Search results for: jumbo
OMITTING PENDING SALE: How to Exclude Your Existing Mortgage When Buying a New Home
Short answer You can sometimes exclude the mortgage on a home you are selling before that sale closes — but it takes specific documentation of the executed contract, and the requirements differ by loan program. Call or text 904-880-6741 Ask about your actual file — no SSN, no credit pull. By Nathan Young, founder and…
Read MoreLoans Closed: How We Work With Florida Borrowers
When it comes to securing a mortgage, finding a lender who truly understands your unique financial situation is crucial.
Read MoreUnlocking Homeownership with Non-Traditional Loans
The demand for financing among non-traditional borrowers—self-employed individuals, non-traditional wage earners, retirees, and more—is at an all-time high.
Read MoreBank Statement Loans
A Flexible Mortgage Solution for Self-Employed Borrowers Bank Statement Loans Florida At North Star Mortgage Network, we help Florida’s self-employed borrowers secure financing through Bank Statement Loans Florida. With this loan, lenders use your bank deposits instead of tax returns or W-2s. That makes it easier for business owners, freelancers, and contractors to qualify. What…
Read MoreWho Can Refinance a Home When Not Currently on the Loan? Your Guide to Rate & Term and Cash-Out Refinancing
Short answer Yes. If your name is on the title but not on the mortgage, you can usually refinance the property in your own name. A rate-and-term refinance is the straightforward route, and it is how most people add or remove a spouse. A cash-out refinance is stricter, and the ownership and timing rules are…
Read MoreUsing Alimony and Child Support as Income to Qualify for a Mortgage
Short answer Alimony and child support can count as qualifying income when you can document that you receive it and that it will continue. The documentation is what decides it — the court order alone is usually not enough without proof of actual receipt. Call or text 904-880-6741 Ask about your actual file — no…
Read MoreNON-CITIZEN BORROWER ELIGIBILITY. Non-Citizen Borrower Eligibility: Can You Get a Mortgage in the U.S.?
The American dream of homeownership isn’t limited to U.S. citizens. Non-citizens, including permanent residents and certain visa holders, can qualify for a…
Read MoreUnlocking the Potential of Hobby Farm & Residential Farm Loan Lending
For those dreaming of owning a hobby farm or rural estate, financing can often be a challenge.
Read MoreFHA Loans and the Self-Employed: Key Changes You Need to Know
Short answer FHA generally looks for a two-year self-employment history, with documented exceptions at one year. What usually decides the approval is how the income is calculated off your returns — not the number of years by itself. Call or text 904-880-6741 Ask about your actual file — no SSN, no credit pull. By Nathan…
Read MoreTERMITE INSPECTIONS
By Nathan Young , founder and president of North Star Mortgage Network, Inc. , an independent mortgage brokerage in Jacksonville, Florida.
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