Virginia DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%
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
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- 680+ FICO
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- Refi from 6.25%
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- 21–30 day close
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, 680+ FICO, and 20–25% down. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Refi rates start at 6.25%.
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated July 1, 2026.
Virginia Rental Market Snapshot
State-level data DSCR underwriters use to size Virginia rental deals.
Virginia is a yield-stratified DSCR market. Hampton Roads (Norfolk, Virginia Beach, Chesapeake, Newport News) produces 6–8% gross yields with massive Navy/Coast Guard rental demand. Richmond MSA anchors growing tech/state-government LTR at 5.5–7%. Northern Virginia is DC-commuter jumbo territory with 3.5–5% 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 requirements (1.2 DSCR, 680+ FICO, 20–25% down) apply statewide.
| Metro | Median Price | Gross Yield | DSCR Investor Notes |
|---|---|---|---|
| Virginia Beach | $395K | 5.5–7.0% | Coastal LTR + Navy military demand, growing STR submarkets |
| Norfolk | $295K | 6.5–8.0% | Deep Navy rental demand, higher cap rates, BRRRR-friendly stock |
| Chesapeake | $385K | 5.5–7.0% | Hampton Roads suburb, family LTR demand, growing in-migration |
| Richmond | $365K | 5.5–7.0% | State capital + tech employment, growing LTR demand |
Virginia Eviction Timeline & Landlord Posture
How Virginia courts handle non-payment evictions, material to DSCR loss-severity assumptions.
Virginia Code § 55.1-1245 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
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 FICO, LTV, DSCR, property type, and program. Baseline national DSCR refi rates start at 6.25% as of July 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 is independent, not a lender. Lenders listed are programs we have funded Virginia deals through; specific terms vary by file.
Virginia DSCR Loan Requirements
| Requirement | Minimum | Notes |
|---|---|---|
| DSCR | 1.20 | 1.00+ allowed with 740 FICO or 30% down |
| Credit Score | 680 FICO | 640–679 by exception, lower LTV |
| Down Payment | 20–25% | 25% if <1.2 DSCR or <700 FICO |
| Property Type | 1–4 units or multifamily | Condos, townhomes, STRs OK where legal |
| Income Docs | None | No tax returns, W-2s, DTI check |
| Reserves | 6 months PITIA | Checking, savings, stocks qualify |
| Close Time | 21–30 days | Cash-out refi: 14–21 days |
Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.
Get Virginia DSCR Loan Terms
DSCR Rental: Response within 24–48 hours. No obligation.
Related DSCR Resources
- DSCR Loans Hub: Programs & Rates
- DSCR Rental Loans: Full Program Guide
- DSCR for Airbnb / Short-Term Rentals
- DSCR Cash-Out Refinance
- DSCR Jumbo Loans ($1M+)
- DSCR for LLCs / Entity Title
- Best DSCR Lenders 2026
- DSCR Loans: Complete Guide
- DSCR Calculator: Test Your Property
- Fix & Flip Loans: Bridge to DSCR Exit
- Bridge Loans: Short-Term Rental Acquisition
- DSCR vs Conventional Mortgage