DSCR Loans in Danville city, Virginia
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 48 lenders made 220 investment-property loans in Danville city, 1.7% of Virginia's total. Dominick Prevete arranges DSCR loans across Danville 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 $200,000.
Danville city investor market at a glance
| Statistic | Danville city | Virginia | County rank |
|---|---|---|---|
| Investor loans | 220 | 12,943 | 16th of 27 |
| Reporting lenders | 48 | 503 | 27th of 27 |
| Loan volume | $25.5M | $3.74B | 27th of 27 |
| Average loan | $116K | $289K | 27th of 27 |
| Median loan | $105K | $225K | 27th of 27 |
| Purchases | 46.8% | 62.0% | 26th of 27 |
| Cash-out refinances | 25.9% | 17.7% | 3rd of 27 |
| 2–4 unit properties | 6.8% | 7.7% | 11th of 27 |
| Top five lenders' share | 48.6% | 18.5% | 1st of 27 |
| Reported business-purpose | 71.8% | 68.5% | 9th of 27 |
Danville city: closed-end loans on 1–4 unit investment properties. Danville city's rank is highest first, among Virginia's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Danville city's investor loans.
What stands out in Danville city
The average investor loan in Danville city was $116K, the lowest average of Virginia's 27 counties with published data (statewide: $289K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
The five most active lenders wrote 48.6% of Danville city's investor loans, the highest share of Virginia's 27 counties with published data (statewide: 18.5%).
Five lenders write 48.6% of the loans here, so comparing written term sheets matters more.
46.8% of Danville city's investor loans were purchases, the 2nd-lowest share of Virginia's 27 counties with published data (statewide: 62.0%).
Most investor loans here refinance property investors already own. A DSCR refinance qualifies on the property's current rent.
Does a DSCR loan pencil in Danville city?
At HUD's fair market rent of $1,289 for a 3-bedroom in Danville city, Virginia, a rental covers its full DSCR payment up to a purchase price of about $200,000, with 20% down at the 7.25% starting rate (November 2026). Danville city's median home value is $119,100; at that price the payment is $764 a month, so the property would need $775 in rent to cover it.
At that price, the rent covers the full payment, which is the test a standard DSCR loan qualifies on.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $943 / $1,289 / $1,426 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $119,100 |
| Median property taxes and effective rate | $774 (0.65% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $764 |
| Rent needed to cover that payment | $775 |
| Coverage of a 3-bedroom at fair market rent | 1.69 |
| Highest price a 3-bedroom at fair market rent covers | about $200,000 |
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 Danville city's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Danville city?
The most active investment-property lenders in Danville city in 2025 HMDA data were First National Bank; UNITED SHORE FINANCIAL SERVICES, LLC; and Strategic Funding, LP, out of 48 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 Danville city, and matches each file to the one most likely to fund it.
Danville city's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 220 loans and $25.5M from 48 lenders. First National Bank led Danville city with 34 loans, 15.5% of the county's total, and the average Danville city loan of $116K compares with $289K across Virginia.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| First National Bank | 34 | $3.4M | $99K | 76.5% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 26 | $2.2M | $85K | 73.1% |
| Strategic Funding, LP | 24 | $3.0M | $125K | 0.0% |
| Kiavi Funding, Inc. | 13 | $2.0M | $153K | 46.2% |
| Loan Funder LLC | 10 | $1.1M | $115K | 60.0% |
| BPL MORTGAGE TRUST, LLC | 9 | $0.6M | $72K | 0.0% |
| Rocket Mortgage, LLC | 8 | $0.6M | $79K | 62.5% |
| HOMEXPRESS MORTGAGE CORP. | 7 | $1.0M | $142K | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 6 | $1.4M | $230K | 16.7% |
| Alcova Mortgage LLC | 6 | $0.6M | $100K | 83.3% |
| Atlantic Union Bank | 5 | $0.8M | $161K | 80.0% |
| DEEPHAVEN MORTGAGE LLC | 5 | $0.6M | $113K | 20.0% |
| FAY SERVICING, LLC | 5 | $0.3M | $63K | 20.0% |
| STATE EMPLOYEES' | 4 | $0.4M | $103K | 50.0% |
| First-Citizens Bank & Trust Company | 4 | $0.3M | $73K | 75.0% |
| CV3 FINANCIAL SERVICES, LLC | 3 | $0.6M | $188K | 66.7% |
| Hometown Equity Mortgage, LLC | 3 | $0.6M | $188K | 33.3% |
| AMWEST FUNDING CORP. | 3 | $0.3M | $115K | 0.0% |
| Beeline Loans, Inc. | 3 | $0.3M | $112K | 0.0% |
| MOVEMENT MORTGAGE, LLC | 3 | $0.3M | $102K | 100.0% |
| Beacon Credit Union, Incorporated | 3 | $0.2M | $75K | 33.3% |
| Logan Finance Corporation | 2 | $0.7M | $330K | 100.0% |
| OCMBC, INC. | 2 | $0.4M | $190K | 0.0% |
| LIMA ONE CAPITAL, LLC | 2 | $0.3M | $175K | 0.0% |
| THE LOAN STORE, INC. | 2 | $0.3M | $160K | 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 Danville city: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Danville city CSV, all 25 lenders
What Danville city's table can't show you: fit. Short-term financing is exempt from HMDA, so Danville city's fix-and-flip and bridge lenders barely appear among its 48 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 Danville city, Virginia deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Danville 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 — Danville city's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 48 lenders and 220 loans: 2025 HMDA loan-level data rolled up to Danville city.
- Danville city investor-lender dataset (CSV) — All 25 lenders in the Danville city, Virginia table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Danville 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 Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Danville 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.