203k FHA Construction Loans

FHA Standard 203(k) Loan

Northstar Home Funding offers even more options for borrowers to finance home repairs right at closing. The FHA Standard 203(k) program offers additional home repair options not offered in the Limited version, including:
  • Room additions
  • Second floor addition
  • Structural repairs
  • Foundation repairs
  • Major landscaping
  • Completion of unpermitted structures
  • Repair of health and safety issues
  • Eliminate obsolescence of plumbing or septic
  • Repair of driveways and sidewalks
  • Complete remodel for homes for disabilities
Northstar offers features not available with every lender:
  • Manual underwriting available
  • Credit scores as low as 620
  • Financing includes condos and 1-4 unit properties
  • High balance loan amounts
Northstar was built on the idea that we all achieve better results and more positive experiences, with less stress, when we work in an environment of understanding— when we find common ground. *Northstar's programs neither originate from nor are expressly endorsed by any government entity.

Call me today to get started.

Why Brokers and Bankers VALUE Northstar Home Mortgage:
  1. Unsigned Loan Package submitted to UW yields quicker approval for borrowers.
  2. Ability to issue TBD approvals for those complicated income scenarios.
  3. Flexibility to lower broker compensation at time of lock which allows for the most competitive rate.
  4. No caps on YSP offered on rate sheets.
  5. Northstar follows DU and LP findings.
  6. Northstar can create the LE or if the broker chooses they can create their LE. You have a choice!
  7. Scheduling and CD preparation is done prior to a loan being Cleared to Close.
  8. Access to professional marketing that can be used for direct to consumers or direct to realtors.

Northstar Funding Inc – NMLS 139369
Licensed Mortgage Correspondent Lender State of Connecticut (#MCL-139369); Licensed Mortgage Broker State of Florida (#MBR708); Licensed Mortgage Lender State of Maryland (#21674); Licensed Correspondent Residential Mortgage Lender State of New Jersey (#0751973); Registered Mortgage Broker State of New York (#A007412); Licensed Mortgage Broker Commonwealth of Pennsylvania (#44493); Licensed Loan Broker State of Rhode Island (#20143018LB); California License (#60DBO61184 ); Licensed Mortgage Broker District of Columbia (#MLB139369); North Carolina Mortgage Broker License (#B-175236); Colorado Mortgage Company Registration

Click here to read Important Disclosures

Registered Mortgage Broker-NYS Banking Department. Loans arranged through third party venders
79 Hudson Street, Suite 301A, Hoboken, NJ 07030
Copyright © 2018. All rights reserved.

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