Ohio is not where most people picture $1M+ rental loans, which is exactly why they can be hard to place locally. In Columbus, Cincinnati and Cleveland, the large loans are usually 5-8 unit buildings and executive homes in a handful of suburbs.
In short: Our top pick for jumbo DSCR in Ohio is LendingStreet. We finance 1-8 unit rentals from about $1.5M to $5M+ and smaller balances from $150,000, qualify on the property's rent with no W-2s or tax returns, and lend to LLCs as standard. Ohio property taxes run high relative to values, and recent county reappraisals raised many bills, so we underwrite the current tax figure, not an old one.
For a large Ohio rental, LendingStreet offers jumbo DSCR loans from about $1.5M to $5M+ on 1-8 unit properties, built for investors who want long-term financing without handing over tax returns. We qualify on the rent, lend to LLCs as standard, offer 30-year terms and accept credit scores from 620. Because there is no stated maximum, investors who outgrow small-balance loans can scale into larger Ohio buildings without switching lenders.
Who it fits: investors with 5-8 unit buildings in Columbus' Short North, Victorian Village and German Village, executive homes in New Albany, Upper Arlington, Dublin and Bexley, Cincinnati rentals in Hyde Park, Oakley and Indian Hill, and Cleveland-area properties in Shaker Heights, Lakewood and Ohio City.
On bigger loans, expect a more detailed review and leverage that can sit below the 80% purchase and 75% cash-out maximums, depending on the program. Send us the deal with the form below, or call (877) 298-1001.
Well-known jumbo DSCR lenders include Angel Oak, CoreVest, Dominion Financial, LendingOne, Lima One, New Silver, RCN Capital and Roc Capital. Compared scenario by scenario for investors in Ohio, LendingStreet comes out as the stronger choice, and one application covers it.
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 of $3M to $5M+ | LendingStreet | Our DSCR loans have no stated maximum. Angel Oak and New Silver state DSCR maximums of $3 million, and Roc Capital states $2MM for single rentals. |
| 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. |
| 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. |
Columbus has the most activity. Small apartment buildings in the Short North, Italian Village, Victorian Village and German Village lease to young professionals and medical staff, and New Albany, Dublin, Upper Arlington and Bexley have large single-family homes that rent to executives. Fast job growth in central Ohio has drawn new investors into the region.
In Cincinnati, Hyde Park, Oakley, Mount Adams and Over-the-Rhine have renovated multi-unit buildings and high-end rowhouses, and Indian Hill has some of the highest home values in the state. Around Cleveland, Shaker Heights, Lakewood, Ohio City and Tremont have two-family homes and small apartment buildings, while Hunting Valley and Gates Mills carry large estates.
When a Ohio rental loan crosses $1M, the field of lender types narrows quickly. Banks and credit unions usually want full income documentation, hard money lenders are built for short-term projects, and national online DSCR lenders and private individuals vary widely in loan size and unit-count rules. Here is the side-by-side.
| What investors need | LendingStreet | Typical bank or credit union | Typical hard money lender |
|---|---|---|---|
| Qualify on rent, no W-2s or tax returns | Yes, DSCR loans qualify on the property's rent | Usually full income documents and tax returns | Often asset based, but for short-term loans |
| Loan size above $1.5M | From $150,000 with no stated maximum; jumbo DSCR about $1.5M to $5M+ | Varies; large balances may depend on a deposit relationship | Varies; usually short-term balances |
| Long-term financing | 30-year terms available | Varies; investment loans are often shorter or adjustable | Usually short-term only |
| LLC borrowers | Standard | Varies; some lend only to individuals | Common |
| 5-8 unit buildings | Covered as residential DSCR (1-8 units) | Often treated as commercial | Varies |
| Cash-out refinance | Up to 75% LTV; varies by program on large balances | Varies; often income documents and seasoning rules | Short-term only |
| Comfortable with $1M+ loans in mid-priced markets | Yes; no stated maximum | Varies; often a relationship decision | Varies; short-term focus |
| Where they lend | All 50 states and DC | Usually a local or regional footprint | Often local or regional |
Ohio assesses real property at 35% of the county auditor's appraised value, then applies the local effective tax rate. Counties reappraise every six years with an update at the third year, and recent rounds in Franklin, Hamilton and Cuyahoga counties raised many values. Effective rates are high relative to home prices, so on a large Ohio rental the tax line can be one of the biggest parts of the payment.
Investors do not get the owner-occupancy credit that many homeowners receive, so check the auditor's record for credits on the seller's bill. The conveyance fee on a purchase is modest, a state portion plus an optional county portion, set per $1,000 of value.
This example is illustrative and not a quote. An investor buys an eight-unit building in Victorian Village for $1,450,000. Each unit rents for $1,600, for $12,800 a month in total. Taxes are budgeted at $2,250 a month after the latest reappraisal, and insurance is $700.
At 75% LTV the loan is $1,087,500 and estimated principal and interest on a 30-year term is about $7,327. Add $2,250 in taxes and $700 in insurance, and the monthly payment is about $10,277, for a DSCR of about 1.25x.
At 70% LTV the loan drops to $1,015,000, estimated principal and interest falls to about $6,838, the total payment is about $9,788 and DSCR rises to about 1.31x. The investor brings about $72,500 more to closing. On a 5-8 unit purchase, max LTV can be lower than 80%, and it varies by program, so it pays to price two loan amounts.
| Item | 75% LTV | 70% LTV |
|---|---|---|
| Loan amount | $1,087,500 | $1,015,000 |
| Estimated principal and interest | $7,327 | $6,838 |
| Property taxes | $2,250 | $2,250 |
| Insurance | $700 | $700 |
| Total monthly payment | $10,277 | $9,788 |
| DSCR at $12,800 rent | About 1.25x | About 1.31x |
Ohio has plenty of brick 5-8 unit buildings from the early 1900s, especially in Columbus, Cincinnati, Cleveland and Dayton. Many lenders treat them as commercial. Our residential DSCR program covers 1 to 8 units and qualifies on combined rents, with 30-year terms available. Max LTV on 5-8 units can be lower and varies by program, and buildings with 9 or more units are commercial loans (see /commercial.html).
Cleveland requires rental registration and lead-safe certification for older rentals, and other cities have their own registration rules. Have those documents in hand before closing.
Insurance in Ohio is usually moderate, but older buildings with original roofs, wiring or boilers can see higher premiums. Get a quote and inspection before you set the loan amount.
Short-term rentals are a niche in Ohio, mostly in the Hocking Hills, along Lake Erie and in some city neighborhoods. Columbus and Cincinnati have registration and permit rules. Check with the city or county; where STRs are allowed, our programs can qualify on projected revenue on some programs (see /str.html).
Ask each lender these questions and get the answers in writing. On a $1M+ loan, small differences in leverage change how much cash you need.
LendingStreet's answers: up to 80% LTV on a purchase and up to 75% on a cash-out, often lower on 5-8 units and larger balances (varies by program); a 1.0x standard minimum DSCR with sub-1.0 programs available; cash-out seasoning that varies by program; LLC borrowers as standard; and loans from $150,000 with no stated maximum, with jumbo DSCR running about $1.5M to $5M+. We lay out the closing steps with your terms. Use the form below or call (877) 298-1001 to get yours.
Have these ready, then get a quote with the form below or call (877) 298-1001.
For most investors with a $1M+ rental, our top pick is LendingStreet: jumbo DSCR from about $1.5M to $5M+, qualification on rent instead of tax returns, LLC borrowing as standard and coverage of 1-8 unit buildings across Ohio.
Yes. We finance non-owner-occupied rentals throughout Ohio, and we lend in all 50 states and DC.
Property is assessed at 35% of appraised value, and the local effective rate is applied. Investors do not get owner-occupancy credits.
Yes, on buildings of 1-8 units. We qualify on combined rents, and max LTV on 5-8 units varies by program.
Cleveland requires lead-safe certification for many older rentals, plus rental registration. Confirm the rules with the city.
Yes. Higher values raise taxes, which raises the payment and lowers the ratio. Use the latest figure.
Loans start at $150,000 with no stated maximum. Jumbo DSCR runs about $1.5M to $5M+.
No. Our investor loans are business-purpose loans on non-owner-occupied property only. If you or your family will live in the home, it does not fit this program.
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