New Silver for West Virginia investors
New Silver is a tech-forward non-QM lender with fast underwriting and accessible minimum loan sizes that suit newer investors.
West Virginia context
West Virginia deep cash flow market. Low entry prices.
How New Silver positions in West Virginia
Within West Virginia, New Silver competes alongside other DSCR lenders. New Silver strengths: tech-driven fast underwriting, low minimum loan sizes. The high aggregate DSCR economics of West Virginia create demand for New Silver programs in Charleston and Morgantown particularly.
City-level coverage in West Virginia
New Silver 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. New Silver 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 | 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 |
| West Virginia property tax | 0.6% |
| West Virginia state income tax | 5.12% |
New Silver strengths in West 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 West Virginia. New Silver is based in West Hartford, CT and operates nationally.
Charleston is the top investor market in West Virginia and falls within New Silver national coverage. Charleston property tax follows the West Virginia state rate of 0.6 percent. New Silver 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 New Silver. Submarket variation within Morgantown matters for property selection.
New Silver 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 New Silver program.
New Silver indicative DSCR rate range is 9.5 to 11.75 percent with 1 to 3 points.
West Virginia deep cash flow market. Low entry prices. New Silver follows standard business-purpose loan structures.
New Silver funds fix-and-flip, BRRRR, rental, bridge in West Virginia.
West 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
For West Virginia DSCR borrowers, New Silver is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with New Silver.