Whether you are building your new dream home from the ground up or planning to renovate or expand your current one, a construction-to-permanent loan from NORTHSTAR FUNDING INC is a great foundation. We currently offer construction-to-permanent loans for owner-occupied single family dwellings in: California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, and Washington D.C.  and are considered on a case-by-case basis.

We offer:

• One-time closing costs which translates into big savings
• The ability to take advantage of today’s historic low rates by locking in your permanent rate at the time of application
• The same low rate during your construction phase but at interest only
• Financing for renovation/rehabilitation of your existing home or for brand new construction from the ground up

Features Include:

• Financing for Purchase Rate/Term Refinance and Cash-Out Refinance Transactions

• Fixed Rate Loan Terms of 10, 15, 20 and 30 Years

• Standard Jumbo Loan Amounts of $417,001 to $1,500,000

• Minimum down-payment or equity requirement as low as 20%

• Eligible Property Types: Owner Occupied 1-4 Unit Primary Residences and 1 Unit Second/Vacation Homes (Investor Properties and Coops are not eligible)

• Adjustable Rate Mortgages (ARM’s) of 5/1, 5/5, 7/1 and 10/1

• Super Jumbo Loan Amounts of $1,500,001+ available – call for details

• Minimum Credit Score (FICO) 680*

Have less than 20% down-payment?

Increase your buying power by combining one of our Jumbo Loans with a Home Equity Line of Credit or Fixed HE-Loan to Purchase a New Home at up to 90% Combined Loan to Value (CLTV) by combining an 80% first mortgage with a 10% Home Equity Line of Credit or Fixed HE-Loan. Contact your NORTHSTAR FUNDING INC Mortgage Lending Team for more details at 800-917-1595