DSCR Loans North Dakota
Finance a rental anywhere in North Dakota on the property’s cash flow – not your income. North Dakota is a stable, energy- and agriculture-anchored market with low vacancy. We lend statewide with rates from 5.75%, up to 85% LTV, and DSCR from 0.75x – no tax returns or W-2s.
- Qualify on the property’s rent – no tax returns or W-2s
- Rates from 5.75% · up to 85% LTV · DSCR from 0.75x
- Statewide: Fargo, Bismarck, Grand Forks, and Minot
- SFR, Condo, 2-4 Unit, Multi-Family & Commercial Considered
- LLC & foreign nationals OK · no cap on financed properties
North Dakota DSCR Loans – Key Facts (2026)
- What it is: A business-purpose rental loan that qualifies on the property’s rent / payment (DSCR), not your personal income.
- Market: North Dakota statewide – cash flow & BRRRR.
- Max LTV: Up to 85% (purchase) · 75-80% cash-out. Min DSCR: from 0.75x.
- Minimum FICO: 620+ (best pricing 720-780+). Rates: from 5.75%.
- Closing: as fast as 14 days. Vesting personal, LLC, or entity – foreign nationals eligible.
- Lender: CambridgeHomeLoan.com – direct DSCR lender since 1998, NMLS #1826020.
DSCR Loans in North Dakota
What is a DSCR loan in North Dakota?
A North Dakota DSCR loan is an investment-property mortgage that qualifies on the property’s rental income – gross rent divided by full PITIA – instead of your personal income. With a statewide median home value near $289,622 and median rent around $1,162, North Dakota is a stable, energy- and agriculture-anchored market with low vacancy. We lend up to 85% LTV, accept DSCRs as low as 0.75x, and vest in an LLC or entity with no cap on financed properties.
| Qualifies on | The property’s rent / PITIA (DSCR) – no personal income |
| Rates from | 5.75% (Tier 1; see rate table below) |
| Max LTV | Up to 85% (purchase) · 75-80% cash-out |
| Min DSCR | From 0.75x with compensating factors · no-ratio options |
| Min FICO | 620+ (best pricing 720-780+) |
| Vesting | Personal or LLC · foreign nationals eligible · no property cap |
| Coverage | All of North Dakota – statewide |
How we compare
CambridgeHomeLoan vs. top national DSCR lenders
North Dakota investors shop DSCR on leverage, credit access, loan size, and cost. Here is how our program compares with the terms commonly advertised by the leading national DSCR lenders. Where we lead, it is highlighted.
| Feature | CambridgeHomeLoan | Top National DSCR Lender 1 | Top National DSCR Lender 2 |
|---|---|---|---|
| Rates from | 5.75% | ~6.13% | ~7.49% |
| Max LTV (purchase) | Up to 85% | 80% (85% only 740+ FICO, ≤$1M) | 80% (65-70% at 620-679 FICO) |
| Min DSCR | From 0.75x | From 0.75x | From 0.75x |
| Min FICO | 620 | 620 | 640 |
| Max loan amount | $20M+ | Up to $5M | Up to $3.5M |
| Foreign nationals | Yes – LLC, entity & foreign nationals | Limited | Limited |
| Prepay penalty | Flexible options | 0-5 yr | Varies |
| Fastest closing | As fast as 14 days | Varies | 14-21 days |
| Model | Direct lender since 1998 | Direct lender | Direct lender / fund |
“Top National DSCR Lender 1” and “Lender 2” are generic composites of terms commonly advertised across the national DSCR market as of July 2026 – not any single lender, and subject to change. For general comparison only.
North Dakota market data
North Dakota rental market at a glance (2026)
Representative 2026 statewide indicators for underwriting context – confirmed per property by a Form 1007 appraisal and a real insurance quote.
| Median home value (2026) | ~$289,622 (Zillow) |
| Median rent (2026) | ~$1,162/mo (RentCafe / market) |
| Property tax | ~0.98% effective (state average) |
| Top investor metros | Fargo, Bismarck, Grand Forks, Minot |
| Investor profile | cash flow and BRRRR |
North Dakota by the numbers (2026)
- Profile: North Dakota is a stable, energy- and agriculture-anchored market with low vacancy.
- Where it pencils: Fargo leads for rental demand and university-driven tenants; Bismarck and Minot add government, energy, and military demand.
- DSCR access: we qualify North Dakota rentals on rent alone – up to 85% LTV, DSCR from 0.75x, 620 FICO, $20M+ capacity.
Sources: Zillow median home value and RentCafe / World Population Review rent data, 2025-2026; property-tax averages per Tax Foundation. Estimates for illustration; confirmed per property by a Form 1007 appraisal and a real insurance quote.
Where to invest
Top North Dakota cities for DSCR investors
North Dakota’s strongest rental markets include Fargo, Bismarck, Grand Forks, and Minot. Fargo leads for rental demand and university-driven tenants; Bismarck and Minot add government, energy, and military demand. We lend in every one of them – and everywhere else in North Dakota.
Free tool
North Dakota rent & DSCR calculator
Enter the property’s monthly rent, your loan, and carrying costs to estimate your DSCR (rent / PITIA) and monthly cash flow. Defaults reflect North Dakota statewide medians. Illustrative only – final DSCR uses the appraiser’s Form 1007 rent and quoted insurance.
Property & loan
Carrying costs (North Dakota)
Illustrative only; not a rate quote or commitment to lend. Statewide medians vary widely by city and property – we confirm rent with a Form 1007.
Rates
North Dakota DSCR rate tiers (2026)
| Tier 1 (780+ FICO, ≤65% LTV) | From ~5.75% – strongest pricing |
| Tier 2 (720-779, ≤75% LTV) | ~6.25-7.00% |
| Tier 3 (660-719, ≤80% LTV) | ~7.00-7.75% |
| Tier 4 (620-659, up to 85% LTV) | ~7.75-8.50% |
Illustrative tiers, subject to change and underwriting; DSCR ratio, property type, and reserves also affect pricing. Not a rate quote.
Requirements
North Dakota DSCR loan requirements
| Down payment | Typically 20-25% (purchase) |
| Credit | 620+ FICO; best pricing at 720-780+ |
| DSCR | From 0.75x (with factors); 1.0x+ standard; 1.25x+ best pricing |
| Reserves | Typically 3-6 months of PITIA |
| Rent proof | Lease, or appraiser Form 1007 market rent for vacant/purchase |
| Vesting | Individual, LLC, or entity · foreign nationals eligible |
| Uses | Purchase, rate-and-term refinance, cash-out |
Answers
North Dakota DSCR loan FAQ
Why invest in North Dakota with a DSCR loan?
North Dakota is a stable, energy- and agriculture-anchored market with low vacancy. A DSCR loan lets you finance these rentals on the property’s income – no tax returns or W-2s – so you can scale across Fargo and beyond without income caps.
Which North Dakota cities cash-flow best for DSCR?
Our most-financed North Dakota markets include Fargo, Bismarck, Grand Forks, and Minot. Fargo leads for rental demand and university-driven tenants; Bismarck and Minot add government, energy, and military demand.
What are the DSCR loan requirements in North Dakota?
620+ FICO (best pricing 720-780+), DSCR from 0.75x, up to 85% LTV on purchase and 75-80% cash-out, typically 20-25% down. We qualify on the property’s rent via a Form 1007 – no tax returns or W-2s.
Can I close in an LLC or as a foreign national in North Dakota?
Yes. We vest in your name, an LLC, or an entity with no cap on the number of financed properties, and we lend to foreign national investors on North Dakota rentals.
Keep exploring
Related North Dakota & national investor loans
(c) 2026 CambridgeHomeLoan.com · NMLS #1826020 · 4830 W Kennedy Blvd, Tampa, FL 33609 · (800) 826-5077 · Equal Housing Lender. DSCR loans are for business-purpose, non-owner-occupied investment properties only and are not available for primary residences. Rates, terms, LTV, and DSCR minimums are illustrative, subject to change without notice, and subject to borrower and property qualification and underwriting approval. Rate shown “from 5.75%” reflects the lowest advertised tier for the strongest borrower profiles and is not a rate quote or commitment to lend. State market figures are third-party estimates for illustration only and are confirmed by a Form 1007 appraisal on your specific property. Comparison columns are generic market composites and are not the terms of, or an endorsement of or by, any specific lender. This page is informational and does not constitute financial, legal, tax, or investment advice.