At North Star Mortgage Network, we often work with borrowers who don’t have a traditional credit score or who are building credit using alternative methods. In these cases, one of the most important pieces of documentation is a written verification of rent (WVOR). But not all rental history qualifies—and not all documentation is created equal.…

At North Star Mortgage Network, we understand that learning how to establish credit as a young person is one of the smartest financial decisions you can make. Turning 18 opens the door to exciting milestones—voting, getting your first apartment, or even starting your first job. But building your credit early should be at the top…

A major financial shift is on the horizon—and it’s set to affect millions of FHA borrowers. According to recent data, roughly 2.5 million FHA borrowers could experience a payment shock of $625/month starting between September 2025 and April 2026, due to changes in student loan repayment plans. This article explores the impact of student loans…

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…

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…

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…

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…