|
 If
you currently have an FHA loan you may qualify for a special FHA Streamline
Refinance program which could lower your interest rate and save you thousands
of dollars in interest over the life of your loan.
Some of the benefits
of this loan program include:
FHA Refinance
* No Credit Requirements
* Mortgage Only Credit Report (Maximum 1 X 30 Late)
* No Income Verification
* No Asset Verification
* Cash Out to 85% LTV (Loan to Value)
* Rate & Term Refinance to 97% LTV
* 15, 25 & 30 Year Terms Available
Required Documentation:
- Signed Loan Application
- Mortgage Only Credit Report
- Appraisal
- Closing Statement (from Purchase
or Last Refinance)
- Copy of Mortgage & Note
(From Purchase or Last Refinance)
FHA Purchase
* 3% Down Payment
* Alternate Credit Accepted
* Higher Debt Ratios Allowed
* Less Stringent Credit Guidelines
Required Documentation:
- Signed Loan Application
- 2 Years Tax Returns &
W'2's
- 30 Days Pay Stubs
- 2 Months Bank Statements
D.C.
STARKS MORTGAGE ASSOCIATES, INC.
141 South Main Street
Bourbonnais, IL 60914-1913
(815) 935-2300
Fax (815) 935-2318
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