Investment property improvement lenders in Richmond city, Virginia
Fat Boy Data analyzed investment home improvement loan activity in Richmond city, Virginia to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 193 applications were decided by 49 lenders between 2023 and 2025.
Richmond city at a glance
How Richmond city compares
What the data shows
Strategic Funding, LP made the most investment home improvement loans in Richmond city, VA, 23 of them.
That is 26% of every investment home improvement loan originated here, so this market is unusually concentrated in one lender.
Strategic Funding, LP approved the highest share of applications among lenders with at least 20 decisions here, 45% of 51.
Lenders approved 50.8% of investment home improvement loan applications in Richmond city, VA, 7.0 percentage points above the Virginia rate of 43.8%.
The typical investment home improvement loan here is $165K, 94% larger than the Virginia typical of $85K.
No lender with a meaningful sample here has a typical investment home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.
Investment property improvement lenders in Richmond city
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | Strategic Funding, LP | 45% | 23 / 51 | 100% | $235K | 23 |
| 2 | Navy Federal Credit UnionLimited sample | 22% | 4 / 18 | 100% | $85K | 4 |
| 3 | Truist BankLimited sample | 10% | 1 / 10 | 0% | — | 0 |
| 4 | Bank of America, National AssociationLimited sample | 0% | 0 / 10 | — | — | 0 |
| 5 | Deephaven Mortgage LLCLimited sample | 86% | 6 / 7 | 100% | $115K | 6 |
Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.
Fat Boy found 44 more lenders.
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