What is the maximum loan term for a mortgage refinance via Sterling Bank & Trust Mortgage Refinance?

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. Sterling Bank & Trust Mortgage Refinance offers mortgages refinancing with terms ranging from 10 to 30 years.

What mortgage programs does Sterling Bank & Trust Mortgage Refinance offer?

Sterling Bank & Trust Mortgage Refinance 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.
• 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 Sterling Bank & Trust Mortgage Refinance allow?

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

• Primary home
• Secondary homes and vacation properties