State Financial Network (SFN) is a wholly owned Credit Union Service Organization (CUSO), offering a unique blend of credit union philosophy and mortgage lending and servicing expertise. SFN has a nationwide servicing portfolio and a staff trained to handle your members in a personal, professional and efficient manner - just as you would.
Services
Caps: A cap on the interest rate is a common protection for you when getting an ARM.
Another protection is a cap on the payment.
Consumer safeguards which limit the amount monthly payments on an adjustable rate mortgage may change.
Conforming: A "conventional" (conforming) mortgage is a loan that conforms to established guidelines by the Federal Housing Financing Agency (FHFA) for the size of the loan.
Jumbo: A jumbo mortgage is a home loan for an amount that exceeds conforming loan limits established by regulation.
Another protection is a cap on the payment.
Consumer safeguards which limit the amount monthly payments on an adjustable rate mortgage may change.
Conforming: A "conventional" (conforming) mortgage is a loan that conforms to established guidelines by the Federal Housing Financing Agency (FHFA) for the size of the loan.
Jumbo: A jumbo mortgage is a home loan for an amount that exceeds conforming loan limits established by regulation.
Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
A balloon mortgage can be an excellent option for many home buyers, use this calculator to see if a balloon mortgage might fit your needs.
Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
Use this calculator to determine your monthly mortgage principal, interest, taxes and insurance payment (PITI) and amortization schedule.
A balloon mortgage can be an excellent option for many home buyers, use this calculator to see if a balloon mortgage might fit your needs.
Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
Use this calculator to determine your monthly mortgage principal, interest, taxes and insurance payment (PITI) and amortization schedule.
Your security questions will be used to verify your identity and allow you to change the information.
As an alternative, during regular business hours (M-F 8:30 AM to 5:00 PM EST), a State Financial Network representative would be available to assist you at 610-325-5002 (1-800-426-7140 - outside PA).
Closing costs are what you must pay to obtain a loan.
When applying for your mortgage, your SFN Mortgage Consultant will provide you with a Loan Estimate (LE).
The LE will identify items such as state and local taxes, real estate taxes, title insurance, etc. Prior to closing State Financial Network will send a Closing Disclosure to you indicating the required cash to close.
As an alternative, during regular business hours (M-F 8:30 AM to 5:00 PM EST), a State Financial Network representative would be available to assist you at 610-325-5002 (1-800-426-7140 - outside PA).
Closing costs are what you must pay to obtain a loan.
When applying for your mortgage, your SFN Mortgage Consultant will provide you with a Loan Estimate (LE).
The LE will identify items such as state and local taxes, real estate taxes, title insurance, etc. Prior to closing State Financial Network will send a Closing Disclosure to you indicating the required cash to close.
SFN has the necessary secondary market approvals and experience to assist you in the sale of your loans.
We also provide Participation Loan administration and will assist you in selling or buying participation loans.
Regardless the plan selection, SFN will process and underwrite the loan, and advise you whether the loan meets secondary market guidelines.
We will close loans in your name with your funds, and service the loans.
In essence, SFN acts as your mortgage department and eliminates the need for you to hire additional staff.
We also provide Participation Loan administration and will assist you in selling or buying participation loans.
Regardless the plan selection, SFN will process and underwrite the loan, and advise you whether the loan meets secondary market guidelines.
We will close loans in your name with your funds, and service the loans.
In essence, SFN acts as your mortgage department and eliminates the need for you to hire additional staff.
Important Notice: Due to unprecedented mortgage application volume, refinance applicants may experience wait times of up to 3-5 business days for a State Financial Network Mortgage Representative to respond to an application or inquiry.
Applications are processed in the order received.
Thank you for your understanding.
Applications are processed in the order received.
Thank you for your understanding.
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