DSCR Loans in Richmond city, Virginia
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 139 lenders made 689 investment-property loans in Richmond city, 5.3% of Virginia's total. Dominick Prevete arranges DSCR loans across Richmond 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.
Richmond city investor market at a glance
| Statistic | Richmond city | Virginia | County rank |
|---|---|---|---|
| Investor loans | 689 | 12,943 | 4th of 27 |
| Reporting lenders | 139 | 503 | 5th of 27 |
| Loan volume | $201.7M | $3.74B | 3rd of 27 |
| Average loan | $293K | $289K | 11th of 27 |
| Median loan | $225K | $225K | 15th of 27 |
| Purchases | 48.0% | 62.0% | 24th of 27 |
| Cash-out refinances | 25.1% | 17.7% | 5th of 27 |
| 2–4 unit properties | 19.7% | 7.7% | 4th of 27 |
| Top five lenders' share | 30.2% | 18.5% | 15th of 27 |
| Reported business-purpose | 77.2% | 68.5% | 5th of 27 |
Richmond city: closed-end loans on 1–4 unit investment properties. Richmond city's rank is highest first, among Virginia's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Richmond city's investor loans.
What stands out in Richmond city
48.0% of Richmond city's investor loans were purchases, the 4th-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.
19.7% of Richmond city's investor loans financed a 2–4 unit property, the 4th-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.
25.1% of Richmond city's investor loans were cash-out refinances, the 5th-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.
Does a DSCR loan pencil in Richmond city?
At HUD's fair market rent of $2,039 for a 3-bedroom in Richmond 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). Richmond city's median home value is $353,000; at that price the payment is $2,336 a month, so the property would need $2,350 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) | $1,651 / $2,039 / $2,499 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $353,000 |
| Median property taxes and effective rate | $3,150 (0.89% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,336 |
| Rent needed to cover that payment | $2,350 |
| Coverage of a 3-bedroom at fair market rent | 0.87 |
| 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 $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 Richmond city's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Richmond city?
The most active investment-property lenders in Richmond city in 2025 HMDA data were Kiavi Funding, Inc.; UNITED SHORE FINANCIAL SERVICES, LLC; and CAPITAL CENTER, L.L.C., out of 139 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 Richmond city, and matches each file to the one most likely to fund it.
Richmond city's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 689 loans and $201.7M from 139 lenders. Kiavi Funding, Inc. led Richmond city with 109 loans, 15.8% of the county's total, and the average Richmond city loan of $293K compares with $289K across Virginia.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 109 | $34.7M | $319K | 38.5% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 33 | $7.4M | $226K | 39.4% |
| CAPITAL CENTER, L.L.C. | 26 | $7.1M | $275K | 50.0% |
| Rocket Mortgage, LLC | 21 | $3.8M | $181K | 38.1% |
| Hometown Equity Mortgage, LLC | 19 | $4.4M | $233K | 21.1% |
| CROSSCOUNTRY MORTGAGE, INC. | 15 | $5.5M | $365K | 53.3% |
| Virginia National Bank | 14 | $6.7M | $478K | 78.6% |
| DEEPHAVEN MORTGAGE LLC | 14 | $3.3M | $236K | 42.9% |
| LENDINGONE, LLC | 14 | $3.1M | $220K | 14.3% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 13 | $2.9M | $220K | 46.2% |
| MOVEMENT MORTGAGE, LLC | 13 | $2.6M | $201K | 84.6% |
| DOMINION FINANCIAL SERVICES, LLC | 13 | $2.6M | $199K | 7.7% |
| PENNYMAC LOAN SERVICES, LLC | 12 | $4.4M | $363K | 41.7% |
| Towne Bank | 12 | $3.9M | $326K | 58.3% |
| FIRST BANK | 11 | $2.9M | $260K | 63.6% |
| CV3 FINANCIAL SERVICES, LLC | 11 | $2.8M | $251K | 72.7% |
| HOMEXPRESS MORTGAGE CORP. | 10 | $3.1M | $308K | 30.0% |
| Strategic Funding, LP | 10 | $3.0M | $304K | 0.0% |
| THE LOAN STORE, INC. | 10 | $2.9M | $293K | 30.0% |
| AMERICAN FINANCIAL NETWORK, INC. | 10 | $2.6M | $257K | 80.0% |
| NFM, INC. | 9 | $2.4M | $271K | 55.6% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 9 | $2.4M | $271K | 22.2% |
| LIMA ONE CAPITAL, LLC | 8 | $1.8M | $221K | 75.0% |
| OCMBC, INC. | 8 | $1.7M | $208K | 0.0% |
| NVR Mortgage Finance, Inc. | 8 | $1.7M | $208K | 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 Richmond city: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Richmond city CSV, all 25 lenders
What Richmond city's table can't show you: fit. Short-term financing is exempt from HMDA, so Richmond city's fix-and-flip and bridge lenders barely appear among its 139 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 Richmond city, Virginia deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Richmond 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 — Richmond city's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 139 lenders and 689 loans: 2025 HMDA loan-level data rolled up to Richmond city.
- Richmond city investor-lender dataset (CSV) — All 25 lenders in the Richmond city, Virginia table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Richmond 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 — Richmond 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.