Investors in Virginia use DSCR financing to buy and refinance one- to four-unit rentals without leaning on personal income paperwork. The loans are usually business-purpose, often vested in an LLC, and priced according to the property's rent, your credit and the cash you bring. Local tax bills and insurance quotes in Virginia feed directly into the ratio, so gather realistic figures for each address you are considering and ask how each lender documents rent.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
Virginia landlord-tenant law: Virginia Residential Landlord and Tenant Act. The VRLTA (Code of Virginia Title 55.1, Chapter 12) covers most residential rentals in Virginia; DHCD publishes the required Statement of Tenant Rights and Responsibilities and a landlord-tenant handbook. Leases you show a lender should follow it.
Where the numbers point in Virginia
Counties with the most investment-property purchase loans (2024):
| County | Investment-property purchase loans (2024) |
|---|---|
| Fairfax County | 670 |
| the City of Virginia Beach | 426 |
| Henrico County | 368 |
| Chesterfield County | 345 |
| the City of Richmond | 344 |
| Prince William County | 313 |
| the City of Norfolk | 298 |
| Loudoun County | 287 |
| the City of Lynchburg | 193 |
| the City of Roanoke | 191 |
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Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
DSCR Loans by city in Virginia
- Abingdon
- Alexandria
- Annandale
- Aquia Harbour
- Arlington
- Ashburn
- Ashland
- Bailey's Crossroads
- Bedford
- Belle Haven
- Bellwood
- Belmont
- Bensley
- Big Stone Gap
- Blacksburg
- Bon Air
- Brambleton
- Brandermill
- Bridgewater
- Bristol
- Broadlands
- Broadway
- Buckhall
- Buena Vista
- Bull Run
- Burke
- Burke Centre
- Carrollton
- Cascades
- Cave Spring
- Centreville
- Chamberlayne
- Chantilly
- Charlottesville
- Cherry Hill
- Chesapeake
- Chester
- Christiansburg
- Collinsville
- Colonial Heights
- Countryside
- Covington
- Crosspointe
- Crozet
- Culpeper
- Dale City
- Danville
- Dranesville
- Dulles Town Center
- Dumbarton
- Dumfries
- Dunn Loring
- East Highland Park
- Emporia
- Ettrick
- Fair Lakes
- Fair Oaks
- Fairfax
- Fairfax Station
- Falls Church
- Farmville
- Fishersville
- Floris
- Forest
- Fort Belvoir
- Fort Hunt
- Fort Lee
- Franconia
- Franklin
- Franklin Farm
- Fredericksburg
- Front Royal
- Gainesville
- Galax
- George Mason
- Glen Allen
- Gloucester Point
- Great Falls
- Greenbriar
- Groveton
- Hampton
- Harrisonburg
- Herndon
- Highland Springs
- Hollins
- Hollymead
- Hopewell
- Huntington
- Hybla Valley
- Idylwood
- Independent Hill
- Innsbrook
- Kings Park
- Kings Park West
- Kingstowne
- Lake Barcroft
- Lake Monticello
- Lake Ridge
- Lake of the Woods
- Lakeside
- Lansdowne
- Laurel
- Laurel Hill
- Leesburg
- Lexington
- Lincolnia
- Linton Hall
- Long Branch
- Lorton
- Loudoun Valley Estates
- Lowes Island
- Lynchburg
- Madison Heights
- Manassas
- Manassas Park
- Manchester
- Mantua
- Marion
- Martinsville
- Massanetta Springs
- McLean
- McNair
- Meadowbrook
- Mechanicsville
- Merrifield
- Montclair
- Montrose
- Mount Vernon
- Neabsco
- New Baltimore
- Newington
- Newington Forest
- Newport News
- Norfolk
- North Springfield
- Norton
- Oakton
- Orange
- Petersburg
- Pimmit Hills
- Poquoson
- Portsmouth
- Potomac Mills
- Pulaski
- Purcellville
- Quantico Base
- Radford
- Reston
- Richlands
- Richmond
- Roanoke
- Rockwood
- Rocky Mount
- Rose Hill
- Salem
- Sandston
- Seven Corners
- Short Pump
- Smithfield
- South Boston
- South Riding
- South Run
- Springfield
- Staunton
- Sterling
- Stone Ridge
- Strasburg
- Stuarts Draft
- Sudley
- Suffolk
- Sugarland Run
- Timberlake
- Triangle
- Tuckahoe
- Tysons
- University of Virginia
- Vienna
- Vinton
- Virginia Beach
- Wakefield
- Warrenton
- Waynesboro
- West Falls Church
- West Springfield
- Williamsburg
- Winchester
- Wolf Trap
- Woodburn
- Woodlake
- Woodlawn
- Woodstock
- Wyndham
- Wytheville
- Yorkshire
Common questions
Can I move into a property financed with a DSCR loan?
DSCR loans are made for investment property, meaning a home that is rented or held for income. They are not for a home you live in. If your plans change, talk with your loan officer about refinancing into the right kind of loan. Misrepresenting occupancy on a loan application is mortgage fraud, so describe your plans for the property honestly from the start.
What does DSCR stand for?
DSCR means debt service coverage ratio. It compares the rent a property produces with its monthly carrying cost, including principal, interest, taxes, insurance and association dues. Lenders use it to judge whether a rental can pay its own way. A ratio above 1 means the rent covers the payment, and each lender decides how much cushion it wants to see.
Why do DSCR loans often cost more than conventional loans?
DSCR loans often price higher than owner-occupied agency loans because they carry more risk for the investors who buy them. The lender is relying on the property's rent rather than a full review of your personal income. A stronger ratio, better credit and more cash in reserve can help your pricing, but every lender weighs those factors in its own way.
Other investor loans in Virginia
DSCR requirementsDSCR down paymentAirbnb / 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
- What Is a DSCR Loan? Meaning, the Ratio, and How It Works
- How to Get a DSCR Loan, Step by Step
- DSCR Loan Pros and Cons
DSCR Loans overview · Virginia investor loan overview
- 2024 HMDA data, investment-property occupancy