DSCR LOANS · North Dakota (ND) Underwriting Matrix

North Dakota DSCR Rental Loans (1–4, 5–8, 5–9, 5–10, 5–25 & 5+ Units) — 2026 Rates, LTV Caps & State Rules

North Dakota DSCR Loans provide business-purpose real estate investors with Up to 80% LTV Purchase / 75% Cash-Out across loan amounts from $100,000 – $15,000,000+ at 6.375% – 8.25% (Wholesale Tier Dependent) (30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO, 620 – 660+ FICO min FICO, 14 – 21 Business Days close). In North Dakota (ND), lenders underwrite to a Judicial (District Court Action) statutory framework (130–180 days-day average timeline), a 0.98% average property tax rate (~$216/mo at the $265,000 state median), and $590/$100K hazard insurance (~$130/mo).

Max Leverage / LTC

Up to 80% LTV Purchase / 75% Cash-Out

Min FICO: 620 – 660+ FICO

2026 Rate Band

6.375% – 8.25% (Wholesale Tier Dependent)

30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO

ND Security Instrument

Judicial (District Court Action)

130–180 days days avg timeline

ND Avg Tax & Ins

0.98% Tax

$590/$100K Hazard Ins

How DSCR Loans Work in North Dakota (ND)

Debt Service Coverage Ratio (DSCR) loans qualify real estate investors strictly on the subject property’s rental cash flow (DSCR = Monthly Rent ÷ Monthly PITIA for 1–4 units, or Annual NOI ÷ Debt Service for 5+ units) rather than personal W-2s or federal tax returns. Loan Daddy LLC (NMLS #2827624) underwrites 1–4, 5–8, 5–9, 5–10, 5–25, and 5+ unit properties up to 80% LTV nationwide.

1. North Dakota Median Benchmark

Median 1–4 unit price of $265,000 (75% LTV = $198,750) with Form 1007 rent of $1,980/mo and multifamily rent of $1,180/door.

2. Escrow & Title Underwriting

North Dakota operates under a Judicial (District Court Action) regime (130–180 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.

3. Fast-Track Closing (14 – 21 Business Days)

Close in your North Dakota LLC or Delaware LLC registered in ND with zero personal tax returns, W-2s, or 4506-C transcripts.

Explore Other Programs in North Dakota

North Dakota Hard Money Loans (Up to 85%–90% LTC / 75% ARV)North Dakota Private Money Loans (Up to 80% LTV / 85% LTC)North Dakota Fix & Flip Loans (Up to 90% Purchase + 100% Rehab (75% ARV Cap))North Dakota Bridge Loans (Up to 80% LTV Acquisition / 75% Bridge Cash-Out)North Dakota Ground-Up Construction (Up to 85% LTC / 70%–75% Completed ARV)North Dakota Multifamily (5+ Units) (Up to 75%–80% LTV Purchase / 70%–75% Cash-Out)North Dakota Commercial Property (Up to 75% LTV)North Dakota Rehab & BRRRR Loans (Up to 85%–90% LTC + 100% Rehab Escrowed)North Dakota Cash-Out Refinance (Up to 75% LTV Cash-Out (Select 80% LTV Tiers))