Deephaven Mortgage for North Dakota investors
Deephaven Mortgage is a broker-only DSCR lender with a 660 minimum credit score and a firm 1.00 minimum DSCR. Maximum loan size is $2,000,000, with maximum LTV of 80% on purchase/rate-term and 70% on cash-out refinance. The company does not publish minimum loan size, rate, or state-coverage figures in the sources reviewed.
North Dakota context
North Dakota steady DSCR. Oil/gas economy volatile.
How Deephaven Mortgage positions in North Dakota
North Dakota is well covered by national DSCR lenders, with Deephaven Mortgage as one option. Where Deephaven Mortgage differentiates: 1.00 minimum DSCR. Where it competes: rates not publicly published against peer programs.
City-level coverage in North Dakota
Deephaven Mortgage 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. Deephaven Mortgage 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 |
| Loan size | — - $2.0M |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| North Dakota property tax | 1% |
| North Dakota state income tax | 2.9% |
Deephaven Mortgage strengths in North Dakota
- 1.00 minimum DSCR
- Broker-only origination
- Maximum loan size $2,000,000
- 70% LTV on cash-out refinance
Ideal borrower: Broker-originated borrower with a fully qualifying 1.00+ DSCR.
FAQ
Likely; verify direct North Dakota coverage. Deephaven Mortgage is based in an undisclosed location and operates in states not publicly disclosed.
Fargo is the top investor market in North Dakota and is generally within Deephaven Mortgage states not publicly disclosed footprint. Fargo property tax follows the North Dakota state rate of 1 percent. Deephaven Mortgage 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 Deephaven Mortgage. Submarket variation within Bismarck matters for property selection.
Deephaven Mortgage 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 Deephaven Mortgage program.
Deephaven Mortgage 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. Deephaven Mortgage follows standard business-purpose loan structures.
Deephaven Mortgage funds rental DSCR in North Dakota.
North Dakota allows standard DSCR prepay structures; Deephaven Mortgage typically uses 3-5 year step down.
Deephaven Mortgage typical close: Not publicly published.
Bottom line
North Dakota investors considering Deephaven Mortgage should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Deephaven Mortgage.