DSCR loans in Ohio
Qualify on the property's rent, not your income. Up to 85% LTV for U.S. residents, 70% for foreign nationals.
Term sheet the same business day. Flipping? Fix-and-flip loans statewide.
Ohio rental markets at a glance
Typical home value and rent by metro, with the gross rent yield: a year of rent divided by the value.
Higher yield means less money down to reach a 0.8 DSCR, where the best pricing starts. Each link opens the DSCR calculator with that market's numbers.
| Metro | Typical home value | Typical rent | Gross yield | Down for best pricing | |
|---|---|---|---|---|---|
| Cleveland | $250,000 | $1,440/mo | 6.9% | 25% | Run the DSCR |
| Akron | $240,000 | $1,310/mo | 6.6% | 30% | Run the DSCR |
| Cincinnati | $306,000 | $1,520/mo | 6.0% | 35% | Run the DSCR |
| Columbus | $327,000 | $1,520/mo | 5.6% | 40% | Run the DSCR |
Metro-level typical values and rents, September 2026. The down payment column and the calculator link assume a 7.5% rate, a 30-year payment and $1,800 a year insurance. Change them to match your deal.
Ohio property taxes and your DSCR
Ohio has one of the higher effective property tax rates: 1.36% of value a year (2024), ranked 8th among the states.
Taxes are part of the DSCR payment, so they weigh more on the ratio here than in most states.
On a $327,000 rental, 1.36% is about $4,447 a year, or $371 a month added to the payment the rent has to cover.
The actual bill depends on the county and city. Use the property's real tax figure when you run the numbers.
What Ohio investors should know
Landlord rules worth knowing
A landlord must deliver an itemized written notice of any deductions, with the balance of the security deposit, within 30 days after the lease ends and the tenant returns possession. The tenant must give a forwarding address in writing.
Before filing an eviction, the landlord must serve a notice to leave at least three days in advance, using wording set by statute.
Source: Ohio Revised Code 5321.16 and 1923.04Foreclosure is judicial
In Ohio, the sale of a foreclosed property is ordered by the court with jurisdiction, so foreclosures go through the courts.
That makes them slower than in non-judicial states, which adds timeline risk for lenders.
Source: Ohio Revised Code 2323.07Transfer fees at closing
The county auditor charges a conveyance fee of 10 cents per $100 of value on most deeds, with a $1 minimum. Each county may add a real property transfer tax of up to 30 cents per $100.
The county transfer tax is levied on the grantor (the seller) and paid to the auditor before the deed is recorded.
Source: Ohio Revised Code 319.54 and 322.02Values are reappraised every six years
Every Ohio county reappraises all real property once in each six-year period, under the direction of the state tax commissioner.
Taxable value is a percentage of true value set by rule, capped at 35%. Check when the county is next due: a reappraisal can change the tax in the DSCR payment.
Source: Ohio Revised Code 5715.33 and 5715.01Ohio DSCR loan rates
Rates from 6.172%*, the same as nationwide. Rates move with the market, so the reliable number is a priced quote on your property.
Your DSCR, credit score, LTV, prepayment penalty and loan size move the rate most. In Ohio, the property tax bill above feeds straight into the DSCR.
This week's DSCR loan rates* This may be for the strongest files, sometimes with a buydown. Subject to underwriting. Terms as of November 2026.
Ohio DSCR loan requirements
- A Ohio rental, long-term or short-term, not a home you live in
- DSCR of 0.75 or higher, 0.8 or higher for the best pricing
- Up to 85% LTV on a purchase for U.S. residents, 70% for foreign nationals
- Rent from the current lease, or the appraiser's market rent
- No tax returns, W-2s or pay stubs
- Close in your name or an LLC
Loans for Ohio investors
- DSCR rental loans: up to 85% LTV purchase, 70% cash-out, 30-year fixed or interest-only
- Fix and flip (hard-money): up to 90% of purchase and 100% of rehab, capped at 75% of ARV
- Bridge loans: up to 70% LTV, 7-14 days to close
- Foreign nationals: every program, no SSN or U.S. credit, close in a U.S. LLC
Ohio DSCR loan questions
What are DSCR loan requirements in Ohio?
The same as nationwide. Best pricing at a DSCR of 0.8 or higher. Minimum 0.75 with a pricing adjustment.
Up to 85% LTV on a purchase for U.S. residents. Credit and reserves are priced in. No tax returns.
Do Ohio property taxes hurt my DSCR?
They lower it: taxes are part of the payment the rent must cover, and Ohio's effective rate ranks 8th highest. Use the actual county tax bill in the DSCR calculator, not a national average.
Who pays the Ohio real property transfer tax?
The county transfer tax is levied on the grantor, so the seller pays it before the deed is recorded. Counties can set it at up to 30 cents per $100 of value.
Sources
General information, not legal or tax advice. Loan terms are subject to underwriting.