STAR TECH FEDERAL CREDIT UNION

FORMS NEEDED TO PROCESS MINI-MORTGAGE LOAN
Phone 720-493-1270 * Fax 720-493-1604

Member's Checklist

  1. Completed loan application.
  2. Verification of income for borrower and co-borrower.
    1. One month's worth of pay stubs within the last 60 days.
    2. If self-employed - Income tax returns (including Schedule C) for the last 2 years are required.
    3. If retired - Award letter or 1099-R for pension and/or social security benefits.
  3. Mortgage statement reflecting first and second (if applicable) mortgage balances.
  4. Copy of homeowners insurance policy.
  5. Copy of first mortgage deed of trust.
  6. County receipt of paid taxes or a printout of escrow account activity specifically showing property tax payment.
  7. Documentation of property's value - We will accept one of the following to determine the property's value:
    1. Tax assessment - Loan-to-value ratio not to exceed 100% when a tax assessment is used.
    2. Certified appraisal (under 2 years old) - Loan-to-value ratio not to exceed 90% when a certified appraisal is used.

Refinance Fee: A $125 refinance fee does apply to members that use the mini-mortgage loan to refinance an existing Star Tech FCU loan.