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DSCR loans in Ohio

Quick answer

DSCR loans in Ohio qualify investors on a property's rental income instead of personal income, typically with 20%–25% down and a 660+ credit score.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

DSCR loan snapshot for Ohio

ItemEstimate
Minimum down payment20%–25%
Minimum credit score660–700
Typical OH home value$199,200
3.5% down on typical home$6,972
20% down on typical home$39,840
Avg. effective property tax1.36%/yr (~$226/mo)
Income for typical home (31% rule)$65,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Ohio programs pair with DSCR loans?

  • Your Choice! Down Payment Assistance: Forgivable assistance worth a percentage of the purchase price.
  • Ohio Heroes: A reduced rate for veterans, active military, first responders, teachers and healthcare workers.

Details and current limits: Ohio Housing Finance Agency (OHFA).

How is DSCR calculated?

Lenders divide the property's market rent (from an appraiser's rent schedule or an existing lease) by the full monthly payment: principal, interest, taxes, insurance and any HOA dues. Example: $2,400 rent ÷ $2,000 payment = 1.20 DSCR.

Typical DSCR loan requirements

  • Down payment: 20%–25% (sometimes 15% for strong files).
  • Credit: 660–700 minimum.
  • Reserves: commonly 3–12 months of payments.
  • Property types: 1–4 unit homes, condos and townhomes; some lenders allow short-term rentals.

DSCR loans in Ohio cities

ColumbusClevelandCincinnatiToledoAkronDaytonParmaCantonLorainHamiltonYoungstownSpringfieldKetteringElyriaCuyahoga FallsMiddletownNewarkLakewoodDublinEuclidMansfieldMentorBeavercreekStrongsvilleCleveland HeightsFairfieldHuber HeightsDelawareGrove CityReynoldsburgLancasterFindlayWarrenWestervilleHilliardUpper ArlingtonNorth RidgevilleMarionGahannaLimaBrunswickMasonFairbornStowWestlakeMassillonNorth OlmstedNorth RoyaltonAustintownBowling GreenGarfield HeightsShaker HeightsGreenKentWoosterTroyMarysvilleMedinaXeniaAvon LakeAvonPerrysburgBarbertonCentervilleSanduskyZanesvilleRiversideWadsworthSolonWilloughbyPickeringtonMaple HeightsAthensTrotwoodHudsonOxfordChillicotheSouth EuclidAllianceRocky RiverLebanonParma HeightsPiquaSidneyPainesvilleMayfield HeightsForest ParkWhitehallMiamisburgOregonBroadview HeightsSpringboroTwinsburgSylvaniaNorwoodAshlandWhite OakTallmadgeBrook ParkBereaNilesSteubenvillePataskalaAshtabulaPortsmouthTiffinNorth CantonNew PhiladelphiaEastlakeStreetsboroAuroraNorwalkFairview ParkDefianceMount VernonBay VillageFremontMiddleburg HeightsVandaliaMonroeWorthingtonWashington Court HousePowellWillowickCirclevilleBellefontaineSharonvilleLyndhurstBeachwoodBridgetownNew FranklinMaumeeEast ClevelandBrecksvilleWarrensville HeightsUniversity HeightsHarrisonEnglewoodBlue AshBexleyTrentonMariettaLovelandClaytonDoverWest CarrolltonBedfordAmherstGreenvilleFostoriaWickliffeWilmingtonAmeliaConneautMonfort HeightsMacedoniaDentFinneytownSalemFranklinSeven HillsBucyrusNortonMackRavennaForestvilleBrooklynUrbanaCoshoctonCelinaSpringdaleBedford HeightsMontgomeryShilohNorthbrookVan WertRichmond HeightsIrontonHeathNew AlbanyReadingVermilionLondonGalionTipp CityCambridge

Frequently asked questions

Yes. DSCR loans are available statewide in Ohio through approved lenders, subject to county loan limits where they apply.

Often yes. Ohio Housing Finance Agency (OHFA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Ohio.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.