New Silver for Virginia investors
New Silver is a tech-forward non-QM lender with fast underwriting and accessible minimum loan sizes that suit newer investors.
Virginia context
Virginia steady DSCR. Military presence supports demand (Norfolk, JBSA).
How New Silver positions in Virginia
Within Virginia, New Silver competes alongside other DSCR lenders. New Silver strengths: tech-driven fast underwriting, low minimum loan sizes. The medium aggregate DSCR economics of Virginia create demand for New Silver programs in Virginia Beach and Richmond particularly.
City-level coverage in Virginia
New Silver 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. New Silver 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, rental, bridge |
| Loan size | $100K - $3.0M |
| Rates | 9.5%-11.75% |
| Points | 1 - 3 |
| Max LTV | 85% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 5-14 days typical |
| Virginia property tax | 0.9% |
| Virginia state income tax | 5.75% |
New Silver strengths in Virginia
- tech-driven fast underwriting
- low minimum loan sizes
- BRRRR-friendly
Ideal borrower: Newer-to-mid investor with smaller deal sizes
FAQ
Yes, operates nationally including Virginia. New Silver is based in West Hartford, CT and operates nationally.
Virginia Beach is the top investor market in Virginia and falls within New Silver national coverage. Virginia Beach property tax follows the Virginia state rate of 0.9 percent. New Silver 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 New Silver. Submarket variation within Richmond matters for property selection.
New Silver 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 New Silver program.
New Silver indicative DSCR rate range is 9.5 to 11.75 percent with 1 to 3 points.
Virginia steady DSCR. Military presence supports demand (Norfolk, JBSA). New Silver follows standard business-purpose loan structures.
New Silver funds fix-and-flip, BRRRR, rental, bridge in Virginia.
Virginia allows standard DSCR prepay structures; New Silver typically uses 3-5 year step down.
New Silver typical close: 5-14 days typical.
Bottom line
Virginia investors considering New Silver should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with New Silver.