Fix and Flip Loans
At Northern Star Mortgage Fund, we offer great financing options in every state. We can fund a loan in as little as 24 hours, so our clients can act quickly. We don't require a minimum credit score, verified income, or specific property condition. We'll also consider any lien position. Plus, we can roll payments into the loan amount for added financial flexibility.
Program Highlights
Non-Owner Occupied 1-4 Residential, Condominiums, Multi-Family, Mixed-Use & Land
Nationwide Lender
No Minimum Credit Score
No Income Verification
No Minimum Required Property Condition
All Lien Positions Allowed
Closing in LLC or Trust Allowed
Payments Can Be Rolled into the Loan Amount
Loan Terms
Loan Amount: $100,000 to $1,000,000
Loan to Value: 80% Purchase (90% Experienced Borrowers)
70% After Repaired Value (75% Experienced Borrowers)
Minimum Cash Reserves: 12 Months PITI
Minimum Credit Score: Not Required
Income Verification: Not Required
Lien Position: Any
Rates: 9.99% to 14.99%
Points & Fees: 1-5 Points, Processing / Underwriting: $1795
Loan Term: 6 - 12 Months
Payment: Interest only, Monthly (unless rolled into Loan Amount)