West Virginia DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%
Rental property financing for West Virginia investors qualified on property cash flow — not personal income, W-2s, or tax returns. Serving Charleston, Huntington, Morgantown and the rest of West 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 West Virginia?
Yes. DSCR loans in West 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 May 2026.
West Virginia Rental Market Snapshot
State-level data DSCR underwriters use to size West Virginia rental deals.
West Virginia is one of the highest cap-rate DSCR markets in the country. Median home prices below $160K and rents that scale near 1% of value produce 1.4+ DSCR coverage with relative ease. Charleston anchors state-government and healthcare LTR demand. Huntington's Marshall University and Morgantown's WVU produce student-housing dynamics with seasonal vacancy patterns.
Major West Virginia Markets We Fund
Active DSCR deal flow across West 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 |
|---|---|---|---|
| Charleston | $165K | 9.0–11.0% | State capital — government/healthcare employment, BRRRR-friendly stock |
| Huntington | $135K | 10.0–12.0% | Marshall University + medical employment, lowest entry price |
| Morgantown | $245K | 7.0–8.5% | WVU student housing, university-driven LTR demand |
West Virginia Eviction Timeline & Landlord Posture
How West Virginia courts handle non-payment evictions — material to DSCR loss-severity assumptions.
West Virginia Code § 55-3A allows a 5-day notice for non-payment. Magistrate court eviction proceedings typically resolve within 14 days of filing.
West Virginia Rate Adjustment vs National Baseline
Sub-jumbo loan sizes track non-QM curves; landlord-friendly statutes keep loss severity low.
Final pricing depends on FICO, LTV, DSCR, property type, and program. Baseline national DSCR refi rates start at 6.25% as of May 2026.
DSCR Lenders Active in West Virginia
The non-bank DSCR programs we see most frequently funding West Virginia rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.
- Kiavi
- Visio Lending
- Lima One
- RCN Capital
- Easy Street Capital
PeerSense is independent — not a lender. Lenders listed are programs we have funded West Virginia deals through; specific terms vary by file.
West 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 West Virginia DSCR Loan Terms
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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