Sterling Bank & Trust Mortgage Refinance
in Mortgage Refinance from Sterling Bank & Trust · NMLS ID #409418
UnaffiliatedSterling Bank & Trust Mortgage Refinance
in Mortgage Refinance from Sterling Bank & Trust · NMLS ID #409418
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| Loan Amount | Up to $2,500,000 |
| Loan Term (Years) | 10 - 30 years |
Sterling Bank & Trust Mortgage Refinance Review
Sterling Bank & Trust Mortgage Refinance is offered by Sterling Bank & Trust (NMLS #409418), a bank founded in 1984 and based in Southfield, MI. Sterling Bank & Trust Mortgage Refinance is available in 4 states across the USA.
- 4 different mortgage programs offered. Sterling Bank & Trust Mortgage Refinance refinances FHA, FHA 203k, USDA, VA, conforming, and conventional mortgages.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Non-standard interest rates available. Sterling Bank & Trust Mortgage Refinance offers hybrid mortgages and fixed-rate mortgages.
- Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage refinance loan early.
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What is the maximum loan term for a mortgage refinance via Sterling Bank & Trust Mortgage Refinance?
The term of a mortgage refinance will impact 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.
Does Sterling Bank & Trust Mortgage Refinance charge a mortgage origination fee?
Yes, Sterling Bank & Trust Mortgage Refinance will charge a loan origination fee.
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
Contact
- Headquarters
-
One Towne Square
Suite 1900
Southfield, MI 48076 USA - (866) 619-2265
- Visit Site
Other Services by Sterling Bank & Trust
Availability
- California
- Michigan
- New York
- Washington
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