New Jersey Wholesale Lending Footprint
Statutory licensing directives, eligible loan products, and originator compliance rules for closing wholesale transactions in New Jersey.
Compliance Directives & Licensing Requirements
Official Statutory Directives & Exception Notes
Wholesale Financing Available in New Jersey
- DSCR (1-4 & 5-8 Units): Qualify on subject property rental cash flow up to 85% LTV.
- Bank Statement (12 & 24 Mo): Self-employed business & personal bank statement qualification up to $3.5M.
- Profit & Loss / 1099 Only: CPA certified P&L or 1099 wage forms with zero personal tax returns.
New Jersey Regulatory Directives & Dossier
New Jersey (NJ) Regulatory Compliance Directives
Official state compliance dossier for Corva Lending LLC wholesale originations in New Jersey.
Wholesale Lending Directives
- Compliance Tier: Open (LLC Required)
- Broker License Required: No
- MLO Originator License Required: No
- Consumer QM Approved: YES: Approved for Agency, FHA, VA & Jumbo
Official Matrix Notes
Must close in LLC or Corp.
Entity & Closing Requirements
All business-purpose transactions in New Jersey are executed under federal Regulation Z commercial exemptions. Transactions may be closed in a properly organized entity (LLC or Corporation) through an approved title company or closing attorney.
Submit New Jersey Scenario
Direct underwriter review for New Jersey wholesale originations. Submit transaction parameters below for immediate structuring, licensing exceptions, and written terms.