DSCR Loans in West Virginia
Start or scale your real estate investment portfolio in West Virginia with a DSCR loan. DSCR loans in West Virginia enable investors to qualify for a mortgage using rental income rather than personal income. No tax returns or employment verification required.
- Obtain financing based on cash flow
- No-income mortgage solution
- Buy or refinance short- and long-term rentals
- Unlimited cash-out
- Competitive DSCR loan rates in West Virginia
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Real Estate Investment Financing in West Virginia
Debt service coverage ratio (DSCR) loans allow real estate investors to qualify for a mortgage based on a property’s cash flow rather than personal income. Instead of reviewing tax returns or pay stubs, we prioritize a property’s DSCR — which measures its income versus its debt obligations — to make a lending decision. This offers a flexible mortgage solution for real estate investors looking to build or expand their portfolio.
DSCR loans can be used to purchase or refinance long-term and short-term rental properties, with financing available for many different property types and no limit on the number of properties financed. Access up to $20 million in financing while enjoying a streamlined underwriting process with no income or employment verification.
Visit our DSCR loan page to learn more about this type of financing and see today’s rates. Contact Griffin Funding or get started online to take the first step towards securing a DSCR loan in West Virginia.
Frequently Asked Questions
The minimum down payment required for a DSCR loan is 20%. This ensures you start the loan with equity while providing lenders with an added layer of security.
The minimum loan amount required for a Griffin Funding DSCR loan is $100,000.
No, DSCR loans are not the same as hard money loans. A DSCR loan focuses on a property’s rental income potential as a basis for lending, while a hard money loan is a short-term loan secured by the property. Hard money loans are typically used for quick real estate transactions.
West Virginia DSCR commercial loan requirements vary by lender, but the most significant metric used is the DSCR. Most lenders like to see a DSCR above 1, indicating the rental income surpasses its debt obligations. However, you may qualify with a DSCR as low as .75, or even less than .75 on an exception, at Griffin Funding.
Both seasoned and new investors can qualify for these loans, provided the property’s rental revenue meets the lender’s requirements.
It’s also important to note that these loans are for investors only. They can be used for residential 1-4 unit investment properties, including DSCR loans for short-term rentals like Airbnb. However, they’re not designed for owner-occupied residences.