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MORTGAGE LOAN TYPES
Please note that we can provide you with any mortgage product you want. The loan types listed on this page are the more popular ones we offer. Please contact us if you would like to discuss loan alternatives to those listed below. Get approved for a mortgage in 2007!

Purchase Power Loan - APPLY NOW!
This type of home mortgage loan allows you to obtain an approval for your home loan before you even start looking to buy a house.

The Purchase Power Loan is more powerful than pre-approvals:
a) You are approved for a home loan for 6 months while you shop for a new home.
b) Gives you the negotiation power of a cash buyer.
c) Validates how much you can borrow.
d) Proof to the seller that your offer is good.
e) You won't waste your time looking at homes you can not afford.
f) Make a legitimate offer with assurance.

 

Interest Only Home Loans - APPLY NOW!
Here is how these types of loans work.....If you have a ten year interest only loan, you are only obligated to pay the interest of the loan for the first ten years. After ten years, you must start paying interest plus principal.

Interest only home loans give you the flexibility to spend your money as you want, leaving you with more disposable income to use any way you want. So, if you don't want to tie up all of your money in loan payments for the intent of using the extra cash to pay bills or make home improvements, interest only loans are ideal. Fixed rate and adjustable rate interest only loans are available. We also offer interest only loans based on prime. Learn more about interest only loans.

Adjustable Rate Mortgages - APPLY NOW!
These types of loans offer attractive introductory periods. Meaning, interest rates will remain low for a set amount of time, usually 3, 4 or 5 years. After, interest rates will adjust accordingly and will continue to change every month based on lifetime and periodic caps. Two popular adjustable rate loan types are Option and Traditional ARMs.

15, 30 and 40 Year Fixed Interest Mortgage Loans - APPLY NOW!
Your interest rate is fixed for the entire life of the loan, regardless of rate instabilities. The fixed rate home loans we provide are affordable and designed to fit your budget. Learn more about the fixed rate mortgages Star Loan Services offers.

You can also choose to refinance fixed rate loans at any time with no pre-payment penalties. If you have an adjustable rate mortgage you can refinance to get a fixed rate.

Conforming Loans: Fannie Mae & Freddie Mac Loans -
APPLY NOW!
Fannie Mae & Freddie Mac are private, shareholder-owned companies that work to make sure mortgage money is available for people in communities all across America. They do not lend money directly. Instead, they work with lenders to make sure they don't run out of mortgage funds, so more people can achieve the dream of homeownership. Fannie Mae and Freddie Mac loans provide jumbo loans, otherwise known as conforming loans for homeowners. We work very closely with the institutes of Fannie Mae and Freddie Mac. You can learn more about the Fannie Mae/Freddie Mac conforming loans.

Jumbo Home Loans - APPLY NOW!
Jumbo mortgages are home purchase loans that exceed the current conforming limit of $417,000. Star Loan Services has jumbo loan programs for people of all credit types. Learn more about jumbo mortgages.

Non-Conforming Loans - APPLY NOW!
These types of mortgages are designed for people with bad credit or for those that have difficulties proving income and/or assets. Guidelines for these types of loans are not as strict as the other home loan products. Learn more about non-conforming mortgages.

 

Bridge Loans - APPLY NOW!
Existing homeowners can utilize a bridge loan to pay closing costs for their new home loan prior to the sale of their current home.

Condo Loans - APPLY NOW!
Buying a condo offers many of the same benefits of owning a home! Learn more about condominium loans.

Motor Home Loans Loans - APPLY NOW!
We can help you obtain the RV of your dreams! Programs for all good and bad credit types! Borrow as much as $250,000! Loan terms for as long as 25 years! We also offer unsecured loans for RVs.

125% Home Equity Mortgage Loans - APPLY NOW!
Borrow as much as 125% of your home's value to consolidate debt, pay for school, make home improvements or for whatever your needs are. Get more information about 125% LTV home loans.

Refinancing
Some popular reasons for refinancing are to get cash-out of the home, pay for high ticket purchases, make home improvement or to refinance adjustable rate mortgages. Learn more about the various refinancing products we offer.

Top Mortgage Resources

Understanding Mortgage Fees
Renting vs. Buying
Determining How Much House You Can Afford With Your Salary
Mistakes People Make When Looking For a Mortgage
Owning a Home Means Tax Benefits



        

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