Single Family Homes in Camden NJ

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Single Family Homes in Camden NJ

Roey Malul
Cherry Hill, NJ · Member since 2015 · 2 posts · 0 votes

Hi everyone,

I am interested in investing in Camden, NJ. I would like to buy single family homes all cash and renovate and then take out a mortgage. A friend of mine told me that banks aren't very excited to give mortgages on single family investment real estate properties in Camden. Has anyone found this to be true? 

All responses will be greatly appreciated!

Thanks in advance!

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  • Nelly R.
    Rental Property Investor · South Jersey · Member since 2014 · 100 posts · 85 votes
    7y

    @Roey Malul I don't have an answer to your question, but I'm going to follow this post as I'm currently investing in Camden!

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  • Daniel Federico
    Lender · Irvine, CA · Member since 2018 · 53 posts · 8 votes
    7y

    @Roey Malul

    I cannot speak for banks but providing loans on SFR investment properties in Camden, NJ is definitely a possibility.

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  • Steven McCutcheon
    Real Estate Agent · Freehold, NJ · Member since 2018 · 115 posts · 49 votes
    7y

    @Roey Malul

    Don’t exactly know if they are or aren’t. Don’t forget Camden is a high crime area which can be viewed as a higher risk for banks to be lending to. I’m sure there would be other reasons, but this could be a huge one if true. Best of luck!

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  • Roey Malul
    OP
    Cherry Hill, NJ · Member since 2015 · 2 posts · 0 votes
    7y

    Thank you everyone for your feedback if I find out more info I will be sure to share 

    0Reply
  • Lisandro Garcia
    Investor · Camden , NJ · Member since 2010 · 77 posts · 7 votes
    7y

    Depending what area code I guess my friend just refinanced a couple of his Propeties

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