New Jersey Investment Property Loans

Andrew Baker is a licensed mortgage loan originator serving New Jersey through West Capital Lending, Inc. In New Jersey, financing is limited to DSCR investment property loans — the property must be a 4+ unit building or a true commercial property. One-to-three unit residential financing is not available in this state.

Do you offer consumer home loans in New Jersey?

No. In New Jersey, Baker Lending is limited to DSCR investment property loans on properties of 4+ units or true commercial real estate. Owner-occupied purchases, refinances, HELOCs, and reverse mortgages are not offered here. Consumer programs are available in the 28 states where the full range of loan types is licensed.

Which programs does Baker Lending offer in New Jersey?

DSCR investment property loans only, and only on 4+ unit or true commercial properties. These qualify on the income the property produces rather than on personal income, so personal tax returns are generally not required. The whole state is served the same way.

Why can't I get a consumer mortgage in New Jersey?

Licensing. Andrew Baker, NMLS 2688601, holds authority in New Jersey that covers business-purpose investment property lending, not consumer-purpose mortgage origination. The restriction is a licensing matter, not a product decision, and it applies to every consumer loan type in the state.

What is a DSCR loan?

A DSCR loan is underwritten on the property's rental income instead of the borrower's. The lender weighs gross rent against principal, interest, taxes, insurance, and association dues to produce a coverage ratio. Requirements for reserves, credit, and down payment vary by lender and by the New Jersey property.