in Home Purchase Mortgages from HomeStreet BankUnaffiliated
|Loan Amount||$100,000 - $2,000,000|
|APR||4% - 10%|
|Loan Term (Years)||15 - 30|
HomeStreet Bank Review
Where does HomeStreet Bank do business?
HomeStreet Bank is based in Seattle, WA. The company was founded in 1921 and offers mortgages to borrowers in 7 states.
How much can you borrow via HomeStreet Bank?
HomeStreet Bank allows borrowers to apply for loan amounts of up to $2,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with HomeStreet Bank?
HomeStreet Bank offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What range of rates does HomeStreet Bank offer?
HomeStreet Bank offers home loans with APRs starting at 4% and up to 10%.
Does HomeStreet Bank charge a mortgage origination fee?
Yes, HomeStreet Bank may charge a loan origination fee.
What mortgage programs does HomeStreet Bank offer?
HomeStreet Bank offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- HARP: A mortgage refinance program for home loans owned or backed by Fannie Mae or Freddie Mac. No minimum credit score or value appraisal required.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does HomeStreet Bank allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. HomeStreet Bank allows the following property usage types:
- Primary home