DSCR Loans in Fargo, ND
Find lenders offering dscr loans in the Fargo, including Moorhead, West Fargo, and surrounding areas. Compare rates, terms, and programs from 42 lenders.
DSCR Lenders Serving Fargo
42 lenders offering dscr loans in the Fargo, ND area.
A&D Mortgage
Fort Lauderdale, FL
Wholesale non-QM lender. DSCR loans with 0 minimum DSCR, 80% max LTV, min FICO 620.
Angel Oak Mortgage Solutions
Atlanta, GA
Major non-QM and DSCR lender. Investor cash flow loans up to $1.5M. 40-year terms with interest-only options. No limit on properties.
Civic Financial Services
Redondo Beach, CA
Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
CrossCountry Mortgage
Cleveland, OH
Large national lender offering DSCR, bank statement, and non-QM mortgage products alongside conventional and government loans.
Defy Mortgage
FL
DSCR lender with flexible terms. Accepts DSCR as low as 0.75 or no ratio. Up to 85% LTV on SFR purchases. Available in 35+ states.
Easy Street Capital
Austin, TX
Investment property lender specializing in fix-and-flip, bridge, and DSCR rental loans. Loans approved in 24 hours, close in 48 hours. Min credit score 600.
Griffin Funding
CA
Nationwide DSCR lender. No income verification, DSCR as low as 0.75. Up to $5M loan amounts. Also offers VA, conventional, and non-QM loans.
JMAC Lending
CA
DSCR loans available in select states. Min DSCR 0.75, max LTV 75%, min FICO 660-700.
Kiavi
San Francisco, CA
Technology-driven lender (formerly LendingHome). $16B+ in loans funded. DSCR rental loans and bridge loans for fix-and-flip.
Lending One
Boca Raton, FL
National direct lender for real estate investors. Fix-and-flip, bridge, and 30-year DSCR rental loans. $5B+ in originations.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
North American Savings Bank
Kansas City, MO
Offers 11 types of non-QM loans including bank statement, asset depletion, DSCR, and bridge. 100,000+ mortgages closed since 2010, $30B+ loaned.
RCN Capital
South Windsor, CT
Nationwide private lender for fix-and-flip, bridge, and rental loans. Fast closings and flexible terms.
Fargo Commercial Real Estate Market
Fargo-Moorhead is the largest metro area in North Dakota, with a diversified economy that has outperformed the state's oil-dependent western region during energy downturns. The downtown Fargo submarket has seen significant reinvestment along Broadway and the adjacent Innovation District near North Dakota State University, where tech startups and coworking spaces have clustered. The West Fargo corridor along I-94 is the primary growth area for retail and industrial development, benefiting from strong population growth that has made Fargo one of the fastest-growing small metros in the Midwest. Healthcare anchors from Sanford Health and Essentia Health drive consistent medical office demand across the metro.
Key Economic Drivers
- ●North Dakota State University research and technology transfer fueling the downtown Innovation District
- ●Sanford Health's regional headquarters and medical campus generating sustained healthcare-related CRE demand
- ●Microsoft's Fargo campus and a growing base of tech companies including Appareo Systems and Packet Digital
- ●Agricultural services and food processing companies like Cass-Clay Creamery supporting industrial space absorption
Market Insight
North Dakota has no corporate income tax on the first $25,000 of taxable income and offers a Renaissance Zone program in downtown Fargo that provides up to five years of income and property tax exemptions for qualifying commercial investments.
DSCR Loans in Fargo, North Dakota
Debt Service Coverage Ratio (DSCR) loans let real estate investors qualify based on the property's rental income rather than personal income or employment. Ideal for investors building a portfolio without traditional income documentation. In the Fargo metro area, borrowers can access 42 lenders offering DSCR financing, including Moorhead, West Fargo, and surrounding areas. Loan amounts typically range from $100K to $5M with rates from 7.0% - 9.5%.
Who Should Consider DSCR Loans?
- Real estate investors
- Portfolio builders
- Self-employed borrowers
- Foreign nationals
Key Requirements
- Minimum credit score: 620-680
- DSCR ratio ≥ 1.0
- Down payment: 20-25%
- Property must be investment (not owner-occupied)
Advantages
- ✓No personal income verification
- ✓Unlimited properties
- ✓Fast closing
- ✓LLC/entity vesting allowed
Considerations
- •Higher rates than conventional
- •Larger down payment
- •Prepayment penalties common
- •Minimum DSCR ratio required (typically 1.0-1.25)
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