One state.
Many markets.
Your rental.

Yes, for business-purpose, non-owner-occupied rentals. Wholesale DSCR programs cover Virginia single-family homes, townhomes, warrantable condos and 2–4 unit buildings, and some small-balance programs consider 5–10 units. Each lender sets its own credit, reserve and equity requirements, and the rent-to-payment ratio and the property have to work. Loan Daddy LLC is a broker, not a lender. Northern Virginia condos and coastal properties often need extra project or insurance review, so mention them early.

Virginia's independent cities are separate from surrounding counties. Confirm the property's actual jurisdiction before you obtain its assessment, tax bill and rental rules; a nearby mailing address is not enough.

Typically: credit, reserve and equity requirements set by the lender, an appraisal with a rent schedule, a lease or market-rent support, insurance quotes, and entity documents if you're buying in an LLC. Personal tax returns and W-2s generally aren't used. Requirements change with the DSCR, property type and loan size, and comparing several lenders helps. Military landlords sometimes have a property in Virginia while stationed elsewhere. Lenders generally treat that as a business-purpose rental as long as you won't live in it.

Lawful rental use comes first. Virginia Beach and Richmond apply address-specific zoning and operating conditions that can limit investor-only short stays. Verify current permission with the locality, then ask which rental evidence a wholesale lender will accept.

Divide the monthly rent the lender accepts by principal, interest, real estate tax, insurance and HOA dues. A Chesapeake house renting for $2,300 with a $2,000 full payment has a DSCR of 1.15. Each program sets its own minimum, and higher ratios generally mean more options. In Northern Virginia, HOA and condo fees can be large enough to sink a ratio, so include them. Run your numbers on the DSCR calculator.

There is no single number. Each wholesale lender sets its own minimum, and some programs consider ratios below 1.00 when other parts of the file are strong. A ratio of 1.00 means the accepted rent exactly covers the full payment; higher ratios generally open more options. Model the property on the DSCR calculator with your own quoted inputs.