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DSCR loans in West Virginia

Quick answer

DSCR loans in West Virginia qualify investors on a property's rental income instead of personal income, typically with 20%–25% down and a 660+ credit score.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

DSCR loan snapshot for West Virginia

ItemEstimate
Minimum down payment20%–25%
Minimum credit score660–700
Typical WV home value$155,600
3.5% down on typical home$5,446
20% down on typical home$31,120
Avg. effective property tax0.54%/yr (~$70/mo)
Income for typical home (31% rule)$47,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which West Virginia programs pair with DSCR loans?

  • Homeownership Program: Below-market-rate loans for buyers within income and price limits.
  • Movin' Up: Financing for moderate-income buyers who may not be first-time buyers.

Details and current limits: West Virginia Housing Development Fund (WVHDF).

How is DSCR calculated?

Lenders divide the property's market rent (from an appraiser's rent schedule or an existing lease) by the full monthly payment: principal, interest, taxes, insurance and any HOA dues. Example: $2,400 rent ÷ $2,000 payment = 1.20 DSCR.

Typical DSCR loan requirements

  • Down payment: 20%–25% (sometimes 15% for strong files).
  • Credit: 660–700 minimum.
  • Reserves: commonly 3–12 months of payments.
  • Property types: 1–4 unit homes, condos and townhomes; some lenders allow short-term rentals.

DSCR loans in West Virginia cities

CharlestonHuntingtonMorgantownParkersburgWheelingMartinsburgWeirtonFairmontBeckleyClarksburgTeays ValleySouth CharlestonSt. AlbansViennaCheat LakeCross Lanes

Frequently asked questions

Yes. DSCR loans are available statewide in West Virginia through approved lenders, subject to county loan limits where they apply.

Often yes. West Virginia Housing Development Fund (WVHDF) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve West Virginia.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.