DSCR Loans in Burleigh County, North Dakota
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 30 lenders made 147 investment-property loans in Burleigh County, 14.6% of North Dakota's total. Dominick Prevete arranges DSCR loans across Burleigh County, North Dakota, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.25% (November 2026), and most close in 14 days. At HUD's fair market rent, a three-bedroom rental there covers its full payment up to a price of about $220,000.
Burleigh County investor market at a glance
| Statistic | Burleigh County | North Dakota | County rank |
|---|---|---|---|
| Investor loans | 147 | 1,007 | 2nd of 3 |
| Reporting lenders | 30 | 98 | 2nd of 3 |
| Loan volume | $29.8M | $196.8M | 2nd of 3 |
| Average loan | $203K | $195K | 3rd of 3 |
| Median loan | $185K | $165K | 2nd of 3 |
| Purchases | 68.0% | 69.0% | 3rd of 3 |
| Cash-out refinances | 6.8% | 5.9% | 1st of 3 |
| 2–4 unit properties | 34.0% | 19.3% | 1st of 3 |
| Top five lenders' share | 49.0% | 35.0% | 2nd of 3 |
| Reported business-purpose | 62.6% | 62.1% | 2nd of 3 |
Burleigh County: closed-end loans on 1–4 unit investment properties. Burleigh County's rank is highest first, among North Dakota's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Burleigh County's investor loans.
What stands out in Burleigh County
The median investor loan in Burleigh County was $185K, the lowest median of North Dakota's 3 counties with published data (statewide: $165K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
34.0% of Burleigh County's investor loans financed a 2–4 unit property, the highest share of North Dakota's 3 counties with published data (statewide: 19.3%).
2–4 unit properties are common here. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
6.8% of Burleigh County's investor loans were cash-out refinances, the highest share of North Dakota's 3 counties with published data (statewide: 5.9%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
Does a DSCR loan pencil in Burleigh County?
At HUD's fair market rent of $1,477 for a 3-bedroom in Burleigh County, North Dakota, a rental covers its full DSCR payment up to a purchase price of about $220,000, with 20% down at the 7.25% starting rate (November 2026). Burleigh County's median home value is $324,000; at that price the payment is $2,142 a month, so the property would need $2,150 in rent to cover it.
Coverage under 1.00 doesn't end the deal: the DSCR programs Dominick arranges go down to no-ratio, priced for the lower coverage, and a lower price or a larger down payment raises the ratio.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $1,067 / $1,477 / $1,696 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $324,000 |
| Median property taxes and effective rate | $2,863 (0.88% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,142 |
| Rent needed to cover that payment | $2,150 |
| Coverage of a 3-bedroom at fair market rent | 0.69 |
| Highest price a 3-bedroom at fair market rent covers | about $220,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $320,000 |
Fair market rent is HUD's 40th-percentile gross rent, including utilities; a property's appraised market rent can be higher or lower. Payment uses 20% down, a 30-year amortization at the published DSCR starting rate, the county's median effective property-tax rate and insurance at 0.50% of value. Purchase leverage goes up to 85% on qualifying files. This is an illustration, not a term sheet or an offer of credit.
Price your actual deal →Run Burleigh County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Burleigh County?
The most active investment-property lenders in Burleigh County in 2025 HMDA data were Kirkwood Bank & Trust Co., Starion Bank and First International Bank & Trust, out of 30 lenders that reported. HMDA doesn't flag which loans were DSCR loans, so this list mixes DSCR and conventional investment-property lenders. Dominick Prevete places DSCR loans across 100+ lenders, including one that reported in Burleigh County, and matches each file to the one most likely to fund it.
Burleigh County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 147 loans and $29.8M from 30 lenders. Kirkwood Bank & Trust Co. led Burleigh County with 16 loans, 10.9% of the county's total, and the average Burleigh County loan of $203K compares with $195K across North Dakota.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kirkwood Bank & Trust Co. | 16 | $3.2M | $200K | 50.0% |
| Starion Bank | 15 | $3.6M | $238K | 66.7% |
| First International Bank & Trust | 14 | $2.7M | $191K | 64.3% |
| Dakota Community Bank & Trust, National Association | 14 | $1.8M | $130K | 64.3% |
| Bravera Bank | 13 | $3.4M | $265K | 92.3% |
| Gate City Bank | 10 | $2.1M | $208K | 60.0% |
| RAILWAY | 10 | $1.6M | $159K | 60.0% |
| CAPITAL | 8 | $2.3M | $283K | 50.0% |
| BNC National Bank | 7 | $1.5M | $209K | 71.4% |
| First Western Bank & Trust | 5 | $0.8M | $157K | 80.0% |
| Security First Bank of North Dakota | 5 | $0.5M | $97K | 40.0% |
| United Wholesale Mortgage | 4 | $0.8M | $203K | 100.0% |
| 21st Mortgage Corporation | 4 | $0.7M | $168K | 100.0% |
| Choice Financial Group | 3 | $1.0M | $345K | 66.7% |
| Fairway Independent Mortgage Corporation | 3 | $0.6M | $195K | 66.7% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 2 | $0.4M | $220K | 50.0% |
| First State Bank | 1 | $0.4M | $395K | 100.0% |
| South Story Bank & Trust | 1 | $0.3M | $285K | 100.0% |
| NextMortgage, LLC | 1 | $0.3M | $275K | 100.0% |
| First Interstate Bank | 1 | $0.2M | $215K | 100.0% |
| Dacotah Bank | 1 | $0.2M | $215K | 0.0% |
| Morgan Stanley Private Bank, National Association | 1 | $0.2M | $205K | 100.0% |
| A&D Mortgage LLC | 1 | $0.2M | $195K | 100.0% |
| FIRST COMMUNITY CREDIT UNION | 1 | $0.2M | $185K | 100.0% |
| Presidential Bank, FSB | 1 | $0.2M | $185K | 100.0% |
1 North Dakota loans (0.1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Burleigh County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Burleigh County CSV, all 25 lenders
What Burleigh County's table can't show you: fit. Short-term financing is exempt from HMDA, so Burleigh County's fix-and-flip and bridge lenders barely appear among its 30 filers, and none of the 25 names above tells you whose guidelines match your deal, your entity, or your timeline. That's the job. Dominick Prevete structures your file and places it across 100+ lenders — including some on this list — so it lands with the one most likely to fund it.
Price your loan →Dominick Prevete places loans with some of the lenders listed here through wholesale relationships, and is paid when a loan he arranges closes. Appearing in this table is not an endorsement or a recommendation.
Counties near Burleigh County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Burleigh County |
|---|---|---|---|
| Cass County, ND | 319 | 53 | About 150 miles away |
| Grand Forks County, ND | 113 | 26 | About 155 miles away |
| Clay County, MN | 126 | 39 | About 190 miles away |
| Pennington County, SD | 157 | 46 | About 235 miles away |
Run the coverage test on your Burleigh County, North Dakota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Burleigh County, North Dakota property's rent, loan, taxes and insurance to see where it lands.
Principal and interest on a thirty-year amortization, plus taxes, insurance and HOA.
Enter the rent, loan amount, rate, taxes and insurance to see the coverage ratio.
Sources
- CFPB / FFIEC HMDA Data Browser — Burleigh County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 30 lenders and 147 loans: 2025 HMDA loan-level data rolled up to Burleigh County.
- Burleigh County investor-lender dataset (CSV) — All 25 lenders in the Burleigh County, North Dakota table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Burleigh County's 2-, 3- and 4-bedroom fair market rents in the rent math, and the 3-bedroom rent its highest-price figure uses: HUD's FY2027 figures for the Bismarck, ND MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Burleigh County's median home value (B25077) and median property taxes paid (B25103) in the rent math, from the Census 2020–2024 ACS 5-year summary files.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.25%, as of November 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.