Roanoke is a steady, affordable rental market in the Blue Ridge, with a mix of early 1900s neighborhoods and suburban ranch homes. Many investors here already own their rentals free and clear, and the question is how to put that equity to work.
In short: For Roanoke DSCR loans, our top pick is LendingStreet. We qualify Roanoke Valley rentals on the property's rent with no W-2s or tax returns, lend to LLCs as standard, and offer 30-year terms with up to 75% LTV on cash-out refinances and 80% on purchases. Loans start at $150,000 with no stated maximum, and a blanket loan can refinance five or more rentals at once.
LendingStreet makes business-purpose loans on non-owner-occupied property across the City of Roanoke, Roanoke County, Salem, Vinton and Botetourt County. Our DSCR loans fit investors who want to buy, refinance or pull cash out without handing over personal tax returns.
We size the loan to the rent and the real carrying costs. Get a quote with the form below or call (877) 298-1001.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR loan for investors in Roanoke, VA, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| Credit score in the 620s | LendingStreet | Our DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Grandin Village, Raleigh Court, Wasena and South Roanoke have early 20th century homes on tree-lined streets, popular with professionals and medical staff. Old Southwest has Victorian homes, some converted into apartments. Williamson Road, Belmont, Fallon Park and the northwest neighborhoods offer lower prices and more single-family rentals and duplexes.
Salem, Vinton and the Roanoke County suburbs such as Cave Spring and Hollins have mid-century brick ranch homes and newer subdivisions. Rental demand comes from the large regional health system, nearby colleges, and employers along the Interstate 81 corridor.
This is how LendingStreet compares with the lender types Roanoke investors usually call.
| Question | LendingStreet | Typical bank | Typical hard money or private lender |
|---|---|---|---|
| How is the loan qualified? | On the rent the property earns | Usually on your personal income and returns | Mostly on the deal; long-term rent qualifying is uncommon |
| How long is the loan? | Up to 30 years | Varies; balloons are common on investor loans | Usually months, not years |
| Can an LLC borrow? | Yes, it is standard | Sometimes, with extra steps | Usually |
| How much on a purchase? | Up to 80% LTV | Varies | Varies; fees and terms vary |
| How much on a cash-out? | Up to 75% LTV | Varies; may be limited | Not a long-term option |
| Fix and flip and bridge in the same place? | Yes, plus DSCR rental loans | Rarely | Short-term loans only |
Virginia localities assess real estate at full market value and set their own tax rates, which differ between the City of Roanoke, Roanoke County, Salem and Vinton. Roanoke Valley rates are moderate compared with many metros. Check the assessor record for the exact figure. Reassessments happen regularly, so the bill on a long-held rental can change after a strong year for values.
Virginia charges a state recordation tax on deeds and deeds of trust, plus a local recordation tax, and the seller typically pays a grantor tax. On a cash-out refinance, recordation tax applies to the new deed of trust. Your settlement agent can give you an estimate.
This example is illustrative and not a quote. An investor owns a Raleigh Court home free and clear. It appraises for $300,000 and leases for $2,100 a month. Taxes are about $305 a month and insurance is $115.
At 75% LTV the cash-out loan is $225,000, with estimated principal and interest of about $1,516. The total payment is about $1,936, for a DSCR of about 1.08x. At 65% LTV the loan is $195,000, the payment is about $1,734 and DSCR is about 1.21x. Before closing costs, the investor takes out about $225,000 or $195,000, and can use it toward the next purchase.
Both options clear the 1.0x standard minimum. The choice comes down to how much cash the investor needs now versus how much cushion they want if taxes or insurance rise later.
| Item | 75% LTV cash-out | 65% LTV cash-out |
|---|---|---|
| Loan amount | $225,000 | $195,000 |
| Estimated principal and interest | $1,516 | $1,314 |
| Property taxes | $305 | $305 |
| Insurance | $115 | $115 |
| Total monthly payment | $1,936 | $1,734 |
| Monthly rent | $2,100 | $2,100 |
| DSCR | About 1.08x | About 1.21x |
Virginia landlord-tenant rules are set mostly at the state level under the Virginia Residential Landlord and Tenant Act. Some localities, including the City of Roanoke, can require rental inspections in designated areas. Confirm what applies to your address.
Parts of the city near the Roanoke River and its creeks have a history of flooding and fall in mapped flood zones. Older homes may need electrical, roof or heating updates that affect insurance. Short-term rentals face local zoning and registration rules, so check with the city or county before relying on nightly income.
Beyond cash-out, our DSCR loans buy rentals at up to 80% LTV and refinance out of short-term or bank balloon loans with a rate-and-term refinance up to 80% LTV on some programs. Cash-out seasoning varies by program.
Duplexes through fourplexes qualify on combined rent. Buildings with 5 to 8 units, including converted Old Southwest houses, are residential DSCR with us, and max LTV varies by program. Nine or more units go to our commercial program. Owners of five or more rentals can look at a blanket portfolio loan with one closing and one payment.
Before you pick a lender, put these questions to each one and get the answers in writing.
Here is where LendingStreet lands on each: 80% max purchase LTV, 75% max cash-out LTV, 1.0x standard DSCR with sub-1.0 programs available, seasoning that depends on the program, LLC borrowing as the norm, and no stated maximum loan size above our $150,000 minimum. Leverage on 5-8 units and larger balances varies by program, and when a seller wants speed, a bridge loan can close in as little as 10 days.
Send the address, value or price, rent, tax bill and insurance quote. We will run the ratio at a few loan amounts so you can choose. Get a quote with the form below, or call (877) 298-1001.
Our top pick is LendingStreet. We qualify on rent with no tax returns, lend to LLCs, offer 30-year terms, and go up to 80% LTV on purchases and 75% on cash-out.
Yes. We lend in the City of Roanoke, Roanoke County, Salem, Vinton and Botetourt County, and in all 50 states and DC.
Yes. Cash-out goes up to 75% LTV, and the rent must cover the new payment at the program minimum. Seasoning varies by program.
Generally yes, on the new deed of trust. Your settlement agent will confirm the amount.
Yes, if it is a legal 1-8 unit property. We qualify on the combined rent.
The minimum is 620.
No. Our loans are business-purpose loans on non-owner-occupied investment property.
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