West Virginia DSCR Long-Term Rental Lenders
Are you seeking long-term private financing for a residential rental property in West Virginia? On this page you'll find a list of lenders that offer these “DSCR” loans for single family homes, condos, and 2-4 unit rental properties in West Virginia’s urban areas. Some lenders consider vacation rentals (aka short-term rental or STR). The maximum loan-to-value is 80%. For a purchase, investors need a minimum down payment of 20%, and it could be higher depending on the debt service coverage ratio (DSCR), borrower’s credit score and location. The minimum credit score is 680 for most lenders. The loans terms range from 5 to 30 years.Searching...
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LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
West Virginia DSCR Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for West Virginia DSCR long-term rental loans in the 1st quarter of 2024 was 8.09%. The average loan amount was $143,037. These stats are the average of 8 loans funded for residential rental properties in West Virginia between January 1, 2024 and March 31, 2024 by multiple lenders that use Lightning Docs as their preferred software provider to prepare loan documents.