The FLEX Program™
USVI DSCR LoansShort-Term Rental & Investor Mortgage Solutions
The Virgin Bay Advantage
Qualify on the Cash Flow of the Property
Investing in USVI real estate—whether a tropical Airbnb in St. Thomas or a vacation rental in St. John—should not be hindered by personal W-2 income verification or tax return limits. With Virgin Bay Mortgage's FLEX program, we evaluate the deal based on the cash flow of the property itself. Because our underwriting team understands Caribbean rental markets, seasonal occupancy, and local management costs, we provide fast, flexible approvals stateside banks cannot match.
Local Expertise
Deep roots in the USVI market and an understanding of island properties.
In-House Underwriting
Every step under one roof for faster approvals and fewer delays.
Local Loan Servicing
We keep servicing your loan after closing, so you always deal with us.
How DSCR Loans Work in the Virgin Islands
Property Income Qualification
If the projected or actual gross rental income covers the monthly mortgage debt (typically a DSCR ratio of 1.0 or higher), you qualify—no personal debt-to-income (DTI) calculations required.No Personal Tax Returns or W-2s
Keep your personal financial records separate from your investment portfolio.Close in an LLC
Protect your assets by closing directly under your business entity or LLC.Flexible Property Types
Eligible for single-family rental homes, multi-family properties, non-warrantable condos, and condo-tels across St. Thomas, St. Croix, and St. John.
Eligible Investment Property Types
- Short-Term Rentals (Airbnb / VRBO properties)
- Long-Term Residential Rentals
- Single-Family Investment Homes & Villas
- 2-4 Unit Multi-Family Properties
- Warrantable & Non-Warrantable Condominiums
Let Your Rental Income Do the Qualifying
Talk with a local loan officer who knows the USVI market. We respond within 24 hours.
Explore More
More FLEX Program™ Loans
Bank Statement Loans
Heavy tax deductions shouldn't stop you from buying a home in the Virgin Islands. We verify your income using 12 to 24 months of bank statements instead of tax returns.
Learn moreAsset Depletion Loans
For retirees, trust beneficiaries, or luxury buyers. We calculate a qualifying income stream directly from your liquid assets so you don't have to liquidate your portfolio to buy your island home.
Learn moreJumbo Loans
Some island properties easily exceed the conforming loan limits from Fannie Mae or Freddie Mac. As part of the FLEX Program™ we offer loans up to $2M requiring only 30% down.
Learn moreCommercial Loans
Expanding your portfolio? We offer commercial financing up to $2M for retail, office spaces, and 5+ unit multi-family apartment buildings across the territory.
Learn moreLLC Closings
One of the major advantages of the FLEX Program™ is the ability to close in an LLC, which may be more cost effective than closing in your name and transferring the property later.
Learn moreCondo-Tels & Non-Warrantable Condos
Specialized FLEX portfolio lending designed to finance USVI condo-tels and non-warrantable condominiums that traditional mainland banks treat as commercial properties.
Learn more
1-340-714-0033
contact@virginbay.com
A2-7, Red Hook Quarters, 6100, No. 2 Suite, St. Thomas, 00802
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
1-340-714-0033
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
Get Started Today
Contact our team of experts for personalized advice. Guaranteed to respond within 24 hours.
Local, Experienced, Trustworthy Advice For The USVI Mortgage Market
Loan Programs
Location & Hours
6100 Red Hook Quarters
Suite A2-7
St. Thomas, VI. 00802
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
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