Fargo Hard Money Lender

Fargo Hard Money Lender

In the Fargo real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Fargo hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Fargo Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Fargo.

What Do Fargo Hard Money Lenders Specialize in?

Fargo hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Fargo Hard Money Loans?

Fargo hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Fargo Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Fargo hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Fargo even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Fargo Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Fargo?

Interest rates for hard money loans in Fargo are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Fargo, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Fargo Hard Money Lender?

There are many benefits to working with a Fargo hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Fargo Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Fargo, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Fargo?

When you want a hard money loan in Fargo, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Fargo using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Fargo Hard Money Loan?

Refinance a Fargo hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Fargo hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in North Dakota: Hard money loans in North Dakota

Current Real Estate Trends In Fargo (2024)

Real estate trends in Fargo, North Dakota show a balanced market with steady growth.

Median home listing prices stand at $341.2K, and median listing prices per square foot come out to $147.

The median sold home price hovers around $256K, and homes in Fargo tend to sell close to their original asking price.

The supply of homes is equal to the demand, with an average of 56 days on the market before a sale. However, the median days on the market have been increasing recently.

Despite this, Fargo remains an attractive investment option, as it has experienced a 3.3% increase in home value over the last year.

The average home value in Fargo is $290,476 and homes typically go pending after about 24 days.

With a balanced market and regular growth, Fargo’s real estate market offers potential for both short-term and long-term investments.

Home Values

The average home value in Fargo is currently $290,476, indicating a 3.3% increase over the past 12 months. This hints at a positive trend in the real estate market in Fargo, with homes going pending in an average of 24 days.

These figures point to the robust performance of Fargo’s housing market, with home values steadily rising and properties selling swiftly. By examining these trends and market conditions, one can gain valuable insight for potential buyers and investors in the Fargo real estate market.

It is important to take these aspects into consideration when analyzing the market overview and making prudent decisions with regards to property investments.

Market Overview

Amidst the bustling Fargo housing market, a comprehensive overview reveals key insights into inventory, list prices, sale prices, and the ratio between them, supplying vital information for potential buyers and sellers.

At present, there are 351 homes for sale in Fargo as of October 31, 2023. During October, 116 new listings appeared, showing a lively market.

The median sale to list ratio in September was 0.998, implying that houses in Fargo are selling almost at their asking prices. The median sale price in September was $276,000, while the median list price as of October 31, 2023, was $316,687.

These figures demonstrate a competitive market where properties are selling rapidly and close to their asking prices. This overview furnishes valuable insights for people pondering buying or selling a home in Fargo.

Looking ahead, let’s explore the investment prospects in this vibrant real estate market.

Investment Opportunities

Fargo is a great place for real estate investment. With a median sale price of $276,000 in September 2023 and a median list price of $316,687 in October 2023, there is potential for growth in property values.

The sale-to-list ratio of 0.998 suggest that homes are selling close to their asking prices. There are currently 351 homes for sale and 116 new listings as of October 2023, which provides a steady supply of properties to choose from.

The average home value is $290,476 and has increased 3.3% over the past year. All these factors make Fargo an attractive location for investors.



All About Fargo

Fargo, North Dakota is located along the western bank of the Red River of the North and is famous for its agricultural land and occasional floods. But do not let this put you off, as there is plenty more to Fargo!

It has seen much expansion and development in recent years and has earned the title of Gateway to the West. With an extensive infrastructure with two interstates and an international airport, Fargo is an energetic hub for culture, commerce, healthcare, education, and industry.

Popular spots such as the Plains Art Museum and the Fargo Civic Center add to the city’s charm.

Location and Geography

Fargo is situated on the western bank of the Red River of the North in North Dakota, United States. It is part of the Fargo-Moorhead metropolitan area and is located in Cass County.

The land in this area is formed by the glacial Lake Agassiz withdrawal and is marked by rich agricultural use due to its fertile soil.

Unfortunately, Fargo is prone to seasonal floods caused by its closeness to the Red River. After the damaging flood in 2009, the city and Moorhead have taken considerable action for flood protection.

Now that we have an understanding of the city’s location and geography, let’s delve into its past and what has made it the vibrant city it is today.

Early History

Founded in 1871, this vibrant city on the Red River of the North floodplain has a rich history. It was originally named Centralia, and later renamed Fargo. It had two distinct areas: one well run by the Northern Pacific engineers, and the other known for its lawlessness and desperate characters.

Growth began with the arrival of the Northern Pacific Railroad, and Fargo was soon known as the Gateway to the West. Despite a major fire in 1893, the city continued to expand.

In 1890, North Dakota Agricultural College (now North Dakota State University) was founded, further contributing to the development of the area.

After World War II, Fargo-Moorhead had a period of rapid growth. The city has since continued to expand and evolve.

Growth and Development

Fargo has faced many challenges over the years, including a major fire in 1893. Despite this, the city has seen tremendous growth and development since the arrival of the Northern Pacific Railroad. This transportation connection made Fargo a major commercial hub, drawing settlers and businesses from all over the world.

The fire did not impede Fargo’s growth in the slightest, rather it provided an opportunity to rebuild and improve. The North Dakota Agricultural College, now known as North Dakota State University, was established in 1890, further contributing to the city’s development as an educational and intellectual center. After World War II, Fargo-Moorhead saw a surge in growth, and the city has been rapidly expanding ever since.

Today, Fargo is a bustling city with a thriving economy and a variety of industries. It is a cultural, retail, healthcare, educational, and industrial center, and home to major companies like Microsoft and Sanford Health. With a consistently low unemployment rate, Fargo is a testament to its strong economic foundation.

Fargo’s landmarks and attractions have also flourished with the city’s growth and development. From the Plains Art Museum and Fargo Civic Center to the Veterans Memorial Bridge and Fargo Air Museum, there is something for everyone to enjoy. Each of these attractions is a reminder of the city’s history and its vibrant present.

Landmarks and Attractions

Fargo has grown and developed to become a city with vibrant symbols of its history and present.

The Plains Art Museum stands out as a cultural attraction, displaying a mix of traditional and modern art. It is located in downtown Fargo and offers visitors shows, educational programs, and various community events.

The Fargo Civic Center is another landmark, which is used to hold a variety of activities and performances yearly. Concerts, conventions, and sports events are just a few of the things hosted there.

The Veterans Memorial Bridge is a critical landmark, connecting Fargo to neighboring Moorhead, Minnesota, and representing respect and remembrance for the city’s veterans.

Aviation fans should visit the Fargo Air Museum, which provides a glimpse into the history of flying with its collection of vintage aircraft and exhibits.

Lastly, the Cathedral of St. Mary is a significant religious site, with its gorgeous architecture and historic importance.

Throughout your exploration of the landmarks and attractions in Fargo, you may also discover its flourishing economy. This is driven by its culture, retail, healthcare, education, and industrial sectors. Downtown is bustling and the regional technology and healthcare hubs provide a lot of opportunity for both locals and businesses.


Fargo is a flourishing economic center, with its cultural, retail, healthcare, educational, and industrial sectors contributing to its growth and development. Microsoft and Sanford Health, two well-known companies, have set up regional campuses in the city, making it a regional technology and healthcare hub.

North Dakota State University is also a big part of the city’s economy, as it is a major research university.

The Fargo-Moorhead Metropolitan Statistical Area has had low unemployment rates, showcasing the strength of its economy. It has two interstates, I-29 and I-94, which offer convenient transportation links. Additionally, the West Acres Shopping Center, the largest mall in North Dakota, provides a diverse retail experience for people living in and visiting the city.

Fargo is constantly working on projects that promote innovation and progress. The FM Diversion project is one example, as it aims to floodproof the metro for 500-year floods. The city also puts a lot of focus on education, with various schools and colleges contributing to a highly educated workforce.

Fargo continues to be a dynamic and prosperous city, drawing in businesses, residents, and visitors. It is clear that the city is committed to its success and growth.