Foreign Nationals with current Work Visa or job offer letter that will provide a Work Visa
Moving to U.S. for employment or living in U.S. as W2 wage earner
No U.S. credit score or low score due to lack of history is acceptable
Green Card Holders
No U.S. credit score or low score due to lack of history
U.S. Citizens & Green Card Holders
Returning to U.S. after living abroad or currently on assignment abroad
No recent or limited U.S. credit history or low score due to lack of credit
U.S. Citizens
Living in U.S.
No recent or limited U.S. credit history or low score due to lack of credit
Foreign assets for down payment AND reserves including foreign retirement funds considered
Funds for closing must be moved to U.S. prior to the funding date
Foreign assets used for reserves do not need to be moved to the U.S.
No lender requirement for pledged assets or payment from Northstar Funding account
All collateral types allowed with no LTV restrictions:
Non-warrantable condos
Condotels
Co-ops
Jumbo
Super Jumbo
Pre-qualification to borrower within 24
48 hours
TBD address acceptable
No Visa, SS# or pay-stub, required to pre-qualify or process file
Visa, SS# and pay-stub required to fund
Rush closing as fast as two weeks provided if saving a loan from falling out with a more conventional source
Bonus and commission income is allowed if a previous history of this income can be documented and the borrower is transferring with current employer on case by case basis
Stock awards and option awards can be used as income and assets (if vested) on a case by case basis
