BORROWED FUNDS FOR CLOSING
We all have those days where we are short funds to close. One of the options we forget to think of is do you have something of value you can borrow from? Today is for conventional loans. You can borrow funds to close that is secured by an asset. Some of the assets you can…
Read MoreUnderstanding Manufactured Home Differences Between Fannie Mae and Freddie Mac
When it comes to financing manufactured homes, not all guidelines are created equal—especially when comparing Fannie Mae and Freddie Mac. While both agencies support financing for manufactured housing, the fine print reveals several critical differences that can directly impact your eligibility, down payment, and long-term options. At North Star Mortgage Network, we believe in educating…
Read MoreProjected Income: How It Can Help You Qualify for a Mortgage
What Is Projected Income in a Mortgage? Projected income refers to income from a job that starts after your mortgage closes—such as a new position or a future salary increase. While not every lender allows it, Fannie Mae and Freddie Mac do accept projected income under specific guidelines. At North Star Mortgage Network, we help…
Read MoreWhy Homebuyers Might Be Overestimating the Fed’s Role in Mortgage Rates 2025
As we navigate 2025, hopeful homebuyers and current homeowners continue to follow economic headlines—especially when it comes to the Federal Reserve. But if you’re making decisions about buying or refinancing a home based solely on what the Fed is doing, you might be missing the full picture when it comes to mortgage rates in 2025.…
Read MoreAsset Depletion Mortgage Florida 2025: A Smarter Way to Qualify Without Traditional Income
If you have strong savings or retirement assets but don’t meet the standard income requirements, an Asset Depletion Mortgage Florida 2025 could be the solution. This unique program allows you to use your verified assets instead of income to qualify for a home loan. At North Star Mortgage Network, we’re helping Florida homebuyers and retirees…
Read MoreUsing Gift Funds for a Mortgage Down Payment in 2025: What You Need to Know
Using Gift Funds for a Mortgage Down Payment in 2025 Using gift funds for a mortgage down payment in 2025 is more common than ever. Whether your parents, grandparents, or another close family member is helping out, lenders have strict rules around how the money is documented. At North Star Mortgage Network, we’ll guide you…
Read MoreDSCR Loans Florida 2025: Unlocking Investment Opportunities
Introduction If you’re an investor looking to grow your real estate portfolio in the new year, DSCR Loans Florida 2025 could be the key to unlocking your next deal. Unlike traditional mortgages, DSCR (Debt Service Coverage Ratio) loans focus on the income potential of the property—not your personal income. At North Star Mortgage Network, we…
Read MoreUSDA Loans Florida 2025: Zero Down Payment, Big Opportunity
Introduction Looking to buy your first home in a quiet, affordable area of Florida? USDA Loans Florida 2025 may be your best option—and you might not even know you qualify. At North Star Mortgage Network, we help families across Florida secure low-interest USDA loans that require no down payment. These government-backed mortgages are designed for…
Read MoreVA Home Loans in Florida: Are You Eligible?
Introduction For many veterans and active-duty service members, owning a home is a significant milestone. The VA home loan program offers a path to homeownership with benefits tailored to those who have served our country. At North Star Mortgage Network, we specialize in guiding Florida’s heroes through the VA loan process, ensuring they receive the…
Read MoreFirst-Time Homebuyer Programs in Florida: Your Guide to Affordable Homeownership
Introduction Becoming a first-time homebuyer in Florida is an exciting journey, but it can also be overwhelming. With rising home prices and the challenge of saving for a down payment, many prospective buyers feel discouraged. However, Florida offers several programs designed to make homeownership more accessible and affordable. At North Star Mortgage Network, we’ve been…
Read MoreCan a Realtor Parent Gift Their Commission Toward a Child’s Down Payment?
At North Star Mortgage Network, we frequently get questions from parents who are also real estate professionals—especially when their child is buying a home. One of the most common inquiries? Whether a Realtor gift of commission earnings can be used to help with a down payment. Let’s paint the picture. Imagine your child is purchasing…
Read More
