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Specialty Programs


Here are just a few specialty programs offered by Village Bank Mortgage. Whether you’re looking for a down payment assistance or a grant program, or in need of financing that exceeds industry conforming loan limits, Village Bank Mortgage and Village Bank is here to assist you with your home buying needs.

VIP Program

Our VIP (Very Important Purchase) program is designed to give your homebuyer more buying power and the ability to close as quickly as possible.

How? With an upfront conditional approval underwritten in-house. Why get pre-qualified when you can get pre-approved? This gives all parties – homebuyer, realtor and seller – peace of mind and confidence during negotiation.

No additional cost. No uncertainties. No worries!


Saving for your first down payment and closing costs can be hard. Village Bank Mortgage is proud to offer one the most expansive grant programs in the area. Village Bank Mortgage partners with federal, state and local housing agencies to bring the dream of homeownership into reach for prospective homeowners. We employ a full-time grant program coordinator that sources and monitors various grant programs throughout the Commonwealth of Virginia. In addition to First Time Homebuyer grants, Village Bank Mortgage offers Federal Home Loan Bank of Atlanta (FHLB) grants for firefighters teachers, police officers and veterans for up to $10,000. Program restrictions and household income limits apply.

Jumbo Loans

Also known as non-conforming loans, Village Bank Mortgage offers both fixed-rate mortgages and competitive adjustable-rate mortgage (ARM) products. These loans can be used to purchase or to refinance an existing home and are available for up to $3MM. In addition to traditional sources available through the secondary mortgage market, Village Bank Mortgage offers a suite of products directly available through Village Bank.

Bridge Loans

Selling a home and buying a home at the same time can be tricky. Bridge loans are a great option for qualified loan applicants that may want to use the equity in their existing home for the downpayment of their new home before closing on the sale of their current residence. Typically these loans are available for 6- to 12-month terms and are fully secured by the current property. As with most short-term notes, interest-only payments are required during the repayment period of these loans.

Home Equity Loans

More commonly known as second mortgages, home equity loans offer you the ability to borrow money for home improvements, debt consolidation, or many other reasons. Home Equity loans are available directly through Village Bank and allow you to borrow up to 89% of the total value of your home.

Home Equity Line of Credit

Home equity lines credit are a convenient alternative to a traditional home equity loan. Secured by a mortgage on your home, these revolving lines of credit allow you to borrow money over a period of time and pay it back with convenient monthly terms. Once paid back the equity line of credit is in place for up to 10 years and can be redrawn on as needed during that time. Also available through Village Bank directly, these loans allow you to borrow up to 85% of the value of your home.

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