DSCR Loans in Ohio

Securing funding for real estate investments in Ohio does not have to be complicated. With a DSCR mortgage loan in Ohio, you can expand your portfolio and grow your business. Griffin Funding is a leading DSCR lender in Ohio, and we can help investors of all types diversify their portfolios while avoiding long approval processes.

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Self Employed
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VA Eligible
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Real Estate Investor
Select this option if you invest in income-producing rental properties.


Other
Select this option if none of the other 3 options apply.

What is the loan purpose?



Purchase
A purchase loan can be used to buy a home.


Refinance
A 'rate and term' refinance allows you to improve the terms of your existing mortgage by lowering the monthly payment. A 'cashout refinance' allows you to convert equity into cash.


Home Equity
A home equity loan or line of credit is a 2nd mortgage that allows you to convert equity to cash without having to touch your existing 1st mortgage.

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    Areas We Serve

    Griffin Funding offers DSCR loans throughout the entire state of Ohio. Below are just some of the areas we serve:

    • Toledo
    • Athens
    • Bedford
    • Cheviot
    • Cincinnati
    • Dublin
    • Springfield
    • Akron
    • Cleveland
    • Kirtland Hills
    • Bowling Green
    • Columbus
    • Dayton
    • Shaker Heights
    • The Village of Indian Hill
    • Hunting Valley
    • Bentleyville
    • Marble Cliff
    • Waite Hill

    What Is a DSCR Loan and How Does It Work in Ohio?

    A debt service coverage ratio (DSCR) loan is a financing product designed for real estate investors who want to qualify based on a property’s cash flow rather than personal income. DSCR loans don’t require tax returns, pay stubs, or W-2s, making them an ideal option for self-employed investors or those with high write-offs.

    Instead of traditional income documentation, your DSCR — which is a ratio measuring the cash flow of a property compared to its debts — will serve as the primary consideration when applying. Lenders divide a property’s net income by its debt obligations to calculate a rental property’s DSCR. Use our free DSCR loan calculator to quickly estimate DSCR and see what this type of financing may look like for you.

    Think you qualify for a loan? Contact us today to find out!

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    How Do You Apply for an Ohio DSCR Loan?

    Griffin Funding makes it simple to apply for an Ohio DSCR loan. Just follow these key steps:

    1. Submit an application. Start by filling out an application online or over the phone to provide basic information about yourself and the property you’re interested in purchasing.
    2. Connect with a loan specialist. After submitting your application, one of Griffin Funding’s mortgage specialists will reach out to review your goals and further explain the DSCR loan process.
    3. Provide documentation. Getting approved depends on a borrower’s property income instead of their personal income, requiring us to verify certain information about the property instead of the borrower. This involves submitting details like current lease agreements or projected rental income.
    4. Review loan options. Once we assess your property’s income, we’ll offer loan terms that align with your investment goals.
    5. Close on your loan. After approval, you’ll finalize paperwork and close on your DSCR loan.

    You can also give us a call at (855) 394-8288 to learn more about DSCR loans for investors in Ohio, explore other mortgage programs, or begin the application process.

    Requirements for a DSCR Loan in Ohio

    Qualifying for a DSCR loan in Ohio can be a quick and easy process, provided you meet a few basic requirements.

    • DSCR: Most lenders will require a DSCR of at least 1.0-1.25, with 1.25 being considered an overall good DSCR. However, Griffin Funding will consider a DSCR less than 1. Just keep in mind that the lower your DSCR, the more you will potentially pay in interest or a down payment. Feel free to use our DSCR calculator to estimate your current DSCR.
    • Personal credit: Borrowers should have good overall credit and a high FICO score, as well as a realistic plan for renting out the property. A minimum credit score of 620 is required to be considered, however the average approved borrower has a score of 732. If you’re looking to raise your credit score, learn more about Ohio DSCR loans, or begin building an action plan for a loan approval, download the Griffin Gold app today.
    • Investment property: A property appraisal will be performed to assess its current market value and anticipated rental income. A lender will also look at the local rental market to make sure there is high enough demand to support the property’s gross rental income.
    • Loan amount: DSCR loans in Ohio can provide between $100,000 and $20,000,000 in funding for well-qualified borrowers.
    • Down payment: A minimum down payment of 15% is required, but that number may be higher depending on the applicant’s DSCR, credit score, and other financial factors.

    Reach out to Griffin Funding to learn more about DSCR loan requirements in Ohio.

    Need Financial Assistance? See if you qualify for a loan today!

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    Benefits of Getting a DSCR Loan in Ohio

    Key benefits of DSCR loans in Ohio include the following:

    • Quicker closing times
    • No income verification
    • No limit on the number of properties
    • Credit scores as low as 620 accepted
    • As little as 15% down
    • Ohio DSCR loan interest-only option available
    • Loan amounts up to $20,000,000
    • Close in an LLC

    Begin the application online or request a free quote today!

    Other Non-QM Loans From Griffin Funding

    If you do not qualify for a standard DSCR loan in Ohio, are wondering about other loans for investors, we offer many non-QM loans, including the following:

    • DSCR HELOAN: Tap into the accrued equity of your existing property, using the income it generates to qualify for a DSCR loan. Like with our other non-QM loan offerings, there is no income verification required.
    • Bank Statement Loans: With bank statement loans, you can qualify for a mortgage loan with bank statements. Bank statement loans are ideal for individuals who do not have a regular income, including self-employed individuals, business owners, realtors, and entrepreneurs.
    • Interest-Only Loans: Interest-only loans allow borrowers to pay only interest for the first ten years of the loan, helping them to save money and pay less at the beginning of the loan.
    • Jumbo Loans: With jumbo loans, borrowers can put down as little as 10%, making them an ideal solution for all types of homebuyers who have good credit history. They are also a good option for high-income earners who want to invest their cash in other investments.
    • Asset-Based Loans: Asset-based loans allow borrowers to use their assets to qualify for a loan. With these home loans, the assets are used as income rather than collateral. Borrowers can use any type of investment to secure a loan, including bank accounts, investments, and retirement accounts.
    • Recent Credit Event Loans: Recent credit event loans take into account any recent events that have made it challenging for borrowers to secure a home loan based on impacts on their credit scores. Griffin Funding offers loans for individuals with recent credit events ranging from foreclosure to bankruptcy.
    • Private Money Loans: Private money loans — commonly referred to as hard money loans — enable investors to quickly access short-term financing. Get approved in days rather than weeks for bridge loans, construction loans, and more.

    Work With a DSCR Lender in Ohio

    Griffin Funding helps real estate investors secure loans to purchase properties and expand their portfolios. DSCR home purchase loans in Ohio can help any type of investor purchase property to generate income without the need to provide personal income documentation.

    Whether you are investing in your first property or a seasoned investor, our DSCR loans are designed to help you get your next project up and running quickly, with the flexibility you need. Additionally, we offer DSCR refinance loans for investment properties in Ohio, including rate-and-term and cash-out options.

    Ready to learn more or find out if you qualify for a DSCR loan in Ohio? Contact Griffin Funding today. Even if you don’t qualify, we can help you find another mortgage program based on your unique circumstances. Get started online today.

    Frequently Asked Questions

    Though there are a few minimum requirements to qualify for an Ohio DSCR loan, the process is typically faster and simpler for a DSCR loan versus a conventional loan, especially when you are working with an experienced and trusted DSCR lender like Griffin Funding.

    Whether you are a first-time investor or an experienced real estate professional, you’ll just need the following to get started:

    • Credit score of at least 620
    • Borrowing between $100,000 and $20,000,000
    • Have at minimum 15% down payment
    • The property must undergo an appraisal

    Yes! The DSCR loan program through Griffin Funding is a fantastic option for first-timers looking to create their own real estate investment portfolio — especially those who are self-employed or are otherwise lacking verifiable W-2 income.

    That being said, having some experience in buying or managing rental properties strengthens your application and can help you secure more competitive rates and terms.

    DSCR loan rates in Ohio can be very competitive; however, they are typically still higher than those of conventional loans. The exact DSCR loan rate in Ohio will vary according to several factors, including:

    • Debt service coverage ratio (DSCR)
    • Credit score
    • Pre-payment penalty type
    • DTI ratio
    • Borrower’s real estate investment/management experience
    • Down payment amount
    • Location and condition of property being financing
    • Current market conditions

    At Griffin Funding, we make DSCR loans in Ohio accessible, even if you’re not a conventional borrower. Generally, we accept credit scores as low as 620, and require a minimum 15% down payment based on the property’s DSCR and overall loan profile.

    Higher scores and better DSCR can unlock more competitive rates and flexibility. We focus on rental property performance—not personal income—to qualify borrowers across Ohio’s markets.

    Absolutely. Griffin Funding offers both refinance and cash-out refinance DSCR loan options in Ohio. You can convert an existing rental property into a DSCR loan based on its income, without needing tax returns or traditional income documentation.

    This structure helps investors unlock equity, stabilize cash flow, or lower rates, while retaining the property in an LLC for maximum portfolio flexibility.

    Yes! Griffin Funding extends DSCR loans to short-term rental properties across Ohio, including Airbnbs and VRBO listings. Instead of traditional W-2 income, we underwrite using projected rental income, derived via AirDNA reports, appraiser rent surveys, or current booking history.

    With a short-term rental DSCR loan in Ohio, you’ll enjoy features like interest-only terms, fast approvals, and no income verification, perfect for investors targeting high-demand markets like Columbus, Cleveland, or Cincinnati.