DSCR Loans in Petersburg city, Virginia
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 71 lenders made 214 investment-property loans in Petersburg city, 1.7% of Virginia's total. Dominick Prevete arranges DSCR loans across Petersburg 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 $310,000.
Petersburg city investor market at a glance
| Statistic | Petersburg city | Virginia | County rank |
|---|---|---|---|
| Investor loans | 214 | 12,943 | 18th of 27 |
| Reporting lenders | 71 | 503 | 19th of 27 |
| Loan volume | $37.0M | $3.74B | 21st of 27 |
| Average loan | $173K | $289K | 25th of 27 |
| Median loan | $155K | $225K | 25th of 27 |
| Purchases | 44.4% | 62.0% | 27th of 27 |
| Cash-out refinances | 36.0% | 17.7% | 1st of 27 |
| 2–4 unit properties | 15.0% | 7.7% | 6th of 27 |
| Top five lenders' share | 28.0% | 18.5% | 18th of 27 |
| Reported business-purpose | 89.7% | 68.5% | 1st of 27 |
Petersburg city: closed-end loans on 1–4 unit investment properties. Petersburg city's rank is highest first, among Virginia's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Petersburg city's investor loans.
What stands out in Petersburg city
36.0% of Petersburg city's investor loans were cash-out refinances, the highest share of Virginia's 27 counties with published data (statewide: 17.7%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
By share of investor loans reported as business-purpose, Petersburg city ranks highest of Virginia's 27 counties with published data (statewide: 68.5%).
89.7% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
44.4% of Petersburg city's investor loans were purchases, the 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 Petersburg city?
At HUD's fair market rent of $2,039 for a 3-bedroom in Petersburg city, Virginia, a rental covers its full DSCR payment up to a purchase price of about $310,000, with 20% down at the 7.25% starting rate (November 2026). Petersburg city's median home value is $189,000; at that price the payment is $1,237 a month, so the property would need $1,250 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) | $1,651 / $2,039 / $2,499 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $189,000 |
| Median property taxes and effective rate | $1,523 (0.81% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,237 |
| Rent needed to cover that payment | $1,250 |
| Coverage of a 3-bedroom at fair market rent | 1.65 |
| Highest price a 3-bedroom at fair market rent covers | about $310,000 |
| 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 Petersburg city's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Petersburg city?
The most active investment-property lenders in Petersburg city in 2025 HMDA data were Loan Funder LLC; UNITED SHORE FINANCIAL SERVICES, LLC; and HOMEBRIDGE FINANCIAL SERVICES, INC., out of 71 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 Petersburg city, and matches each file to the one most likely to fund it.
Petersburg city's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 214 loans and $37.0M from 71 lenders. Loan Funder LLC led Petersburg city with 14 loans, 6.5% of the county's total, and the average Petersburg city loan of $173K compares with $289K across Virginia.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Loan Funder LLC | 14 | $3.4M | $246K | 50.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 13 | $2.3M | $176K | 53.8% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 12 | $1.6M | $136K | 100.0% |
| Kiavi Funding, Inc. | 11 | $1.7M | $158K | 81.8% |
| AMERICAN FINANCIAL NETWORK, INC. | 10 | $1.6M | $155K | 40.0% |
| LIMA ONE CAPITAL, LLC | 8 | $1.9M | $234K | 37.5% |
| CV3 FINANCIAL SERVICES, LLC | 8 | $1.4M | $169K | 62.5% |
| Strategic Funding, LP | 8 | $1.3M | $158K | 0.0% |
| BPL MORTGAGE TRUST, LLC | 8 | $1.1M | $144K | 25.0% |
| CHAMPIONS FUNDING, LLC | 7 | $1.4M | $204K | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 6 | $0.8M | $137K | 0.0% |
| OCMBC, INC. | 5 | $0.9M | $173K | 40.0% |
| LEI:9845001ADACA7A75EE02 | 5 | $0.8M | $165K | 0.0% |
| Hometown Equity Mortgage, LLC | 5 | $0.8M | $155K | 40.0% |
| HOMEXPRESS MORTGAGE CORP. | 4 | $0.9M | $235K | 25.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 4 | $0.6M | $143K | 100.0% |
| AMERICAN HERITAGE LENDING, LLC | 4 | $0.5M | $130K | 0.0% |
| DEEPHAVEN MORTGAGE LLC | 3 | $0.6M | $202K | 0.0% |
| FIRST BANK | 3 | $0.6M | $188K | 66.7% |
| Easy Street Capital, LLC | 3 | $0.6M | $185K | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 3 | $0.5M | $168K | 33.3% |
| DOMINION FINANCIAL SERVICES, LLC | 3 | $0.5M | $162K | 33.3% |
| Citizens Bank and Trust Company | 3 | $0.5M | $152K | 33.3% |
| AMERITRUST MORTGAGE CORPORATION | 3 | $0.4M | $145K | 0.0% |
| FAY SERVICING, LLC | 3 | $0.4M | $135K | 66.7% |
316 Virginia loans (2.4%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Petersburg city: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Petersburg city CSV, all 25 lenders
What Petersburg city's table can't show you: fit. Short-term financing is exempt from HMDA, so Petersburg city's fix-and-flip and bridge lenders barely appear among its 71 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 Petersburg city, Virginia deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Petersburg 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 — Petersburg city's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 71 lenders and 214 loans: 2025 HMDA loan-level data rolled up to Petersburg city.
- Petersburg city investor-lender dataset (CSV) — All 25 lenders in the Petersburg city, Virginia table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Petersburg 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 Richmond, VA HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Petersburg 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.