DSCR Loans in Norfolk city, Virginia
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 111 lenders made 488 investment-property loans in Norfolk city, 3.8% of Virginia's total. Dominick Prevete arranges DSCR loans across Norfolk 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 $340,000.
Norfolk city investor market at a glance
| Statistic | Norfolk city | Virginia | County rank |
|---|---|---|---|
| Investor loans | 488 | 12,943 | 6th of 27 |
| Reporting lenders | 111 | 503 | 8th of 27 |
| Loan volume | $118.7M | $3.74B | 9th of 27 |
| Average loan | $243K | $289K | 16th of 27 |
| Median loan | $215K | $225K | 18th of 27 |
| Purchases | 60.5% | 62.0% | 19th of 27 |
| Cash-out refinances | 19.3% | 17.7% | 12th of 27 |
| 2–4 unit properties | 20.5% | 7.7% | 3rd of 27 |
| Top five lenders' share | 39.3% | 18.5% | 4th of 27 |
| Reported business-purpose | 78.3% | 68.5% | 4th of 27 |
Norfolk city: closed-end loans on 1–4 unit investment properties. Norfolk city's rank is highest first, among Virginia's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Norfolk city's investor loans.
What stands out in Norfolk city
20.5% of Norfolk city's investor loans financed a 2–4 unit property, the 3rd-highest share of Virginia's 27 counties with published data (statewide: 7.7%).
2–4 unit properties are a larger share here than in most of Virginia. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
By share of investor loans reported as business-purpose, Norfolk city ranks 4th-highest of Virginia's 27 counties with published data (statewide: 68.5%).
78.3% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
The five most active lenders wrote 39.3% of Norfolk city's investor loans, the 4th-highest share of Virginia's 27 counties with published data (statewide: 18.5%).
Five lenders write 39.3% of the loans here, so comparing written term sheets matters more.
Does a DSCR loan pencil in Norfolk city?
At HUD's fair market rent of $2,298 for a 3-bedroom in Norfolk city, Virginia, a rental covers its full DSCR payment up to a purchase price of about $340,000, with 20% down at the 7.25% starting rate (November 2026). Norfolk city's median home value is $289,900; at that price the payment is $1,944 a month, so the property would need $1,950 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) | $1,667 / $2,298 / $2,710 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $289,900 |
| Median property taxes and effective rate | $2,890 (1.00% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,944 |
| Rent needed to cover that payment | $1,950 |
| Coverage of a 3-bedroom at fair market rent | 1.18 |
| Highest price a 3-bedroom at fair market rent covers | about $340,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $495,000 |
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 Norfolk city's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Norfolk city?
The most active investment-property lenders in Norfolk city in 2025 HMDA data were Kiavi Funding, Inc.; Towne Bank; and UNITED SHORE FINANCIAL SERVICES, LLC, out of 111 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 several that reported in Norfolk city, and matches each file to the one most likely to fund it.
Norfolk city's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 488 loans and $118.7M from 111 lenders. Kiavi Funding, Inc. led Norfolk city with 103 loans, 21.1% of the county's total, and the average Norfolk city loan of $243K compares with $289K across Virginia.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 103 | $25.2M | $244K | 84.5% |
| Towne Bank | 29 | $6.3M | $218K | 96.6% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 25 | $6.8M | $271K | 44.0% |
| Rocket Mortgage, LLC | 21 | $4.1M | $196K | 23.8% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 14 | $3.2M | $226K | 64.3% |
| Loan Funder LLC | 14 | $2.8M | $200K | 71.4% |
| DOMINION FINANCIAL SERVICES, LLC | 12 | $3.2M | $268K | 66.7% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 11 | $2.4M | $221K | 63.6% |
| Hometown Equity Mortgage, LLC | 9 | $2.4M | $269K | 11.1% |
| AMERICAN FINANCIAL NETWORK, INC. | 9 | $2.2M | $245K | 88.9% |
| SOUTHERN TRUST MORTGAGE, LLC | 8 | $1.8M | $223K | 62.5% |
| CV3 FINANCIAL SERVICES, LLC | 8 | $1.6M | $205K | 87.5% |
| NEWPORT NEWS SHIPBUILDING EMPLOYEES CREDIT UNION, INC. DBA BAYPORT CREDIT UNION | 7 | $2.5M | $358K | 42.9% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 7 | $1.9M | $278K | 71.4% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 7 | $1.0M | $145K | 0.0% |
| OCMBC, INC. | 6 | $1.7M | $287K | 66.7% |
| NEWREZ LLC | 6 | $1.3M | $220K | 50.0% |
| Easy Street Capital, LLC | 6 | $1.0M | $163K | 0.0% |
| TIDEWATER MORTGAGE SERVICES, INC. | 5 | $2.4M | $479K | 80.0% |
| LIMA ONE CAPITAL, LLC | 5 | $1.2M | $237K | 40.0% |
| Atlantic Union Bank | 5 | $1.2M | $233K | 80.0% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 5 | $0.9M | $179K | 40.0% |
| THE LOAN STORE, INC. | 4 | $1.3M | $315K | 25.0% |
| CHAMPIONS FUNDING, LLC | 4 | $1.0M | $253K | 50.0% |
| Atlantic Coast Mortgage, LLC | 4 | $0.8M | $195K | 75.0% |
316 Virginia loans (2.4%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Norfolk city: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Norfolk city CSV, all 25 lenders
What Norfolk city's table can't show you: fit. Short-term financing is exempt from HMDA, so Norfolk city's fix-and-flip and bridge lenders barely appear among its 111 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 several 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 Norfolk city, Virginia deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Norfolk 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 — Norfolk city's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 111 lenders and 488 loans: 2025 HMDA loan-level data rolled up to Norfolk city.
- Norfolk city investor-lender dataset (CSV) — All 25 lenders in the Norfolk city, Virginia table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Norfolk 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 Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Norfolk 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.