DSCR Loans New Jersey
1–4 unit residential properties, $1M max loan amount, close in 14 days.
DSCR Loans in New Jersey
Debt Service Coverage Ratio loans qualify based on rental income vs. debt obligations. Perfect for landlords and investors building rental portfolios in New Jersey.
- 660+ mid credit score required
- 1–4 unit residential properties only
- $1M max loan amount
- Close in 14 days
- No rural properties
Airbnb Rental Loans in New Jersey
Designed for short-term rental investors. Qualification is based on credit and property value, not DSCR or projected Airbnb rents.
- 650+ mid credit score required
- 75% loan-to-value
- 1–4 unit residential properties only
- $1M max loan amount
- Close in 14 days
- No rural properties
New Jersey Loan Program Comparison
| Program | Credit Score | Property Type | Max Loan | LTV | Timeline | Notes |
|---|---|---|---|---|---|---|
| DSCR Loans New Jersey | 660+ | 1–4 unit residential | $1M | Based on DSCR | 14 days | No rural properties |
| Airbnb Rental Loans New Jersey | 650+ | 1–4 unit residential | $1M | 75% | 14 days | No DSCR, no Airbnb rents |
Frequently Asked Questions – New Jersey
1. What properties qualify for DSCR loans in New Jersey?
Only 1–4 unit residential properties, $1M max loan amount, no rural properties.
2. Do DSCR loans in New Jersey require tax returns?
No. Qualification is based on rental income coverage, not personal income or tax returns.
3. How fast can DSCR loans close in New Jersey?
Typically within 14 days.
4. What is the minimum credit score for DSCR loans in New Jersey?
660+ mid credit score is required.
5. Do Airbnb rental loans in New Jersey use DSCR or Airbnb rents?
No. Airbnb rental loans qualify based on credit and property value only.
6. What is the minimum credit score for Airbnb rental loans in New Jersey?
650+ mid credit score is required.
7. What is the maximum LTV for Airbnb rental loans in New Jersey?
75% loan-to-value.
8. Are DSCR or Airbnb loans available in rural areas of New Jersey?
No. These programs do not lend in rural areas.
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