DSCR Loans in Cass 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, 53 lenders made 319 investment-property loans in Cass County, 31.7% of North Dakota's total. Dominick Prevete arranges DSCR loans across Cass 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.
Cass County investor market at a glance
| Statistic | Cass County | North Dakota | County rank |
|---|---|---|---|
| Investor loans | 319 | 1,007 | 1st of 3 |
| Reporting lenders | 53 | 98 | 1st of 3 |
| Loan volume | $71.8M | $196.8M | 1st of 3 |
| Average loan | $225K | $195K | 1st of 3 |
| Median loan | $205K | $165K | 1st of 3 |
| Purchases | 76.2% | 69.0% | 1st of 3 |
| Cash-out refinances | 2.5% | 5.9% | 3rd of 3 |
| 2–4 unit properties | 12.2% | 19.3% | 3rd of 3 |
| Top five lenders' share | 48.0% | 35.0% | 3rd of 3 |
| Reported business-purpose | 66.8% | 62.1% | 1st of 3 |
Cass County: closed-end loans on 1–4 unit investment properties. Cass County's rank is highest first, among North Dakota's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Cass County's investor loans.
What stands out in Cass County
The median investor loan in Cass County was $205K, the highest median of North Dakota's 3 counties with published data (statewide: $165K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
76.2% of Cass County's investor loans were purchases, the highest share of North Dakota's 3 counties with published data (statewide: 69.0%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
2.5% of Cass County's investor loans were cash-out refinances, the lowest share of North Dakota's 3 counties with published data (statewide: 5.9%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
Does a DSCR loan pencil in Cass County?
At HUD's fair market rent of $1,529 for a 3-bedroom in Cass 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). Cass County's median home value is $298,000; at that price the payment is $2,047 a month, so the property would need $2,050 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) | $1,104 / $1,529 / $1,845 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $298,000 |
| Median property taxes and effective rate | $3,564 (1.20% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,047 |
| Rent needed to cover that payment | $2,050 |
| Coverage of a 3-bedroom at fair market rent | 0.75 |
| Highest price a 3-bedroom at fair market rent covers | about $220,000 |
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 Cass County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Cass County?
The most active investment-property lenders in Cass County in 2025 HMDA data were First Western Bank & Trust, Gate City Bank and FIRST COMMUNITY CREDIT UNION, out of 53 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 and matches each file to the one most likely to fund it.
Cass County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 319 loans and $71.8M from 53 lenders. First Western Bank & Trust led Cass County with 39 loans, 12.2% of the county's total, and the average Cass County loan of $225K compares with $195K across North Dakota.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| First Western Bank & Trust | 39 | $5.6M | $143K | 89.7% |
| Gate City Bank | 33 | $5.7M | $174K | 66.7% |
| FIRST COMMUNITY CREDIT UNION | 31 | $6.8M | $220K | 93.5% |
| Bank Forward | 28 | $7.8M | $279K | 75.0% |
| TOWN AND COUNTRY Credit Union | 22 | $4.7M | $211K | 81.8% |
| Choice Financial Group | 18 | $4.6M | $256K | 94.4% |
| Bravera Bank | 13 | $4.5M | $347K | 76.9% |
| Starion Bank | 10 | $3.1M | $306K | 90.0% |
| Bell Bank | 10 | $2.1M | $210K | 80.0% |
| First International Bank & Trust | 9 | $2.8M | $315K | 88.9% |
| CAPITAL | 9 | $2.4M | $271K | 55.6% |
| KODABANK | 8 | $1.9M | $233K | 87.5% |
| FIRST UNITED BANK | 8 | $1.5M | $193K | 12.5% |
| American Federal Bank | 7 | $1.5M | $208K | 71.4% |
| Northwestern Bank, National Association | 6 | $1.6M | $258K | 16.7% |
| Cornerstone Bank | 6 | $0.8M | $128K | 33.3% |
| FIRST HOLDING COMPANY OF CAVALIER, INC. | 5 | $0.8M | $163K | 100.0% |
| United Wholesale Mortgage | 4 | $0.9M | $233K | 50.0% |
| VALLEY MORTGAGE, INC. | 4 | $0.9M | $220K | 100.0% |
| Western State Bank | 4 | $0.8M | $210K | 100.0% |
| Border Bank | 4 | $0.8M | $205K | 50.0% |
| Alerus Financial, National Association | 3 | $1.2M | $385K | 33.3% |
| NEWREZ LLC | 3 | $0.8M | $268K | 66.7% |
| Fairway Independent Mortgage Corporation | 3 | $0.6M | $208K | 100.0% |
| DEEPHAVEN MORTGAGE LLC | 2 | $0.4M | $205K | 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 Cass County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Cass County CSV, all 25 lenders
What Cass County's table can't show you: fit. Short-term financing is exempt from HMDA, so Cass County's fix-and-flip and bridge lenders barely appear among its 53 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 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 Cass County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Cass County |
|---|---|---|---|
| Clay County, MN | 126 | 39 | Borders Cass County |
| Grand Forks County, ND | 113 | 26 | About 70 miles away |
| Burleigh County, ND | 147 | 30 | About 150 miles away |
| Crow Wing County, MN | 105 | 52 | About 155 miles away |
Run the coverage test on your Cass County, North Dakota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Cass 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 — Cass County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 53 lenders and 319 loans: 2025 HMDA loan-level data rolled up to Cass County.
- Cass County investor-lender dataset (CSV) — All 25 lenders in the Cass County, North Dakota table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Cass 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 Fargo, ND-MN MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Cass 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.