Non-QM Loans in Fargo, ND
Find lenders offering non-qm loans in the Fargo, including Moorhead, West Fargo, and surrounding areas. Compare rates, terms, and programs from 33 lenders.
Non-QM Lenders Serving Fargo
33 lenders offering non-qm 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.
Athas Capital Group
CA
Wholesale non-QM lender offering bank statement, DSCR, asset qualifier, and foreign national programs.
Carrington Mortgage Services
Anaheim, CA
Non-QM specialist accepting credit scores as low as 500-550. Programs for borrowers with recent bankruptcy, foreclosure, or non-traditional income. Government and conventional loans too.
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.
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.
New American Funding
Tustin, CA
Large national lender offering non-QM programs including bank statement loans, asset-based loans, and jumbo non-QM. Max loan $2.5M. Also offers conventional and government 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.
Rocket Mortgage
Detroit, MI
Nation's largest online home lender. Offers some non-QM products alongside conventional, FHA, VA, and jumbo loans. Fully digital application process.
Sprout Mortgage
New York, NY
Non-QM wholesale lender. Bank statement, asset depletion, foreign national, and investor programs.
Truss Financial Group
CA
Tailored DSCR and non-QM mortgage solutions. 30-year fixed DSCR loans from $100K to $3M. Also offers 'no ratio' loans.
Acra Lending
CA
Wholesale non-QM lender with a dedicated DSCR program for investment properties. Offers bank statement, asset qualifier, and foreign national programs alongside DSCR.
Arc Home
NJ
Wholesale and correspondent lender offering DSCR loans for real estate investors. Part of Angelo Gordon's platform with competitive non-QM pricing.
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.
Non-QM Loans in Fargo, North Dakota
Non-Qualified Mortgage (Non-QM) loans are for borrowers who don't meet conventional lending criteria — self-employed, irregular income, recent credit events, or foreign nationals. They use alternative documentation like bank statements, asset depletion, or property cash flow to qualify. In the Fargo metro area, borrowers can access 33 lenders offering Non-QM financing, including Moorhead, West Fargo, and surrounding areas. Loan amounts typically range from $100K to $5M with rates from 6.5% - 10%.
Who Should Consider Non-QM Loans?
- Self-employed borrowers
- Bank statement borrowers
- Foreign nationals
- Recent credit events (bankruptcy, foreclosure)
Key Requirements
- Alternative income documentation
- Down payment 10-25%
- Property appraisal
- Minimum credit score varies (580-680)
Advantages
- ✓Alternative income documentation
- ✓Flexible credit requirements
- ✓Available soon after credit events
- ✓Interest-only options
Considerations
- •Higher rates than conventional
- •Larger down payment
- •Limited lender options
- •May require reserves
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