DSCR & Investment Property Loans in Virginia

Lenders made 9,986 loans on investment properties across the Virginia counties in our data in 2024, 6,507 of them purchases, plus 1,618 loans on second homes. This page covers the Virginia rules investors ask about, every loan type by state and city pages for 194 cities and towns.

Buying or refinancing a rental in Virginia?

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Virginia rules and records for investors

Mortgage licensing: Virginia State Corporation Commission, Bureau of Financial Institutions
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.
Short-term rental tax registration: Retail Sales Tax on Accommodations. Short-term lodging is subject to Virginia sales tax on the total charge. The tax is collected either by the accommodations provider (the owner or business supplying the lodging) or by the accommodations intermediary (such as an online travel company), depending on who took the booking.
LLC and business entity filings: Virginia State Corporation Commission.
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.
Contractor licensing: Board for Contractors. DPOR's Board for Contractors licenses Virginia contractors, and DPOR's License Lookup lets you check a contractor's license.
Foreclosure process: nonjudicial. Virginia mortgages are typically deeds of trust; on default, Va. Code 55.1-320 lets the trustee declare the debt due and sell the property at auction without going to court.
Recording taxes and fees: State recordation tax on deeds and on deeds of trust/mortgages, city or county recordation tax, and the grantor tax on deeds - all collected by the circuit court clerk as a prerequisite to recording.

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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.

Investor loans in Virginia

Larger Virginia cities

https://www.scc.virginia.gov/bfi/reg_inst/mlo.aspx
https://www.virginiahousing.com/homebuyers/home-loans
https://law.lis.virginia.gov/vacode/55.1-321/
https://law.lis.virginia.gov/vacodefull/title58.1/chapter8/
https://www.dhcd.virginia.gov/landlord-tenant-resources
https://law.lis.virginia.gov/vacode/title55.1/chapter12/section55.1-1226/
https://www.tax.virginia.gov/retail-sales-tax-accommodations
https://www.scc.virginia.gov/pages/Business-Entities
https://law.lis.virginia.gov/vacode/title58.1/chapter8/section58.1-802/
https://www.dpor.virginia.gov/Boards/Contractors
2024 HMDA data (occupancy type)