Investors flipping homes across New Jersey use fix-and-flip loans to cover part of the purchase and part of the renovation, then repay the balance when the property sells. Each project is judged on its numbers: purchase price, repair costs, schedule and expected resale value, along with your track record and the cash you bring. Use the city pages below for local housing data, and raise draws, permits and holding costs with a licensed loan officer before you commit.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
New Jersey contractor licensing: Home Improvement Contractor registration. The New Jersey Contractor's Registration Act requires home improvement contractors to register with the Division of Consumer Affairs and display their NJHIC registration number. Lenders funding renovation work often ask for the contractor's license and bid.
New Jersey transfer taxes: Realty Transfer Fee. The Realty Transfer Fee is collected when a deed is recorded; a seller claiming a full or partial exemption must file an Affidavit of Consideration (RTF-1) with the deed. A separate fee applies to purchasers of a controlling interest in entities that own certain classified real property. Your Loan Estimate or closing statement lists what applies to your deal.
Where the numbers point in New Jersey
Counties with the most homes built before 1960:
| County | Homes built before 1960 |
|---|---|
| Union County | 57.9% |
| Passaic County | 56.8% |
| Essex County | 52.6% |
| Bergen County | 50.7% |
| Salem County | 47.3% |
| Hudson County | 44.4% |
| Camden County | 39.8% |
| Mercer County | 38.5% |
| Cumberland County | 37.8% |
| Warren County | 37.7% |
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Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Fix and Flip Loans by city in New Jersey
- Absecon
- Allendale
- Asbury Park
- Ashland
- Atlantic City
- Audubon
- Avenel
- Barrington
- Bayonne
- Beachwood
- Bellmawr
- Belmar
- Bergenfield
- Berlin
- Bernardsville
- Bloomingdale
- Bogota
- Boonton
- Bound Brook
- Bradley Gardens
- Bridgeton
- Brigantine
- Brookdale
- Browns Mills
- Budd Lake
- Butler
- Caldwell
- Camden
- Carlstadt
- Carteret
- Cherry Hill Mall
- Clayton
- Cliffside Park
- Clifton
- Closter
- Collingswood
- Colonia
- Cresskill
- Crestwood Village
- Dayton
- Dover
- Dumont
- Dunellen
- East Franklin
- East Orange
- East Rutherford
- Eatontown
- Echelon
- Edgewater
- Elizabeth
- Elmwood Park
- Emerson
- Englewood
- Englewood Cliffs
- Fair Haven
- Fair Lawn
- Fairview
- Fanwood
- Finderne
- Florham Park
- Fords
- Fort Dix
- Fort Lee
- Franklin
- Franklin Center
- Franklin Lakes
- Franklin Park
- Garfield
- Glassboro
- Glen Ridge
- Glen Rock
- Gloucester City
- Green Knoll
- Greentree
- Guttenberg
- Hackensack
- Hackettstown
- Haddon Heights
- Haddonfield
- Haledon
- Hamilton Square
- Hammonton
- Harrison
- Hasbrouck Heights
- Hawthorne
- Heathcote
- Highland Lakes
- Highland Park
- Hightstown
- Hillsdale
- Hoboken
- Holiday City-Berkeley
- Hopatcong
- Iselin
- Jamesburg
- Jersey City
- Keansburg
- Kearny
- Kendall Park
- Kenilworth
- Keyport
- Kingston Estates
- Kinnelon
- Lake Mohawk
- Laurence Harbor
- Leonia
- Lincoln Park
- Lincroft
- Linden
- Lindenwold
- Linwood
- Little Ferry
- Little Silver
- Lodi
- Long Branch
- Madison
- Madison Park
- Manasquan
- Manville
- Margate City
- Marlton
- Martinsville
- Matawan
- Maywood
- McGuire AFB
- Mercerville
- Metuchen
- Middlesex
- Midland Park
- Milltown
- Millville
- Montvale
- Moorestown-Lenola
- Morganville
- Morris Plains
- Morristown
- Mount Arlington
- Mountainside
- Mystic Island
- New Brunswick
- New Milford
- New Providence
- Newark
- Newton
- North Arlington
- North Caldwell
- North Haledon
- North Plainfield
- Northfield
- Norwood
- Oakland
- Ocean Acres
- Ocean City
- Oceanport
- Old Tappan
- Oradell
- Palisades Park
- Palmyra
- Paramus
- Park Ridge
- Passaic
- Paterson
- Paulsboro
- Perth Amboy
- Phillipsburg
- Pine Hill
- Pine Lake Park
- Pitman
- Plainfield
- Pleasantville
- Point Pleasant
- Pomona
- Pompton Lakes
- Princeton
- Princeton Meadows
- Prospect Park
- Rahway
- Ramblewood
- Ramsey
- Ramtown
- Red Bank
- Ridgefield
- Ridgefield Park
- Ridgewood
- Ringwood
- River Edge
- Robertsville
- Roseland
- Roselle
- Roselle Park
- Rumson
- Runnemede
- Rutherford
- Salem
- Sayreville
- Secaucus
- Short Hills
- Smithville
- Somerdale
- Somers Point
- Somerset
- Somerville
- South Amboy
- South Plainfield
- South River
- Spotswood
- Springdale
- Stratford
- Strathmore
- Succasunna
- Summit
- Tenafly
- Tinton Falls
- Totowa
- Trenton
- Twin Rivers
- Union Beach
- Union City
- Upper Montclair
- Upper Saddle River
- Ventnor City
- Villas
- Vineland
- Waldwick
- Wallington
- Wanaque
- Washington
- Watchung
- West Freehold
- West Long Branch
- West New York
- Westfield
- Westwood
- Wharton
- White Horse
- White Meadow Lake
- Williamstown
- Wood-Ridge
- Woodbury
- Woodcliff Lake
- Woodland Park
- Yardville
- Yorketown
Common questions
How does a fix-and-flip loan work in New Jersey?
A fix-and-flip loan funds the purchase of a property that needs work and, often, part of the renovation. The renovation funds are usually held back and released in draws after inspections. You pay interest during the project, often interest-only, and repay the full balance when the renovated home sells. Terms vary by lender, borrower and property, and financing is subject to credit approval.
Is a fix-and-flip loan a business loan?
Usually, yes. Financing to buy, renovate and resell an investment home is typically made for a business purpose, and many flippers take title through an LLC. Business-purpose rules and disclosures are not the same as those on a mortgage for your own residence, so have the loan officer spell out which ones you will receive. For entity questions, talk to a tax professional or attorney.
What happens if my flip takes longer than planned?
If the home has not sold by the maturity date, you may need an extension, which usually comes with a fee, or you may face default. Holding costs also keep running. Ask about extension terms before closing, build a cushion into your schedule and keep cash reserves so a delay does not turn into a crisis.
Other investor loans in New Jersey
DSCR loansDSCR requirementsDSCR down paymentAirbnb / STR loansHard money lendersHard money for a primary homeInvestor bridge loansPortfolio lendersBlanket mortgagesInvestment property loansHELOC on a rentalInvestor cash-out refiSecond home loansInterest-only investor loansPrivate money lenders
Related guides
- Hard Money vs DSCR Loan: Which Fits Your Investment Property?
- LLC Mortgage Basics: Financing a Rental in an LLC
- How to Get a DSCR Loan, Step by Step
Fix and Flip Loans overview · New Jersey investor loan overview
- Census ACS 2020-2024, table B25034