West Virginia at a glance for borrowers
- West Virginia taxes wage income, which matters when tax returns are used to qualify; bank statement and DSCR loans sidestep that.
- Major markets we see: Charleston, Huntington, Morgantown.
Investor loans in West Virginia
DSCR Loans in West Virginia
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorDSCR Cash-Out Refinance in West Virginia
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorFix and Flip Loans in West Virginia
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorShort-Term Rental (Airbnb) DSCR Loans in West Virginia
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
InvestorBridge Loans in West Virginia
A bridge loan is short-term (usually 6–24 months) investor financing secured by real estate that “bridges” you from a purchase to a sale or long-term refinance.
InvestorHard Money Loans in West Virginia
A hard money loan is a short-term investment-property loan from a private lender that approves mainly on the property’s value and the deal, not your income or credit history.
InvestorGround-Up Construction Loans in West Virginia
An investor construction loan funds land (or a land payoff) and vertical construction of a new 1–4 unit home in draws, then is repaid by sale or a permanent refinance.
InvestorForeign National Loans in West Virginia
A foreign national loan lets a non-US citizen who does not live in the US finance a US investment property or second home without a US credit history or Social Security number.
InvestorMultifamily Loans (5+ Units) in West Virginia
A multifamily loan finances apartment buildings with five or more units and is underwritten as a commercial loan on the property’s net operating income (NOI).
Investor1031 Exchange Loans in West Virginia
A 1031 exchange loan finances the replacement property in a like-kind exchange, where investors defer capital gains tax by reinvesting sale proceeds into another investment property.
Home loans in West Virginia
Bank Statement Loans in West Virginia
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in West Virginia
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanVA Loans in West Virginia
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanConventional Loans in West Virginia
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
Home loanFirst-Time Homebuyer Loans in West Virginia
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanCash-Out Refinance in West Virginia
A cash-out refinance replaces your current mortgage with a larger one and pays you the difference in cash, commonly up to 80% of your home’s value on a primary residence.
Home loanJumbo Loans in West Virginia
A jumbo loan is a mortgage larger than the FHFA conforming loan limit for your county, used for higher-priced homes.
Home loanUSDA Loans in West Virginia
A USDA loan is a mortgage guaranteed by the U.S.
Home loanFHA 203(k) Renovation Loans in West Virginia
An FHA 203(k) loan finances both the purchase (or refinance) of a home and the cost of repairing it in a single FHA-insured mortgage, with as little as 3.5% down.
Home loanCondo Loans in West Virginia
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Home loanSecond Home Loans in West Virginia
A second home loan finances a vacation or part-time residence you occupy for some of the year, often with as little as 10% down on a conventional loan.
Cities
Costs & taxes in West Virginia
FAQ
Do you offer mortgages in West Virginia?
Yes. We arrange both investor loans and owner-occupied home loans for West Virginia properties. Our licensed states are growing, submit your scenario and we will confirm the licensed loan officer for your state.
Can out-of-state investors buy rentals in West Virginia?
Yes. DSCR and fix and flip loans are based on the property, so you do not need to live in West Virginia.