Fidelity Residential is a direct, licensed mortgage lender with a New Jersey office on Route 36 in West Long Branch. We help Long Branch buyers, homeowners and landlords finance a house, a condominium or a home with two to four units.
Buying, owning or renting out a Long Branch home.
Fidelity Residential · NMLS #103098 · Equal Housing Lender
Long Branch is a city of about 32,500 residents and about 15,100 homes, according to the Census Bureau’s American Community Survey estimates for 2020 to 2024.
More of the city’s occupied homes are rented than owned: an estimated 57.5 percent are lived in by renters and 42.5 percent by their owners.
The housing is mixed. About a third of homes, an estimated 33.0 percent, are single detached houses. An estimated 26.0 percent are in buildings of 20 or more units, and about 17 percent are in buildings of two to four units.
Of the roughly 1,950 homes counted as vacant, about 1,130 were held for seasonal, recreational or occasional use.
Among the city’s owner-occupied homes, an estimated 42.6 percent have no mortgage at all.
Fidelity Residential is a direct mortgage lender licensed in New Jersey under a Residential Mortgage Lender License. Our local office is at 121 NJ-36, Suite 230, West Long Branch.
The kind of home you buy changes what the loan asks for, so ask about it before you make an offer.
A condominium needs a project review, alongside the appraisal of the unit itself. With an FHA loan, the condominium must meet FHA’s rules for its project and the unit must be your main residence.
FHA loans in New JerseyAn FHA loan can finance a house with more than one unit when you live in one of the units as your main residence. A loan officer can tell you what a multi-unit home changes for the programs you are looking at.
Home purchase loansFHA loans accept smaller down payments and lower credit scores than most conventional loans. A documented gift from family, or a down payment assistance program, can help with the down payment; the assistance is usually a second loan with its own terms.
Down payment assistanceWe also offer conventional, VA and jumbo loans. A Shore home you will rent out, or use only for part of the year, cannot be financed with an FHA loan.
You own the home outright. A home equity line of credit can be in first position on a home you own outright, and a cash-out refinance can place a new mortgage on it. Either one turns some of your home’s equity into cash.
You have a mortgage you want to keep. A HELOC is a line of credit you draw on as you need it, at a variable rate; a home equity loan is one lump sum at closing, repaid in equal monthly payments at a rate that does not change. Both sit behind your first mortgage, which stays as it is.
You want to change the mortgage itself. A refinance replaces the mortgage you have, to change the interest rate, the length of the loan or both, or to take cash out.
It is a second home. A HELOC or a home equity loan can also be secured by a second home. See HELOCs and home equity loans in New Jersey and refinancing.
A DSCR (debt service coverage ratio) loan is a business-purpose mortgage on a rental property, based on the property’s own rent instead of your personal income.
The rent of every unit counts toward the ratio. Nobody on the loan may live in any of the units.
DSCR loans in New JerseySmall apartment buildings, and buildings with homes and a shop or office, based on the building’s rent. The appraisal and the reserves ask for more, and the programs want an experienced landlord.
Loans for five to ten units and mixed useA home let to a tenant on a lease is a DSCR loan like any other rental. A home let by the night or week goes through our short-term rental loans, where local rules allow it, so check the city’s rules before you buy.
Short-term rental loans at the Jersey ShoreBusiness purpose investor loans are for investment property only. The DSCR calculator works out the ratio from the rent and the costs you enter.
Yes. Fidelity Residential is a dba of PFN Lending Group, Inc. (NMLS #103098), which holds a New Jersey Residential Mortgage Lender License. You can check the licence on NMLS Consumer Access (opens in a new tab).
Our office is at 121 NJ-36, Suite 230, West Long Branch, NJ 07764. Call 732-686-9999 to talk with a licensed loan officer.
Yes. An FHA loan can finance a house with more than one unit when you live in one of the units as your main residence. If nobody on the loan will live there, it is a rental, and a DSCR loan may fit instead.
Yes, when the condominium meets FHA’s rules for its project and the unit will be your main residence. A condominium purchase also needs a project review, so tell your loan officer early.
Yes. A home equity line of credit can be in first position on a home you own outright, or a cash-out refinance can place a new mortgage on it. A loan officer can compare the two for what you have in mind.
Yes, as an investment property for business purposes only. A DSCR loan is based on the property’s own rent instead of your personal income, and nobody on the loan may live in the property.
Get a quote online, or call us and talk it through with a licensed loan officer.
Business purpose investor loans are for investment property only.
This page is general information, not a commitment to lend. Programs, terms and eligibility depend on credit, income, property and underwriting review and are subject to change without notice.
Reviewed by Robert Shamie, CEO, NMLS #241428 · Last reviewed:
Fidelity Residential (PFN Lending Group, Inc., NMLS #103098) is a direct mortgage lender licensed in 40 states and the District of Columbia, with 26 years in business.