Recently Funded DSCR Loan In Richmond, Virginia

Loan Scenario:

This DSCR loan supports a cash-out refinance for a single-family detached property in Richmond, Virginia. Specifically, the home appraised at $217,000, and American Heritage Lending provided a $162,750 loan. As a result, the loan carries a Loan-to-Value (LTV) of 75.00%. Notably, the deal is structured as a True Zero Point Loan. Therefore, the investor accessed equity without paying upfront discount points.

The borrower is an experienced investor. So the goal was to unlock capital while keeping long-term financing stable. Because DSCR approval rests on the property’s cash flow rather than personal income, this structure fit the borrower well. Also, the DSCR of 1.378 confirms a comfortable cash-flow cushion. As a result, the property supports a 30-year fixed-rate loan. Notably, this approach skips tax returns and work history altogether.

Richmond continues to draw steady investor interest across its established neighborhoods. Specifically, the metro has settled into a phase of moderate, sustained price growth. Moreover, demand stays strong as relocators arrive from larger, pricier markets nearby. Consequently, single-family rentals in the area remain well-positioned for reliable, long-term performance.

Overall, this deal shows how American Heritage Lending helps experienced investors put equity to work. Specifically, the True Zero Point structure removed upfront costs at max leverage. As a result, the borrower secured stable payments while freeing up capital. Furthermore, the DSCR program gives investors a clear path to grow a rental portfolio without standard income hurdles.