A DSCR loan in Ohio is sized on the property's rent against its full monthly payment — principal, interest, taxes, insurance and any HOA. The program does not change by state; what changes is the tax and insurance line inside that ratio, the closing table and the legal process behind the lien. Here is what is specific to Ohio.
Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.
Loan amounts
$200K – $10M
Rates from
5.75%
Max LTV
80% purchase · 75% cash-out
Amortization
30-year
Minimum DSCR
1.00
Qualifies on
Property rent, not personal income
WHAT IS SPECIFIC TO OHIO
Ohio facts that touch this loan
Foreclosure. Ohio is listed as a judicial-foreclosure jurisdiction: the lender files in court and a judgment precedes the sale. Court calendars, not the deed of trust, set the pace, so distressed-asset timelines in Ohio run longer than in power-of-sale states. ORC 2323.07 requires the court with jurisdiction to order sale on mortgage foreclosure. [1][2]
County transfer tax. ORC 322.02 allows a county deed transfer tax of up to $0.30 per $100 or fraction and charges it to the grantor. This is the optional county component, not the entire conveyance charge. [3]
Sale-price evidence. ORC 5713.03 permits the county auditor to consider a recent arm’s-length sale price as true value for taxation. It does not require every sale to trigger an automatic purchase-price reset. [4]
Title settlement protection. ORC 3953.32 requires an offer of closing or settlement protection when a title policy is ordered, covering specified title-agent misconduct and failures to follow agreed instructions. This protection is distinct from legal advice. [5]
Passive ownership exception. ORC 1706.512 excludes owning real or personal property from transacting business. Ask counsel whether the proposed rental operations involve activities beyond that ownership exception. [6]
Nonpayment possession notice. ORC 1923.04 generally requires a notice to leave at least three days before filing a possession action. Residential notices must include the statutory warning; this is a notice to leave, not a statutory three-day cure right. [7]
Columbus STR permit. Columbus requires an STR permit for rentals of all or part of a home for fewer than 30 nights and identifies Chapter 598 as its short-term rental code. Columbus city requirements do not extend automatically to neighboring municipalities. [8]
Foreign LLC registration filing fee. Ohio SOS Form 617, Registration of a Foreign Limited Liability Company, states a $99 filing fee. Optional expedited-service charges are additional, not part of the base filing fee. [9]
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LARGEST METRO AREAS
Where Ohio's population is
By Census Bureau population estimates, Vintage 2025 (July 1, 2025). Silt lends statewide — these markets are not a limit. Metros are ranked by full-area population among those listing this state first in the Census name; Washington is also included for Virginia and Maryland. Interstate totals are not state-only populations. [10]
Cincinnati, OH-KY-IN
Columbus, OH
Cleveland, OH
Dayton-Kettering-Beavercreek, OH
Akron, OH
FAQ
DSCR in Ohio: questions investors ask
Does Silt make dscr loans in Ohio?
Yes. Ohio is one of the states Silt lends in, and the dscr program covers 1–10 unit rentals, long-term or short-term, purchase or refinance.
Is Ohio a judicial or non-judicial foreclosure state?
Ohio is listed as a judicial-foreclosure jurisdiction: the lender files in court and a judgment precedes the sale. Court calendars, not the deed of trust, set the pace, so distressed-asset timelines in Ohio run longer than in power-of-sale states. ORC 2323.07 requires the court with jurisdiction to order sale on mortgage foreclosure.
Do dscr terms change in Ohio?
No. The program terms are the same in every state Silt lends in: loan amounts $200K – $10M; max ltv 80% purchase · 75% cash-out; amortization 30-year; minimum dscr 1.00; qualifies on Property rent, not personal income. The final term sheet reflects the property and the file.
Can I close in an LLC in Ohio?
Every Silt loan closes in an LLC or corporation, never a personal name. ORC 1706.512 excludes owning real or personal property from transacting business. Ask counsel whether the proposed rental operations involve activities beyond that ownership exception.
What closing taxes should I budget in Ohio?
ORC 322.02 allows a county deed transfer tax of up to $0.30 per $100 or fraction and charges it to the grantor. This is the optional county component, not the entire conveyance charge.
Will you pull my credit to quote?
No. Quoting is free and takes no credit pull. Credit is pulled only when you want a written term sheet, and it sets the pricing tier.
Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.