LoanFunders for New Jersey investors
LoanFunders is a direct DSCR lender with a 0.80 minimum DSCR floor (1.15 DSCR required for its best pricing tier) and a 660 minimum credit score. Minimum loan size is $100,000, with maximum LTV of 80% (75% on 2–8 unit properties). The company does not publish maximum loan size, rate, or state-coverage figures in the sources reviewed.
New Jersey context
New Jersey property tax highest in nation. DSCR economics tight.
How LoanFunders positions in New Jersey
New Jersey is well covered by national DSCR lenders, with LoanFunders as one option. Where LoanFunders differentiates: 0.80 minimum DSCR floor (1.15 DSCR for best pricing). Where it competes: rates not publicly published against peer programs.
City-level coverage in New Jersey
LoanFunders provides DSCR coverage across New Jersey metros including Newark, Jersey City, and Atlantic City. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. LoanFunders program terms apply uniformly across New Jersey metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | $100K - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| New Jersey property tax | 2.5% |
| New Jersey state income tax | 10.75% |
LoanFunders strengths in New Jersey
- 0.80 minimum DSCR floor (1.15 DSCR for best pricing)
- Direct lender
- $100,000 minimum loan size
- Maximum 80% LTV (75% on 2–8 unit properties)
Ideal borrower: Investor with at least 0.80 DSCR seeking a direct lender; best pricing available at 1.15+ DSCR.
FAQ
Likely; verify direct New Jersey coverage. LoanFunders is based in an undisclosed location and operates in states not publicly disclosed.
Newark is the top investor market in New Jersey and is generally within LoanFunders states not publicly disclosed footprint. Newark property tax follows the New Jersey state rate of 2.5 percent. LoanFunders typically underwrites Newark acquisitions at standard rate sheets.
Yes. Jersey City ranks among the larger New Jersey investor metros and sees consistent DSCR loan volume from LoanFunders. Submarket variation within Jersey City matters for property selection.
LoanFunders applies the same rate sheet across New Jersey metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Newark, Jersey City, and Atlantic City all qualify for the same LoanFunders program.
LoanFunders does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
New Jersey property tax highest in nation. DSCR economics tight. LoanFunders follows standard business-purpose loan structures.
LoanFunders funds rental DSCR in New Jersey.
New Jersey allows standard DSCR prepay structures; LoanFunders typically uses 3-5 year step down.
LoanFunders typical close: Not publicly published.
Bottom line
New Jersey investors considering LoanFunders should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with LoanFunders.