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✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates

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

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
  • Credit is lender underwriting
  • Best-tier from 5.80%
  • 21–30 day close

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

See If You QualifyCalculate Your DSCR

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. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W-2s, or DTI calculation required. 1–4 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 August 1, 2026.

Indicative only, as of August 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 does not lend and does not set pricing. What these terms mean.

West Virginia Rental Market Snapshot

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

Median Home Price
$155K
Statewide single-family
Gross Rental Yield
8.5–12.0%
Annual rent / price
Eviction Timeline
30–45 days
landlord-friendly
Rate Adjustment
neutral
vs national baseline

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 Serve

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

MetroMedian PriceGross YieldDSCR Investor Notes
Charleston$165K9.0–11.0%State capital, government/healthcare employment, BRRRR-friendly stock
Huntington$135K10.0–12.0%Marshall University + medical employment, lowest entry price
Morgantown$245K7.0–8.5%WVU student housing, university-driven LTR demand
West Virginia investor note:West Virginia has no statewide rent control. Lowest median home prices among all US states, one of the highest gross-yield DSCR markets in the country.

West Virginia Eviction Timeline & Landlord Posture

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

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

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

neutralover national baseline pricing

Sub-jumbo loan sizes track non-QM curves; landlord-friendly statutes keep loss severity low.

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 August 1, 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

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 Type1–4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W-2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21–30 daysCash-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.

Indicative only, as of August 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 does not lend and does not set pricing. What these terms mean.

Get West Virginia DSCR Loan Terms

DSCR Rental: Response within 24–48 hours. No obligation.

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