DSCR Loans in Portsmouth city, Virginia
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 84 lenders made 292 investment-property loans in Portsmouth city, 2.3% of Virginia's total. Dominick Prevete arranges DSCR loans across Portsmouth 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.
Portsmouth city investor market at a glance
| Statistic | Portsmouth city | Virginia | County rank |
|---|---|---|---|
| Investor loans | 292 | 12,943 | 14th of 27 |
| Reporting lenders | 84 | 503 | 14th of 27 |
| Loan volume | $53.9M | $3.74B | 18th of 27 |
| Average loan | $185K | $289K | 23rd of 27 |
| Median loan | $175K | $225K | 23rd of 27 |
| Purchases | 55.5% | 62.0% | 22nd of 27 |
| Cash-out refinances | 28.8% | 17.7% | 2nd of 27 |
| 2–4 unit properties | 13.7% | 7.7% | 7th of 27 |
| Top five lenders' share | 33.9% | 18.5% | 8th of 27 |
| Reported business-purpose | 87.3% | 68.5% | 2nd of 27 |
Portsmouth city: closed-end loans on 1–4 unit investment properties. Portsmouth city's rank is highest first, among Virginia's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Portsmouth city's investor loans.
What stands out in Portsmouth city
By share of investor loans reported as business-purpose, Portsmouth city ranks 2nd-highest of Virginia's 27 counties with published data (statewide: 68.5%).
87.3% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
28.8% of Portsmouth city's investor loans were cash-out refinances, the 2nd-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.
The average investor loan in Portsmouth city was $185K, the 5th-lowest average of Virginia's 27 counties with published data (statewide: $289K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
Does a DSCR loan pencil in Portsmouth city?
At HUD's fair market rent of $2,298 for a 3-bedroom in Portsmouth 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). Portsmouth city's median home value is $246,900; at that price the payment is $1,663 a month, so the property would need $1,675 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) | $246,900 |
| Median property taxes and effective rate | $2,557 (1.04% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,663 |
| Rent needed to cover that payment | $1,675 |
| Coverage of a 3-bedroom at fair market rent | 1.38 |
| 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 $490,000 |
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 Portsmouth city's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Portsmouth city?
The most active investment-property lenders in Portsmouth city in 2025 HMDA data were Kiavi Funding, Inc.; Towne Bank; and UNITED SHORE FINANCIAL SERVICES, LLC, out of 84 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 two that reported in Portsmouth city, and matches each file to the one most likely to fund it.
Portsmouth city's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 292 loans and $53.9M from 84 lenders. Kiavi Funding, Inc. led Portsmouth city with 38 loans, 13.0% of the county's total, and the average Portsmouth city loan of $185K compares with $289K across Virginia.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 38 | $7.5M | $197K | 84.2% |
| Towne Bank | 22 | $4.1M | $185K | 100.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 15 | $3.0M | $198K | 46.7% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 13 | $2.1M | $159K | 0.0% |
| Rocket Mortgage, LLC | 11 | $1.5M | $137K | 18.2% |
| Loan Funder LLC | 10 | $2.0M | $197K | 70.0% |
| CV3 FINANCIAL SERVICES, LLC | 10 | $1.7M | $169K | 90.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 9 | $1.5M | $162K | 44.4% |
| NEWREZ LLC | 8 | $1.4M | $174K | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 7 | $1.4M | $195K | 42.9% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 7 | $1.3M | $192K | 100.0% |
| DOMINION FINANCIAL SERVICES, LLC | 5 | $1.2M | $249K | 60.0% |
| Atlantic Coast Mortgage, LLC | 5 | $1.1M | $215K | 60.0% |
| CARRINGTON MORTGAGE SERVICES, LLC | 5 | $1.0M | $199K | 40.0% |
| Easy Street Capital, LLC | 5 | $0.9M | $181K | 0.0% |
| LIMA ONE CAPITAL, LLC | 5 | $0.9M | $173K | 20.0% |
| NEWPORT NEWS SHIPBUILDING EMPLOYEES CREDIT UNION, INC. DBA BAYPORT CREDIT UNION | 4 | $0.9M | $220K | 100.0% |
| Hometown Equity Mortgage, LLC | 4 | $0.8M | $200K | 25.0% |
| BPL MORTGAGE TRUST, LLC | 4 | $0.7M | $170K | 50.0% |
| THE LOAN STORE, INC. | 4 | $0.7M | $163K | 25.0% |
| AMERICAN FINANCIAL NETWORK, INC. | 4 | $0.7M | $163K | 25.0% |
| DEEPHAVEN MORTGAGE LLC | 3 | $0.8M | $258K | 33.3% |
| LENDINGONE, LLC | 3 | $0.6M | $208K | 0.0% |
| UNION HOME MORTGAGE CORP. | 3 | $0.6M | $205K | 100.0% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | 3 | $0.6M | $192K | 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 Portsmouth city: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Portsmouth city CSV, all 25 lenders
What Portsmouth city's table can't show you: fit. Short-term financing is exempt from HMDA, so Portsmouth city's fix-and-flip and bridge lenders barely appear among its 84 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 Portsmouth city, Virginia deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Portsmouth 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 — Portsmouth city's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 84 lenders and 292 loans: 2025 HMDA loan-level data rolled up to Portsmouth city.
- Portsmouth city investor-lender dataset (CSV) — All 25 lenders in the Portsmouth city, Virginia table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Portsmouth 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 — Portsmouth 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.