DSCR Loans in New Jersey

Start or scale your real estate investment portfolio in New Jersey with a DSCR loan. DSCR loans in New Jersey enable investors to qualify for a mortgage using rental income rather than personal income. No tax returns or employment verification required.

  • Obtain financing based on cash flow 
  • No-income mortgage solution 
  • Buy or refinance short- and long-term rentals 
  • Unlimited cash-out
  • Competitive DSCR loan rates in New Jersey
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Areas We Serve

Griffin Funding provides DSCR loans to borrowers throughout New Jersey, including the following areas:

  • Edison
  • Haddonfield
  • Lakewood
  • Norwood
  • Ramsey
  • Upper Montclair
  • Deal
  • Avalon
  • Loch Arbour
  • Elizabeth
  • Jersey City
  • Newark
  • Paterson
  • Roseland
  • Woodbridge
  • Alpine
  • Stone Harbor
  • Short Hills

Real Estate Investment Financing in New Jersey

Debt service coverage ratio (DSCR) loans allow real estate investors to qualify for a mortgage based on a property’s cash flow rather than personal income. Instead of reviewing tax returns or pay stubs, we prioritize a property’s DSCR — which measures its income versus its debt obligations — to make a lending decision. This offers a flexible mortgage solution for real estate investors looking to build or expand their portfolio. 

DSCR loans can be used to purchase or refinance long-term and short-term rental properties, with financing available for many different property types and no limit on the number of properties financed. Access up to $20 million in financing while enjoying a streamlined underwriting process with no income or employment verification. 

Visit our DSCR loan page to learn more about this type of financing and see today’s rates. Contact Griffin Funding or get started online to take the first step towards securing a DSCR loan in New Jersey. 

Frequently Asked Questions

New Jersey’s close proximity to other major cities, like New York and Philadelphia, means that it enjoys a consistently high demand for both residential and commercial real estate properties. The state also provides a varied mix of population densities and scenery to suit rural and metropolitan investors alike.

Strong transportation infrastructure, along with a booming tourist economy in beach communities, contribute to strong investment prospects for both short- and long-term rental properties. A good New Jersey real estate investment property can be a profitable addition to any investment portfolio.

One of the best parts about a DSCR loan in NJ is the flexibility and low barrier to entry for newer investors. Provided you can meet a few basic requirements, you can use your prospective investment property’s income potential to qualify for a loan.

For those who encounter difficulty securing an approval for conventional mortgage loans, a New Jersey DSCR loan may be a great alternative. However there are some important factors to make sure it’s a choice that best fits your needs.

DSCR loan rates in New Jersey can be competitive, but are still usually higher than conventional loans. You will also need to be ready for at least a 20% down payment. Lastly, keep in mind that DSCR loans can only be used for New Jersey rental properties, so primary residences and fixer-uppers won’t qualify.