NOTICE: This Information is intended for Real Estate Professionals Only
PLEASE DO NOT DISTRIBUTE TO CONSUMERS
STAR SMART CHOICE TM
Star Mortgage®
30 Year Fixed Rate Affordable Loan Program
· 0% Down – Provides 100% financing for existing homes or new construction based on appraised market value on purchases. No cash reserves required.
· Closing Cost – Prepaid Items – Repairs can be financed into the purchase price.
· NO Monthly MI – No monthly mortgage insurance payment on all loans regardless of down payment with the Star Smart Choice™ program.
· Declining Values NOT a Factor – Market conditions causing values to decline are not a factor with the Star Smart Choice™ program.
· Single Family & Condos – Interest Rates currently in the mid 6.00% range
· 100% Gifting For Closing Costs & Pre-Paid Items – Gifts can come from family and/or friends with the Star Smart Choice™ program.
· Seller Concessions – No Maximum with the Star Smart Choice™ program
· Eligibility - Credit Score 580 and up. No First-Time Homebuyer requirement.
· No Maximum Loan Limit – Loan limits are determined by the applicant’s income with respect to program eligibility and repayment ability.
· Finance In Home Repairs – 100% of the repairs may be financed into the purchase loan based on “as-improved value” determined by the appraiser. Excellent loan program for failed Title V or Bank Owned property!! If work is not complete prior to closing, an escrow hold back may be established at 150% of the repair cost. (Specific conditions will apply, so call for more details)
· Eligibility & Funds Availability are LIMITED to qualifying communities – Applicants and collateral property must meet specific program guidelines and credit criteria. Loan Guidelines and qualifying criteria subject to change without notice
Be sure to tell your Buyers about the Star Smart Choice™ loan program.
Serving Home Buyers For Over 15 Years
Mortgage Services You Can Trust and Depend On! ™
Office Toll Free 1 (800) 941-5616
For More Details CALL TOLL FREE or email: SmartChoice@StarMortgage.com
Serving satisfied clients everyday Massachusetts – Florida – MA License #MB0782
Star Mortgage® is our trademark. Registered with the United States Patent and Trademark Office - © 2008 All Rights Reserved
Star Mortgage - 340 Manley Street - West Bridgewater, MA 02379
Office Phone: (800) 941-5616 Fax: (508) 941-6788
Cell Phone: (800) 984-3523 Email: Jeff@StarMortgage.com
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We lend in the following states: Massachusetts
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