NorthStar Funding, Inc. works with many national lenders and several production channels to meet your company’s business model. From Wholesale to fully-delegated Correspondent lending, NorthStar provides a wealth of options that enable you to improve your revenue and production.
- No minimum trade line requirements (one credit score only with AUS approval – no delinquencies and the credit must not include authorized accounts)
- No DTI overlays on Conventional or Government products with AUS approval
- Mortgage insurance transfers allowed on Freddie Open Access and DU Refi Plus (top 4 MI companies)
- Non-occupant co-borrowers income qualifies
- Up to 10 financed properties (not in Correspondent)
- 97% LTV all gift program (specific MI companies)
- Recast of mortgage available if paid down substantially (Permitted on Conventional conforming programs)
- 97% LTV and 620 FICOs
- Flexible amortization terms available on Conforming
- Freddie Mac Relief and DU Refi Plus 125% LTV / Unlimited CLTV
- Odd note rates (ask for a rate sheet)
- Extensive Condo options – PERS, PEW, CPM, FHA DELRAP, and HRAP, plus financing for non-warrantable condos
- Prime Jumbo products available
- Up to $2 million (Primary and Second Home)
- Second home financing for foreign nationals
- Credit scores from 580
- 90% to $2,500,000 NO MI
- Interest-only options
- Foreclosure/DIL/BK and SS ok less than 2 years
- Pure Investor products
Every product and service is backed by NorthStar Funding!