Current Rates or Pre-Qualification
At Sterling Federal Bank, we make financing your home our top priority. Our special processing team will work closely with our mortgage experts to provide quick approvals. And most important, your personal mortgage specialist will be there to help you throughout the process. Contact any of our qualified, experienced Loan Officers at the location nearest you.
First Mortgage Loans*
- Includes: Full range of loans to fit your budget.
- Specialists: In-house mortgage specialists make the process fast and easy.
- Auto-Debit: We can deduct your payment automatically from your Sterling Federal checking account.
- Local: We service all of our loans for their full term. Any problems can be addressed right here, in person.
- Tax Benefit: Potential tax deduction on interest paid.**
Home Equity Lines & Home Equity Loans*
- Includes: Full range of loans to fit your budget.
- Specialists: In-house mortgage specialists make the process fast and easy.
- Auto-Debit: We can deduct your payment automatically from your Sterling Federal checking account.
- Local: We service all of our loans for their full term. Any problems can be addressed right here, in person.
- Tax Benefit: Potential tax deduction on interest paid.**
Fixed Rate Mortgages
Lock in your rate and payment for the full term of the loan.
Conventional Monthly Mortgages
- Fixed, level payments for full loan term.
- Flexible terms are available.
Bi-Weekly Loans
- Fixed, level payments for full loan term.
- Flexible terms are available.
- Can save thousands in interest over the life of the loan.
- Pays your mortgage off sooner.
To Speed Up the Application Process
When you apply for a mortgage loan, having the following information available at application time will assist us in processing your loan as quickly as possible.
- Social security numbers.
- Residence address for the past two years, plus the names and address(es) of all landlords during that time.
- Account names, numbers and balances for all financial accounts, plus two monthly statements for each.
- Names, account numbers and balances on all open loans.
- Loan information and addresses on real estate owned, including property address, current market value, balance and monthly payment.
- W2 forms for the past two years and last 30 days year-to-date paycheck stubs.
- Two years of signed tax returns if you are self-employed.
- Employer’s name, address and phone number.
- If you are refinancing your home, please bring a copy of your title insurance and proof of homeowners insurance. (Title insurance requirement does not apply to residents in Iowa.)
- If this is a purchase, copy of signed purchase contract, receipts for earnest money.
- If a sale is pending on your existing home, copy of the purchase contract and the listing.
