaches, top-rated schools, and ample recreational opportunities, securing a second mortgage in Virginia Beach provides homeowners with numerous options.
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Norfolk:
Located in the Hampton Roads metropolitan area, Norfolk boasts a rich maritime history, a growing economy, and a diverse cultural scene. Its stable housing market and access to waterfront amenities make it an appealing destination for homeowners seeking a second mortgage.
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Richmond:
As the capital of Virginia, Richmond offers a blend of historic charm and modern amenities. Its stable housing market, strong job market, and access to top-rated universities make it an attractive choice for homeowners considering a second mortgage.
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Arlington:
Located just across the Potomac River from Washington, D.C., Arlington offers urban living with easy access to the nation's capital. Its stable housing market, top-rated schools, and proximity to major employment centers make it an appealing destination for homeowners seeking a second mortgage.
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Alexandria:
Nestled along the banks of the Potomac River, Alexandria offers historic charm, cultural attractions, and a strong sense of community. Its stable housing market and proximity to Washington, D.C., make it an attractive choice for homeowners looking to access their home equity.
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Newport News:
Located on the Virginia Peninsula, Newport News offers waterfront living and a range of recreational opportunities. Its stable housing market, affordable cost of living, and access to major military installations make it a desirable location for homeowners seeking a second mortgage.
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Hampton:
Adjacent to Newport News, Hampton offers a rich history, a diverse community, and a strong sense of culture. Its stable housing market and access to waterfront amenities along the Chesapeake Bay make it an appealing choice for homeowners considering a second mortgage.
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Roanoke:
Nestled in the Blue Ridge Mountains, Roanoke offers scenic beauty, outdoor recreational opportunities, and a low cost of living. Its stable housing market and strong sense of community make it a desirable location for homeowners seeking a second mortgage.
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Fairfax:
Located in Northern Virginia, Fairfax offers suburban living with easy access to urban amenities. Its top-rated schools, strong job market, and diverse housing options make it an attractive destination for homeowners looking to leverage their home equity.
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Chesapeake:
As the third-largest city in Virginia, Chesapeake offers a blend of suburban living and waterfront charm. Its stable housing market, low crime rate, and access to outdoor recreational activities make it an appealing choice for homeowners seeking a second mortgage.