West Virginia DSCR Loans
CoreVest Finance provides DSCR loans in West Virginia, which are ideal for real estate investors seeking to purchase, refinance, or renovate commercial or investment properties. DSCR loans take into account both the property’s cash flow and the borrower’s capacity to repay the loan.
Compared to traditional commercial loans, one of the main advantages of DSCR loans is their flexibility and accessibility. DSCR loans do not rely solely on the borrower’s credit score or personal financial history, making them a suitable financing option for real estate West Virginia investors with less-than-perfect credit or limited personal income.
Instead, DSCR loans are based on the property’s ability to generate sufficient cash flow to cover the loan payments. By leveraging West Virginia DSCR loans, investors can access the capital they need to seize new investment opportunities quickly and expand their real estate portfolio.
Don’t miss out on your investment potential. Reach out to us today to explore how West Virginia DSCR loans can help you access to the required to capitalize on new investment opportunities and grow their portfolios.
Four reasons why investors should buy rental properties in West Virginia:
- Affordable real estate: West Virginia offers some of the most affordable real estate options in the United States, making it a prime location for investors to purchase rental properties.
- Strong rental demand: With a growing economy and low unemployment rates, there is a high demand for rental properties in West Virginia, particularly in areas with a large student population.
- Favorable landlord laws: West Virginia has favorable landlord-tenant laws, making it easier for landlords to manage their rental properties and protect their investment.
- Potential for property appreciation: While West Virginia may not be known for rapid property appreciation, it is a stable market with potential for long-term growth, making it a good investment option for those seeking a more stable return on investment.
West Virginia DSCR Loans – Frequently Asked Questions
What West Virginia Property Types does CoreVest Finance lend on for DSCR?
We lend on Single-family, 1-4 units, condos and townhomes.
What are CoreVest Finance’s West Virginia DSCR Rates?
CoreVest Finance offers competitive rates for DSCR loans. Rates vary due to investor’s past history and experience. For current rates, give us a call.
What is my turnaround time for an DSCR application?
We usually respond back to potential borrowers with a term sheet between 2-7 days.
How long will it take my DSCR Loan to close?
Our DSCR loans typically close within 20 days. Most of our DSCR Loans close within 4-6 weeks.
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|Types of Properties||Single-family, 1-4 units, condo, townhome|
|Loan Amount||$75k – $2M+|
|LTV||Up to 75% of value|
|DCSR Interest Rates||Varies|
|Minimum Qualifications / Documentation||Credit score: at least 680, Borrower must be a business entity, Call for more details|
|Other Financing Available||Rental Portfolio Loan, Single Asset Rental Loan, Bridge Loans, Fix and Flip Credit Line, Rental Aggregation Line, Single Asset Bridge Loan|
Together We Grow
CoreVest continues to grow with our borrowers and remain active participants in the industry