ANN ARBOR, MI, April 27, 2010
/24-7PressRelease/ -- Gold Star Mortgage Financial Group is pleased to announce the nationwide arrival of 5% down conventional loan programs. This product had been off the market since 2008, due in large part to the declining real estate market and the struggling economic climate. However, Gold Star has been diligently working to bring this product back to borrowers based on their anticipation of an upturn in the housing market.
"I am pleased that through diligent and meticulous efforts we were able to successfully work with our lenders to give our clients a great alternative to FHA loans," said Gold Star CEO Dan Milstein, who holds the title of #1 Loan Officer in the United States, and has also been counted as one of the 40 most influential mortgage professionals under 40 years of age. "We are very excited about this program," Executive Vice President Rick Richter added. "With the availability of 5% down conventional loans, we are able to not only give our clients more financial flexibility to purchase their dream home, but also to help them escape higher interest rates on their current mortgages in a depressed housing market."
Gold Star plans to make the product available to borrowers immediately.
ABOUT GOLD STAR
Gold Star is a full service, cutting-edge, national mortgage lender/broker that provides affordable mortgages at discounted rates. The company is composed of four divisions: mortgage lending, financial advising, home/life insurance, and credit repair. The mortgage lending division, the oldest part of Gold Star, has originated billions of dollars in loans throughout its storied history.
Headquartered in Ann Arbor, Michigan, Gold Star Mortgage's 350 employees now serve thousands of clients, with 19 branch offices in five states and mortgage origination licenses in over 20 states. The company was recently recognized by Inc. Magazine's list as one of the 500 fastest-growing privately held companies in America, ranking #349 overall and #14 in the financial services industry. Gold Star also prides itself on the mortgage experts it retains to assist its clients, as Milstein and Richter have been the #1 and #2 ranked loan officers in Michigan and among the top 25 nationally (out of several hundred thousand) for five years running.
For more information call (800) 201-LOAN (5626) or visit
www.goldstarfinancial.com. For open commentary, industry perspectives, or mortgage trend updates, visit Gold Star on Facebook or Twitter.
Gold Star Mortgage Financial Group is a nationwide wholesale discount lender and broker. For further information call us toll free at 1-800-201-LOAN or visit us at
www.goldstarfinancial.com---
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