Loan options built around your plan
Second homes and investment property are my specialty, and my Novus Home Mortgage team helps with the full range of purchase and refinance loans. I’ll compare your options side by side so you can choose the loan that fits your life.
Investment-property loans
For long-term rentals, small multifamily and short-term rentals.
Learn more →Conventional
Loans that follow Fannie Mae or Freddie Mac guidelines, for primary homes, second homes and investment properties.
FHA
Federal Housing Administration–insured loans, often used by first-time and moderate-income buyers for a primary residence.
VA
Department of Veterans Affairs–guaranteed loans for eligible veterans, service members and surviving spouses, for a primary residence.
USDA
U.S. Department of Agriculture loans for eligible buyers in eligible rural areas, for a primary residence.
Virginia Housing loans & grants
Novus Home Mortgage is a Virginia Housing approved lender. Eligible buyers can use Virginia Housing first mortgages plus the Down Payment Assistance Grant, Closing Cost Assistance Grant and Plus Second Mortgage.
Learn more →Lender-specific down payment assistance
In addition to Virginia Housing, Novus offers our own lender-specific down payment assistance program. Ask Andy which options may fit — no amounts or terms are quoted here.
Learn more →Construction
Financing to build a home, including on your own lot in Albemarle County and surrounding areas.
Refinance
Change your rate or term, or access equity, based on your goals.
Temporary rate buydowns
Seller-, builder- or buyer-funded payment reductions in the early years of a loan. You still qualify at the full note rate.
Novus Equity Advantage (first-lien HELOC)
A first-lien home equity line of credit with a linked checking account, for primary homes, second homes and investment properties. Variable rate. Not right for everyone.
Learn more →Inflation Buster Buydown (limited time)
Novus pays for a temporary 1-0 buydown on qualifying purchase loans. Contract ratified October 1, 2026 to December 31, 2026 and closed by December 31, 2026. Note rate unchanged; subject to credit approval.
Learn more →Non-QM options
Novus offers Non-Qualified Mortgage lending for borrowers whose situations fall outside standard guidelines. Ask whether an option fits your scenario.
Talk through your purchase with Andy
Tell me the town, the property and how you plan to use it. I’ll tell you how a lender is likely to classify it, which local rules to check and what to gather before you make an offer.