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Sterling Savings Bank Launches Website for Sterling-Financed Properties
Continues Special Financing on Jumbo and Condo Loans
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| Symbol | Price | Change |
|---|---|---|
| STSA | 0.61 | +0.01 |
SPOKANE, Wash.--(BUSINESS WIRE)--Sterling Savings Bank and Golf Savings Bank have jointly launched a property website aimed at homebuyers looking at builder and bank-owned properties. Both banks are subsidiaries of Sterling Financial Corporation (NASDAQ:STSA - News).
The new property website lists available residential and commercial properties as well as condominiums, lots and land for development. The properties listed on the website are either bank-owned or builder-owned.
Ezra Eckhardt, acting president and chief operating officer of Sterling Savings Bank said, “We believe this innovative promotional effort contains several unique elements, making it likely to become an emerging best practice within the industry.”
In addition to the new property website, Sterling Savings Bank continues to offer special financing on jumbo loans and condominium financing, two markets that have been adversely affected by the nationwide housing slowdown. These special programs are available on homes and condominiums that are currently financed by Sterling Savings Bank with purchase agreements dated between November 1, 2009 and December 1, 2009 and close escrow by December 31, 2009.
Sterling Savings Bank’s condominium financing includes features such as down payments as low as 3.5 percent and no mortgage insurance. Jumbo loan program features include qualified borrowers receiving a lender contribution of up to 3 percent of the purchase price (up to $20,000 to cover financing costs or to buy down the rate) and low down payments.
Visit our property website today or call Golf Savings Bank at (877) 416-6111 to receive details regarding the terms and conditions and to apply for one of our special offers. Interested parties can also call Sterling's Home Loan Center at (888) 671-1113.
ABOUT STERLING SAVINGS BANK AND GOLF SAVINGS BANK
Sterling Financial Corporation of Spokane, Washington, is the bank holding company for Sterling Savings Bank, a commercial bank, and Golf Savings Bank, a savings bank focused on single-family mortgage originations. Both banks are state chartered and federally insured. Sterling offers banking products and services, mortgage lending, construction financing and investment products to individuals, small businesses, commercial organizations and corporations. As of September 30, 2009, Sterling Financial Corporation had assets of $11.9 billion and operated branches throughout Washington, Oregon, Idaho, Montana and California.
Contact:
Sterling Savings Bank
Cara Coon, 509-626-5348
cara.coon@sterlingsavings.com
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