Features

Where does Sterling Bank & Trust do business?

Sterling Bank & Trust is based in Southfield, MI. The company was founded in 1984 and offers mortgages to borrowers in 2 states across the USA.

How much can you borrow via Sterling Bank & Trust?

Sterling Bank & Trust allows borrowers to apply for loan amounts of up to $2,500,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the mortgage company you choose.

What range of rates does Sterling Bank & Trust offer?

Sterling Bank & Trust offers home loans with APRs starting at 3.04% .

Does Sterling Bank & Trust charge a mortgage origination fee?

Yes, Sterling Bank & Trust may charge a loan origination fee.

Does Sterling Bank & Trust charge prepayment fees?

Yes, Sterling Bank & Trust charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does Sterling Bank & Trust offer?

Sterling Bank & Trust offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • FHA 203k
  • USDA
  • VA

What property usage types does Sterling Bank & Trust allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Sterling Bank & Trust allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Inestment properties and house flipping projects 

  • Institution Type
    Bank
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Secondary Home
  • Investment
  • Primary Residence
  • Loan Amount
    Up to $2500000
  • APR
    Starting at 3.04%
  • Terms
    5, 7, 10, 15, 30 year
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