We'll get in touch with you shortly. Alternatively, if you want to contact us right away, please call the following number:
North Dakota Jumbo Mortgages
Jumbo Mortgages with as Little as 5% Down
Get flexible jumbo mortgages even when traditional banks say no.
SPEAK WITH AN EXPERT NOW
Jumbo Loan Limits & Requirements in North Dakota
- Loan Amounts: $715K and up with no limit
- Property Types: Residential, Commercial
- Occupancy: Long-Term or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs
- LTVs: Up to 95%
- DTI: 45-50%
- Credit Score: 620+
Ideal For
- People looking for loan amounts above $715k
- People looking for low-down payment options
- People with credit scores under 700
Get Connected to Our Team Right Now.
We believe in the power of personal connection. That's why we make it easy for you to connect with a knowledgeable team member in just 60 seconds.
We're here to listen, understand your unique situation, and provide tailored lending solutions designed to help you achieve your financial goals.
Take the first step towards your financial future by completing our simple form.
What is a Jumbo Loan in North Dakota?
We'll guide you through the North Dakota jumbo mortgage process, helping you each step of the way to secure your mortgage.
What is a Jumbo Loan in North Dakota?
In North Dakota, a jumbo loan is a mortgage that surpasses the standard loan limits set by the Federal Housing Finance Agency (FHFA). For 2024, any loan amount over $766,550 is considered a jumbo loan. Unlike typical loans, jumbo loans aren't backed by the government, which means they often need higher credit scores and larger down payments. But don't worry, at Modern Day Lending, we've got you covered. We offer jumbo loan solutions in North Dakota with options for smaller down payments and more flexible credit score requirements. This makes the process simpler and more accessible for you. So, if you're looking to purchase a home in North Dakota that requires a jumbo loan, we're here to assist you every step of the way.
Do you qualify for a jumbo mortgage in North Dakota? Take this short quiz to find out.
What to Expect When You Work with MDL
It is our team's goal to build long-term relationships with our customers and go the extra mile to guarantee their success.
We work with you every step of the way to find the perfect loan solution.
Connect With Us
Schedule an appointment with one of our experienced loan professionals and we'll work together to create the plan that's right for you.
Review Your Options
Our experts find the best rates, review financials, and find a product that fits both your short term needs as well long-term goals.
Celebrate Your Closing
Close on time and reach your goals. Our team works closely with you throughout the entire process—making sure to celebrate with you when the loan is secured!
What You're Going to Need for Pre-approval in North Dakota
- 2 years W2
- 2 years personal tax returns
- 30 days pay stubs
- 2 months personal asset statements
- Drivers license
- 2 years business tax returns
- YTD Profit and Loss Statement Balance
- 2 years personal tax returns
- 2 months personal asset statements
- Drivers license
Our Recent Fundings
We’ve helped hundreds of clients get the funding they need to purchase their next property. You could be next.
Frequently Asked Questions
Featured Blogs
Discover the benefits of piggyback loans, a unique real estate financing tool that allows you to bypass PMI, lower down payment, achieve greater flexibility, enjoy lower interest rates, and build quic
Navigate the path to jumbo mortgage success, even with low credit scores. Debunk myths about jumbo mortgages, learn effective strategies to boost your credit, and discover how professional guidance ca
Discover the power of leveraging your home's equity through bank statement second mortgages and explore the wealth of opportunities they present. Gain valuable insights into the advantages, applicatio