Virginia Rehab Lenders for Residential Rental Property

Are you looking to rehab and hold residential rental properties in Virginia? On this page you'll find a list of lenders that provide financing to help investors execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy in Virginia's urban areas. You typically need some cash for the purchase (15% to 20%), some cash reserves in case the rehab goes over budget, and a FICO score over 680 to qualify for the long-term refinance. The maximum loan-to-ARV (after-repair value) for most lenders in Virginia is 75%, but it could be lower depending on the rental income, location, credit score and other factors.