Mortgage Products
Fixed Rate Mortgage Loans (FRM)
Fixed Rate Mortgage LoansA fixed rate mortgage keeps the interest rate unchanged for the scheduled term of the loan. That predictable structure can make budgeting easier, but the right choice depends on the property, loan purpose, expected time in the home, and complete financial profile.Questions to compareWould
Stated Income Loan
Alternative Documentation Mortgage PlanningThe phrase “stated income” is often used loosely, but a responsible mortgage review still requires truthful, supportable information. Modern alternative-documentation programs may consider business records, bank statements, assets, contracts, or other evidence when a
Rental Income Loan Options
A rental income loan is financing for an investment property where the lender considers the property’s rental income as part of its underwriting review. Depending on the program, the lender may use a lease, an appraisal-based market-rent analysis, tax returns, bank statements, or other documentation. NorthStar
Bank Statement Mortgage Options for Self-Employed Borrowers
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Financing for Foreign Nationals
Foreign National Traditional Full Documentation & Asset Qualification (Foreign National) Eligible General This program is designed for foreign national borrowers who can fully document their income and assets OR who have significant verifiable assets and would benefit from alternative loan qualificat
Construction Loans
Construction financing requires the mortgage plan and building plan to be considered together. Land, property design, builder experience, permits, project budget, timing, and documentation can all affect how a transaction is reviewed.Coordinate the project before financing decisionsEarly conversations with the bu
Condo Hotel Financing Guidance
Condo Hotel Financing GuidanceA condo hotel, often called a condotel, can combine individually owned units with hotel-like services or a rental program. Those details can affect how a property is reviewed for financing.Start with the project detailsAsk about the project’s rental program, management, services, o
Luxury Home Construction Loans
Luxury Home Construction LoansLuxury home construction financing is planned around the lot, plans, budget, builder, timeline, and completed property. Construction loans commonly release funds in draws as work reaches documented milestones, with inspections and other controls to confirm that proceeds are used for
HELOC and Home Equity Line of Credit Options
A home equity line of credit (HELOC) is a revolving credit line secured by your home. It may let an eligible homeowner borrow and repay amounts up to an approved limit during the available draw period. Because the home secures the line, it is important to understand how payments, rate changes, and repayment terms
New York Customers, Stated Income Loans NYC
Alternative Documentation Mortgage OptionsSome borrowers have income that is real but does not fit a simple W-2 pattern. Alternative-documentation mortgage options may use a broader set of records—such as business statements, asset information, bank deposits, contracts, or other verifiable documentation—when
Asset Utilization and Asset Depletion Mortgage Options
An asset utilization mortgage uses eligible assets to help calculate qualifying income. It can be an option for borrowers whose documented income does not fully reflect their available financial resources, including retirees, investors, and people with significant liquid assets. NorthStar Funding reviews asset u
Foreign National Mortgage Guidance
Foreign National Mortgage GuidanceForeign-national borrowers exploring a U.S. property purchase may have documentation, asset, credit-history, residency, and property questions that deserve careful review. NorthStar Funding can help you understand the questions to raise before choosing a financing path.Prepare fo