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Home > Financial Services > Mortgage Brokers > Statewide Trust
Statewide Trust
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
Statewide Trust offers custom solutions for every residential mortgage financing situation. Whatever your residential financing needs, they will tailor a loan that's right for you. They offer Conventional Loans, Zero down Programs, Jumbo Loans, Construction Loans, and Investor Loans etc.
Conventional Loans offers 10, 15, 20, and 30 year fixed rate mortgages and competitive ARM products with full documentation. Jumbo Loans offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation. Cash out and No cash out refinance are allowable. A borrower having the ratio of their monthly bills to their monthly income higher than 50percent is considered a high debt ratio. Loan programs are available for these borrowers, allowing them to finance the purchase of a home or property.
Building a new home can be an exciting prospect unless you get caught up in a construction loan approval process that's overly complicated and time consuming. With this loan they will finance up to 90percent of the cost of land plus the costs of construction. They offer a one time fixed rate closing or the traditional Adjustable Rate Mortgage products. Investor Loans used to finance 1-4 family properties that will be for investment with as little as a 10percent down payment. Aggressively priced these programs have many variations such as No Doc, Limited Doc and Full Doc.
At Statewide Trust, their mission is to set a high standard in the mortgage industry. They are committed to quality customer service putting the people they serve first. They will always adhere to the highest degree of integrity in all of their business dealings.
The Company’s mission is to deliver their customers a level of value and service that exceeds their expectations.
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