DSCR Loans Roanoke, Virginia
Finance a Roanoke rental on its income — no tax returns, no W-2s. The largest metro in Southwest Virginia offers low prices and a large Carilion Clinic medical anchor — a genuine cash-flow market.
- Qualify on the property’s rent — no tax returns or W-2s
- Rates from 5.75% · up to 85% LTV · DSCR from 0.75x
- Southwest Virginia – affordable, Carilion medical, real cash flow
- SFR, Condo, 2–4 Unit, Multi-Family & Commercial Considered
- LLC & foreign nationals OK · no cap on financed properties
Roanoke DSCR Loans — Key Facts (2026)
- What it is: A business-purpose rental loan that qualifies on the property’s rent ÷ payment (DSCR), not your personal income.
- Market: City of Roanoke (Southwest Virginia). Affordable; Carilion medical anchor; cash flow.
- Max LTV: Up to 85% (purchase) · 75–80% cash-out. Min DSCR: from 0.75x.
- Minimum FICO: 620+ (best pricing 720–780+). Rates: from 5.75%.
- Closing: as fast as 14 days. Vesting personal, LLC, or entity — foreign nationals eligible.
- Lender: CambridgeHomeLoan.com — direct DSCR lender since 1998, NMLS #1826020.
DSCR Loans in Roanoke
What is a DSCR loan in Roanoke, Virginia?
A Roanoke DSCR loan qualifies on the property’s rent divided by its full payment (PITIA), not your income. Roanoke is Southwest Virginia’s hub, where low prices and the Carilion Clinic medical and research campus create one of the state’s stronger rent-to-price profiles. A steady healthcare and outdoor-recreation economy anchors demand, and Virginia’s landlord-friendly, no-rent-control rules let investors underwrite dependable long-term rent with DSCRs that clear near 1.0x on the numbers alone.
| Qualifies on | The property’s rent ÷ PITIA (DSCR) — no personal income |
| Rates from | 5.75% (Tier 1; see rate table below) |
| Max LTV | Up to 85% (purchase) · 75–80% cash-out |
| Min DSCR | From 0.75x with compensating factors · no-ratio options |
| Min FICO | 620+ (best pricing 720–780+) |
| Vesting | Personal or LLC · foreign nationals eligible · no property cap |
| County | City of Roanoke (Southwest Virginia) |
How we compare
CambridgeHomeLoan vs. Top National DSCR Lenders
Roanoke investors shop DSCR terms hard. Here’s how our program stacks up against the terms commonly advertised by top national DSCR lenders. Where we lead, it’s highlighted.
| Feature | CambridgeHomeLoan | Top National Lenders (typical) |
|---|---|---|
| Rates from | 5.75% | ~5.75–6.5%+ |
| Max LTV (purchase) | Up to 85% | Typically 80% (85% only for 740+ FICO, smaller loans) |
| Min DSCR | From 0.75x | 1.0 standard (0.75 with factors) |
| Min FICO | 620 | 620–640 |
| Max loan amount | $20M+ | Commonly $3M–$5M |
| Foreign nationals | Yes — LLC, entity & foreign nationals | Limited / program-dependent |
| Fastest closing | As fast as 14 days | Varies |
| Model | Direct lender since 1998 | Direct lender |
“Top national lenders” reflects terms commonly advertised across the DSCR market on publicly published program pages as of July 2026, subject to change. Typical ranges for general comparison, not the terms of any single lender.
Roanoke market data
Roanoke rental market at a glance (2026)
Representative 2026 market indicators for underwriting context — confirmed per property by a Form 1007 appraisal and a real insurance quote.
| Avg. monthly rent (2026) | ~$1,300-$1,800 (single-family) |
| Typical price | $180K-$280K SFR; low basis |
| Property tax (locality) | ~1.1% effective (city rate) |
| Insurance | Lower; inland, no coastal exposure |
| Investor angle | Affordable basis + Carilion medical cash flow |
Approximate 2026 figures for illustration; not guarantees. Verify current data for your specific property.
Roanoke neighborhoods
Where Roanoke rentals pencil for DSCR
Roanoke cash-flows on a low basis and steady Carilion-anchored demand across its neighborhoods.
| Submarket | Typical monthly rent (2026)* | DSCR outlook |
|---|---|---|
| Grandin Village | $1,400-$1,900 | Walkable; strong long-term demand |
| Near Carilion / South Roanoke | $1,500-$2,000 | Medical professional renters |
| Wasena | $1,300-$1,800 | Value SFR; steady rentals |
| Raleigh Court | $1,400-$1,900 | Family SFR; established |
| Southeast Roanoke | $1,200-$1,600 | Value; BRRRR candidates |
*Approximate 2026 ranges for illustration — verify current rents for the specific address (an appraiser Form 1007 sets the qualifying figure).
Free tool
Roanoke rent & DSCR calculator
Enter the property’s monthly rent, your loan, and carrying costs to estimate your DSCR (rent ÷ PITIA) and monthly cash flow. Illustrative only — final DSCR uses the appraiser’s Form 1007 rent and quoted insurance.
Property & loan
Carrying costs (City of Roanoke (Southwest Virginia))
Illustrative only; not a rate quote or commitment to lend. We confirm rent with a Form 1007.
Worked example
A real Roanoke DSCR scenario
A Roanoke single-family rents for $1,500/month. On a $190,000 loan at 7.25% (30-yr), P&I is about $1,296; add city taxes (about $175/mo) and insurance (about $125/mo) and PITIA is about $1,596 — a DSCR near 0.94x that a modest rent bump or a value-add BRRRR clears past 1.0x on Roanoke’s low basis. Illustrative only; confirmed by a Form 1007.
Rates
Roanoke DSCR rate tiers (2026)
| Tier 1 (780+ FICO, ≤65% LTV) | From ~5.75% — strongest pricing |
| Tier 2 (720–779, ≤75% LTV) | ~6.25–7.00% |
| Tier 3 (660–719, ≤80% LTV) | ~7.00–7.75% |
| Tier 4 (620–659, up to 85% LTV) | ~7.75–8.50% |
Illustrative tiers, subject to change and underwriting; DSCR ratio, property type, and reserves also affect pricing. Not a rate quote.
Short-term rentals
Airbnb & short-term rentals in Roanoke
Roanoke demand is long-term, anchored by Carilion Clinic healthcare workers and a broad workforce, with some outdoor-tourism short-term rental activity. DSCR loans qualify permitted STR income from a Form 1007 where eligible, but the core Roanoke play is affordable long-term rent and BRRRR on a low basis.
Requirements
Roanoke DSCR loan requirements
| Down payment | Typically 20–25% (purchase) |
| Credit | 620+ FICO; best pricing at 720–780+ |
| DSCR | From 0.75x (with factors); 1.0x+ standard; 1.25x+ best pricing |
| Reserves | Typically 3–6 months of PITIA |
| Rent proof | Lease, or appraiser Form 1007 market rent for vacant/purchase |
| Vesting | Individual, LLC, or entity · foreign nationals eligible |
| Uses | Purchase, rate-and-term refinance, cash-out |
Answers
Roanoke DSCR loan FAQ
Why is Roanoke a real cash-flow DSCR market?
Low Southwest Virginia prices paired with steady Carilion medical demand produce among the healthiest rent-to-price in the state, so DSCRs clear near 1.0x on the numbers alone.
Can I use a DSCR loan for a Roanoke BRRRR?
Yes. Buy and rehab, refinance on the stabilized rent and appraised value with no income docs — Roanoke’s low basis makes the model work.
Who rents in Roanoke?
Carilion Clinic healthcare workers, a broad regional workforce, and outdoor-recreation professionals — a steady long-term tenant base.
What credit score and down payment do I need in Roanoke?
A 620+ FICO and typically 20-25% down; up to 85% LTV on strong files.
Keep exploring
Related Roanoke & Virginia investor loans
© 2026 CambridgeHomeLoan.com · NMLS #1826020 · 4830 W Kennedy Blvd, Tampa, FL 33609 · (800) 826-5077 · Equal Housing Lender. DSCR loans are for business-purpose, non-owner-occupied investment properties only and are not available for primary residences. Rates, terms, LTV, and DSCR minimums are illustrative, subject to change without notice, and subject to borrower and property qualification and underwriting approval. Rate shown “from 5.75%” reflects the lowest advertised tier for the strongest borrower profiles and is not a rate quote or commitment to lend. Rental income figures are market estimates for illustration only and are confirmed by a Form 1007 appraisal on your specific property. Short-term-rental regulations vary by municipality — verify zoning and registration before purchase. Comparisons reflect publicly available information as of July 2026 and are not endorsements or affiliations. This page is informational and does not constitute financial, legal, tax, or investment advice.