Sistar Mortgage Company - NMLS#68434 Loan Services Utica, MI US

Sistar Mortgage Company - NMLS#68434

Choose Sistar Mortgage to optimise your home buying and refinancing experience.Licensed in 40 states
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  • Serving Across US
miscellaneous_services Service Offered
Financial & Legal Services,  Loan Services,  Mortgage Loan Services

Overview of Sistar Mortgage Company - NMLS#68434

  • Experience

    16 Years

  • Business owner name

    Vinita Gandhi

  • Contact name

    Rajeev Gandhi

Services Offered by Sistar Mortgage Company - NMLS#68434
Highlights of Sistar Mortgage Company - NMLS#68434
  • Home Loan for H1

  • Home Loan for L1

Areas Served in US by Sistar Mortgage Company - NMLS#68434

Service Details

  • Pre Approval

We recommend pre-approval before you select a home. We’ll guide you through the confusing tangle of mortgage options and get one that’s right for you.

    • Purchase Process

    The first step in understanding how a mortgage works is to know exactly what a mortgage is – a promise to repay someone for a loan on a property. The property is promised as secured collateral to the lender, so that no matter what happens, the lender knows that their money is reasonably safe. When people talk about mortgages, many times they are actually referring to the loan. There are many types of loans, and most must be paid back in installments over time with interest. All loans share one trait in common: they allow you to leverage debt to purchase an asset that should gain value over time.

      • Refinance Process

      Are the rapidly declining markets with fluctuating interest rates bringing you down? Refinancing can help you safely convert your ARM mortgage to a fixed-rate mortgage so that your rate never changes. Are you finding yourself staying in your house longer than you expected? Refinancing can extend your expiring ARM payment or convert it to a fixed-rate mortgage so that you can enjoy your lower payments longer.

        Selected Loan Services
        Selected service breakdown details

        * Prices may vary. Confirm the final price with the provider.

        About Sistar Mortgage Company - NMLS#68434

        Sistar Mortgage Company was founded in 2002 by Rajeev Gandhi in Troy, Michigan. Since then, we've become one of the brightest spots in Michigan's economic landscape by putting our customers' interests above our own. We insist that all transactions with our customers, associates, vendors and suppliers meet the highest ethical standards. Our philosophy of minimizing costs and maximizing investments helps our customers to get the optimal loan. We also believe in developing a relationship with them which helps us better understand their needs.

        Sistar Mortgage is licensed in 40+ states.

        Residential Refinance Loans

        Reasons to refinance Are you paying too much on your loan?

        Feeling locked in? Refinancing can help you change.

        Residential Purchase Loans

        Purchase Process Mortgage brokers provide an extremely important service by giving you an unbiased analysis.

        www.sistarmortgage.com   NMLS #68434

        We work face-to-face with borrowers to prequalify you, verify the credit and property aspects of the loan, and make sure you are protected in all areas of the transaction. We can help you make sense out of your credit and offer tips on improving it. We understand that your home is likely your biggest investment. Our specialized approach will help you to maximize the returns on your investment, all while minimizing the cost involved. We will help you through the whole process from beginning to end to ensure you have the best experience possible. We insist that all transactions with our customers, associates, vendors, and suppliers meet the highest ethical standards. Our experienced staff will help you choose the right mortgage program- NMLS

        Review for Sistar Mortgage Company - NMLS#68434 in Utica, MI

        • 5/5
        Based on
        • 632 Ratings
        • 632 reviews
        G
        Glenroy Mathew3 days ago

        Rated 5.0 I’d like to personally thank Anand Ilangovan from Sistar Mortgage for everything he did to help me through this process. From the very beginning, Anand was incredibly supportive, knowledgeable, and always willing to take the time to answer all of my questions. He made what could have been a complicated process feel simple and stress-free. I truly appreciate his guidance and dedication throughout the entire journey. I highly recommend Anand and Sistar Mortgage, especially for first-time homebuyers. They helped us find a great interest rate and made the entire process smooth and easy. Thank you, Anand, for all your help!

        S
        Suresh Kumar5 days ago

        Rated 5.0 ?I had a great experience working with Sistar Mortgage, specifically with Anand Ilangovan. From start to finish it was smooth and his suggestions was helpful. He is very knowledgeable.

        D
        Dharmesh Patel6 days ago

        Rated 5.0 I made great choice choosing Sister Mortgage as my new home landers. The team was fantastic helpful and on timely responding. Thanks to all specially Rashmi, Madison, Gopi, Rajeev for all your hard work.

        O
        Om prakash chakravarthi. VP Pannirukai1 week ago

        Rated 5.0 We recently closed on our condo with Sistar Mortgage, and both Anand Ilangovan and Theresa Stephens were excellent throughout the process. Anand was proactive about communication, helped us understand our rate buydown options, and worked closely with our title company to keep things accurate and on track. Theresa, as our loan processor, made sure all the details were handled smoothly behind the scenes. The whole team was professional and easy to reach whenever we had questions. Would definitely recommend to anyone in the market for a home loan.

        L
        Lakshman Kumar2 weeks ago

        Rated 5.0 I had great experience with Sistar Mortgage. My Loan Officer was Anand ilangovan and his team helped me and wife through what we thought we would be a stressful process but with the help, knowledge and professionalism and the process went smooth, fast and hassle free. Big thanks to Mr. Anand and his team. Mr. Anand was patient and very thorough throughout the process and left know questions unanswered. I would definitely recommend giving him a call.

        Flyer of Sistar Mortgage Company - NMLS#68434

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        Frequently Asked Questions - Sistar Mortgage Company - NMLS#68434

          • 1. What is a Non-QM Loan and Who Qualifies?

            Non-QM (Non-Qualified Mortgage) loans are designed for borrowers who don’t meet the strict criteria of traditional “qualified mortgages.” These loans offer more flexible underwriting and allow alternative methods of income verification. Common Types of Non-QM Loans: • Bank Statement Loans Use 12–24 months of personal or business bank statements to verify income. Ideal for self-employed borrowers who may write off significant expenses on tax returns. • Asset Depletion Loans Qualify based on your liquid assets (such as savings, stocks, or retirement funds), which are “depleted” over a set period to calculate income. Example: $1,000,000 in assets ÷ 240 months = $4,166/month income • DSCR Loans (Debt Service Coverage Ratio) Primarily for real estate investors. Qualification is based on the rental income of the property rather than personal income. • Foreign National Loans Designed for non-U.S. citizens purchasing property in the United States. These loans typically have flexible documentation requirements. Interest rates on Non-QM loans are higher than conventional (typically 1-3% higher). But for borrowers who cannot qualify for conventional, Non-QM is a lifeline.

          • 2. What is the difference between pre-qualification and pre-approval?

            Pre-qualification is a quick estimate based on the information you provide. For example, you tell us your income is $100,000, and we may estimate that you could qualify for a $400,000 loan. However, this is not a commitment and does not involve document verification. Pre-approval, on the other hand, is a more formal and reliable process. We verify your income, assets, and credit history, and then issue a pre-approval letter. This letter shows sellers that you are a serious and qualified buyer—giving you a stronger position when making an offer. Tip: Always get pre-approved before you start house hunting.

          • 3. How much down payment do I need?

            It varies by loan type: VA loans: 0% down (if you qualify as a veteran or active duty) USDA loans: 0% down (for eligible rural/suburban areas – much of Macomb County qualifies) FHA loans: 3.5% down minimum Conventional loans: 5-20% down (5% with PMI, 20% without PMI) Jumbo loans: 10-20% down Non-QM loans: 10-30% down (depending on the program)

          • 4. What is private mortgage insurance (PMI) and can I avoid it?

            PMI protects the lender if you default on your loan. It is required on conventional loans with less than 20% down. PMI is added to your monthly payment (typically 50 − 50−200/month). You can avoid PMI by: Putting 20% down Using a VA or USDA loan (no PMI) Using a lender-paid PMI loan (higher interest rate instead of PMI) PMI automatically drops off when your loan-to-value (LTV) reaches 78% (based on original value).

          • 5. What is the difference between interest rate and APR?

            Interest rate is the cost of borrowing the principal (the loan amount). APR (Annual Percentage Rate) includes the interest rate plus other costs (points, fees, mortgage insurance, etc.). APR is a more accurate comparison tool. Example: Loan A has 4.0% interest and 4.2% APR. Loan B has 4.0% interest and 4.5% APR. Loan A is cheaper because the fees are lower. Always compare APR, not just interest rate.

          • 6. How does my credit score affect my mortgage rate?

            Higher credit scores = lower interest rates. General tiers (for conventional loans): 760+ : Best rates 740-759 : Very good rates 720-739 : Good rates 700-719 : Average rates 660-699 : Fair rates (higher interest, may require larger down payment) 620-659 : Poor rates (may only qualify for FHA) Below 620 : May not qualify for conventional (but may qualify for FHA with 10% down, or Non-QM)

          • 7. How long does the mortgage process take with Sistar?

            Pre-approval: 1-2 days. Loan application to closing: Typically 21-30 days. For well-qualified borrowers with all documentation ready, we have closed in as few as 14 days. For Non-QM loans or complex situations, allow 30-45 days.

          • 8. Can I buy a home if I am self-employed?

            Yes. Sistar Mortgage specializes in self-employed borrowers. You will need to provide: Last 2 years of personal and business tax returns (all schedules) A profit and loss statement (YTD) A letter from your CPA confirming your business is active Bank statements (business and personal) Lenders use your average net income from the last 2 years (not your gross revenue). Self-employed borrowers often need larger down payments (10-20%) and higher credit scores (680+) for conventional loans. If you do not qualify for conventional, we offer Non-QM (bank statement) loans.

          • 9. What are closing costs and how much are they?

            Closing costs are fees paid at the time you finalize your home purchase. These costs are separate from your down payment and cover the services required to complete the transaction. They typically include expenses such as loan origination fees, appraisal fees, credit report fees, title insurance, attorney fees, recording fees, and prepaid items like property taxes and homeowners insurance. In most cases, closing costs range from 2% to 5% of the loan amount. For example, if you take out a $250,000 loan, your closing costs could be around $5,000 to $12,500. The good news is that you may have options to reduce these costs. In some situations—especially in a buyer’s market—you can negotiate with the seller to cover part of your closing costs. Another option is to roll the closing costs into your loan, though this will increase your total loan balance and the interest you pay over time.

          • 10. What is the difference between a mortgage broker and a mortgage lender (like Sistar)?

            A mortgage broker does not lend their own money. They shop your loan to various lenders (wholesale) and charge you a fee. A mortgage lender (like Sistar) lends their own money (through a warehouse line of credit) or directly underwrites the loan to investor guidelines. Sistar is a direct lender. We control the process from application to closing. We do not shop your loan to third parties (unless we sell it on the secondary market after closing, which is standard). Direct lenders often close faster and have fewer fees than brokers.

        Mortgage Loan Services in Utica, MI – Sistar Mortgage Company (NMLS #68434)

        Helping Families and Homebuyers Achieve Their Homeownership Goals

        Sistar Mortgage Company is a trusted mortgage lender dedicated to helping individuals, families, and real estate investors secure the right financing solutions for their unique needs. With over 16 years of industry experience, the company has built a strong reputation for delivering personalized mortgage services, competitive loan programs, and exceptional customer support throughout the home financing journey.

        Whether you are purchasing your first home, refinancing an existing mortgage, investing in real estate, or exploring specialized financing options, Sistar Mortgage Company provides expert guidance and customized mortgage solutions designed to help you make confident financial decisions.

        For mortgage consultations, home loan pre-approvals, refinancing solutions, and financing guidance, call 586-400-2227 (Pin: 45412).

        About Sistar Mortgage Company

        Founded in 2002, Sistar Mortgage Company has grown into a nationally recognized mortgage lender serving borrowers across multiple states. The company was established with a commitment to putting clients first by helping them find mortgage programs that align with their financial goals while minimizing costs and maximizing long-term investment potential.

        The experienced mortgage professionals at Sistar Mortgage work closely with borrowers throughout the entire loan process, from pre-qualification and loan selection to underwriting and closing. Their goal is to simplify the mortgage experience while providing transparent communication and personalized service every step of the way.

        Mortgage Programs and Loan Solutions

        Sistar Mortgage Company offers a wide range of mortgage products and financing options to meet the needs of today's homebuyers and homeowners.

        Home Purchase Loans

        Whether you're buying your first home or upgrading to a larger property, the team helps borrowers identify mortgage solutions that fit their budget and homeownership goals.

        Services include:

        • Home Purchase Loans
        • First-Time Homebuyer Programs
        • Primary Residence Financing
        • Second Home Financing
        • Investment Property Loans
        • Mortgage Pre-Approval Services

        Mortgage Refinancing Solutions

        Homeowners looking to improve their financial position can explore refinancing options designed to reduce monthly payments, lower interest rates, or access home equity.

        Refinancing services include:

        • Rate and Term Refinancing
        • Cash-Out Refinancing
        • Mortgage Restructuring
        • Home Equity Access Solutions
        • Debt Consolidation Through Refinancing

        Conventional Loan Programs

        Conventional mortgages offer flexible financing options for qualified borrowers seeking competitive rates and long-term stability.

        FHA Loans

        FHA loan programs provide homeownership opportunities with flexible qualification requirements and lower down payment options for eligible borrowers.

        VA Loans

        Eligible veterans, active-duty military members, and qualifying spouses can benefit from specialized VA mortgage programs offering favorable financing terms.

        Jumbo Loans

        For higher-value properties that exceed conventional loan limits, Sistar Mortgage offers Jumbo Loan solutions designed to meet unique financing requirements.

        Specialized Mortgage Solutions

        Sistar Mortgage Company also assists clients with specialized financing programs, including:

        • Construction Loans
        • Renovation Loans
        • USDA Home Loans
        • Reverse Mortgages
        • Bank Statement Programs
        • Investment Property Financing
        • Home Loans for H1 Visa Holders
        • Home Loans for L1 Visa Holders
        • Financing for Self-Employed Borrowers
        • Commercial Real Estate Financing

        Business and Commercial Loan Services

        Beyond residential financing, Sistar Mortgage Company offers lending solutions for business owners and commercial property investors.

        • Business Loans
        • Commercial Property Loans
        • Commercial Mortgage Financing
        • Residential Investment Financing
        • Property Acquisition Funding
        • Business Expansion Financing

        Why Choose Sistar Mortgage Company?

        Homebuyers and homeowners choose Sistar Mortgage Company because of its commitment to personalized service, mortgage expertise, and customer satisfaction. The company focuses on understanding each client's financial situation before recommending financing solutions that align with their long-term goals.

        • Over 16 Years of Mortgage Industry Experience
        • Licensed Mortgage Lender (NMLS #68434)
        • Personalized Loan Strategies
        • Wide Range of Mortgage Programs
        • Dedicated Mortgage Professionals
        • Transparent Communication
        • Competitive Financing Options
        • Support from Application to Closing
        • Multi-State Lending Capabilities
        • Expertise in Specialized Loan Programs

        First-Time Homebuyer Support

        Buying your first home can feel overwhelming. Sistar Mortgage Company helps first-time buyers understand the mortgage process and navigate important decisions with confidence.

        Guidance includes:

        • Mortgage Pre-Qualification
        • Credit Improvement Strategies
        • Down Payment Planning
        • Loan Program Comparisons
        • Interest Rate Evaluation
        • Closing Cost Education

        Serving Homebuyers Across Multiple States

        Through its extensive lending network and experienced mortgage professionals, Sistar Mortgage Company serves clients across numerous states, helping borrowers achieve their homeownership and investment goals through customized mortgage solutions.

        Build Your Future with the Right Mortgage Solution

        Whether you're purchasing your dream home, refinancing an existing mortgage, investing in real estate, or exploring specialized financing programs, Sistar Mortgage Company is committed to helping you find the right loan solution for your needs.

        The team works diligently to provide personalized guidance, competitive mortgage options, and a smooth financing experience from start to finish.

        Contact Sistar Mortgage Company

        Phone: 586-400-2227
        Pin: 45412

        Contact Sistar Mortgage Company today to discuss mortgage programs, refinancing opportunities, home loan pre-approvals, and customized financing solutions.

        Call 586-400-2227 today and take the next step toward homeownership, refinancing success, and long-term financial growth.

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