Virginia DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Virginia real estate investors. Whether you are acquiring property to expand your portfolio or cashing out your capital in a refinance, we have a loan for you. Our DSCR Lending Program has solutions for anyone – from first-time investors to industry veterans looking to rapidly scale their portfolios. We are confident we can find you a great Virginia DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
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What is a DSCR Loan?
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio. DSCR Loans require none of these! Perfect for real estate investors ready to scale (no more W2!) or are looking leave behind the hassle, paperwork and headaches of conventional financing, DSCR Loans are quickly becoming the go-to loan option for real estate investors.
For a comprehensive definition, “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.”
DSCR Loan Definition Breakdown
- Mortgage Loans = form of loan that is secured by collateral, collateral = real estate
- Residential Real Estate = properties used for people to live in vs. commercial, which is used to operate businesses (offices, retail, industrial, hotel, self-storage, etc.). In real estate finance, residential also typically refers to “1-4 unit” properties, anything more would be considered “multifamily”
- Business Purpose = DSCR loans strictly do not allow the owner of the property to live in the property, it must be used for “business” or investment purposes. Includes use of “cash-out proceeds”
- Underwritten = How lender evaluates (and then prices) the risk of the loan
- Primarily Based on Property = Mostly based on property, but also look at sponsor
- Turnkey = property doesn’t require any renovation, “turn the key and go”
Looking to get a deeper understanding of all things DSCR? Check out our DSCR Loans Guide below!
Virginia Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Commonwealth of Virginia are turning to DSCR Loans as a strategic tool to expand and manage their investment property portfolios. DSCR loans allow investors to secure financing based on the property's ability to generate income (rather than an investor's individual credit profile). In a market like Virginia, where real estate prices have shown steady growth and rental demand remains steady, DSCR loans offer investors a flexible and effective means to acquire new properties, improve existing ones, or refinance their assets. Easy Street Capital is proud to be a leading provider of DSCR loans for Virginia real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in the Virginia below:
Single-Family Residence
Front Royal, VA
$351,000 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Front Royal. This short-term rental property overlooks the river and has great access to Shenandoah National Park, the Blue Ridge Mountains, and Skyline Caverns.
Single-Family Residence
Roanoke, VA
$220,500 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Roanoke. Recent renovations of this single-family residence include a remodeled kitchen, remodeled bathrooms, and additional walls were hoisted to create an extra bedroom.
Single-Family Residence
Portsmouth, VA
$227,500 Virginia DSCR Rental Loan for a Rate-Term Refinance of a rental property in Portsmouth. Currently occupied on a long-term lease, this recently renovated property features updated kitchen and bathrooms with new floor coverings, plumbing, and light fixtures.
Single-Family Residence
Virginia Beach, VA
$1,042,500 Virginia DSCR Rental Loan for a Rate-Term Refinance of a rental property in Virginia Beach. This property is located in the third row of houses facing the beach, making it an ideal and sought-after location for visitors to enjoy the beautiful Sandbridge Beach located mere feet away.
Single-Family Residence
Moneta, VA
$1,462,500 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Moneta. Within five miles lie wineries, marinas, a horse back riding farm, and state park hiking trails, this property allows convenient access to the abundant attractions offered around Virginia’s most popular lake.
Single-Family Residence
Chesapeake, VA
$140,000 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Chesapeake. After undergoing significant renovations, this property will operate as a long-term rental.
Single-Family Residence
Richmond, VA
$236,775 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Richmond. This colonial-style home features a private rear deck and yard, as well as a garage and scuttle attic. Located in the capital of Virginia, the residence enjoys a culture of rich history, stunning architecture, and a thriving arts scene.
Duplex
Norfolk, VA
$172,550 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Norfolk. The duplex has two units each featuring two bedrooms and one bathroom. Located approximately 3.5 miles from downtown Norfolk, this property has easy access to major employment, public transportation, entertainment, and restaurants.
Quadruplex
Suffolk, VA
$210,000 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Suffolk. Three out of the four units feature one bedroom and one bathroom, while one unit features two bedrooms and one bathroom. This property is less than two miles away from the Suffolk Golf Course and entrances to the Westhaven Lakes.
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