If you are planning to purchase a home, North Star Mortgage can help. We provide financing options and can assist with planning for a budget to purchase a home. Can you buy a home if you do not have 20% to put down? Absolutely. North Star Mortgage provides a variety of financing options for homebuyers with little to no down payment. We will sit down and have a thorough conversation with you regarding your finances, fees associated with closing costs, and what needs to be done for you to complete the purchase of your home. Our goal is to help you avoid any last-minute surprises that come with closing on a home.
How Much Do I Need for a Down Payment?
North Star experts are here to guide you into the best choice to protect your financial goals and maximize the best rate of return on your investment. Depending on the type of loan you are financing, you may be required to make a down payment ranging from 0 to 20%. There are many advantages to both small and large down payments, including income tax benefits and keeping a portion of the funds available as a financial cushion. Our Loan Officer’s provide guidance to our borrowers on their options and the outcomes of each.
How Long Does It Take to Obtain a Mortgage and Close on a House?
While competitors are pushing their closing dates back from anywhere between 30 and 90+ days, North Star Mortgage is setting records in the industry with 7 Day Processing and upfront underwriting. We have streamlined these innovative processes, allowing our Loan Officers to move closing dates up when requested by real estate agents.
North Star specializes in matching the best loan options to your individual needs. By working with us, you are taking advantages of some of the area’s best technology and over 20 years of proven expertise.