Longleaf Lending Columbus Ohio DSCR Loans

DSCR Loans in Columbus Ohio:
Modern Financing for Investors

Veteran-owned lender, offering investors DSCR Loans in Columbus Ohio for no-income-verification, hassle-free long-term financing.

Modern, long-term financing solutions

Why Choose Longleaf Lending for Your Columbus Ohio DSCR Loan Needs

Crafted with savvy Columbus Ohio investors in mind, our Long-Term DSCR Loans enable wealth building through a diverse portfolio of rental properties. By prioritizing your investment property's rental income and cash flow metrics, we simplify the loan process. As a top DSCR lender, enjoy competitive interest rates starting at 6.5%.

No Income Verification
Our no-income-verification process eliminates traditional barriers, focusing on your investment's cash flow to qualify you for a loan. This DSCR-centered approach ensures a hassle-free experience, catering specifically to real estate investors' unique needs.
Tailored to Investment Goals
Whether you're investing in short-term vacation rentals or long-term leases, our DSCR loans are crafted to align with your strategic investment plans. This versatility ensures that whatever your goals, our financing solutions fit perfectly.
Efficiency and Speed
At Longleaf Lending, we value your time. Our Columbus Ohio DSCR loan application and approval processes are optimized for efficiency, ensuring quick, smooth progress from your initial application to the final funding.
Adaptive Financing Solutions
Our financing options are as diverse as the properties you invest in. We're committed to offering flexible DSCR solutions that accommodate a wide range of property types and investor profiles.

Fast and simple

How Longleaf Lending's DSCR Loans Work

DSCR (Debt Service Coverage Ratio) loans are a type of financing used by real estate investors that focus on the income generated by the property rather than the personal income of the borrower. Here’s a simplified explanation:

Calculation.
The DSCR is calculated by dividing the property's Net Operating Income (NOI) by its total annual debt payments. NOI reflects the positive cash flow from the property after operating expenses (mortgage payment, taxes, and insurance) are subtracted.
Criteria for approval.
For Columbus Ohio, we typically require a DSCR greater than 1.0, indicating the investment property generates sufficient cash flow to cover its debt obligations. A common threshold is a DSCR of 1.0 to 1.2 or higher, but it is possible to go lower.
No personal income verification.
The approval process emphasizes the property’s cash flow potential, not the borrower's personal financial situation, allowing for more accessible financing for investors.
Craftsman house

DSCR Loan Terms

Get the financing you need to build wealth with real estate in Columbus Ohio using our DSCR long-term 30-year investor loans.

Terms current as of April 25, 2024

Long Term Rental Loan
Loan Value:
$75,000-$2,000,000
LTV:
Up to 80% (as is)
Interest Rate:
Starting at 6.5%
Points:
2-3
Term:
30 years
Closing Time:
As fast as 2 weeks
FICO:
600 minimum

DSCR Loan Requirements Simplified

Understand DSCR Loan Columbus Ohio Requirements

Securing a DSCR Loan in Columbus Ohio involves a focused evaluation of your experience, liquidity, credit score, and investment property's income potential. Here's a summary of the current requirements you should know before applying for a DSCR Loan in Columbus Ohio:

DSCR Calculation:
Minimum of 0.65x
Credit Score:
600 minimum
Loan Amount:
$75,000 to $3 million
Investor Experience:
none required
US Citizenship:
not required
Documentation:
Some of the key required documents include personal ID, bank statements, entity documentation if using a company (operating agreement, EIN letter, articles of incorporation), lease agreement (if currently leased), appraisal (requrested by us), and the purchase HUD (if purchased in the last 12 months).
Occupancy:
Short or long-term rentals, vacant or occupied
Property Type:
SFR, 2-4 units, multifamily 5+ units, mixed use, or commercial
DSCR Loan Columbus Ohio requirements

Designed for Columbus Ohio investors

Build wealth through real estate with our DSCR Loans in Columbus Ohio

Columbus Ohio's Real Estate Potential: Ideal for 30-Year Rental and Long-Term DSCR Loans

Columbus Ohio long term rental property loans

Columbus, Ohio, distinguished by its vibrant culture, robust economy, and status as the state capital, is increasingly recognized as an attractive destination for real estate investment. Home to a diverse population, major universities, and a growing technology sector, Columbus offers a dynamic blend of opportunities for investors. The city's economic stability, fueled by education, government, healthcare, and technology, supports a strong demand for both residential and commercial real estate.

Why DSCR Loans Are Ideal for Columbus's Real Estate Market

  • Economic Stability and Growth: Columbus's diverse economy provides a stable foundation for real estate investment, with sectors like technology and healthcare driving growth.
  • Educational and Government Hub: The presence of major universities and state government offices in Columbus ensures a steady demand for housing and commercial spaces.
  • Population Growth: As one of the fastest-growing cities in the Midwest, Columbus experiences a continuous influx of residents, further bolstering the real estate market.

Strategic Advantages of Investing in Columbus

  • Strong Rental Market: The city's large student population, young professionals, and families contribute to a robust rental market, offering a variety of investment opportunities.
  • Appreciation Potential: Columbus's real estate market has shown consistent appreciation, making it an attractive option for long-term investment strategies.
  • Quality of Life: With its affordable cost of living, diverse cultural attractions, and accessible amenities, Columbus attracts a wide range of residents, supporting a healthy demand for real estate.

Leveraging Columbus's Real Estate Market with DSCR Loans

DSCR loans in Columbus provide investors with the flexibility to navigate the city’s growing market through:
  • Diverse Investment Opportunities: The Columbus market offers a wide array of investment possibilities, from residential properties catering to students and families to commercial and mixed-use developments.
  • Efficient Market Entry and Expansion: The streamlined approval process for DSCR loans enables quick market entry and portfolio growth, essential in Columbus's competitive real estate environment.
Columbus's blend of economic diversity, educational institutions, and cultural richness presents a fertile landscape for real estate investors. DSCR loans afford strategic financing solutions that resonate with the investment goals of today's real estate investors, whether focusing on residential properties near university campuses or commercial ventures in burgeoning tech corridors.

With its stable growth, appreciation potential, and diverse market demands, Columbus stands out as a key market for achieving real estate investment success in Ohio.

Columbus Ohio DSCR Loan frequently asked questions

How is DSCR Calculated in Columbus Ohio?

How is DSCR calculated in Columbus Ohio?

In Columbus Ohio, the Debt Service Coverage Ration (DSCR) is calculated by dividing a property's rental income by it's expenses. In some cases another method could be used which involves dividing Net Operating Income (NOI) by the Debt Service.

Income: For simplicty purposes, you can think about the top line as the annual rental income for your investment property. In some cases a 90% factor might be applied.

Expenses: There are four main components of the expenses.

  • Principal and Interest
  • Taxes
  • Insurance
  • HOA fees

Here's an example so you can see exactly how DSCR is calculated. To keep things easy, we are assuming there is no principal payment, which you might expect with an interest only period. To learn more about how DSCR loans work, check out our detailed article.

How is DSCR calculated in Columbus Ohio?

About the Longleaf Lending Team

Longleaf Lending is a veteran-owned, direct lending firm with a deep focus on the real estate market. Established in Texas, we bring over two decades of combined experience in real estate, hard money lending, and investment banking.

Funding Experience

Since 2018, we have funded over 600 hard money loans, totaling more than $125 million in loan value.

Expert Leadership

Our leadership includes co-founders Pete Underwood and Matt Weidert, who bring extensive experience from real estate investment, investment banking, and military service.

Commitment to Innovation

We are committed to providing innovative real estate solutions, with a strong focus on integrity and professionalism as a member of the American Association of Private Lenders.

For more about our journey and the dedicated team behind Longleaf Lending, visit our full About Us page.

Explore other Ohio DSCR markets

Submit your Columbus Ohio loan request today

Start your DSCR Loan funding today

Ready to propel your Columbus Ohio rental project forward? Our simple loan request process is designed to get you the funding you need quickly and efficiently.

How the DSCR funding process works with Longleaf Lending

Submit our Online Form

Begin by filling out our short form. It's straightforward and only takes a minute. Provide us with some basic information about you and your project.

Get a Term Sheet in less than 24 Hours

After submitting your form, you'll receive a detailed term sheet from us within 24 hours. This term sheet will outline the terms of your loan and give you the confidence to proceed with your project.

Get Funded

Experience fast and straightforward funding. At Longleaf Lending, you'll work directly with our team throughout the entire process, from application to funding.

Applying does not affect your credit score

Apply for a Columbus Ohio DSCR Loan in 60 Seconds

Begin the funding process by completing our short online form.