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DSCR Loan Down Payment in Virginia

What Virginia investors should know, with county data and city pages.

If you are planning a rental purchase in Virginia, think about cash in three parts: the down payment the lender asks for, your closing costs and the reserves you must keep afterward. Each lender sets its own requirements, and they shift with the property and your credit. Documenting every source of funds early, whether savings, sale proceeds or equity from another property in Virginia, keeps the process orderly and avoids delays at closing.

Questions about DSCR loan down payment in Virginia?

Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.

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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 investment-property purchase loans (2024):

CountyInvestment-property purchase loans (2024)
Fairfax County670
the City of Virginia Beach426
Henrico County368
Chesterfield County345
the City of Richmond344
Prince William County313
the City of Norfolk298
Loudoun County287
the City of Lynchburg193
the City of Roanoke191
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DSCR Loan Down Payment by city in Virginia

Common questions

Can a partner contribute to the down payment?

Often, if the partner is part of the borrowing entity or on the loan, and the lender can document the funds. Money from someone outside the deal may be treated as a gift or a loan and may not count. Partnership terms, ownership shares and guaranties belong in a written agreement, so talk to a tax professional or attorney before pooling funds.

Can I use gift money for a DSCR down payment?

Possibly, but do not assume it. Gift rules on business-purpose loans vary widely, and some lenders limit or decline gifts on investment property while others allow them with documentation. If a family member plans to help, tell your loan officer before you sign a contract so you know exactly what paperwork the lender would need and whether the gift will count at all.

Does a better ratio lower the down payment?

It can. A property whose rent covers its payment by a wide margin looks less risky, and some lenders will lend more against it. A tight ratio tends to push the other way. Your credit and the property type also factor in, so a strong ratio does not settle the question alone. Ask the lender to show you how each factor affects your quote.

Other investor loans in Virginia

DSCR loansDSCR requirementsAirbnb / STR loansHard money lendersHard money for a primary homeFix and flip loansInvestor bridge loansPortfolio lendersBlanket mortgagesInvestment property loansHELOC on a rentalInvestor cash-out refiSecond home loansInterest-only investor loansPrivate money lenders

Related guides

DSCR Loan Down Payment overview · Virginia investor loan overview

  • 2024 HMDA data, investment-property occupancy
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