Star One Credit Union
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Low Mortgage Rates for Home Loans and Investment Loans

What makes a Star One Credit Union mortgage better? More options, low mortgage rates, home-equity loans and lines of credit, online mortgage applications, and a higher conforming loan limit. The end result? Less money out of your pocket. See the tables below for specific programs and requirements.
 


Obtain status of your mortgage application

Obtain a personalized mortgage-rate quote

Start your mortgage loan application

 

 

Need help with choosing the right mortgage? Information on terminology, insurance, home ownership, refinancing, or the mortgage process in general? Visit our Online mortgage website for complete information from "First-time home buying" to "Loan options to fit every need."

Timing and Expectations

Considering refinancing your mortgage with another Lender? Already have a Star One First Trust Deed mortgage and considering refinancing with another lender? Most mortgage loan types qualify for our easy loan modification program. A modification reduces your rate to our current offering for a fee typically lower than the cost of a refinance with a streamlined process and time line. Contact us at (408) 543-5202 or (866) 543-5202 to see if your loan is eligible. Please note that a hardship is not required to take advantage of this program. After we determine your eligibility, please complete our Real Estate Modification Form.

Please remember that your property information is a matter of public record. Star One mortgage holders may receive unsolicited offers from other companies to alter or modify their current loans. Learn more here.

Star One Home Mortgage Programs

Due to current market volatility, the terms and loan-to-values listed below for all mortgage programs may be adjusted at anytime during the loan application process.  Final approval of the loan and terms of the loan, if approved, are typically completed after review of the appraisal.

 

First Trust Deeds  

  Fixed One Year Adjustable 5 Year Fixed to Adjustable
Single Family Primary Residences, Condominiums & Townhomes -
Maximum Percent Financed and Loan Amount2
95% up to $417,0001
90% up to $625,5001
80% up to $800,000
75% up to $1,000,000
70% up to $2,000,000

3 year, 7 year, and 10 year fixed to adjustable rate is available. Contact loan officer for details.

  Purchase or limited cash-out refinances transactions only on loan values exceeding 75%. Lower loan-to-values may apply in some declining value property areas.
2-4 Unit Primary Residences -
Maximum Percent Financed and Loan Amount
70% up to $1,000,000
Second Home -
Maximum Percent Financed and Loan Amount

70% up to $1,000,000
Purchase or limited cash-out refinances transactions only.
Single family residences only.
 

Term 30, 20, 15 and 10 years
 
Maximum 30 years

Maximum 30 years (5 years fixed rate; 25 years adjustable rate)

Index Not applicable Weekly average yield of one-year Treasury securities
Interest Rate Adjustment Not applicable Annually Annually for years 6 through 30
Margin Not applicable 2.50% Conforming 2.75% over Conforming
3.00% over $1,000,000
2.50% Conforming years 6 to 30 2.75% over Conforming years 6 to 30 3.00% over $1,000,000 years 6 to 30
Caps Not applicable 2% annual and 5% lifetime cap for zero-point loans 2% annual and 5% lifetime cap for years 6 to 30
Location Throughout the U.S.
Fees

Credit report, tax service, flood zone determination, appraisal, title insurance, escrow and other closing costs.

Fees may vary with size, type of loan and location of property.

Mortgage Rates Current mortgage rates and payment examples.

1. Mortgage insurance is required if the loan exceeds 80% of the property's value. Mortgage insurance protects the lender against losses resulting from default. Loan proceeds from a refinance that requires mortgage insurance may only be used to pay-off existing loans secured by the property and closing costs.

2. Maximum real estate loan(s) to any one member is $2,000,000 (cumulative total). The maximum percent financed is calculated by dividing the loan amount by the property's value. The property's value for purchase transactions is the lesser of the appraised value or purchase price.

For more information on the home-buying process, call Star One at (866) 543-5202 or (408) 543-5202 or go to our main Home Loan page.


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First Trust Deeds - Investment Properties     

  Fixed One Year Adjustable 3 Year Fixed to Adjustable
Single Family -
Maximum Percent Financed and Loan Amount1
70% up to $1,000,000
 
5 year, 7 year, and 10 year fixed to adjustable rate is available. Contact loan officer for details.
  Purchase or limited cash-out refinances transactions only. Lower loan-to-values may apply in some declining value property areas.
2-4 Unit Residence -
Maximum Percent Financed and Loan Amount
70% up to $1,000,000
Lower loan-to-values may apply in some declining value property areas.
Term 30, 20 and 15 years
 
Maximum 30 years Maximum 30 years (3 year fixed rate; 27 year adjustable rate)
 
Index Not applicable Weekly average yield of one-year Treasury securities
Interest Rate Adjustment Not applicable Annually Annually for years 4 through 30
Margin Not applicable 2.50%
2.75% over Conforming   
2.50% Conforming 2.75% over Conforming  
Caps Not applicable 2% annual and 5% lifetime cap for zero point loans 2% annual and 5% lifetime cap for years 4 to 30
Location Throughout the U.S.
Fees

Credit report, tax service, flood zone determination, appraisal, title insurance, escrow and other closing costs.

Fees may vary with size, type of loan and location of property.

Rates Click here for current mortgage rates and payment examples.

1. Maximum real-estate mortgage loan(s) to any one member is $2,000,000 (cumulative total). The maximum percent financed is calculated by dividing the mortgage loan amount by the property's value. The property's value for purchase transactions is the lesser of the appraised value or purchase price.

For more information on the home-buying process, call Star One at (866) 543-5202 or (408) 543-5202 or go to our main Home Loan page.

Second Trust Deeds  and Home Equity Lines 

  Fixed Second Trust Deed Adjustable Second Trust Deed Adjustable Home Equity Lines
Single Family Primary Residences, Condominiums & Townhomes - Maximum Percent Financed and Loan Amount Maximum 75% if the first and second trust deeds are $1,000,000 or less.

Maximum 70% if the first trust deed and Home Equity Loan are over $1,000,000.

Lower loan-to-values may apply in some declining property areas.

Maximum loan limit is $750,000.
Maximum 75% if the first trust deed & Home Equity Line are $1,000,000 or less.

Maximum 70% if the first trust deed & Home Equity Line are over $1,000,000.

Lower loan-to-values may apply in some declining property areas.

Maximum loan limit is $750,000.
2-4 Unit Primary Residences -
Maximum Percent Financed and Loan Amount
70% up to $750,000
Second Home/Investment Property -
Maximum Percent Financed and Loan Amount
Not Available
Term Maximum 15 years Maximum 15 years N/A
Repayment Period N/A N/A Draw period is 10 years
Repayment period is 15 years
Index Not applicable Weekly average yield of one-year Treasury securities Prime Rate
Interest Rate Adjustment Not applicable Annually Quarterly
Margin1 Not applicable 3.00% As low as 0.00%
Caps Not applicable 2% annual and 5% lifetime cap for zero point loans Maximum interest rate is 18%. Minimum interest rate as low as 3.50%.
Location California Only
Early Closure Fee Not applicable Early Closure Fee of $500 for Lines closed within 2 years.
Fees

For Home Equity Lines, Credit Union will pay fees related to the loan, including appraisal, title policy, flood certification and recording fees for loans up to $250,000. For Second Trust Deeds, The Credit Union will pay fees related to the loan, including appraisal, title policy, flood certification and recording fees for loans up to $500,000. Members will pay all loan related closing cost for Home Equity Lines exceeding $250,000 and Second Trust Deeds exceeding $500,000.

No annual or periodic fees will be assessed.

Early Closure Fee of $500 to Adjustable Home Equity Lines for Lines closed within 2 years

Rates Click here for current rates and payment examples.

1. Maximum real estate loan(s) to any one member is $2,000,000 (cumulative total). The maximum percent financed is calculated by dividing the loan amount by the property's value. The property's value for purchase transactions is the lesser of the appraised value or purchase price.

For more information on the home-buying process, call Star One at (866) 543-5202 or (408) 543-5202 or go to our main Home Loan page.


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