Deephaven Mortgage for West Virginia investors
Deephaven Mortgage is a broker-only DSCR lender with a 660 minimum credit score and a firm 1.00 minimum DSCR. Maximum loan size is $2,000,000, with maximum LTV of 80% on purchase/rate-term and 70% on cash-out refinance. The company does not publish minimum loan size, rate, or state-coverage figures in the sources reviewed.
West Virginia context
West Virginia deep cash flow market. Low entry prices.
How Deephaven Mortgage positions in West Virginia
Within West Virginia, Deephaven Mortgage competes alongside other DSCR lenders. Deephaven Mortgage strengths: 1.00 minimum DSCR, Broker-only origination. The high aggregate DSCR economics of West Virginia create demand for Deephaven Mortgage programs in Charleston and Morgantown particularly.
City-level coverage in West Virginia
Deephaven Mortgage provides DSCR coverage across West Virginia metros including Charleston, Morgantown, and Huntington. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Deephaven Mortgage program terms apply uniformly across West Virginia metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | — - $2.0M |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| West Virginia property tax | 0.6% |
| West Virginia state income tax | 5.12% |
Deephaven Mortgage strengths in West Virginia
- 1.00 minimum DSCR
- Broker-only origination
- Maximum loan size $2,000,000
- 70% LTV on cash-out refinance
Ideal borrower: Broker-originated borrower with a fully qualifying 1.00+ DSCR.
FAQ
Likely; verify direct West Virginia coverage. Deephaven Mortgage is based in an undisclosed location and operates in states not publicly disclosed.
Charleston is the top investor market in West Virginia and is generally within Deephaven Mortgage states not publicly disclosed footprint. Charleston property tax follows the West Virginia state rate of 0.6 percent. Deephaven Mortgage typically underwrites Charleston acquisitions at standard rate sheets.
Yes. Morgantown ranks among the larger West Virginia investor metros and sees consistent DSCR loan volume from Deephaven Mortgage. Submarket variation within Morgantown matters for property selection.
Deephaven Mortgage applies the same rate sheet across West Virginia metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Charleston, Morgantown, and Huntington all qualify for the same Deephaven Mortgage program.
Deephaven Mortgage does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
West Virginia deep cash flow market. Low entry prices. Deephaven Mortgage follows standard business-purpose loan structures.
Deephaven Mortgage funds rental DSCR in West Virginia.
West Virginia allows standard DSCR prepay structures; Deephaven Mortgage typically uses 3-5 year step down.
Deephaven Mortgage typical close: Not publicly published.
Bottom line
Deephaven Mortgage in West Virginia works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Deephaven Mortgage.