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Home Equity Loan Online

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					                STAR TECH FEDERAL CREDIT UNION
            FORMS NEEDED TO PROCESS HOME EQUITY LOAN
              Phone 720-493-1270 * Fax 720-493-1604


1)   Completed loan application. Go to www.star-techfcu.com and click on
     “Apply for a Loan Online.”

2)   Verification of income for borrower and co-borrower:
     a.     One month’s worth of pay stubs within the last 60 days.
     b.     If self-employed – Income tax returns (including Schedule C) for the
            last 2 years are required.
     c.     If retired – Award letter or 1099-R for pension and/or social security
            benefits.

3)   Mortgage statement reflecting first and second mortgage balances (if
     applicable).

4)   Copy of homeowner’s insurance policy.

5)   Copy of first mortgage deed of trust.

6)   County receipt of paid taxes or a printout of escrow account activity
     showing property tax payment.

7)   Documentation of property’s value - We will accept one of the following to
     determine the property’s value:
     a.   Tax assessment
     b.   Certified appraisal (no greater than 6 months old)



Closing Costs:
    Recording fee - $20*
    Release of deed of trust - $20**
    Flood plain tracking and mapping - $25

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

				
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