Blanket Mortgages in Virginia

A blanket mortgage lets Virginia investors put several rentals under one loan, either to buy a group of homes together or to combine mortgages they already carry. Each property still gets its own title search, valuation and recorded lien, and the release clause sets what it costs to free one home for sale. Lenders in Virginia write these loans on their own terms, so compare release prices and reserve expectations before you choose this route.

Questions about blanket mortgages in Virginia?

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Virginia LLC and business entity filings: Virginia State Corporation Commission. Lenders lending to an LLC usually ask for its formation documents and good-standing record.

Virginia transfer taxes: State recordation tax, including the additional tax paid by the grantor. Section 58.1-802 adds a tax on deeds that convey real property, payable by the grantor (seller); it sits on top of the general recordation tax under Chapter 8. Your Loan Estimate or closing statement lists what applies to your deal.

Where the numbers point in Virginia

Counties with the most investor loans on 2-4 unit properties (2024):

County	Investor loans on 2-4 unit properties (2024)
the City of Norfolk	98
the City of Richmond	89
the City of Roanoke	84
the City of Lynchburg	65
the City of Portsmouth	34
the City of Petersburg	34
the City of Charlottesville	22
the City of Suffolk	22
the City of Danville	22
Montgomery County	15

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Blanket Mortgages by city in Virginia

Common questions

Does every property need an appraisal?

Most lenders want a valuation on each address, whether a full appraisal or another method the lender accepts. They also run a title search on each one. Expect a fee for each valuation and title product, which can make closing a blanket loan more involved than a single mortgage even though the result is one loan.

How are taxes and insurance handled on a blanket loan?

Each property keeps its own tax bill and insurance policy. Some lenders collect escrow for every address, while others ask you to pay directly and show proof. A lapse on one policy can be a default on the whole loan, so set reminders for every renewal and make sure the lender is named correctly on each policy.

Who offers blanket loans for rentals in Virginia?

Blanket loans on one- to four-unit rentals come from portfolio lenders, some DSCR lenders and private lenders, each with its own terms. A licensed loan officer or broker can tell you which lenders handle groups like yours. Look up any company's or loan officer's license on NMLS Consumer Access before you send personal or entity documents.

Other investor loans in Virginia

DSCR loans DSCR requirements DSCR down payment Airbnb / STR loans Hard money lenders Hard money for a primary home Fix and flip loans Investor bridge loans Portfolio lenders Investment property loans HELOC on a rental Investor cash-out refi Second home loans Interest-only investor loans Private money lenders

2024 HMDA data