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✦Prime Rate:7.00%✦Fed Funds:3.75%✦5 Yr Treasury:5.00%↓✦10 Yr Treasury:5.21%↓✦30 Yr Treasury:5.56%↓✦30 Yr Mortgage:7.40%·Updated Oct 13, 2026✦Prime Rate:7.00%✦Fed Funds:3.75%✦5 Yr Treasury:5.00%↓✦10 Yr Treasury:5.21%↓✦30 Yr Treasury:5.56%↓✦30 Yr Mortgage:7.40%·Updated Oct 13, 2026
Rates

Virginia DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 5.80%

Rental property financing for Virginia investors qualified on property cash flow, not personal income, W 2s, or tax returns. Serving Virginia Beach, Norfolk, Chesapeake, Richmond and the rest of Virginia. If the property cash flows at 1.2× the mortgage, you may qualify.

  • 1.2 DSCR minimum
  • Credit is lender underwriting
  • Best tier from 5.80%
  • 21 to 30 day close

Indicative as of October 1, 2026. Not a quote. Lenders set final pricing at underwriting.

Talk to PeerSenseCalculate Your DSCR

Can I get a DSCR rental loan in Virginia?

Yes. DSCR loans in Virginia qualify investors based on property cash flow with a 1.2 DSCR minimum. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W 2s, or DTI calculation required. 1 to 4 unit residential and 5+ unit multifamily eligible. Governed best tier floor 5.80% from rate-floors.json.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated October 1, 2026.

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Virginia Rental Market Snapshot

State level data DSCR underwriters use to size Virginia rental deals.

Median Home Price
$395K
Statewide single family
Gross Rental Yield
5.0 to 8.0%
Annual rent / price
Eviction Timeline
30 to 45 days
landlord-friendly
Rate Adjustment
neutral
vs national baseline

Virginia is a yield stratified DSCR market. Hampton Roads (Norfolk, Virginia Beach, Chesapeake, Newport News) produces 6 to 8% gross yields with massive Navy/Coast Guard rental demand. Richmond MSA anchors growing tech/state-government LTR at 5.5 to 7%. Northern Virginia is DC commuter jumbo territory with 3.5 to 5% yields. Roanoke and Lynchburg offer the highest cap rates in the state.

Major Virginia Markets We Serve

Active DSCR deal flow across Virginia's core rental markets. Same DSCR math statewide. Credit and equity injection are lender underwriting.

MetroMedian PriceGross YieldDSCR Investor Notes
Virginia Beach$395K5.5 to 7.0%Coastal LTR + Navy military demand, growing STR submarkets
Norfolk$295K6.5 to 8.0%Deep Navy rental demand, higher cap rates, BRRRR friendly stock
Chesapeake$385K5.5 to 7.0%Hampton Roads suburb, family LTR demand, growing in migration
Richmond$365K5.5 to 7.0%State capital + tech employment, growing LTR demand
Virginia investor note:Virginia has no statewide rent control. Northern Virginia (Arlington, Alexandria, Loudoun) is DC commuter premium; Hampton Roads has deep military rental demand; Richmond anchors growing tech/state-government LTR.

Virginia Eviction Timeline & Landlord Posture

How Virginia courts handle non payment evictions, material to DSCR loss severity assumptions.

Posture
landlord-friendly
Typical Timeline
30 to 45 days
Rent Control
None / preempted

Virginia Code § 55.1 to 1245 allows a 5 day notice for non payment. General District Court unlawful detainer hearings are typically scheduled within 21 days of filing.

Virginia Rate Adjustment vs National Baseline

neutralover national baseline pricing

Sub jumbo loan sizes in most markets and rapid eviction process keep loss severity below national average. NoVA jumbo prices track DC metro curves.

Final pricing depends on DSCR, LTV, property type, and program. Credit is lender underwriting. Governed best tier floor 5.80% from rate-floors.json as of October 1, 2026.

DSCR Lenders Active in Virginia

The non bank DSCR programs we see most frequently funding Virginia rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.

  • Kiavi
  • Visio Lending
  • Lima One
  • CoreVest
  • RCN Capital

PeerSense sources capital through a curated network of commercial lenders and capital sources. Lenders listed are programs we have funded Virginia deals through; specific terms vary by file.

Virginia DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ exists on specialty programs. Credit and equity are lender underwriting.
CreditLender underwritingPeerSense does not set a FICO floor. Capture the score on the form.
EquityLender underwritingPurchase DSCR is commonly structured around 65 to 75% LTV. PeerSense does not set a typical down.
Property Type1 to 4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W 2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21 to 30 daysCash out refi: 14 to 21 days

Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Get Virginia DSCR Loan Terms

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