in Mortgage Refinance from HomeStreet BankUnaffiliated
|Loan Term||15 - 30 years|
|Loan Amount||Up to $2,000,000|
HomeStreet Bank Review
HomeStreet Bank is a mortgage refinance offering by HomeStreet Bank, a bank based in Seattle, WA. Founded in 1921, HomeStreet Bank offers mortgage refinancing to borrowers in 6 states across the USA.
What is the maximum loan term for a mortgage refinance via HomeStreet Bank?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. HomeStreet Bank offers mortgages refinancing with terms ranging from 15 to 30 years.
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
- Secondary homes and vacation properties