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Welcome to Chris Terry's web site.  
Chris is a loan officer for Gold Star Financial.
Gold Star's NMLS # 3446
Chris Terry's
NMLS # 157592

Shop
         over 40 
banks with one call.
(313) 790-4008

Welcome to Chris Terry's web site.  
Chris is a loan officer for Gold Star Financial.
Gold Star's NMLS # 3446
Chris Terry's
NMLS # 157592

Shop
         over 40 
banks with one call.
(313) 790-4008

Working with Christopher Terry can make your home buying process smooth and fun!
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elk financial
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FHA Single Family Mortgage Insurance Program
Programs that help low and moderate income families become homeowners by lowering some of the costs of their mortgage loans.

FHA Mortgage Insurance Costs
An FHA loan the borrower will be charged a mortgage insurance premium equal to 1.50% of the purchase price of the property and a renewal premium of .500% in subsequent years.

Refunds Ready on FHA Loans
If you have ever paid off a home loan backed by FHA, you may have money owed to you.

Down Payment Gifts for FHA Loans
FHA allows 100% of the down payment to be a gift from friends, family or other sources.

FHA Mortgage Closing Costs
Closing costs can also be financed to reduce the up front cost of buying a home.

Streamline Refinancing for FHA Mortgages
A program that reduces the amount of documentation and underwriting that needs to be performed by the mortgage company.

FHA Single Family Rehab Mortgage - Section 203(k)
A single family home rehabilitation program that enables you to finance both the purchase or refinance of a house and/or the cost of its rehabilitation through a single mortgage.

FHA Single Family Mortgage Insurance for Outlying Areas - Section 203(i)
A single family mortgage program that provides mortgage insurance for a person to purchase a principal residence in a rural area.

FHA Single Family Adjustable Rate Mortgage
A single family adjustable rate mortgage that provide mortgage insurance for a person to purchase or refinance a principal residence at a lower initial interest rate.

FHA Property Improvement Loan Insurance - Title I
A program that makes it easier for consumers to obtain affordable home improvement loans by insuring loans made by private lenders to improve properties that meet certain requirements.

FHA Energy Efficient Mortgage
A program that provides mortgage insurance for the purchase or refinance of a principal residence that incorporates the cost of energy efficient improvements into the loan.

HUD Reverse Mortgage
A program for homeowners 62 and older who have paid off their mortgages or have only small mortgage balances remaining. The program allows homeowners to borrow against the equity in their homes in a lump sum, on a monthly basis for a fixed term or for as long as they live in the home, or on an occasional basis as a line of credit.

FHA Escrow Refunds
If you have ever paid off a home loan backed by FHA, you may have money owed to you.

Core - Research Market Commentary Brief Monday’s bond market has opened flat despite stocks in negative territory and rising concerns about the Greece situation. The Dow is currently down 46 points while the Nasdaq has lost 11 points. The bond market is currently nearly unchanged from Friday’s close, but we will still see an increase of approximately .125 - .250 of a discount point in this morning’s mortgage rates due to weakness late Friday. If your lender revised rates higher Friday afternoon, this morning’s increase may not be as noticeable.


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Give us a call today at: 313-790-4008 | Contact Us | Mortgage Library
Give us a call today at: 313-790-4008 | Contact Us | Mortgage Library