No W-2. No Tax Returns.
A DSCR loan in Camden qualifies on the property's rent rather than your W-2 or tax returns — business-purpose financing for non-owner-occupied rentals, available to LLCs as standard. What makes Camden its own underwriting problem: New Jersey is judicial and slow to foreclose, with the highest property taxes in the country. That is exactly the kind of variable that one lender's credit box handles badly and thirty handle well, which is how LendingStreet places the file.
Check My Camden Rental Loan Options →The economy runs on Cooper University Health Care, Rutgers–Camden, Rowan University in Glassboro, Subaru of America and Campbell Soup headquarters, and proximity to Philadelphia. The rental stock is pre-war rowhouses in Camden at very low basis, high-basis single-family in Haddonfield and Cherry Hill, and post-war stock across the inner suburbs.
New Jersey is judicial and slow to foreclose, with the highest property taxes in the country. Camden city runs at one of the lowest bases in the Northeast while Haddonfield and Cherry Hill sit at the high end — the same county, entirely different underwriting. Camden offers tax abatement programs on qualifying rehab that affect the DSCR tax line.
Standard ranges across our capital sources: $150,000 to $3.5M, up to 80% LTV on purchase and 75% on cash-out, 1.00 minimum ratio with sub-1.0 and no-ratio at select sources, 660 credit standard with 640 and 620 tiers, 30-year fixed, LLC vesting with personal guaranty, 14 to 21 days to close. Full detail and the current rate floor are on the DSCR loan page. The figures on your file depend on the source, the property and the ratio.
The Camden–South Jersey metro — Camden plus Cherry Hill, Collingswood, Haddonfield, Pennsauken, Gloucester City and Glassboro — and the rest of New Jersey via the New Jersey DSCR page. Investor activity in Camden concentrates in Cooper Grant, Fairview, Parkside, Collingswood, Haddon Township; the loan is underwritten identically anywhere in the metro.
Run the ratio in the DSCR calculator with real Camden tax and insurance figures before you submit — those lines decide more ratios here than the rate does.
Also see: Newark, NJ →Trenton, NJ →
Yes — Camden, Cherry Hill, Collingswood, Haddonfield, Pennsauken, Gloucester City and Glassboro, and the rest of New Jersey.
It affects the lender's side. A faster recovery timeline widens the pool of sources comfortable writing there; a slower one makes some conservative on leverage. We account for it in placement.
STR demand is minimal outside Collingswood and the Philadelphia-adjacent towns; underwrite on long-term rent. We underwrite on long-term market rent.
Typically 14 to 21 days from a complete file. Appraisal is the longest fixed step.
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