Mortgage Products
Alternative Documentation Loans for Primary and Second Homes
An alternative-documentation mortgage is a non-QM or portfolio financing option that may use documentation other than a traditional full tax-return package. It can be worth reviewing for eligible borrowers whose employment, self-employment, assets, or income records do not fit a conventional underwriting path. N
Non-Warrantable Condo Mortgage Guidance
Non-warrantable condo mortgage preparation starts with identifying the project issue behind the label. A lender may find that a condominium does not meet a particular financing standard. Ask which requirement is involved and what evidence is missing before assuming that another loan program will resolve the conce
Business Bank Statement Loans for Self-Employed Borrowers
A business bank statement loan is a mortgage option for self-employed borrowers whose tax returns may not fully reflect their current cash flow. Depending on the lender and loan program, qualification may use a review of eligible business deposits and the operating expenses needed to run the business. NorthStar
Co-Op Mortgage Loan Guidance
Co-op mortgage preparation involves the buyer, the cooperative corporation, and the building’s approval process. A buyer commonly purchases shares and receives occupancy rights through a proprietary lease. Before choosing a financing path, clarify exactly what you are purchasing and which documents govern that
FHA Down Payment Assistance Planning
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Manual Underwriting and VA Mortgage Review Options
Manual underwriting is a detailed review of a borrower’s credit, income, assets, housing history, and the full loan file when automated findings do not tell the whole story. It may be relevant for certain FHA, VA, USDA, and no-credit-score scenarios, subject to the applicable agency guidance, investor require
Alternative Documentation Mortgage Planning
Some borrowers have income, asset, or employment records that do not fit a standard documentation path. An alternative-documentation review starts with the complete borrower, property, loan-purpose, and current lender-guideline picture.Clarify what must be documentedDocumentation requirements vary. A lender may n
FHA Mortgage Loan Options and Underwriting Review
FHA-insured mortgage financing may help eligible borrowers purchase or refinance a primary residence. NorthStar Funding reviews the borrower’s credit, income, assets, property, and loan purpose under current FHA requirements and applicable lender and investor guidelines. How FHA financing may fit a hom
Commercial Mortgage
Commercial mortgage planning begins with the property, the proposed use, available documentation, and the structure of the transaction. Commercial real estate financing can involve different underwriting questions from a residential mortgage, so a complete review matters before decisions are made. Start with the
Refinancing
Mortgage Refinance Planning Refinancing replaces an existing mortgage with a new loan. Homeowners may explore it to change the rate or term, move between fixed and adjustable structures, consolidate eligible debt, or access available equity. The right path depends on the complete loan file, property, income, ass
Residential Mortgage Loans
Residential Mortgage LoansResidential mortgage loans can support an eligible home purchase or refinance. The appropriate structure depends on the property, occupancy, loan purpose, budget, documentation, and current program requirements.Plan before you applySet a comfortable housing budget that includes principal
Conventional 97% Financing
Planning for conventional 97% financing starts with understanding the loan amount in relation to the property value. The percentage describes loan-to-value: the loan amount compared with the property value used for the financing calculation. It does not mean that the same percentage of all closing costs is covere