Construction-to-Permanent Loan

Whether you are building your new dream home from the ground up or planning to renovate or expand your current one, a construction-to-permanent loan from NORTHSTAR FUNDING INC is a great foundation. We currently offer construction-to-permanent loans for owner-occupied single family dwellings in: Connecticut, New Jersey, New York, Pennsylvania and Rhode Islandand are considered on a case-by-case basis.

We offer:

  • One-time closing costs which translates into big savings
  • The ability to take advantage of today’s historic low rates by locking in your permanent rate at the time of application
  • The same low rate during your construction phase but at interest only
  • Financing for renovation/rehabilitation of your existing home or for brand new construction from the ground up

Features Include:

  • ✔ Financing for Purchase
    Rate/Term Refinance and Cash-Out Refinance Transactions
  • ✔ Fixed Rate Loan Terms
    of 10, 15, 20 and 30 Years
  • ✔ Standard Jumbo Loan Amounts
    of $417,001 to $1,500,000
  • ✔ Minimum down-payment
    or equity requirement as low as 20%
  • ✔ Eligible Property Types:
    Owner Occupied 1-4 Unit Primary Residences and 1 Unit Second/Vacation Homes (Investor Properties and Coops are not eligible)
  • ✔ Adjustable Rate Mortgages (ARM’s)
    of 5/1, 5/5, 7/1 and 10/1
  • ✔ Super Jumbo Loan Amounts
    of $1,500,001+ available – call for details
  •  Minimum Credit Score (FICO) 680*

Have less than 20% down-payment?

Increase your buying power by combining one of our Jumbo Loans with a Home Equity Line of Credit or Fixed HE-Loan to Purchase a New Home at up to 90% Combined Loan to Value (CLTV) by combining an 80% first mortgage with a10% Home Equity Line of Credit or Fixed HE-Loan. Contact your NORTHSTAR FUNDING INC Mortgage Lending Team for more details at