Backflip for Virginia investors
Backflip combines hard money lending with deal-analysis tools — particularly useful for newer investors wanting integrated underwriting support.
Virginia context
Virginia steady DSCR. Military presence supports demand (Norfolk, JBSA).
How Backflip positions in Virginia
The Virginia lender pool for DSCR includes Backflip among the active platforms. Virginia top metros (Virginia Beach, Richmond, Norfolk) see meaningful Backflip loan volume.
City-level coverage in Virginia
Backflip provides DSCR coverage across Virginia metros including Virginia Beach, Richmond, and Norfolk. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Backflip program terms apply uniformly across Virginia metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, bridge |
| Loan size | $50K - $2.5M |
| Rates | 9.99%-11.99% |
| Points | 1 - 3 |
| Max LTV | 85% of ARV |
| Term lengths | 12 months |
| Typical close time | 5-10 days typical |
| Virginia property tax | 0.9% |
| Virginia state income tax | 5.75% |
Backflip strengths in Virginia
- tech-forward
- deal analysis tools
- newer investor friendly
Ideal borrower: Newer investor needing deal analysis tools alongside financing
FAQ
Yes, operates nationally including Virginia. Backflip is based in Denver, CO and operates nationally.
Virginia Beach is the top investor market in Virginia and falls within Backflip national coverage. Virginia Beach property tax follows the Virginia state rate of 0.9 percent. Backflip typically underwrites Virginia Beach acquisitions at standard rate sheets.
Yes. Richmond ranks among the larger Virginia investor metros and sees consistent DSCR loan volume from Backflip. Submarket variation within Richmond matters for property selection.
Backflip applies the same rate sheet across Virginia metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Virginia Beach, Richmond, and Norfolk all qualify for the same Backflip program.
Backflip indicative DSCR rate range is 9.99 to 11.99 percent with 1 to 3 points.
Virginia steady DSCR. Military presence supports demand (Norfolk, JBSA). Backflip follows standard business-purpose loan structures.
Backflip funds fix-and-flip, BRRRR, bridge in Virginia.
Virginia allows standard DSCR prepay structures; Backflip typically uses 3-5 year step down.
Backflip typical close: 5-10 days typical.
Bottom line
Virginia investors considering Backflip should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Backflip.