Conventus for North Dakota investors
Conventus is a direct DSCR lender with a short-term rental underwriting focus, licensed in California plus 44 other states (45 total). The company does not publish minimum credit score, DSCR, loan size, or rate figures in the sources reviewed; borrowers should request current terms directly.
North Dakota context
North Dakota steady DSCR. Oil/gas economy volatile.
How Conventus positions in North Dakota
The North Dakota lender pool for DSCR includes Conventus among the active platforms. North Dakota top metros (Fargo, Bismarck, North Dakota) see meaningful Conventus loan volume.
City-level coverage in North Dakota
Conventus provides DSCR coverage across North Dakota metros including Fargo, Bismarck, and North Dakota. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Conventus program terms apply uniformly across North Dakota metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR, STR DSCR |
| Loan size | — - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | Not publicly published |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| North Dakota property tax | 1% |
| North Dakota state income tax | 2.9% |
Conventus strengths in North Dakota
- Short-term rental DSCR underwriting focus
- Direct lender
- Licensed in California plus 44 other states (45 total)
Ideal borrower: Short-term rental investor seeking a DSCR lender that specializes in STR underwriting.
FAQ
Yes, operates nationally including North Dakota. Conventus is based in an undisclosed location and operates nationally.
Fargo is the top investor market in North Dakota and falls within Conventus national coverage. Fargo property tax follows the North Dakota state rate of 1 percent. Conventus typically underwrites Fargo acquisitions at standard rate sheets.
Yes. Bismarck ranks among the larger North Dakota investor metros and sees consistent DSCR loan volume from Conventus. Submarket variation within Bismarck matters for property selection.
Conventus applies the same rate sheet across North Dakota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Fargo, Bismarck, and North Dakota all qualify for the same Conventus program.
Conventus does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
North Dakota steady DSCR. Oil/gas economy volatile. Conventus follows standard business-purpose loan structures.
Conventus funds rental DSCR, STR DSCR in North Dakota.
North Dakota allows standard DSCR prepay structures; Conventus typically uses 3-5 year step down.
Conventus typical close: Not publicly published.
Bottom line
For North Dakota DSCR borrowers, Conventus is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Conventus.