DSCR Loans in West Virginia
West Virginia has some of the lowest entry prices in the country, around $179K for a typical home, and that alone keeps the ratios workable. But a rental is taxed at the higher Class III or IV levy, roughly double the owner-occupied rate, so the cheap tax figures you see online are not yours.
West Virginia DSCR Loan Market
West Virginia is where DSCR math starts from the lowest prices on the map. The typical home runs about $179K with rent near $1,220, and insurance averages about $205 a month, close to the national figure. At those prices a rental can come close to covering itself at 20% down, which very few states allow.
The tax side is less friendly than its reputation. West Virginia taxes owner-occupied homes as Class II property and everything else, rentals included, as Class III outside cities or Class IV inside them, at roughly double the Class II levy. So this page uses about 1.02% effective, not the 0.51% owner-occupied average. Still manageable on a $179K house.
Morgantown has West Virginia University and steady student demand. Huntington has Marshall University and some of the lowest prices in the state. Charleston is the capital and a government and health care hub. The sample deal below is a cash-out refinance on a free-and-clear Huntington rental, a common move for owners who bought with cash.
Top Investor Cities
- Charleston
- Morgantown
- Huntington
Monthly tax on $179,000 property: $152/mo
8 DSCR Loan Programs for West Virginia Investors
Standard DSCR
The most popular option. 20% down, 660+ credit.
No-Ratio DSCR
No minimum DSCR required. 30% down.
Interest-Only DSCR
Lower monthly payments for better cash flow.
STR DSCR
Use projected Airbnb/VRBO income to qualify.
Foreign National DSCR
No SSN or US credit history required.
Bank Statement DSCR
Hybrid qualification for self-employed investors.
Portfolio DSCR
Finance multiple properties under one loan.
Bridge-to-DSCR
Purchase, rehab, then refinance into DSCR.
DSCR Loan Requirements in West Virginia
Licensing & Regulatory
Loans in West Virginia are originated by a licensed DSCR broker matched to your state. The matched broker holds the required state license; DSCRBroker.com is not the originator.
All lending decisions and terms are determined solely by the matched broker and their wholesale lending partners.
Common Property Types
- Single-Family Rentals
- Small Multifamily (2-4 Units)
Down Payment & LTV
- Standard DSCR: 20% minimum down (80% LTV)
- No-Ratio DSCR: 30% minimum down (70% LTV)
- 30%+ down unlocks No-Ratio DSCR programs and broader lender access
Appraisal & Rent Schedule
- Form 1007 rent schedule required with appraisal
- Appraisal estimates market rent for DSCR calculation
- STR properties: AirDNA projected income accepted
Sample DSCR Deal in Huntington, West Virginia
3-bed / 1-bath SFR (owned free and clear)
Cash-Out Refinance in Huntington, West Virginia
Monthly Breakdown
This borrower closed in 30 days with no income verification, no tax returns, and no employment check.
Results may vary. This is a representative example, not a guarantee of future performance.
This deal example is for illustrative purposes only and is based on representative scenarios across our broker network. Actual loan terms, approval, and closing depend on your full credit profile, property details, appraisal, and the matched lender's specific guidelines. This is not a loan offer or commitment to lend.
DSCR Loan Questions for West Virginia Investors
Because West Virginia taxes property by class. A home its owner lives in is Class II. Property the owner does not occupy, including rentals, is Class III outside a city or Class IV inside one, and those classes carry levy rates roughly double Class II. County offices put it plainly: property you own but do not occupy is taxed at the higher rate. That is why this page uses about 1.02% effective. Your specialist should use the actual bill for the parcel's class.
Yes, and it is one of the most common DSCR requests. A cash-out refinance sizes the loan off the appraised value and qualifies it on market rent against the new payment, with no personal income documentation. The sample deal below pulls cash from a Huntington rental at 70% of value. The watch-out in West Virginia is loan size, since many DSCR lenders have minimum loan amounts and a low-value property can fall under them. Your matched specialist can confirm which lenders fit.
A few good ones. The New River Gorge area, Snowshoe, the Canaan Valley ski areas, and the eastern panhandle near Harpers Ferry draw outdoor tourism, and college football weekends fill Morgantown. There is no statewide ban, and counties and towns set their own rules. Demand is seasonal outside the college towns, so a lender using projected income will look at the whole year. Confirm the local rules for the exact property before you count on nightly revenue.
It can be. West Virginia University keeps demand steady, and rents run high relative to prices compared with most of the state. Morgantown requires rental registration and inspections, and student houses turn over every year, so budget for wear and summer vacancy. An appraiser values market rent for the property, not per-bedroom student pricing, so match your pro forma to the rent schedule. Houses close to campus with parking tend to hold their rents best.
Explore DSCR Loans in Nearby States
Already eyeing a property in West Virginia?
Bring the address or just a price range. Your matched specialist will run the ratio, flag what the lender will ask for, and structure the file around the rent. 2 minutes. No SSN. No credit pull.
Match Me With a SpecialistLoans in West Virginia are originated by a licensed DSCR broker matched to your state. The matched broker holds the required state license; DSCRBroker.com is not the originator. The matched broker is not affiliated with DSCRBroker.com except as a participating broker in our matching network. All lending decisions and terms are determined solely by the matched broker and their wholesale lending partners.