North Dakota Fix and Flip Loan

Last Updated: April 13, 2025

Welcome to OfferMarket’s Fix and Flip Loan Program, crafted especially for real estate investors in North Dakota! Whether you're flipping homes in Fargo, working on a project in Bismarck, or exploring rural opportunities near Grand Forks or Williston, our program offers the capital and flexibility you need to succeed. Let’s explore how our loan program works, the key terms, and what you can expect when you apply.

Why a Fix and Flip Loan in North Dakota is a Smart Investment

North Dakota boasts a growing real estate market with significant opportunities, from its robust urban hubs like Fargo and Bismarck to scenic rural areas across the state. Whether you’re rehabbing a fixer-upper in a historic neighborhood or looking for hidden gems in smaller communities, a Fix and Flip loan here can help you capitalize on undervalued properties.

Thanks to North Dakota’s steady job market—driven by energy, agriculture, technology, and other growing sectors—demand for housing has remained resilient. By leveraging OfferMarket’s Fix and Flip Loan, you can secure the funds you need to purchase, renovate, and sell properties at a profit.

What You Get with OfferMarket’s Fix and Flip Loan in North Dakota

At OfferMarket, we tailor our loan structure to accommodate both first-time flippers and seasoned investors. Here’s what makes our Fix and Flip Loan program stand out:

1. Loan Amount Details

• Minimum Loan Amount: $25,000 – Perfect for smaller-scale or quick flips.

• Maximum Loan Amount: $2,000,000 – Suitable for large-scale projects. Note that loans over $1M require 3+ years of experience and strong comparable sales (comps).

• How It Works: Your loan size is determined by the purchase price, rehab budget, and After Repair Value (ARV), ensuring you get appropriate funding for your project.

2. After Repair Value (ARV) Requirements

• Minimum ARV: $100,000 – This threshold ensures that the project remains profitable.

• Maximum Loan-to-ARV (LTARV): Up to 75% – We’ll adjust based on experience. Beginners may qualify for 70% for lighter rehabs, while experienced flippers can get 75% for moderate jobs.

• Valuation: We use appraisals (e.g., 1004 + 1007 for single-family homes) or in-house valuations to determine ARV accurately and swiftly.

3. Funding Breakdown

• Initial Advance: Up to 90% of the purchase price, based on experience. Beginners receive 80%, while pros get 90%. We may adjust if credit scores fall below 720 or if you’re a licensed contractor (+10%).

• Construction Holdback: Up to 100% of rehab costs, disbursed through a convenient app-based draw system with a rapid 0–2 day turnaround.

• Down Payment: Minimum of $10,000 for properties under $100K.

• Draws: No minimum or maximum. We fund 50% of materials once they’re delivered (even if not installed), ensuring smooth cash flow.

4. Interest Rates and Fees

• Interest Rate: Varies with market conditions. Contact us for the current rate on your project.

• Origination Fee: 1.5 to 2 points (minimum $2,000). For instance, 2 points on a $100,000 loan = $2,000.

• Other Fees: $270 per draw, $30 wire fee, plus appraisal costs (paid by you).

• Interest Accrual: For loans under $100K, interest is charged on the full amount. For loans over $100K, you only pay interest on the disbursed funds.

5. Loan Term

• Duration: Standard loan term is 12 months, with possibilities for 18–24 months depending on the project’s scope.

• Extensions: Up to 50% of your original term (e.g., 6 months on a 12-month loan). Extension fee is 1% for 3 months or 2.5% for 6 months.

6. Repayment Structure

• Payments: Interest-only with a balloon payment due at maturity, letting you keep more capital in hand during renovations.

• Prepayment Penalty: None. You can repay anytime without extra fees.

• Recourse: Full recourse, with 51% of your LLC or corporation guaranteeing the loan for purchases (100% for refinances).

7. Exit Strategy Requirements

• Sale: A minimum 30% ROI and $15,000 profit is required upon property sale.

• Refinance: Aiming for a 1.1 Debt Service Coverage Ratio (DSCR) post-repair is the target if you plan to refinance.

• Flexibility: You can pivot between selling or renting, depending on North Dakota’s market conditions—a dual-exit option.

8. Eligibility Criteria

• Experience: Not mandatory. New investors start at Tier 1 (80% advance), while those who’ve completed 10+ projects qualify for Tier 5 (90%).

• Credit Score: 680 minimum (with possible exceptions for 660–679).

• Borrowing Entity: Must be an LLC or corporation.

• Cash Reserves: Enough to close plus 25% of your rehab budget in accessible funds (bank, brokerage, or retirement accounts).

9. Project and Property Requirements

• Eligible Properties: 1–4 unit residential—single-family homes (≥700 sq ft), duplex/triplex/quadplex (≥500 sq ft per unit), condos (≥500 sq ft), townhomes, and PUDs.

• Maximum Acreage: Up to 5 acres—excellent for North Dakota’s rural flips.

• Rehab Scope: From light rehabs (under 25% of purchase price) up to extensive (100%+). Beginners are limited to light/moderate rehabs.

• Location: We lend in North Dakota, excluding AK, AZ, HI, IL, MN, NV, OR, SD, UT, VT. Rural properties receive a -20% advance adjustment and require 3+ years of experience.

10. Risk and Approval Process

• Underwriting: We weigh ARV, rehab plans, your background, and local market conditions (e.g., comps in Fargo vs. more rural parts of the state).

• Valuation: Either a professional appraisal or an in-house valuation, depending on your project’s specifics.

• Approval Timeline: Draws are processed within 0–2 days, and initial funding depends on how quickly you submit documentation. We pride ourselves on efficiency.

• Default Rate: Less than 0.5% of our loans ever default. We’re committed to your success.

11. Support and Flexibility

• Guidance: We act as both deal advisors and risk managers. You’ll have access to rehab calculators and personalized scope advice for North Dakota projects.

• Rehab Oversight: Self-serve draw inspections let you manage the process seamlessly.

• Advanced Draws: Subject to our discretion, ensuring timely funding to keep your renovation rolling.

12. Transparency and Fine Print

• Sample Costs: For a $150,000 North Dakota property, you might see:

  • Origination Fee (2 points): $2,000

  • Draw Fee: $270 each

  • Wire Fee: $30 per transfer

  • Rehab Costs: Up to 100% of the rehab budget financed

• Hidden Costs: Draw, wire, and extension fees are all disclosed from the start—no surprises.

• Rural/Complex Terms: Rural flips trigger a -20% advance adjustment, and heavy rehabs may be capped at 70% LTARV or 85–90% Loan-to-Full-Cost (LTFC).

How You Can Profit from North Dakota Real Estate

Let’s check out an example in Fargo to demonstrate how our program could work:

• Purchase Price: $200,000

• Rehab Budget: $60,000

• After Repair Value (ARV): $300,000

Loan Breakdown

• Loan Amount (75% of ARV): $225,000

• Upfront Funding (90% of purchase price for experienced investors): $180,000

• Down Payment: $20,000

• Rehab Funds: $60,000 financed as part of the loan

Profit Breakdown: After renovating and selling the property for $300,000, you pay back the loan. Your remaining profit—minus rehab costs, fees, and closing expenses—can be substantial, especially if the final sale price meets or exceeds your ARV.

Why Choose OfferMarket for Your Fix and Flip Loan in North Dakota?

At OfferMarket, we are committed to fueling the success of both first-time and experienced real estate investors across North Dakota. Our dedication to supporting your ventures goes beyond just providing funds—we strive to be a strategic partner invested in your long-term growth. Whether you’re tackling a small-scale home in Fargo or a larger multi-unit property in Bismarck, here’s why we’re the ideal choice for your fix and flip financing needs:

1. Competitive Loan Terms
   We understand that every flip requires sufficient capital to get the job done right. That’s why we offer up to 90% funding so you can secure the property, invest in the necessary rehab work, and still have the cash flow to navigate unforeseen challenges. Our flexible terms also allow you to negotiate better deals on materials and labor, all while maintaining a comfortable budget for your project.

2. Experienced Advisors
   Our team consists of industry professionals who have hands-on experience in real estate investing, construction, and project management. From the moment you apply through the completion of your rehab, we’re here to provide personalized insights on North Dakota’s unique market trends, neighborhood desirability, and potential property pitfalls. We don’t just hand over a loan; we help you optimize your strategy so you can maximize your profits.

3. Fast Processing
   Time is of the essence in real estate, especially when great opportunities arise in high-demand areas. Our streamlined application and underwriting process ensures that you receive quick draws and swift approvals to keep your rehab schedule on track. You can concentrate on planning your renovation instead of worrying about funding delays—speed and efficiency are at the core of our service.

4. No Prepayment Penalties
   We believe in offering genuine flexibility to our borrowers. Unlike many lenders that lock you into lengthy repayment terms and steep penalties, we encourage you to pay off your loan early if you complete your flip ahead of schedule. This gives you the freedom to move on to your next lucrative project without being hindered by unnecessary fees.

5. Transparency
   We value clear, upfront communication. Before you commit to any loan, we’ll walk you through every fee, term, and potential cost so you can make informed decisions. There are no hidden charges or sudden last-minute surprises. Our mission is to maintain a transparent process from the initial quote to the final loan payoff, enabling you to focus on what really matters—delivering a high-quality flip that meets your profit goals.

By partnering with OfferMarket, you gain more than just a source of capital; you gain a reliable ally in North Dakota’s ever-evolving real estate landscape. From securing advantageous loan terms to tapping into expert guidance, everything we do is aimed at making your fix and flip endeavor a success. Let us help you seize the opportunities North Dakota has to offer and turn your vision into a profitable reality.

North Dakota Fix and Flip Loan: Documentation Requirements

To streamline approvals, we require a set of documents that clarify the details of your project and confirm compliance with our loan guidelines. Below are the key items for purchase and refinance transactions in North Dakota.

Purchase Transaction Requirements

Refinance Transaction Requirements

Special Requirements for Loans Over $1M

If you’re seeking a loan between $1M and our $2M maximum, we impose additional guidelines to confirm your financial stability and project feasibility:

Glossary of Key Terms

Get an Instant Fix and Flip Loan Quote in North Dakota

OfferMarket is your partner for profitable real estate investment in the Peace Garden State. Our Fix and Flip Loan program delivers the flexibility, speed, and competitive terms you need to excel in North Dakota’s market. Take the first step by requesting an instant quote today and embark on your next successful fix-and-flip venture!

Thousands of real estate investors get value from OfferMarket every month. Membership is entirely free and includes the following benefits:

💰 Private lending
☂️ Insurance rate shopping
🏚️ Off market properties
💡 Market insights