DSCR Loans in North Dakota: Compare 6 Lenders Instantly

North Dakota is a smaller DSCR market with limited lender coverage due to its small population and energy-dependent economy. Property taxes are moderate at 0.99%, and insurance costs are average at 0.99%. Fargo, Bismarck, and Grand Forks are the primary rental markets, with demand tied to agriculture, energy, and education.

Fargo is the strongest investment market, benefiting from North Dakota State University enrollment and a growing technology and healthcare sector. The oil boom in the western part of the state (Williston Basin) created significant rental demand that has moderated with oil price fluctuations. Investors should be aware that several national DSCR lenders exclude North Dakota from their footprint.

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Lender Availability

6 lenders offer DSCR loans in North Dakota

AOAngel OakDHDeephavenGFGriffin FundingKVKiaviLSLendSureNWNewfi Wholesale

North Dakota Property Costs

Property Tax Rate0.99%
Insurance Rate0.99%

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ND
25%LTV 75%
15%50%
Interest Only
Short-Term Rental

Frequently Asked Questions

How many DSCR lenders operate in North Dakota?
North Dakota has the fewest DSCR lender options of any state, with several national lenders excluding it from their footprint. Typically 7-9 lenders serve the state. Use the DSCR Pulse calculator to see exactly which lenders are available for your North Dakota property.
Is Fargo a viable market for DSCR investments?
Fargo is North Dakota's strongest rental market with the most diversified economy. NDSU enrollment, healthcare employment, and a growing tech sector provide steady rental demand. Property prices are moderate, and DSCR ratios can be favorable for well-selected properties in established neighborhoods.
How does the oil industry affect North Dakota DSCR investing?
Western North Dakota rental markets (Williston, Dickinson) are heavily influenced by oil production activity. Rents can spike during oil booms and drop sharply during downturns. DSCR lenders are cautious about properties dependent on oil worker demand and may require higher ratios or reserves for these markets.

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