What is a good DSCR ratio?

Most lenders want a DSCR of at least 1.0, meaning the property's income covers the debt payments. A DSCR of 1.25+ gets you better rates and terms.

Can I get a DSCR loan with no money down?

No. DSCR loans typically require 20-25% down. Some lenders may accept cross-collateralization to reduce cash needed.

Do DSCR loans show on my credit report?

It depends on the lender. Some report to credit bureaus, others don't. Ask your lender before closing.

Can I use a DSCR loan for a short-term rental?

Yes. Many DSCR lenders accept Airbnb/VRBO income. They typically use projected rental income from platforms like AirDNA or actual booking history.

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DSCR Loans in Cleveland, OH

Find lenders offering dscr loans in the Cleveland, including Akron, Lakewood, Parma, and surrounding areas. Compare rates, terms, and programs from 42 lenders.

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Lenders

Typical Rate

7.0% - 9.5%

Down Payment

20-25%

Term

30 years

Closing Time

2-4 weeks

DSCR Lenders Serving Cleveland

42 lenders offering dscr loans in the Cleveland, OH area.

CrossCountry Mortgage

Local

Cleveland, OH

Large national lender offering DSCR, bank statement, and non-QM mortgage products alongside conventional and government loans.

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A&D Mortgage

Fort Lauderdale, FL

Wholesale non-QM lender. DSCR loans with 0 minimum DSCR, 80% max LTV, min FICO 620.

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Angel Oak Mortgage Solutions

Atlanta, GA

Major non-QM and DSCR lender. Investor cash flow loans up to $1.5M. 40-year terms with interest-only options. No limit on properties.

$100K – $2M

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Civic Financial Services

Redondo Beach, CA

Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.

$100K – $5M

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CoreVest Finance

Irvine, CA

Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.

$200K – $50M

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Defy Mortgage

DSCR lender with flexible terms. Accepts DSCR as low as 0.75 or no ratio. Up to 85% LTV on SFR purchases. Available in 35+ states.

$100K – $3M

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Easy Street Capital

Austin, TX

Investment property lender specializing in fix-and-flip, bridge, and DSCR rental loans. Loans approved in 24 hours, close in 48 hours. Min credit score 600.

$75K – $5M

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Griffin Funding

Nationwide DSCR lender. No income verification, DSCR as low as 0.75. Up to $5M loan amounts. Also offers VA, conventional, and non-QM loans.

$100K – $5M

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JMAC Lending

DSCR loans available in select states. Min DSCR 0.75, max LTV 75%, min FICO 660-700.

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Kiavi

San Francisco, CA

Technology-driven lender (formerly LendingHome). $16B+ in loans funded. DSCR rental loans and bridge loans for fix-and-flip.

$100K – $3M

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Lending One

Boca Raton, FL

National direct lender for real estate investors. Fix-and-flip, bridge, and 30-year DSCR rental loans. $5B+ in originations.

$75K – $5M

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Lima One Capital

Greenville, SC

Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.

$75K – $5M

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New Silver Lending

Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.

$100K – $5M

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North American Savings Bank

Kansas City, MO

Offers 11 types of non-QM loans including bank statement, asset depletion, DSCR, and bridge. 100,000+ mortgages closed since 2010, $30B+ loaned.

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RCN Capital

South Windsor, CT

Nationwide private lender for fix-and-flip, bridge, and rental loans. Fast closings and flexible terms.

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Cleveland Commercial Real Estate Market

Cleveland's CRE market is defined by its healthcare and advanced manufacturing strengths, with the Cleveland Clinic and University Hospitals together forming one of the largest medical employment clusters in the country. The Health-Tech Corridor along Euclid Avenue from downtown through University Circle has attracted life sciences startups, medical device companies, and research facilities, creating a specialized submarket with growing lab and R&D space demand. The downtown core has seen meaningful residential conversion activity in the Warehouse District and East 4th Street area, while the lakefront around North Coast Harbor is positioned for long-term redevelopment. The I-77 and I-480 corridors through Independence and Brecksville form the primary suburban office submarket, while industrial demand remains anchored by the steel, polymer, and automotive supply chain along the I-90 corridor east toward Mentor.

Key Economic Drivers

●Cleveland Clinic's global healthcare operations and research campus driving medical office and life sciences demand
●NASA Glenn Research Center and its aerospace technology cluster supporting specialized industrial tenants
●KeyBank and Progressive Insurance headquarters sustaining downtown and suburban office absorption
●Port of Cleveland and steel/polymer manufacturing base generating industrial CRE demand along the I-90 corridor

Market Insight

Ohio's Historic Preservation Tax Credit program, which offers a 25% state credit on qualified rehabilitation expenditures, has been particularly impactful in Cleveland, where over $5 billion in historic building rehabilitations have been completed in the downtown and University Circle areas.