New Jersey at a glance for borrowers
- New Jersey taxes wage income, which matters when tax returns are used to qualify; bank statement and DSCR loans sidestep that.
- New Jersey charges a realty transfer fee to sellers and a mansion tax to buyers above $1 million, both of which matter to fix and flip exit math.
- Major markets we see: Newark, Jersey City, Paterson, Elizabeth, Trenton, Camden, Lakewood, Edison, Woodbridge, Toms River, Hamilton, Clifton, Cherry Hill, Brick, Bayonne, Passaic, East Orange, Union City, Franklin, Middletown, Gloucester, North Bergen, Vineland, Irvington, Piscataway, Hoboken, Union, Jackson, Parsippany-Troy Hills, New Brunswick, Perth Amboy, Plainfield, Wayne, Howell, Bloomfield, West New York.
Investor loans in New Jersey
DSCR Loans in New Jersey
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorDSCR Cash-Out Refinance in New Jersey
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorFix and Flip Loans in New Jersey
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorShort-Term Rental (Airbnb) DSCR Loans in New Jersey
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
InvestorBridge Loans in New Jersey
A bridge loan is short-term (usually 6–24 months) investor financing secured by real estate that “bridges” you from a purchase to a sale or long-term refinance.
InvestorHard Money Loans in New Jersey
A hard money loan is a short-term investment-property loan from a private lender that approves mainly on the property’s value and the deal, not your income or credit history.
InvestorGround-Up Construction Loans in New Jersey
An investor construction loan funds land (or a land payoff) and vertical construction of a new 1–4 unit home in draws, then is repaid by sale or a permanent refinance.
InvestorForeign National Loans in New Jersey
A foreign national loan lets a non-US citizen who does not live in the US finance a US investment property or second home without a US credit history or Social Security number.
InvestorMultifamily Loans (5+ Units) in New Jersey
A multifamily loan finances apartment buildings with five or more units and is underwritten as a commercial loan on the property’s net operating income (NOI).
Investor1031 Exchange Loans in New Jersey
A 1031 exchange loan finances the replacement property in a like-kind exchange, where investors defer capital gains tax by reinvesting sale proceeds into another investment property.
Home loans in New Jersey
Bank Statement Loans in New Jersey
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in New Jersey
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanVA Loans in New Jersey
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanConventional Loans in New Jersey
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
Home loanFirst-Time Homebuyer Loans in New Jersey
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanCash-Out Refinance in New Jersey
A cash-out refinance replaces your current mortgage with a larger one and pays you the difference in cash, commonly up to 80% of your home’s value on a primary residence.
Home loanJumbo Loans in New Jersey
A jumbo loan is a mortgage larger than the FHFA conforming loan limit for your county, used for higher-priced homes.
Home loanUSDA Loans in New Jersey
A USDA loan is a mortgage guaranteed by the U.S.
Home loanFHA 203(k) Renovation Loans in New Jersey
An FHA 203(k) loan finances both the purchase (or refinance) of a home and the cost of repairing it in a single FHA-insured mortgage, with as little as 3.5% down.
Home loanCondo Loans in New Jersey
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Home loanSecond Home Loans in New Jersey
A second home loan finances a vacation or part-time residence you occupy for some of the year, often with as little as 10% down on a conventional loan.
Cities
- Newark, NJ
- Jersey City, NJ
- Paterson, NJ
- Elizabeth, NJ
- Trenton, NJ
- Camden, NJ
- Lakewood, NJ
- Edison, NJ
- Woodbridge, NJ
- Toms River, NJ
- Hamilton, NJ
- Clifton, NJ
- Cherry Hill, NJ
- Brick, NJ
- Bayonne, NJ
- Passaic, NJ
- East Orange, NJ
- Union City, NJ
- Franklin, NJ
- Middletown, NJ
- Gloucester, NJ
- North Bergen, NJ
- Vineland, NJ
- Irvington, NJ
- Piscataway, NJ
- Hoboken, NJ
- Union, NJ
- Jackson, NJ
- Parsippany-Troy Hills, NJ
- New Brunswick, NJ
- Perth Amboy, NJ
- Plainfield, NJ
- Wayne, NJ
- Howell, NJ
- Bloomfield, NJ
- West New York, NJ
Costs & taxes in New Jersey
FAQ
Do you offer mortgages in New Jersey?
Yes. We arrange both investor loans and owner-occupied home loans for New Jersey properties. Our licensed states are growing, submit your scenario and we will confirm the licensed loan officer for your state.
Can out-of-state investors buy rentals in New Jersey?
Yes. DSCR and fix and flip loans are based on the property, so you do not need to live in New Jersey.