Virginia offers steady rental demand backed by government, military, and education-driven employment across multiple cities and suburbs. That stability, combined with a range of property prices, makes the state attractive for International real estate investors.
According to recent population and housing trends, Virginia continues to see sustained renter demand in markets such as Richmond, Virginia Beach, and Arlington, supported by proximity to Washington, D.C. and long-term employment anchors.
And that’s where the right financing can make all the difference. HomeAbroad offers a DSCR loan tailored specifically for foreign nationals that doesn’t rely on personal income verification or Debt-to-Income (DTI) ratios. Instead, we qualify you based on the property’s rental income, making it easier for international real estate investors to break into the Virginia real estate market.
DSCR Loan Virginia Snapshot
No US Credit History
US Income and Credit History Not Required
Minimum Down Payment
25%
Maximum Loan Amount
$10M
Fast Track Closing
27 Days
DSCR Loan Virginia Program Terms
Feature
HomeAbroad DSCR Loan
DSCR Ratio
Best terms typically apply at DSCR ≥ 1.0. If DSCR is below 1.0, the loan may still be eligible with a higher down payment. Our No-Ratio DSCR option (DSCR 0 to 1) can support foreign national investors buying properties with clear income upside, even when the property’s rent does not fully cover the monthly payment.
US Credit Score
Not required for foreign nationals
Loan Amount
$100K – $10M
Down Payment
25%
LTV
Up to 75% (Purchase) Up to 75% (Rate and Term Refi) Up to 70% (Cash-Out Refi)
Cash Reserves
6 months
Table of Contents
How DSCR is Calculated?
DSCR underwriting starts with a simple formula:
What counts as “Gross Rental Income” for DSCR Underwriting
Market rent supported by the appraisal rent schedule (commonly used for 1 to 4-unit rentals)
Executed lease rent, when acceptable to the lender and consistent with market support
What is included in PITIA
Principal
Interest
Taxes (Virginia property taxes and applicable assessments)
Insurance (including wildfire-related costs where relevant)
Association dues (HOA), if applicable)
Example
Calculating the DSCR Ratio for a Virginia Property:
Avg. home value in Richmond: $245,000
Down payment: 25%
Loan Term: 30 Years
Interest Rate: 7%
Monthly Mortgage Payment(PITIA): $1,149
Avg. Rent in Richmond: $1,771
DSCR: $1,771 ÷ $1,149
DSCR = 1.54
Monthly Positive Cash Flow: $622
A DSCR of 1.54 means the property earns 54% more than its total monthly loan obligations, showing strong cash flow and making it a great candidate for a DSCR Loan. If you hate doing the math, you can check our DSCR Ratio Calculator. Just enter your financial details, and you are good to go!
However, not all properties will meet this threshold, so we also offer our No-Ratio DSCR Program for properties with a DSCR between 0 and 1. This option allows investors to still qualify for financing, but it comes with a slightly larger down payment (a 5% hit to LTV) and higher interest rates. This program focuses less on rental income and more on other factors, giving investors with strong long-term plans the opportunity to secure financing.
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Valid Passport
Current passport from your home country
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Proof of Funds
Bank statements showing down payment + 6 months reserves
Benefits of DSCR Loans in Virginia
DSCR loans offer several advantages for foreign nationals investing in Virginia:
Qualification Based on Rental Income, Not Personal Income Documentation
At HomeAbroad, we do not rely on US W2s, US paystubs, or US tax returns to qualify a foreign national DSCR loan. We qualify you primarily on the property’s rental income profile and the strength of your overall file.
Faster Closing Times
DSCR loans can move quickly when the property, rent support, and documentation are straightforward. Appraisal and rent schedule timing still matters, especially in competitive Virginia markets. At HomeAbroad, we can close your deal in as less as 27 days.
Scale Your Portfolio Faster
International real estate investors like DSCR lending because it creates a repeatable qualification approach across multiple properties. When you understand how rent, PITIA, and reserves will be evaluated, it becomes easier to screen deals before you write offers.
Foreign National Friendly
DSCR loan is one of the best mortgage options for foreign nationals, who often face friction with conventional underwriting. DSCR lending is commonly used to reduce that friction because the property performance drives the qualification logic.
How HomeAbroad Helped a Canadian Investor Get a DSCR Loan in Virginia
Noah Brown, a real estate investor from Canada, recently relocated to the US on an L-1 visa and set his sights on purchasing a rental property in Richmond, Virginia. However, he faced a significant roadblock: he lacked a US credit history or long-term residency, leading to multiple rejections from conventional lenders.
That’s when Noah worked with HomeAbroad to explore DSCR financing. Instead of centering the approval on his personal credit profile, the loan was structured around the rental income of the Richmond property itself. By qualifying the deal based on projected rent and total ownership costs, Noah was able to move forward without relying on US credit history or traditional income documentation.
Property Details:
Location: Grand Rapids Property Value: $415,000 Monthly Rental Income: $3,150
Loan Details:
Loan Amount: $311,250 Down Payment: 25% ($103,750) Interest Rate: 7.2% Loan Term: 30 years Monthly Mortgage (PITIA): $2,350
Director of Mortgage Sales, HomeAbroad | NMLS# 1231769
“A DSCR of 1.34 isn’t just about passing underwriting. It gives enough margin so the investment can absorb small changes in taxes, insurance, or maintenance without eroding cash flow.”
With a DSCR of 1.34, the property comfortably supports the loan based on rental income alone, producing $800 in monthly cash flow. . This allowed Noah to secure financing without relying on US credit history or personal income, demonstrating how DSCR loans can work effectively for foreign nationals investing in Virginia.
Virginia Rental Market Overview
Virginia continues to offer a balanced rental environment by US standards, where property prices and rental income tend to align more naturally than in higher-cost coastal states. This balance gives investors more flexibility to structure DSCR-backed deals around sustainable rent rather than tight margins.
As per our data, the key market statistics for 2025 are:
Median gross rent in Virginia: approximately $2,000/month
Director of Mortgage Sales, HomeAbroad | NMLS# 1231769
“Virginia is a market where rent stability matters more than stretching projections. Deals here tend to work when investors underwrite to what tenants actually pay, not what the market might support in a best-case scenario.”
Where We Lend DSCR Loans in Virginia
HomeAbroad offers DSCR loans across Virginia, with tailored support for international real estate investors in top-performing cities like Virginia Beach, Richmond, Arlington, and more.
Here are a few cities in Virginia where we offer DSCR Loans.
Norfolk
Virginia Beach
Richmond
Alexandria
Danville
Chesapeake
Newport News
Lynchburg
Hampton
Portsmouth
Harrisonburg
Suffolk
Manassas
Arlington
Winchester
Top Places to Invest in Virginia with a DSCR Loan
Virginia offers solid investment potential for income-focused buyers. Based on recent rental market data, the state averages rental yields around 5.9%, supporting steady returns across multiple markets.
Combined with a diversified economy and consistent renter demand, this creates viable opportunities for both short-term and long-term rental strategies throughout Virginia.
Here are some of the top-performing cities in Virginia to consider for your DSCR loan investment:
The investment properties shown below are pulled from the HomeAbroad property-search platform and can change daily. Review each listing’s rent assumptions, cash flow, and DSCR inputs before you underwrite an offer.
City
Rental Type
Rental Yield
Virginia Beach
Short-Term
18.6%
Richmond
Short-Term
9.4%
Norfolk
Long-Term
6.5%
Arlington
Short-Term
6%
Chesapeake
Long-Term
5.9%
Virginia Beach: Coastal Energy and Tourist Magnet
Virginia Beach blends vibrant tourism with a strong military and port economy. It’s a top vacation destination with oceanfront rentals in high demand, especially in summer. With short-term rental yields among the highest in the state, investors find solid returns backed by consistent visitor traffic.
Median Home Price: $413,761
Average Rent: $2,216
What this means for investors: High occupancy rates, substantial seasonal income, and a resilient local economy that supports both vacation and long-term tenants.
Investment Properties Listed Today on Sale in Virginia Beach
The capital city offers a unique mix of colonial architecture, trendy neighborhoods, and a growing job market. Richmond’s economy is driven by government, healthcare, and finance, creating demand for both short-term and mid-term rentals.
Median Home Price: $357,214
Average Rent: $1,566
What this means for investors: A balance of affordability and income potential, with strong appreciation trends and room for growth in the short-term rental space.
Investment Properties Listed Today on Sale in Richmond
Home to the world’s largest naval station, Norfolk has a steady demand for rentals from military families and contractors. The city’s affordability and access to maritime industries support year-round occupancy in long-term rentals.
Median Home Price: $299,369
Average Rent: $1,640
What this means for investors: Predictable rental income, a stable tenant base, and excellent cash flow potential with low property entry points.
Investment Properties Listed Today on Sale in Norfolk
Just across the river from Washington, DC, Arlington offers a premium rental market fueled by tech professionals, diplomats, and federal workers. The area’s strong job market and limited housing supply make it ideal for short-term executive rentals.
Median Home Price: $794,369
Average Rent: $2,557
What this means for investors: High rental rates and low vacancy risk in a top-tier urban environment, though upfront property costs are significantly higher.
Investment Properties Listed Today on Sale in Arlington
Chesapeake: Suburban Comfort with Growth Potential
Chesapeake is one of Virginia’s fastest-growing cities, appealing to families and commuters seeking space and convenience. Its location near Virginia Beach and Norfolk makes it ideal for long-term renters working in the region.
Median Home Price: $409,714
Average Rent: $2,029
What this means for investors: Long-term stability, a growing tenant base, and consistent appreciation in a suburban setting with strong demand
Investment Properties Listed Today on Sale in Chesapeake
Virginia Specific DSCR Underwriting Factors that Investors Overlook
Property Taxes and Transfer Costs
Virginia has relatively moderate property tax rates, but international real estate investors should budget for additional costs, such as grantor and grantee transfer taxes, particularly in Northern Virginia. What we see often is international investors budgeting for taxes but overlooking local add-on rates in places like Alexandria and Arlington, which can affect total acquisition costs and DSCR modeling.
Director of Mortgage Sales, HomeAbroad | NMLS# 1231769
“Most delays in Virginia DSCR loans come from things investors can control early, like HOA documents or confirming local rules. When those are handled upfront, the rest of the process is very predictable.”
Tenant-Friendly Localities and Eviction Laws
While Virginia is generally landlord-friendly, some counties and cities lean more toward tenants, especially those near Washington, DC. The state requires landlords to follow detailed notice periods and provide written documentation before evictions. The Virginia Residential Landlord and Tenant Act outlines strict procedures, especially for properties with more than four units
Historic Property Restrictions
Many Virginia properties fall within historic districts, particularly in cities like Richmond and Williamsburg. Renovations may require special approvals or architectural review, which can limit timelines and flexibility. The reason this matters is planning. Renovation constraints can affect both upfront costs and long-term operating assumptions tied to DSCR stability.
Strategic & Future Considerations for Foreign Nationals Investing in Virginia
Virginia continues to appeal to international buyers through its mix of economic stability, educational hubs, and proximity to Washington, DC. Looking ahead, tech-driven expansion, new infrastructure, and population growth are creating investment opportunities in both metro and mid-tier markets.
Here’s what global investors must consider when evaluating future-oriented opportunities across the state.
1. Accessible Ownership for Foreign Nationals:
Virginia imposes no restrictions on foreign real estate ownership, allowing direct purchase of residential, rental, or multifamily properties. In our experience, this legal clarity makes Virginia easier to enter, especially for first-time US investors.
2. Tech and Government Expansion in Northern Virginia
Markets such as Arlington, Fairfax County, and Alexandria continue to benefit from growth in technology firms and government contracting. High-income professionals and long-term tenants support steady demand for mid- and long-term rentals in these areas.
3. University and Healthcare-Anchored Markets
Richmond, Charlottesville, and Norfolk benefit from strong rental demand linked to universities, hospitals, and research institutions. These markets are ideal for global investors targeting steady rental yields with lower vacancy risks.
4. Infrastructure-Driven Suburban Growth
Transit extensions, highway improvements, and remote-work migration are pushing more buyers and renters into outer suburbs and secondary metros, such as Roanoke and Newport News, where rental demand is rising alongside development
Virginia DSCR Loan FAQs
Can foreign nationals apply for a DSCR loan in Virginia?
Yes, foreign nationals can apply for DSCR loans in Virginia through HomeAbroad, eliminating the need for a US credit score, making it a flexible financing option for global investors.
What are the DSCR loan interest rates in Virginia?
DSCR loan interest rates vary based on market conditions, borrower profiles, and property type, but are typically higher than conventional loan rates. However, HomeAbroad offers competitive rates that enable investors to leverage property cash flow to achieve better returns.
How long does it take to get a DSCR loan in Virginia?
At HomeAbroad, we streamline the application process to ensure a smooth experience from loan application to closing. We guarantee that the closing will happen within 30 days.
About the author:
Steven Glick is the Director of Mortgage Sales at HomeAbroad and has over a decade of experience in the mortgage industry. As a licensed mortgage originator (NMLS# 1231769), Steven brings deep expertise in loan processing, sales operations, and non-traditional mortgages.
* Scenario-based rate shown for illustrative purposes. Reflects current pricing available to qualified borrowers with strong credit, low loan-to-value, qualifying DSCR, and selected loan terms. Actual rates vary by borrower, property, and market conditions. Not a commitment to lend. Foreign national DSCR pricing may differ from U.S. borrower programs.
Virginia Investment Properties On Sale
Build wealth with HomeAbroad DSCR loans across Virginia’s top markets.
Our streamlined digital process gets you from application to funding faster than traditional lenders.
1
Get Pre-Qualified
Submit a quick online application. No credit pull required for initial quote.
⏱ 5 minutes
2
Submit Documents
Upload property details, lease agreements, and basic ID verification.
⏱ Same day
3
Property Appraisal
We order an appraisal and a rent schedule to confirm DSCR qualification.
⏱ 5–7 days
4
Close & Fund
Sign closing documents and receive your funds. Remote closing available.
⏱ 27 days total
Why Investors Choose HomeAbroad
DSCR Loan Experts
We focus on DSCR investor loans. Expect clear cash flow math, rent documentation, and underwriting that reflects how rental properties are evaluated.
Foreign National Mortgage Experts
No US credit? No problem. At HomeAbroad, our expert loan officers can still qualify you for a DSCR loan. We do not rely on US income or tax returns to underwrite your loan.
AI-Powered Property Search Platform
Our investment property search helps you shortlist rentals that fit DSCR qualification. Screen for rent strength, yield, and investor criteria before you write the offer.
End-to-End Support
We keep the process moving, from LLC formation to bank accounts, insurance to property management. Everything is handled by us so you can focus on growing your portfolio.
Why Choose Us
Built for Foreign Real Estate Investors
HomeAbroad is a one-stop shop for global investors, from finding properties to securing financing, setting up your LLC, opening a US bank account, and managing your portfolio.
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Foreign National Mortgage Experts
No US credit history, income, or residency required. We've helped thousands of international real estate investors finance Virginia real estate.
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AI–Powered Property Search
Our investment property search platform helps you discover high-yield rentals across Virginia using smart algorithms.
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Fast Digital Process
Close in as fast as 27 days with our streamlined application, remote notarization [remote closing], and digital document signing.
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500+ Expert Agents
Work with our network of experienced real estate agents who specialize in investment properties across Virginia.
Ready to Get Started?
Get your personalized rate quote in minutes. No credit pull, no obligation.
48
States We Lend In
27 Days
Average Close Time
500+
Partner Real Estate Agents
4.9 Star
Customer Rating
What Foreign Investors Say About Us
Real reviews from international investors who closed with HomeAbroad
★★★★★
“Quick response, reliable & trustworthy. HomeAbroad helped me find the perfect agent & purchase my investment property in Katy, TX. Would definitely recommend!”
RM
Rashmi Mayekar
Non-US Resident Investor • Property
★★★★★
“HomeAbroad was a game-changer! They helped me get mortgage financing and find an agent who understood my needs. I couldn’t be happier with their assistance.”
SP
Steve Papadakis
Newcomer on H1-B Visa
★★★★★
“Awesome experience in working with them. Very patient in understanding my needs as an investor and helped me with the correct loan product for me. I will recommend them and use them again.”
JB
John Bolla
Investor from New York, NY
★★★★★
“Jonet from HomeAbroad answered all my questions regarding specifics for work visa holders to purchase our first investment property in Tampa. Was patient and kind and also connect me with a real estate agent.”
Ok
Okissa
Purchased Investment Property in Tampa.
Pre-qualify for a DSCR Loan as an international investor
No U.S. credit history. No personal income verification. Qualify based on property’s rental income.
