Specialty Mortgage Programs
Explore specialized mortgage options and learn which documentation, property, and underwriting questions may matter before you apply.
Bank Statement Mortgage Options for Self-Employed Borrowers
A bank statement mortgage review may use qualifying account deposits as part of the income-documentation process for an eligible self-employed borrower. Account type, business expenses, ownership, transfers, and the lender's current requirements can affect the income calculation. Total deposits alone do not estab
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 qualification me
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
"If you want something done right, do it yourself." - Charles-Guillaume Étienne You've worked hard, earning and saving your money, and now it's time to find your luxury dream house. You can search and search, but you may never find the "perfect" home. So why not build it yourself? That's what many people
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
A "stated Income" loan is one in which the monetary income used to qualify an applicant is the amount "stated" on the loan application. In other words, there is no requirement for proof of income in the way of W-2s, tax returns, or paystubs. The loan application is processed and approved or denied based on&n
Asset Utilization and Asset Depletion Mortgage Options
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 signi
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
Non-Warrantable. Condo-Tel. Co-Op Program
The Northstar Funding Advantage No State Restrictions. We can lend on co-ops, non-warrantable condos and condotels in all 50 states Loan sizes from $100,000 - $3,000,000 allowed* Up to 80% LTV for owner occupied and 2nd homes** 75% LTV cash out for owner occupied and 2nd homes with up to $1.5mm cas