Dominion Financial Services Reviews 2026: DSCR Loan Terms

At a glance

Dominion Financial Services

Verified October 9, 2026

Loan amounts: Not published ($100,000 minimum property value)

Lender type: Direct + broker
Min. credit score: 680 (exceptions to 660)
Max LTV: 80% purchase and rate-term refi; 75% cash-out
Terms: 30-year fixed, 30-year amortization; interest-only on select programs
Properties: 1 to 10 unit residential, short-term rentals, mixed-use (2 to 8 units, 51%+ residential)
States: All states and DC except Nevada

Public reviews

3.9/5 on Trustindex (82 Google + 14 Trustindex reviews) · 96 reviews · as of October 8, 2026

Where our review info comes from

Pros

Publishes its 680 credit floor and 80% / 75% LTV caps
Lends on short-term rentals and buildings up to 10 units
Prepay choices include no penalty, 3-2-1 and 5-4-3-2-1
Borrowers can apply direct or through a licensed broker

Cons

No rates, fees, minimum DSCR or loan sizes published
Does not lend in Nevada
Price-beat guarantee conditions are not published
Cash-out refis usually need 3 to 6 months of seasoning

This page covers Dominion Financial Services LLC, the Baltimore lender to real estate investors at 32 South St (NMLS 898795). The company now goes by Dominion Financial, and its old domain, dominionfinancialservices.com, forwards to dominionfinancial.com. Several unrelated companies also use the Dominion name. A review that mentions Baltimore, 32 South St or dominionfinancial.com is about this lender.

Dominion has lent to investors since 2002. It offers a 30-year DSCR rental loan alongside fix-and-flip, ground-up construction and multifamily bridge loans. This review covers the rental loan.

What borrowers say about Dominion Financial Services

Trustindex collects reviews of dominionfinancialservices.com, 82 from Google and 14 left on Trustindex itself (read October 8, 2026). On that page, 69 reviews give 4 or 5 stars and 27 give 1 or 2. The newest review there is dated March 12, 2026.

The positive Trustindex reviews describe fast closings, a smooth refinance process and loan officers and processors who answered quickly.

The negative reviews repeat a few complaints:

Closings that ran past the date the borrower was given.
Promises or commitments the reviewer says Dominion broke.
Slow replies once a problem came up.
Problems after the loan's servicing was transferred.
An appraisal fee one reviewer says was charged more than once (2022).
One February 2026 review from a broker who says Dominion's pricing for brokered borrowers didn't match its direct terms.

A 2026 BiggerPockets forum thread (topic 1285127) carries the title phrase "5 months of delays, broken commitments." The thread is one borrower's account of a refinance that did not close. We have not reviewed the full thread or any reply from Dominion.

Dominion Financial's direct and white-label broker channels

For most of its history Dominion lent direct to investors. In June 2024 it opened a third-party origination program so licensed mortgage brokers could place DSCR loans with it (HousingWire, June 27, 2024; Mortgage Professional America, July 1, 2024).

Direct. You request a quote at dominionfinancial.com. The DSCR page describes a one-page application and lists the documents it asks for:

proof of insurance
an executed lease
the purchase settlement statement
photo ID
two months of bank statements
entity documents, plus a W-9 if you borrow through a business entity

Through a broker. Brokers need a state mortgage license in good standing. Dominion runs the program as white-label, so the broker's brand stays on communications and documents. Mortgage Professional America reported that origination documents leave out the Dominion name. If your broker is shopping your loan, ask which lender will fund it so you know whose reviews to read.

Every Dominion loan is for business or investment purposes. Its disclosures page says the programs "are not intended for personal, family, or household use."

Dominion Financial's 30-year DSCR loan terms

Dominion's DSCR page and FAQ listed these terms on October 8, 2026.

Item	What Dominion publishes
Credit score	680 minimum; exceptions down to 660
LTV	Up to 80% on purchases and rate-term refis; up to 75% on cash-out. The page adds that "in some cases, higher LTVs may be available."
Term	30-year fixed rate, 30-year amortization, no call
Interest-only	Available on "most" DSCR programs
Rate locks	Available on "most" DSCR programs
Property types	Single-family and 2 to 10 unit residential; short-term rentals; mixed-use with 2 to 8 units, at least 51% residential square footage, and occupied office or retail space. No pure commercial.
Minimum property value	$100,000
Prepayment penalty	Choice of none, 3-2-1 step-down, or 5-4-3-2-1 step-down. Longer prepay terms get better pricing.
Cash-out seasoning	Usually 3 months, up to 6 depending on the loan and borrower. A delayed-purchase option has no seasoning within 6 months of a free-and-clear purchase.
Borrower	LLCs and individuals
States	All states and DC except Nevada
Closing time	"As little as 10 days," from the Express Rental Loans launch on February 2, 2026

Dominion does not publish a minimum DSCR ratio, a minimum or maximum loan amount, reserve requirements, or whether foreign nationals qualify. The DSCR page does not mention portfolio or blanket loans.

Dominion Financial rates and the price-beat guarantee

Dominion does not post DSCR rates or fees. You get pricing by requesting a quote. Its disclosures page says any advertised figure is "a starting point, best-case, or illustrative figure only" and is not guaranteed to any borrower.

The DSCR page advertises a "DSCR Price-Beat Guarantee." Neither that page nor the disclosures page spelled out its conditions on October 8, 2026. If a competing quote is part of your decision, ask Dominion what quote it will match and by how much.

Dominion Financial's DSCR volume and history

Among lenders that sent Scotsman Guide their figures, Dominion ranked third in DSCR volume for 2024 and, by its own release, eighth for 2025. Scotsman's 2025 Top DSCR list shows $390.1 million in 2024 DSCR volume across 1,615 loan units, with DSCR loans making up 56% of Dominion's total volume. Dominion submitted these figures to Scotsman Guide, which asks each lender for a sign-off from its own financial officer.

Dominion's own cumulative numbers have climbed over two years:

June 2024: more than $3 billion across 11,000+ deals (HousingWire). Wade Susini, then Dominion's chief lending officer, told HousingWire the company closed over $50 million a month in investor loans.
April 2025: Dominion announced it passed $4 billion in originations.
October 2026: its site claims $5 billion+ funded, 17,000+ projects and more than 200 staff.

Dominion is privately held. Its About page says it belongs to The Dominion Group, a real estate investment company. Founder Fred Lewis is managing partner, and Jack BeVier, a partner, joined in 2007.

Complaints and licensing

Dominion's licensing page says the company "is licensed or exempt from licensing in all states, except Nevada." Licenses it lists include a Florida mortgage lender license (MLD1796), a Pennsylvania mortgage lender license (104295) and a California finance lender and broker license (60DBO 91679).

Our web searches on October 8, 2026, found no public enforcement action naming Dominion Financial Services LLC. The CFPB's complaint search was unavailable to us on October 8, 2026, so no complaint count appears here. The complaints we could find sit in the reviews and forum thread described above.

Which rental deals Dominion's terms cover

Dominion's published terms cover:

investors with a 680+ credit score, or 660 with an exception
rentals from one unit up to 10 units, including short-term rentals
borrowers who want a 30-year fixed loan and a choice of prepay structure, including none
brokers' clients, since Dominion now takes broker submissions

They exclude:

property in Nevada
credit below 660
pure commercial property
a cash-out refinance on a property you have owned less than three months, unless it fits the delayed-purchase option

Questions borrowers ask about Dominion Financial

Is Dominion Financial Services legit?

Dominion Financial Services LLC has lent to real estate investors from Baltimore since 2002. It holds NMLS ID 898795 and says it is licensed or exempt in every state except Nevada. Scotsman Guide's 2025 report ranked it third among DSCR lenders by 2024 volume.

Are Dominion Financial and Dominion Financial Services the same company?

Yes. Dominion Financial Services LLC markets itself as Dominion Financial, and dominionfinancialservices.com forwards to dominionfinancial.com.

What FICO score does Dominion Financial want on a rental loan?

Dominion's DSCR FAQ lists a 680 minimum, with exceptions as low as 660.

Does Dominion Financial lend on short-term rentals and 5+ unit buildings?

Yes to both. Its FAQ says short-term rentals qualify, and the 30-year DSCR program goes up to 10 units.

Can I get a Dominion Financial loan through my mortgage broker?

Yes. Since June 2024 licensed brokers can submit DSCR loans to Dominion. The program is white-label, so your documents may show your broker's brand instead of Dominion's.

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Where our review info comes from

DSCRQuote.com (same owner as ConsumerAdviser) pay us. Payment doesn't change what we write about any company, including Dominion Financial Services.

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Dominion Financial Services Reviews 2026: DSCR Loan Terms