Est. $2,925/mo principal & interest on a $434,141 loan (75% LTV) at 7.125%, today's published DSCR sample rate (August 17, 2026). Taxes, insurance, and HOA aren't included, so lender-calculated DSCR will run lower. Source data and methodology: the full 50-state study.
What is a DSCR loan?
A DSCR (debt-service coverage ratio) loan is a rental property mortgage that qualifies you on the property's rent versus its payment — not your personal income, tax returns, or employment history. It's built for real estate investors buying in New Jersey and anywhere else in the U.S.
New Jersey DSCR loan FAQ
What is a DSCR loan in New Jersey?+
A DSCR (debt-service coverage ratio) loan qualifies you on the rental property's cash flow instead of your personal income or tax returns. Lenders compare the property's monthly rent to its monthly payment — no W-2s, pay stubs, or employment verification required.
Does rent cover the payment on a typical New Jersey rental?+
On a median-value New Jersey home at 75% LTV, the typical rent in Trenton, NJ is $2,623/month against an estimated principal-and-interest payment of $2,925 — a 0.90x coverage ratio. That means the median deal doesn't fully cover the payment; taxes, insurance, and HOA aren't included, so lender-calculated DSCR will run lower. Actual coverage depends on your specific property and rent.
What credit score do I need for a DSCR loan in New Jersey?+
Most DSCR lenders look for a 640+ credit score, though pricing improves at 700+. Because approval is driven by the property's cash flow, a lower DSCR ratio can sometimes be offset with stronger credit or a larger down payment.
How much down payment does a New Jersey DSCR loan require?+
Typical DSCR down payments run 20–25% (75–80% LTV) for single-family and small multifamily rentals. The figures on this page assume 75% LTV. Lower LTV usually means easier qualification and better pricing.
Can I use a DSCR loan for a short-term rental in New Jersey?+
Many DSCR programs allow short-term and mid-term rental income (using projected or market rent) in addition to standard long-term leases, though overlays vary by lender and by New Jersey market. Bring your specific property and we'll match it to a program.