Bismarck investors use DSCR loans to hold cash-flowing rentals with 30-year terms, predictable payments, and underwriting centered on property income rather than tax returns.

What DSCR Lenders Look For

DSCR ≥ 1.00 (higher improves pricing); conservative LTV for newer investors; solid property type and rentability with clean leases or strong market rent support.

How to Prepare a Clean DSCR File

Leases or the appraiser’s rent schedule, entity documents and IDs, bank statements for reserves, and an insurance binder naming the lender as mortgagee. Choose a prepayment option that aligns with your planned hold—lower rates usually come with a prepay.

Typical Use-Cases in Burleigh County

Refi from a bridge loan after rehab and stabilization; purchase with tenant in place or vacant with market rent support; cash-out refi to fund the next acquisition while maintaining healthy DSCR.

Q&A

Short-term rentals? Case by case with data support.
Mixed-use properties? Possible; underwriting varies by asset mix.
Cash-out allowed? Yes, within LTV and DSCR limits.

hard money lender in Bismarck