Ohio is one of the most active buy-and-hold states in the country, with affordable homes and doubles in Columbus, Cleveland, Cincinnati, Dayton, Akron and Toledo. Many of those deals start with a rehab loan and end with a rate-and-term refinance.
In short: Our top pick for a DSCR rate-and-term refinance in Ohio is LendingStreet, because it qualifies on the property's rent with no W-2s or tax returns, goes up to 80% LTV on some rate-and-term programs, and handles the doubles, triplexes and small multifamily that make up much of Ohio's rental stock. DSCR loans start at $150,000 with no stated maximum, use a 1.0x standard DSCR minimum with sub-1.0 options, and require a 620 minimum credit score. Every loan is a business-purpose loan on non-owner-occupied investment property.
LendingStreet offers DSCR rate-and-term refinances for 1-8 unit residential investment property in Ohio. The loan is sized on the property's rent, not your personal income, so there are no W-2s or tax returns to qualify. Rate-and-term refinances go up to 80% LTV on some programs, and the exact figure varies by program, property type and balance. 30-year terms are available and LLC borrowers are standard.
It fits investors holding single-family homes, doubles and 3-8 unit buildings in Columbus, Cleveland, Cincinnati, Dayton, Akron, Toledo, Youngstown and Canton who want to pay off a hard money loan, a bridge loan, a bank balloon or a higher-cost loan.
Ready to price your refinance? Use the form below or call (877) 298-1001.
Investors searching for DSCR refinance lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Ohio. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| Credit score in the 620s | LendingStreet | Our DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Most Ohio investors compare four kinds of lenders when a short-term loan comes due. The other columns describe common patterns, not rules, and any single lender may differ.
The short version: LendingStreet is built for investors who want a long-term loan sized on rent, not on a tax return.
| What investors need | LendingStreet | Local bank or credit union | Typical hard money or bridge lender | Typical national online DSCR lender |
|---|---|---|---|---|
| How you qualify | Property's rent; no W-2s or tax returns | Often requires tax returns and personal income | Based on the deal; long-term qualifying not offered | Usually rent-based; varies |
| LLC borrowing | Standard | Varies | Common | Varies |
| Units | 1-8 units residential | Varies | Varies | Often 1-4 units |
| Bridge, rehab and DSCR together | Yes | Sometimes | Usually short-term only | Usually DSCR only |
| Coverage | All 50 states and DC | Usually local or regional | Usually local or regional | Varies by state |
| Leverage on a refinance | Up to 80% on some programs | Varies by bank | Not designed for long-term refinancing | Varies |
| Term | 30-year terms available | Often shorter terms or balloons | Usually short-term only | Often 30-year; varies |
| DSCR minimum | 1.0x standard; sub-1.0 programs | Varies | Not applicable | Varies |
Ohio's older cities have a deep supply of pre-war homes and side-by-side or up-and-down doubles. Investors buy them below replacement cost, renovate with a short-term loan and lease them, then refinance into a long-term loan. That buy, rehab, rent and refinance pattern is common in Cleveland's west side, Columbus's near east and south sides, and Dayton and Akron.
Columbus has the strongest growth, with newer suburbs such as Grove City, Hilliard and Reynoldsburg alongside older city neighborhoods. Cincinnati adds hillside multifamily in neighborhoods like Northside and Price Hill.
Lower prices mean investors should check that each loan clears the $150,000 minimum. Doubles and small multifamily often reach it more easily than a single low-priced house.
Ohio property taxes are moderate to high relative to home values, and counties reappraise on a six-year cycle with an update in between. Many counties saw large value increases in recent updates, so use the current bill.
The conveyance fee is charged on sales and set by county, and it does not usually apply to a refinance. Ask your title company if you are moving title into an LLC.
Several Ohio cities have rental rules that matter at refinance time. Cleveland and Toledo have lead-safe requirements for many older rentals, and several cities require rental registration. Keep certificates and registrations current, since a lender or appraiser may ask.
This example is illustrative and not a quote. An investor owns a side-by-side double in Columbus, bought with a hard money loan and renovated. The property now appraises at $300,000 and the hard money loan payoff is $214,000. Adding estimated closing costs of $7,000, the new DSCR loan is $221,000, about 73.7% LTV, under the 80% rate-and-term maximum available on some programs (which would be $240,000).
On a 30-year term, estimated principal and interest is about $1,470 a month. Taxes add about $433 and insurance about $133, for a total monthly payment of about $2,036. With $2,550 a month in rent, DSCR is about 1.25x, which clears the 1.0x standard minimum.
Change any one input, such as the tax bill or insurance premium, and the ratio moves. The DSCR calculator lets you test your own figures before you apply.
| Item | Amount |
|---|---|
| Appraised value | $300,000 |
| Hard money loan payoff | $214,000 |
| Estimated closing costs | $7,000 |
| New DSCR loan | $221,000 |
| Loan-to-value | About 73.7% |
| Monthly rent | $2,550 |
| Estimated principal and interest | $1,470 |
| Taxes (monthly) | $433 |
| Insurance (monthly) | $133 |
| Total monthly payment | $2,036 |
| DSCR | About 1.25x |
The right questions make lenders easy to compare.
LendingStreet's answers, in order: up to 80% LTV on some programs; 1.0x standard minimum DSCR, with sub-1.0 programs; seasoning varies by program; LLC borrowing is standard; timing depends mostly on the appraisal, title and a complete file; and there is no stated maximum, with jumbo DSCR for about $1.5M to $5M+ and max LTV that varies by program on larger balances and 5-8 unit buildings.
Seasoning is how long you have owned the property before the refinance, and it varies by program. Some programs can use the current appraised value after a renovation, while others look at your purchase price plus documented improvements for a period of time. Ask before you set a timeline, especially if a short-term loan is near maturity.
Give yourself room. A refinance that starts 60 to 90 days before maturity leaves time for the appraisal, title work and any questions about leases.
If you also want to pull equity out, that is a cash-out refinance, which goes up to 75% LTV. A rate-and-term refinance pays off the existing loan and closing costs.
Have these ready, and then use the form below or call (877) 298-1001 to get terms.
We recommend LendingStreet as the top pick in Ohio: rent-based qualifying with no tax returns, up to 80% LTV on some rate-and-term programs, 30-year terms and standard LLC borrowing from one investor lender.
Yes. LendingStreet lends on investment property throughout Ohio and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
Rate-and-term pays off the current loan and closing costs and changes the structure, such as moving from a short-term loan to a 30-year term. LendingStreet goes up to 80% LTV on some rate-and-term programs. Cash-out, which puts equity in your pocket, goes up to 75% LTV.
Yes. Many investors use a LendingStreet DSCR rate-and-term refinance to pay off hard money, bridge or rehab loans, bank balloons and other higher-cost loans once the property is leased. Seasoning varies by program.
LendingStreet's standard minimum is 1.0x, where rent equals the full payment with taxes, insurance and any HOA dues. Sub-1.0 programs are available, and borrowing a little less also lifts the ratio.
620 is the minimum. Above that, credit and LTV both affect pricing, and income is measured by the property's rent rather than your tax returns.
They can. Cleveland and Toledo have lead-safe requirements for many older rentals, and other cities have their own registration rules. Keep certificates and registrations current, because a lender or appraiser may ask for them.
No. Every LendingStreet loan is a business-purpose loan on non-owner-occupied rental property of 1 to 8 units.
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