A DSCR loan in Virginia is sized on the property's rent against its full monthly payment — principal, interest, taxes, insurance and any HOA. The program does not change by state; what changes is the tax and insurance line inside that ratio, the closing table and the legal process behind the lien. Here is what is specific to Virginia.
Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.
Loan amounts
$200K – $10M
Rates from
5.75%
Max LTV
80% purchase · 75% cash-out
Amortization
30-year
Minimum DSCR
1.00
Qualifies on
Property rent, not personal income
WHAT IS SPECIFIC TO VIRGINIA
Virginia facts that touch this loan
Foreclosure. Virginia is listed as a non-judicial-foreclosure jurisdiction: a power-of-sale clause in the deed of trust or mortgage lets the sale proceed without a court judgment, following the statutory notice steps. §55.1-321 requires notices before trustee sale and references advertising under §55.1-322: a statutory nonjudicial deed-of-trust sale process, with distinct owner-occupied residential provisions. [1][7]
State deed taxes. Virginia’s state deed recordation tax is $0.25 per $100 or fraction of the greater of consideration or actual value (§ 58.1-801). The separate grantor tax is $0.50 per $500 or fraction, excluding remaining liens (§ 58.1-802); the grantor owes that tax but may arrange for the grantee to pay. Local and regional additions are separate. [2][3]
County reassessment cycle. § 58.1-3252 generally requires county reassessment every four years, while permitting other specified cycles and authorized annual or biennial methods. Check the property’s local reassessment schedule rather than assuming a sale alone resets it. [4]
Foreign LLC registration and passive ownership. A foreign LLC registers before transacting business (§ 13.1-1051); the SCC lists a $100 registration fee. § 13.1-1059 excludes owning property without more, but an operating rental business should not automatically be treated as passive ownership. [5][6]
Registered settlement agents. Virginia permits attorney settlement agents and registered title-insurance agents or companies under its settlement-agent framework. It is not an attorney-only closing jurisdiction; nonlawyer authority does not include giving legal advice. [8]
Arlington County (Washington metro). In Arlington County, within the Washington metro, accessory homestays require an annual permit and must be in the applicant’s primary residence, occupied at least 185 days a year. The rule applies to Arlington County, not every Northern Virginia locality. [9]
Residential nonpayment notice as of October 19, 2026. As of October 19, 2026, §55.1-1245(F), effective until July 1, 2027, requires 14 days after written nonpayment notice before residential lease termination. Fairfax County confirms this replaced the five-day notice on July 1, 2026. Separate nonresidential rules apply. [10][11]
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LARGEST METRO AREAS
Where Virginia's population is
By Census Bureau population estimates, Vintage 2025 (July 1, 2025). Silt lends statewide — these markets are not a limit. Metros are ranked by full-area population among those listing this state first in the Census name; Washington is also included for Virginia and Maryland. Interstate totals are not state-only populations. [12]
Washington-Arlington-Alexandria, DC-VA-MD-WV
Virginia Beach-Chesapeake-Norfolk, VA-NC
Richmond, VA
Roanoke, VA
Lynchburg, VA
FAQ
DSCR in Virginia: questions investors ask
Does Silt make dscr loans in Virginia?
Yes. Virginia is one of the states Silt lends in, and the dscr program covers 1–10 unit rentals, long-term or short-term, purchase or refinance.
Is Virginia a judicial or non-judicial foreclosure state?
Virginia is listed as a non-judicial-foreclosure jurisdiction: a power-of-sale clause in the deed of trust or mortgage lets the sale proceed without a court judgment, following the statutory notice steps. §55.1-321 requires notices before trustee sale and references advertising under §55.1-322: a statutory nonjudicial deed-of-trust sale process, with distinct owner-occupied residential provisions.
Do dscr terms change in Virginia?
No. The program terms are the same in every state Silt lends in: loan amounts $200K – $10M; max ltv 80% purchase · 75% cash-out; amortization 30-year; minimum dscr 1.00; qualifies on Property rent, not personal income. The final term sheet reflects the property and the file.
Can I close in an LLC in Virginia?
Every Silt loan closes in an LLC or corporation, never a personal name. A foreign LLC registers before transacting business (§ 13.1-1051); the SCC lists a $100 registration fee. § 13.1-1059 excludes owning property without more, but an operating rental business should not automatically be treated as passive ownership.
What closing taxes should I budget in Virginia?
Virginia’s state deed recordation tax is $0.25 per $100 or fraction of the greater of consideration or actual value (§ 58.1-801). The separate grantor tax is $0.50 per $500 or fraction, excluding remaining liens (§ 58.1-802); the grantor owes that tax but may arrange for the grantee to pay. Local and regional additions are separate.
Will you pull my credit to quote?
No. Quoting is free and takes no credit pull. Credit is pulled only when you want a written term sheet, and it sets the pricing tier.
Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.