2024 · Virginia
In 2024, 10,397 investment-property loans worth $2.9B were originated on single-family 1-4 unit homes in Virginia. Here's how those terms compared to the rest of the country.
Investor rate premium
88 bps
U.S. median: 88 bps
Denial rate
16.4%
U.S. median: 17.2%
DSCR / business-purpose
65%
U.S. median: 69%
Median LTV
75%
U.S. median: 75%
Investors in Virginia borrowed at a median rate of 7.5%, versus 6.624% for owner-occupants — a 88 bps premium that ranks 38th of 51 states.
Their applications were denied 16.4% of the time. The leading reasons for denial were debt-to-income ratio, collateral, other.
65% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 16% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.
In 2024, the median investment-property loan in Virginia carried a rate of 7.5% versus 6.624% for an owner-occupant — a premium of 88 bps. That ranks 38th of 51 states (1 = highest premium).
16.4% of investment-property applications were denied in Virginia in 2024, the 31st-highest denial rate among the 51 states. The most common denial reasons were debt-to-income ratio, collateral, other.
65% of investor loans in Virginia were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (36th of 51). The median loan-to-value was 75%.
Source: CFPB / FFIEC HMDA Data Browser (loan-level public dataset), 2024. Single-family 1-4 unit, site-built loans; financed purchases only.