Whether you are building your new dream home from the ground up or planning to renovate or expand your current one, a construction-to-permanent loan from NORTHSTAR FUNDING INC is a great foundation. We currently offer construction-to-permanent loans for owner-occupied single family dwellings in: California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, and Washington D.C. and are considered on a case-by-case basis.
One-time closing costs which translates into big savings
The ability to take advantage of today's historic low rates by locking in your permanent rate at the time of application
The same low rate during your construction phase but at interest only
Financing for renovation/rehabilitation of your existing home or for brand new construction from the ground up
Financing for Purchase Rate/Term Refinance and Cash-Out Refinance Transactions
Fixed Rate Loan Terms of 10, 15, 20 and 30 Years
Standard Jumbo Loan Amounts of $417,001 to $1,500,000
Minimum down-payment or equity requirement as low as 20%
Eligible Property Types: Owner Occupied 1-4 Unit Primary Residences and 1 Unit Second/Vacation Homes (Investor Properties and Coops are not eligible)
Adjustable Rate Mortgages (ARM's) of 5/1, 5/5, 7/1 and 10/1
Super Jumbo Loan Amounts of $1,500,001+ available - call for details
Minimum Credit Score (FICO) 680*
Have less than 20% down-payment?
Increase your buying power by combining one of our Jumbo Loans with a Home Equity Line of Credit or Fixed HE-Loan to Purchase a New Home at up to 90% Combined Loan to Value (CLTV) by combining an 80% first mortgage with a 10% Home Equity Line of Credit or Fixed HE-Loan. Contact your NORTHSTAR FUNDING INC Mortgage Lending Team for more details at 800-917-1595
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