Mortgage Products
FHA Streamline Refinance: What to Know
An FHA Streamline Refinance is a way to refinance an existing FHA-insured mortgage with limited documentation and underwriting. It is not automatically the lowest-cost choice, and it is not a promise of approval. A lender still reviews the transaction, and program requirements apply. Is an FHA Streamline R
203k FHA Construction Loans
An FHA 203k renovation mortgage is designed to combine a home purchase or refinance with eligible renovation costs in a single mortgage transaction. The right approach depends on the property, project scope, borrower profile, and current program requirements. Plan the property and renovation together A renova
Work Visa and Expat Mortgage Planning
Work visa mortgage planning begins with the details of your employment relocation and intended home purchase. A move to the United States, an employer transfer, or a return from an overseas assignment can raise different documentation questions. Your immigration or residency status, income, credit, assets, and pr
Investment Coop
Securing a mortgage loans for an investment co-op can be challenging. NorthStar Funding has the resources to assist you. Amortization Type: 5/1 Adjustable 30 Year Fixed Rate Minimum FICO: 620 Maximum DTI: 43% Eligible Transactions: Purchase Rate & Term (Limited Cash-out) Refinance Cash-out Refina
Foreign National Mortgage Planning
Foreign National Mortgage PlanningForeign-national borrowers considering a U.S. property purchase may need to document identity, residency, income, assets, source of funds, property use, and credit history. The details a lender can review vary by the loan file and current program guidance.Start with the property
FHA 203(k) Renovation Mortgage Planning
FHA 203(k) rehabilitation financing can combine an eligible home's purchase or refinance with the cost of approved repairs. HUD describes it as a program for one- to four-unit residential properties, subject to its property and borrower requirements. Start with the renovation plan Before choosing financing, g
Buying After Short Sale
Buying or refinancing after a short sale can require careful mortgage planning. The timing of the event, documentation, current credit profile, property, loan purpose, and applicable program requirements can all affect the options that may be available. Begin with a complete review A productive first step is
Affordable Alternatives to FHA Loans
FHA financing can be one path to homeownership, but it is not the only path. Depending on your property, financial profile, available documentation, and goals, other mortgage options may be worth reviewing alongside FHA financing. Compare the structure, not just one feature A useful comparison considers the f
Adjustable Rate Mortgage (ARM)
An adjustable-rate mortgage, often called an ARM, has an interest rate that may change after an initial period. It can be useful to understand how the introductory period, adjustment schedule, index, margin, and payment changes may affect a mortgage plan over time. Consider the full payment timeline Rather th
80/10/10 Piggyback Loan Program
body.single-products.postid-1390 .section-header h1, body.single-products.postid-1390 .product-details-content, body.single-products.postid-1390 .product-details-content h2, body.single-products.postid-1390 .product-details-content h3, body.single-products.postid-1390 .product-details-content p, body.singl
1031 Exchange
First, a 1031 exchange can defer tax when an investor sells eligible investment real estate and acquires replacement property. Financing can support the overall plan. However, qualified tax and legal professionals must confirm the tax treatment, exchange timing, and eligibility. How financing fits into a 1031 ex
First-Time Home Buyer Mortgage Guidance
A first-time home buyer mortgage review starts with your budget, purchase timeline, and documentation. Before choosing a home, separate what you can comfortably spend from what a lender may approve. Your income, savings, debts, credit history, property, and loan terms all affect the discussion. First-time home