DSCR Loans in Somerset 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 Somerset 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, 119 lenders made 369 investment-property loans there, 2.0% of New Jersey's total; the most active are in the table below.
Somerset County investor market at a glance
| Statistic | Somerset County | New Jersey | County rank |
|---|---|---|---|
| Investor loans | 369 | 18,316 | 17th of 20 |
| Reporting lenders | 119 | 439 | 16th of 20 |
| Loan volume | $137.7M | $7.88B | 16th of 20 |
| Average loan | $373K | $430K | 11th of 20 |
| Median loan | $345K | $365K | 10th of 20 |
| Purchases | 63.4% | 56.9% | 3rd of 20 |
| Cash-out refinances | 23.3% | 26.0% | 13th of 20 |
| 2–4 unit properties | 21.4% | 30.0% | 10th of 20 |
| Top five lenders' share | 20.6% | 24.4% | 19th of 20 |
| Reported business-purpose | 71.8% | 81.1% | 18th of 20 |
Somerset County: closed-end loans on 1–4 unit investment properties. Somerset County's rank is highest first, among New Jersey's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Somerset County's investor loans.
What stands out in Somerset County
63.4% of Somerset County's investor loans were purchases, the third-highest share of New Jersey's 20 counties with published data (statewide: 56.9%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
The five most active lenders wrote 20.6% of Somerset County's investor loans, the second-lowest share of New Jersey's 20 counties with published data (statewide: 24.4%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
Who are the DSCR and investment-property lenders in Somerset County?
The most active investment-property lenders in Somerset County in 2025 HMDA data were Kiavi Funding, Inc.; Rocket Mortgage, LLC; and Loan Funder LLC, out of 119 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 Somerset County, and matches each file to the one most likely to fund it.
Somerset County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 369 loans and $137.7M from 119 lenders. Kiavi Funding, Inc. led Somerset County with 20 loans, 5.4% of the county's total, and the average Somerset County loan of $373K compares with $430K across New Jersey.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 20 | $10.6M | $532K | 95.0% |
| Rocket Mortgage, LLC | 20 | $4.8M | $238K | 45.0% |
| Loan Funder LLC | 13 | $3.7M | $285K | 61.5% |
| CROSSCOUNTRY MORTGAGE, INC. | 12 | $4.0M | $329K | 75.0% |
| THE LOAN STORE, INC. | 11 | $4.0M | $367K | 45.5% |
| PENNYMAC LOAN SERVICES, LLC | 11 | $3.8M | $341K | 81.8% |
| HOMEXPRESS MORTGAGE CORP. | 9 | $3.6M | $403K | 55.6% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 9 | $3.4M | $373K | 55.6% |
| CHAMPIONS FUNDING, LLC | 9 | $3.3M | $371K | 33.3% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | 8 | $3.5M | $440K | 100.0% |
| GUARANTEED RATE, INC. | 8 | $2.6M | $326K | 62.5% |
| United Nations Federal Credit Union | 7 | $2.8M | $396K | 100.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 7 | $2.4M | $339K | 42.9% |
| EMBRACE HOME LOANS, INC. | 7 | $2.4M | $338K | 85.7% |
| LENDINGONE, LLC | 7 | $1.7M | $242K | 28.6% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | 6 | $2.1M | $357K | 50.0% |
| MLD MORTGAGE INC. | 6 | $1.8M | $292K | 50.0% |
| Loandepot.Com, LLC | 5 | $2.1M | $427K | 100.0% |
| Hometown Equity Mortgage, LLC | 5 | $2.0M | $391K | 60.0% |
| ARC HOME LLC | 5 | $1.8M | $361K | 60.0% |
| FIRST COLONY MORTGAGE CORPORATION | 5 | $1.7M | $341K | 20.0% |
| BETTER MORTGAGE CORPORATION | 5 | $1.7M | $339K | 80.0% |
| Somerset Regal Bank | 5 | $1.5M | $307K | 60.0% |
| ICE LENDER HOLDINGS LLC | 4 | $2.1M | $515K | 75.0% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 4 | $2.0M | $495K | 100.0% |
590 New Jersey loans (3.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Somerset County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Somerset County CSV, all 25 lenders
What Somerset County's table can't show you: fit. Short-term financing is exempt from HMDA, so Somerset County's fix-and-flip and bridge lenders barely appear among its 119 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.
Run the coverage test on your Somerset County deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Somerset 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 — Somerset County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 119 lenders and 369 loans: 2025 HMDA loan-level data rolled up to Somerset County.
- Somerset County investor-lender dataset (CSV) — All 25 Somerset County lenders in the table, Kiavi Funding, Inc. 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.