DSCR Loans for Ohio Real Estate Investors
Ohio’s rental market offers solid opportunities. If you’re wondering how to qualify for DSCR loans in Ohio for rental properties, this post will guide you.
What Is a DSCR Loan?
DSCR stands for Debt Service Coverage Ratio. It allows investors to qualify based on rental income instead of personal income or tax returns.
If your rental income covers the mortgage, you can qualify.
Why Use DSCR Loans in Ohio?
Growing rental demand in Cleveland, Columbus, and Cincinnati
No need for W-2s or tax returns
Great for single-family and small multi-family rentals
Popular with investors from Michigan, Pennsylvania, and Kentucky
DSCR Loan Requirements in Ohio
DSCR Ratio: Usually between 1.0 and 1.25 minimum
Credit Score: 620+
Down Payment: 20% or more
Loan Amounts: $100,000 to $2 million+
Eligible Properties: Single-family, duplex, triplex, fourplex
Best Ohio Cities for DSCR Loan Investors
Cleveland: Affordable homes with good rental yields
Columbus: Growing economy and rental demand
Cincinnati: Stable rental market with diverse neighborhoods
How to Qualify for DSCR Loans in Ohio for Rental Properties
Lenders look primarily at your rental income to qualify you for DSCR loans in Ohio. This means less paperwork and no personal income verification, perfect for real estate investors.
