DSCR Loans in Grand Forks 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, 26 lenders made 113 investment-property loans in Grand Forks County, 11.2% of North Dakota's total. Dominick Prevete arranges DSCR loans across Grand Forks 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 $205,000.
Grand Forks County investor market at a glance
| Statistic | Grand Forks County | North Dakota | County rank |
|---|---|---|---|
| Investor loans | 113 | 1,007 | 3rd of 3 |
| Reporting lenders | 26 | 98 | 3rd of 3 |
| Loan volume | $23.3M | $196.8M | 3rd of 3 |
| Average loan | $206K | $195K | 2nd of 3 |
| Median loan | $185K | $165K | 2nd of 3 |
| Purchases | 72.6% | 69.0% | 2nd of 3 |
| Cash-out refinances | 2.7% | 5.9% | 2nd of 3 |
| 2–4 unit properties | 22.1% | 19.3% | 2nd of 3 |
| Top five lenders' share | 63.7% | 35.0% | 1st of 3 |
| Reported business-purpose | 46.9% | 62.1% | 3rd of 3 |
Grand Forks County: closed-end loans on 1–4 unit investment properties. Grand Forks County's rank is highest first, among North Dakota's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Grand Forks County's investor loans.
What stands out in Grand Forks County
The median investor loan in Grand Forks 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.
46.9% of Grand Forks County's investor loans were reported as business-purpose, the lowest share of North Dakota's 3 counties with published data (statewide: 62.1%).
Fewer investor loans here were reported as business-purpose than in most of North Dakota. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
The five most active lenders wrote 63.7% of Grand Forks County's investor loans, the highest share of North Dakota's 3 counties with published data (statewide: 35.0%).
Five lenders write 63.7% of the loans here, so comparing written term sheets matters more.
Does a DSCR loan pencil in Grand Forks County?
At HUD's fair market rent of $1,404 for a 3-bedroom in Grand Forks County, North Dakota, a rental covers its full DSCR payment up to a purchase price of about $205,000, with 20% down at the 7.25% starting rate (November 2026). Grand Forks County's median home value is $252,700; at that price the payment is $1,726 a month, so the property would need $1,750 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) | $1,014 / $1,404 / $1,695 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $252,700 |
| Median property taxes and effective rate | $2,900 (1.15% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,726 |
| Rent needed to cover that payment | $1,750 |
| Coverage of a 3-bedroom at fair market rent | 0.81 |
| Highest price a 3-bedroom at fair market rent covers | about $205,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $295,000 |
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 Grand Forks County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Grand Forks County?
The most active investment-property lenders in Grand Forks County in 2025 HMDA data were FIRST HOLDING COMPANY OF CAVALIER, INC.; FIRST COMMUNITY CREDIT UNION; and First State Bank, out of 26 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.
Grand Forks County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 113 loans and $23.3M from 26 lenders. FIRST HOLDING COMPANY OF CAVALIER, INC. led Grand Forks County with 20 loans, 17.7% of the county's total, and the average Grand Forks County loan of $206K compares with $195K across North Dakota.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| FIRST HOLDING COMPANY OF CAVALIER, INC. | 20 | $4.5M | $224K | 85.0% |
| FIRST COMMUNITY CREDIT UNION | 18 | $3.5M | $193K | 66.7% |
| First State Bank | 18 | $3.0M | $165K | 66.7% |
| Gate City Bank | 11 | $1.8M | $167K | 54.5% |
| American Federal Bank | 5 | $2.1M | $427K | 80.0% |
| Old National Bank | 5 | $0.9M | $175K | 80.0% |
| KODABANK | 4 | $1.5M | $368K | 75.0% |
| First International Bank & Trust | 4 | $1.4M | $360K | 50.0% |
| JPMorgan Chase Bank, National Association | 3 | $0.5M | $182K | 100.0% |
| Frandsen Bank & Trust | 3 | $0.4M | $135K | 66.7% |
| Choice Financial Group | 2 | $0.4M | $200K | 100.0% |
| United Wholesale Mortgage | 2 | $0.4M | $195K | 100.0% |
| DEEPHAVEN MORTGAGE LLC | 2 | $0.4M | $195K | 50.0% |
| Rocket Mortgage, LLC | 2 | $0.3M | $160K | 100.0% |
| Bank Forward | 2 | $0.3M | $145K | 100.0% |
| Alerus Financial, National Association | 2 | $0.2M | $100K | 50.0% |
| Granite Bank | 1 | $0.2M | $215K | 100.0% |
| Dakota Community Bank & Trust, National Association | 1 | $0.2M | $205K | 100.0% |
| Hometown Equity Mortgage, LLC | 1 | $0.2M | $205K | 0.0% |
| EVERETT FINANCIAL, INC. | 1 | $0.2M | $205K | 100.0% |
| BANKWEST | 1 | $0.2M | $195K | 100.0% |
| CHURCHILL MORTGAGE CORPORATION | 1 | $0.2M | $165K | 100.0% |
| Bremer Bank, National Association | 1 | $0.1M | $125K | 100.0% |
| Merchants Bank, National Association | 1 | $0.1M | $125K | 0.0% |
| Barrington Bank & Trust Company, National Association | 1 | $0.1M | $125K | 0.0% |
1 North Dakota loans (0.1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Grand Forks County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Grand Forks County CSV, all 25 lenders
What Grand Forks County's table can't show you: fit. Short-term financing is exempt from HMDA, so Grand Forks County's fix-and-flip and bridge lenders barely appear among its 26 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 Grand Forks County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Grand Forks County |
|---|---|---|---|
| Cass County, ND | 319 | 53 | About 70 miles away |
| Clay County, MN | 126 | 39 | About 85 miles away |
| Burleigh County, ND | 147 | 30 | About 155 miles away |
| Crow Wing County, MN | 105 | 52 | About 185 miles away |
Run the coverage test on your Grand Forks County, North Dakota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Grand Forks 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 — Grand Forks County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 26 lenders and 113 loans: 2025 HMDA loan-level data rolled up to Grand Forks County.
- Grand Forks County investor-lender dataset (CSV) — All 25 lenders in the Grand Forks County, North Dakota table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Grand Forks 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 Grand Forks, ND-MN MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Grand Forks 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.