DSCR Loans in Charlottesville city, Virginia
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 56 lenders made 107 investment-property loans in Charlottesville city, 0.8% of Virginia's total. Dominick Prevete arranges DSCR loans across Charlottesville city, Virginia, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.25% (November 2026), and most close in 14 days. At HUD's fair market rent, a three-bedroom rental there covers its full payment up to a price of about $305,000.
Charlottesville city investor market at a glance
| Statistic | Charlottesville city | Virginia | County rank |
|---|---|---|---|
| Investor loans | 107 | 12,943 | 27th of 27 |
| Reporting lenders | 56 | 503 | 25th of 27 |
| Loan volume | $63.6M | $3.74B | 14th of 27 |
| Average loan | $594K | $289K | 2nd of 27 |
| Median loan | $335K | $225K | 5th of 27 |
| Purchases | 60.7% | 62.0% | 17th of 27 |
| Cash-out refinances | 17.8% | 17.7% | 13th of 27 |
| 2–4 unit properties | 28.0% | 7.7% | 1st of 27 |
| Top five lenders' share | 29.9% | 18.5% | 16th of 27 |
| Reported business-purpose | 62.6% | 68.5% | 22nd of 27 |
Charlottesville city: closed-end loans on 1–4 unit investment properties. Charlottesville city's rank is highest first, among Virginia's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Charlottesville city's investor loans.
What stands out in Charlottesville city
28.0% of Charlottesville city's investor loans financed a 2–4 unit property, the highest share of Virginia's 27 counties with published data (statewide: 7.7%).
2–4 unit properties are common here. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
The average investor loan in Charlottesville city was $594K, the 2nd-highest average of Virginia's 27 counties with published data (statewide: $289K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
62.6% of Charlottesville city's investor loans were reported as business-purpose, the 6th-lowest share of Virginia's 27 counties with published data (statewide: 68.5%).
Fewer investor loans here were reported as business-purpose than in most of Virginia. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
Does a DSCR loan pencil in Charlottesville city?
At HUD's fair market rent of $1,997 for a 3-bedroom in Charlottesville city, Virginia, a rental covers its full DSCR payment up to a purchase price of about $305,000, with 20% down at the 7.25% starting rate (November 2026). Charlottesville city's median home value is $486,700; at that price the payment is $3,185 a month, so the property would need $3,200 in rent to cover it.
Coverage under 1.00 doesn't end the deal: the DSCR programs Dominick arranges go down to no-ratio, priced for the lower coverage, and a lower price or a larger down payment raises the ratio.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $1,642 / $1,997 / $2,458 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $486,700 |
| Median property taxes and effective rate | $3,915 (0.80% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $3,185 |
| Rent needed to cover that payment | $3,200 |
| Coverage of a 3-bedroom at fair market rent | 0.63 |
| Highest price a 3-bedroom at fair market rent covers | about $305,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $500,000 |
Fair market rent is HUD's 40th-percentile gross rent, including utilities; a property's appraised market rent can be higher or lower. Payment uses 20% down, a 30-year amortization at the published DSCR starting rate, the county's median effective property-tax rate and insurance at 0.50% of value. Purchase leverage goes up to 85% on qualifying files. This is an illustration, not a term sheet or an offer of credit.
Price your actual deal →Run Charlottesville city's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Charlottesville city?
The most active investment-property lenders in Charlottesville city in 2025 HMDA data were Virginia Credit Union, Inc.; Kiavi Funding, Inc.; and First Heritage Mortgage, LLC, out of 56 lenders that reported. HMDA doesn't flag which loans were DSCR loans, so this list mixes DSCR and conventional investment-property lenders. Dominick Prevete places DSCR loans across 100+ lenders, including one that reported in Charlottesville city, and matches each file to the one most likely to fund it.
Charlottesville city's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 107 loans and $63.6M from 56 lenders. Virginia Credit Union, Inc. led Charlottesville city with 10 loans, 9.3% of the county's total, and the average Charlottesville city loan of $594K compares with $289K across Virginia.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Virginia Credit Union, Inc. | 10 | $28.6M | $2855K | 20.0% |
| Kiavi Funding, Inc. | 6 | $2.1M | $357K | 100.0% |
| First Heritage Mortgage, LLC | 6 | $2.0M | $328K | 66.7% |
| Rocket Mortgage, LLC | 6 | $1.6M | $258K | 66.7% |
| FlexPoint, Inc. | 4 | $2.2M | $543K | 25.0% |
| Ixonia Bank | 4 | $1.6M | $410K | 25.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 4 | $0.9M | $220K | 25.0% |
| Atlantic Coast Mortgage, LLC | 3 | $1.0M | $318K | 66.7% |
| FIRST COMMUNITY MORTGAGE, INC. | 3 | $0.9M | $288K | 66.7% |
| Tomo Mortgage, LLC | 3 | $0.7M | $235K | 100.0% |
| MOVEMENT MORTGAGE, LLC | 3 | $0.7M | $228K | 66.7% |
| First Western Federal Savings Bank | 3 | $0.6M | $208K | 100.0% |
| NATIONAL BANKSHARES, INC. | 2 | $2.2M | $1095K | 100.0% |
| Virginia National Bank | 2 | $1.8M | $915K | 100.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 2 | $1.0M | $505K | 50.0% |
| FIRST BANCORP, INC. | 2 | $0.7M | $360K | 100.0% |
| GRAY FOX MORTGAGE, LLC | 2 | $0.7M | $340K | 100.0% |
| Towne Mortgage, LLC | 2 | $0.6M | $285K | 100.0% |
| DEEPHAVEN MORTGAGE LLC | 2 | $0.4M | $190K | 100.0% |
| Truist Bank | 2 | $0.3M | $145K | 100.0% |
| Wells Fargo Bank, National Association | 1 | $1.0M | $1005K | 100.0% |
| AMERICAN HERITAGE LENDING, LLC | 1 | $0.6M | $635K | 0.0% |
| Shore United Bank, N.A. | 1 | $0.6M | $605K | 0.0% |
| Thomasville National Bank | 1 | $0.6M | $605K | 100.0% |
| NEWREZ LLC | 1 | $0.6M | $555K | 100.0% |
316 Virginia loans (2.4%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Charlottesville city: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Charlottesville city CSV, all 25 lenders
What Charlottesville city's table can't show you: fit. Short-term financing is exempt from HMDA, so Charlottesville city's fix-and-flip and bridge lenders barely appear among its 56 filers, and none of the 25 names above tells you whose guidelines match your deal, your entity, or your timeline. That's the job. Dominick Prevete structures your file and places it across 100+ lenders — including some on this list — so it lands with the one most likely to fund it.
Price your loan →National Loan Provider is an independent broker and maintains wholesale relationships with some listed lenders. Appearing in this table is not an endorsement or a recommendation.
Run the coverage test on your Charlottesville city, Virginia deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Charlottesville city, Virginia property's rent, loan, taxes and insurance to see where it lands.
Principal and interest on a thirty-year amortization, plus taxes, insurance and HOA.
Enter the rent, loan amount, rate, taxes and insurance to see the coverage ratio.
Sources
- CFPB / FFIEC HMDA Data Browser — Charlottesville city's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 56 lenders and 107 loans: 2025 HMDA loan-level data rolled up to Charlottesville city.
- Charlottesville city investor-lender dataset (CSV) — All 25 lenders in the Charlottesville city, Virginia table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Charlottesville city's 2-, 3- and 4-bedroom fair market rents in the rent math, and the 3-bedroom rent its highest-price figure uses: HUD's FY2027 figures for the Charlottesville, VA MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Charlottesville city's median home value (B25077) and median property taxes paid (B25103) in the rent math, from the Census 2020–2024 ACS 5-year summary files.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.25%, as of November 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.