DSCR Loans in Passaic County, New Jersey
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
LinkedIn35 closed transactionsNLPI LLC, NJ entity ID 0451062247 (verify on the NJ business search)
Dominick Prevete arranges DSCR loans across Passaic County, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.125% (October 2026), and most close in 14 days. In 2025 HMDA data, 142 lenders made 904 investment-property loans there, 4.9% of New Jersey's total; the most active are in the table below.
Passaic County investor market at a glance
| Statistic | Passaic County | New Jersey | County rank |
|---|---|---|---|
| Investor loans | 904 | 18,316 | 10th of 20 |
| Reporting lenders | 142 | 439 | 12th of 20 |
| Loan volume | $398.9M | $7.88B | 9th of 20 |
| Average loan | $441K | $430K | 9th of 20 |
| Median loan | $445K | $365K | 7th of 20 |
| Purchases | 48.5% | 56.9% | 17th of 20 |
| Cash-out refinances | 36.0% | 26.0% | 3rd of 20 |
| 2–4 unit properties | 63.7% | 30.0% | 2nd of 20 |
| Top five lenders' share | 31.7% | 24.4% | 10th of 20 |
| Reported business-purpose | 85.0% | 81.1% | 3rd of 20 |
Passaic County: closed-end loans on 1–4 unit investment properties. Passaic County's rank is highest first, among New Jersey's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Passaic County's investor loans.
What stands out in Passaic County
63.7% of Passaic County's investor loans financed a 2–4 unit property, the second-highest share of New Jersey's 20 counties with published data (statewide: 30.0%).
2–4 unit properties are common here. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
36.0% of Passaic County's investor loans were cash-out refinances, the third-highest share of New Jersey's 20 counties with published data (statewide: 26.0%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
By share of investor loans reported as business-purpose, Passaic County ranks third-highest of New Jersey's 20 counties with published data (statewide: 81.1%).
85.0% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
Who are the DSCR and investment-property lenders in Passaic County?
The most active investment-property lenders in Passaic County in 2025 HMDA data were CHAMPIONS FUNDING, LLC; CROSSCOUNTRY MORTGAGE, INC.; and Loan Funder LLC, out of 142 lenders that reported. HMDA doesn't flag which loans were DSCR loans, so this list mixes DSCR and conventional investment-property lenders. Dominick Prevete places DSCR loans across 100+ lenders, including several that reported in Passaic County, and matches each file to the one most likely to fund it.
Passaic County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 904 loans and $398.9M from 142 lenders. CHAMPIONS FUNDING, LLC led Passaic County with 103 loans, 11.4% of the county's total, and the average Passaic County loan of $441K compares with $430K across New Jersey.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| CHAMPIONS FUNDING, LLC | 103 | $39.3M | $381K | 47.6% |
| CROSSCOUNTRY MORTGAGE, INC. | 59 | $26.6M | $451K | 47.5% |
| Loan Funder LLC | 54 | $26.8M | $497K | 55.6% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 39 | $19.5M | $501K | 46.2% |
| Emporium TPO LLC | 32 | $16.0M | $499K | 53.1% |
| Kiavi Funding, Inc. | 31 | $13.5M | $434K | 71.0% |
| THE LOAN STORE, INC. | 23 | $10.4M | $452K | 43.5% |
| MLD MORTGAGE INC. | 20 | $11.1M | $553K | 30.0% |
| Logan Finance Corporation | 17 | $8.6M | $507K | 11.8% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 17 | $6.1M | $361K | 52.9% |
| ABL RPC Residential Credit Acquisition LLC | 16 | $11.0M | $687K | 6.2% |
| GUARANTEED RATE, INC. | 16 | $7.3M | $457K | 68.8% |
| CONSTRUCTIVE LOANS, LLC | 15 | $7.1M | $475K | 20.0% |
| Rocket Mortgage, LLC | 14 | $6.2M | $441K | 42.9% |
| ICE LENDER HOLDINGS LLC | 14 | $5.2M | $372K | 35.7% |
| Hometown Equity Mortgage, LLC | 13 | $6.2M | $476K | 61.5% |
| NATIONWIDE MORTGAGE BANKERS, INC. | 13 | $5.8M | $448K | 69.2% |
| Commerce Home Mortgage, Inc. | 13 | $5.6M | $429K | 38.5% |
| CMG MORTGAGE, INC. | 12 | $5.7M | $473K | 66.7% |
| FIRST COLONY MORTGAGE CORPORATION | 11 | $4.8M | $433K | 18.2% |
| A&D Mortgage LLC | 11 | $4.4M | $401K | 45.5% |
| Loandepot.Com, LLC | 11 | $3.9M | $357K | 54.5% |
| BPL MORTGAGE TRUST, LLC | 10 | $5.3M | $531K | 40.0% |
| Paramount Residential Mortgage Group, Inc. | 10 | $4.6M | $462K | 80.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 10 | $4.4M | $441K | 60.0% |
590 New Jersey loans (3.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Passaic County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Passaic County CSV, all 25 lenders
What Passaic County's table can't show you: fit. Short-term financing is exempt from HMDA, so Passaic County's fix-and-flip and bridge lenders barely appear among its 142 filers, and none of the 25 names above tells you whose guidelines match your deal, your entity, or your timeline. That's the job. Dominick Prevete structures your file and places it across 100+ lenders — including several on this list — so it lands with the one most likely to fund it.
Price your loan →National Loan Provider is an independent broker and maintains wholesale relationships with some listed lenders. Appearing in this table is not an endorsement or a recommendation.
What Passaic County deals has Dominick Prevete closed?
The proof is a closing, not a promise.
- $526,750Clifton, NJ
4-unit · DSCR cash-out refinance · closed October 2025
- $533,700Paterson, NJ
3-unit · DSCR cash-out refinance · closed June 2025
- $533,700Paterson, NJ
3-unit · DSCR cash-out refinance · closed June 2025
- $533,700Paterson, NJ
3-unit · DSCR cash-out refinance · closed June 2025
- $533,700Paterson, NJ
3-unit · DSCR cash-out refinance · closed May 2025
- $533,700Paterson, NJ
3-unit · DSCR cash-out refinance · closed May 2025
- $533,700Paterson, NJ
3-unit · DSCR cash-out refinance · closed May 2025
These are closings Dominick Prevete arranged personally, 7 of the 35 on his closed transactions record, which lists each one's leverage, coverage and rate at closing.
Run the coverage test on your Passaic County deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Passaic County property's rent, loan, taxes and insurance to see where it lands.
Principal and interest on a thirty-year amortization, plus taxes, insurance and HOA.
Enter the rent, loan amount, rate, taxes and insurance to see the coverage ratio.
Sources
- CFPB / FFIEC HMDA Data Browser — Passaic County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 142 lenders and 904 loans: 2025 HMDA loan-level data rolled up to Passaic County.
- Passaic County investor-lender dataset (CSV) — All 25 Passaic County lenders in the table, CHAMPIONS FUNDING, LLC first, with volume, average loan and purchase share for each.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.125%, as of October 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.