DSCR Loans in North Dakota
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
LinkedIn35 closed transactionsNLPI LLC, NJ entity ID 0451062247 (verify on the NJ business search)
Dominick Prevete arranges DSCR loans across 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. In 2025 HMDA data, 98 lenders made 1,007 investment-property loans in North Dakota; the most active are in the table below, and 3 counties have their own page.
North Dakota investor market at a glance
| Statistic | North Dakota | National | State rank |
|---|---|---|---|
| Investor loans | 1,007 | 553,332 | 47th of 51 |
| Reporting lenders | 98 | 4,120 | 50th of 51 |
| Loan volume | $196.8M | $190.57B | 50th of 51 |
| Average loan | $195K | $344K | 41st of 51 |
| Median loan | $165K | — | 37th of 51 |
| Purchases | 69.0% | 59.2% | 2nd of 51 |
| Cash-out refinances | 5.9% | 18.8% | 49th of 51 |
| 2–4 unit properties | 19.3% | 17.3% | 21st of 51 |
| Top five lenders' share | 35.0% | 21.9% | 4th of 51 |
| Reported business-purpose | 62.1% | 70.8% | 41st of 51 |
North Dakota: closed-end loans on 1–4 unit investment properties. Rank is highest first among the 50 states and DC. The national figures are totals for loans and volume, distinct filers for lenders, and loan-weighted averages for every share; a median does not combine across states.
What stands out in North Dakota
69.0% of North Dakota's investor loans were purchases, the 2nd-highest share of the 50 states and DC (national figure: 59.2%).
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.
5.9% of North Dakota's investor loans were cash-out refinances, the 3rd-lowest share of the 50 states and DC (national figure: 18.8%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
The five most active lenders wrote 35.0% of North Dakota's investor loans, the 4th-highest share of the 50 states and DC (national figure: 21.9%).
Five lenders write 35.0% of the loans here, so comparing written term sheets matters more.
Who are the DSCR and investment-property lenders in North Dakota?
The most active investment-property lenders in North Dakota in 2025 HMDA data were Gate City Bank, Bravera Bank and First International Bank & Trust, out of 98 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 two that reported in North Dakota, and matches each file to the one most likely to fund it.
Every year, lenders report their originations under the Home Mortgage Disclosure Act. We filtered North Dakota's 2025 filings to closed-end loans on 1–4 unit investment properties: 1,007 loans totaling $0.20B across 98 lenders. These were the most active.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Gate City Bank | 87 | $14.2M | $163K | 64.4% |
| Bravera Bank | 70 | $15.9M | $227K | 64.3% |
| First International Bank & Trust | 70 | $14.1M | $201K | 67.1% |
| FIRST COMMUNITY CREDIT UNION | 69 | $14.0M | $203K | 76.8% |
| First Western Bank & Trust | 56 | $8.3M | $148K | 83.9% |
| Dakota Community Bank & Trust, National Association | 45 | $9.5M | $210K | 68.9% |
| Starion Bank | 44 | $11.0M | $250K | 75.0% |
| Bank Forward | 40 | $9.0M | $226K | 82.5% |
| TOWN AND COUNTRY Credit Union | 36 | $8.2M | $227K | 66.7% |
| Choice Financial Group | 29 | $6.5M | $226K | 82.8% |
| FIRST HOLDING COMPANY OF CAVALIER, INC. | 28 | $5.8M | $208K | 85.7% |
| CAPITAL | 27 | $6.6M | $244K | 44.4% |
| Kirkwood Bank & Trust Co. | 25 | $5.0M | $200K | 56.0% |
| Aspire Community Federal Credit union | 22 | $3.2M | $145K | 81.8% |
| First State Bank | 21 | $3.5M | $167K | 66.7% |
| RAILWAY | 19 | $2.7M | $142K | 52.6% |
| Dacotah Bank | 19 | $1.7M | $89K | 21.1% |
| Cornerstone Bank | 18 | $3.3M | $185K | 44.4% |
| Bell Bank | 16 | $3.5M | $216K | 75.0% |
| American Federal Bank | 15 | $3.8M | $252K | 73.3% |
| KODABANK | 15 | $3.5M | $235K | 86.7% |
| United Wholesale Mortgage | 14 | $2.7M | $194K | 78.6% |
| FIRST UNITED BANK | 14 | $2.5M | $181K | 35.7% |
| BNC National Bank | 12 | $2.3M | $188K | 83.3% |
| Security First Bank of North Dakota | 12 | $1.3M | $105K | 66.7% |
Source: 2025 HMDA loan-level data (CFPB/FFIEC Data Browser), retrieved November 11, 2026. Updated annually. See how this data is built or download the full dataset (CSV) — all 98 reporting lenders with every underlying figure. Researching the market rather than financing a property? The North Dakota lending data page covers this table on its own.
What this table can't show you: fit. HMDA exempts short-term financing, so fix-and-flip and bridge lenders barely appear here — and no federal dataset knows which lender's 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.
DSCR loans by county in North Dakota
Each county page compares the county's 2025 HMDA investor-lending figures with North Dakota's and names its most active lenders. Counties are listed by investor loan count.
3 North Dakota counties have their own page so far.
- Cass County319 loans
- Burleigh County147 loans
- Grand Forks County113 loans
- Ward County (fewer than 100 investor loans in 2025)96 loans
- Stark County (fewer than 100 investor loans in 2025)55 loans
- Morton County (fewer than 100 investor loans in 2025)54 loans
- Stutsman County (fewer than 100 investor loans in 2025)36 loans
- Williams County (fewer than 100 investor loans in 2025)22 loans
- Barnes County (fewer than 100 investor loans in 2025)20 loans
- Traill County (fewer than 100 investor loans in 2025)16 loans
- Richland County (fewer than 100 investor loans in 2025)13 loans
- Mercer County (fewer than 100 investor loans in 2025)12 loans
- Ramsey County (fewer than 100 investor loans in 2025)12 loans
- Walsh County (fewer than 100 investor loans in 2025)11 loans
- Burke County (fewer than 100 investor loans in 2025)9 loans
- Pembina County (fewer than 100 investor loans in 2025)9 loans
- McKenzie County (fewer than 100 investor loans in 2025)7 loans
- Mountrail County (fewer than 100 investor loans in 2025)7 loans
- Bottineau County (fewer than 100 investor loans in 2025)4 loans
- McLean County (fewer than 100 investor loans in 2025)4 loans
- Dickey County (fewer than 100 investor loans in 2025)3 loans
- Dunn County (fewer than 100 investor loans in 2025)3 loans
- McIntosh County (fewer than 100 investor loans in 2025)3 loans
- Ransom County (fewer than 100 investor loans in 2025)3 loans
- Rolette County (fewer than 100 investor loans in 2025)3 loans
- Wells County (fewer than 100 investor loans in 2025)3 loans
- Adams County (fewer than 100 investor loans in 2025)2 loans
- Cavalier County (fewer than 100 investor loans in 2025)2 loans
- Divide County (fewer than 100 investor loans in 2025)2 loans
- Golden Valley County (fewer than 100 investor loans in 2025)2 loans
- Nelson County (fewer than 100 investor loans in 2025)2 loans
- Renville County (fewer than 100 investor loans in 2025)2 loans
- Benson County (fewer than 100 investor loans in 2025)1 loans
- Emmons County (fewer than 100 investor loans in 2025)1 loans
- Foster County (fewer than 100 investor loans in 2025)1 loans
- Griggs County (fewer than 100 investor loans in 2025)1 loans
- Hettinger County (fewer than 100 investor loans in 2025)1 loans
- Kidder County (fewer than 100 investor loans in 2025)1 loans
- LaMoure County (fewer than 100 investor loans in 2025)1 loans
- McHenry County (fewer than 100 investor loans in 2025)1 loans
- Pierce County (fewer than 100 investor loans in 2025)1 loans
- Steele County (fewer than 100 investor loans in 2025)1 loans
Run the coverage test on your North Dakota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a 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 — North Dakota's at-a-glance figures, its rank among the 50 states and DC, its observations and the Quick Read's 98 lenders and 1,007 loans: 2025 HMDA loan-level data.
- North Dakota investor-lender dataset (CSV) — Every North Dakota lender behind the table above, with volume, average loan and purchase share for each.
- North Dakota investor lending data, Dominick Prevete — The North Dakota table on its own, with the state's concentration figures and the method behind them.
- 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.