Griffin Funding for Virginia investors
Griffin Funding is a direct hard money and DSCR lender founded in 2013, licensed in 47 states. It lends up to $4.5M in-house with exceptions considered to $20M, and offers a no-ratio DSCR program. Published DSCR rates run 6.1%–7.5%, with a 620 minimum credit score and 0.75 minimum DSCR.
Virginia context
Virginia steady DSCR. Military presence supports demand (Norfolk, JBSA).
How Griffin Funding positions in Virginia
Virginia is well covered by national DSCR lenders, with Griffin Funding as one option. Where Griffin Funding differentiates: In-house lending up to $4.5M, with exceptions considered to $20M. Where it competes: rates 6.1 to 7.5 percent against peer programs.
City-level coverage in Virginia
Griffin Funding 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. Griffin Funding program terms apply uniformly across Virginia metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | — - $5.0M |
| Rates | 6.1%-7.5% |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Virginia property tax | 0.9% |
| Virginia state income tax | 5.75% |
Griffin Funding strengths in Virginia
- In-house lending up to $4.5M, with exceptions considered to $20M
- No-ratio DSCR program available
- Licensed in 47 states
- Direct lender
Ideal borrower: Investor seeking a direct DSCR lender with high in-house loan limits and a no-ratio program for below-market-DSCR properties.
FAQ
Yes, operates nationally including Virginia. Griffin Funding is based in an undisclosed location and operates nationally.
Virginia Beach is the top investor market in Virginia and falls within Griffin Funding national coverage. Virginia Beach property tax follows the Virginia state rate of 0.9 percent. Griffin Funding 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 Griffin Funding. Submarket variation within Richmond matters for property selection.
Griffin Funding 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 Griffin Funding program.
Griffin Funding indicative DSCR rate range is 6.1 to 7.5 percent.
Virginia steady DSCR. Military presence supports demand (Norfolk, JBSA). Griffin Funding follows standard business-purpose loan structures.
Griffin Funding funds rental DSCR in Virginia.
Virginia allows standard DSCR prepay structures; Griffin Funding typically uses 3-5 year step down.
Griffin Funding typical close: Not publicly published.
Bottom line
For Virginia DSCR borrowers, Griffin Funding is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Griffin Funding.