Specialty Mortgage Programs
Explore specialized mortgage options and learn which documentation, property, and underwriting questions may matter before you apply.
One-Year Tax Return Mortgage Options for Self-Employed Borrowers
One-Year Tax Return Mortgage Options for Self-Employed Borrowers A one-year tax return mortgage review is for self-employed borrowers whose most recent federal return may better reflect their current business income than older returns. Depending on the lender and loan program, one year of returns may be consider
Construction-to-Permanent Loan
A construction-to-permanent mortgage may combine the building phase and long-term mortgage planning in one overall transaction. The appropriate structure depends on the property, construction plan, lender requirements, and complete borrower file.Understand both stages of the transactionIt is useful to review how
Alternative Documentation Loans for Primary and Second Homes
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
Non-Warrantable Condo Mortgage Guidance
Non-Warrantable Condo Mortgage GuidanceA condominium can be considered non-warrantable when its project, ownership, insurance, financial, litigation, rental, or other details do not meet a particular agency or lender standard. That label does not by itself determine whether financing is available.Review the proje
Business Bank Statement Loans for Self-Employed Borrowers
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
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. ExPat Program
Who Qualifies for this Loan Program? Foreign Nationals with current Work Visa or job offer letter that will provide a Work Visa Moving to U.S. for employment or living in U.S. as W2 wage earner No U.S. credit score or low score due to lack of history is acceptable Green Card Holders No U.S. credit
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
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
80/10/10 Piggyback Loan Program
Piggyback Mortgage Loan Program in Hoboken, NJ – Serving California, Colorado, Connecticut, Florida, Georgia, Maryland, New York, New Jersey, Pennsylvania, Rhode Island & Washington D.C. This program, often referred to as the 80/10/10 Piggyback, allows buyers to put down 10%, obtain an 80% first mort
Stated Income Loan
Loan Highlights and Qualifications Approved property Types: Residential properties such as; Investment Condos, SFR, 2-4 Unit. Commercial properties such as; Multi-family, Mixed-Use, Retail, Office, Warehouse, self-storage, & Auto Repair Self-Employed or Salaried Borrowers. Up to 70% Loan-To-Value.
Rental Income Loan Options
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 oth