Rental Income Loan

If you are a landlord and your only source of income is rent, NorthStar Funding has the resources to help you. Loan Term:
  • 30 Year Fixed
Income Documentation:
  • Rental Income
    • Signed and dated personal tax returns, including Schedule E, for most recent tax year
    • Copy of current lease
    • 3 months rental payment verification
    • Evidence of security deposit from tenant (if leased)
  • Occupancy:
    • Non-Owner Properties for 1 – 4 Units
  • Property Eligible
    • 1-4 Units
    • Low/Mid/High-Rise Condominiums and detached (site) condos, Fannie Mae Warrantable
    • Planned Unit Developments (PUDs)
    • Non-Warrantable Condos
  • DTI Ratio for Property
    • For this product, the debt-to-income ratio is only calculated on the subject property. Only the PITIA and rental income of the subject property are considered.  No other income or debts are used in this calculation.
Eligible Transactions:
  • Purchase
  • Rate & Term (Limited Cash-out) Refinance
  • Cash-out Refinance

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
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