Short-term rentals in Cape May & Wildwood, NJ: rules, lenders and rates
The local STR rule from City of Cape May, NJ's own page, the DSCR lenders that publish coverage in New Jersey, and what investors paid in Cape May County in 2025.
- STR status
- License required
- Lenders in NJ
- 22
- Median note rate, 2025
- 7.375%
City of Cape May, NJ
16 list NJ · 6 licensed
96 DSCR-style loans
Short-term rental rules License required
City of Cape May, NJ. Short-term rentals need an annual City mercantile license. Fees and late fees are set by square footage on the City's license application.
Source: capemaycity.com · checked Oct 19, 2026
This covers only City of Cape May, NJ, not every town in Cape May County or the wider Cape May & Wildwood area. Neighboring cities, the county, HOAs and condo associations can have their own rules. Check with the jurisdiction for the exact address before you go under contract.
What investors paid in Cape May County, 2025
- Median note rate7.375%
- Middle 50% paid (25th–75th pct)7.075%–7.875%
- DSCR-style loans96
Public HMDA records for all of Cape May County, including long-term rentals. Note rates at closing, not today's quotes.
DSCR math Example only
An illustrative loan, not a quote and not a typical price for Cape May & Wildwood, NJ: $400,000 at 75% LTV (an implied $533,333 price), 30-year amortization at the Cape May County 2025 median of 7.375%.
- Monthly principal & interest$2,763
- Gross monthly rent for DSCR 1.00$2,763
- Gross monthly rent for DSCR 1.25$3,453
DSCR here is rent ÷ P&I only. Taxes, insurance and HOA dues are excluded; most lenders include them, which raises the rent you need. Many lenders also discount STR income.
DSCR lenders that lend in New Jersey
16 lenders list New Jersey in their published coverage; 6 more publish only their license list, which includes NJ. Coverage is statewide; whether a lender will finance a short-term rental at a specific address is up to the lender. “Not published” means the lender doesn't publish that figure.
| Lender | NJ coverage | STR income method | Min DSCR | Max LTV (purchase) |
|---|---|---|---|---|
| 1st Nationwide Mortgage | Yes | Either | 1.00 | 80% |
| Acra Lending | Yes | 12-month history | Not published | 75% |
| America Mortgages | Yes | Either | Not published | 80% |
| Certain Lending | Yes | Either | Not published | 75% |
| CoreVest Finance | Yes | Not published | Not published | 70% |
| Defy Mortgage | Yes | Either | 0.75 | 85% |
| Dominion Financial | Yes | Not published | Not published | 80% |
| Easy Lending USA | Yes | Either | 1.00 | 85% |
| Easy Street Capital | Yes | Either | Not published | 80% |
| Griffin Funding | Yes | Either | Not published | 85% |
| Kiavi | Yes | Not published | 0.80 | 80% |
| LendingOne | Yes | Not published | 0.75 | 80% |
| Lima One Capital | Yes | Projection | 1.30 | 75% |
| New Silver | Yes | Either | 1.15 | 80% |
| Quickline Capital | Yes | Projection | 0.75 | 80% |
| Visio Lending | Yes | Either | Not published | 85% |
| A&D Mortgage | Licensed there | Either | Not published | 80% |
| Angel Oak Mortgage Solutions | Licensed there | Projection | Not published | 85% |
| LendSure Mortgage | Licensed there | Either | 0.75 | 85% |
| Newfi Wholesale | Licensed there | Either | 1.00 | 80% |
| NQM Funding | Licensed there | 12-month history | Not published | Not published |
| theLender | Licensed there | Projection | Not published | 85% |
Figures come from each lender's own pages, with a source and check date on the lender's page. Compare more terms on the lender matcher.
More markets: all 24 STR markets · real rates by county · STR DSCR loans by state
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- Lender term changes flagged on the lenders' own pages
- A short, plain-English STR financing explainer
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Not a lender or broker. No referral fees. For education only. Figures come from each lender's public pages on the date shown and can change without notice, so verify them with the lender. Rates are estimates, not quotes. How we source data.