Star One Home & Investment Property Loan Programs
What makes Star One home loans better? More options, fantastic rates, online applications, a higher conforming loan limit, and discounts on Home Equity Lines of Credit and adjustable rate Home Equity Loans if your First Trust Deed is with Star One. The end result? Less money out of your pocket. See the tables below for specific funding requirements.
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.
Need help with choosing the right home loan for you? Information on terminology, insurance, home ownership, refinancing, or the mortgage process in general? Visit our Home Loan site for complete information and applications.
Click to view your saved application or application status for:
- First Trust Deed
- Home Equity Line of Credit
- Second Trust Deed (Home Equity Loan).
Important Notice Regarding Processing Times: Current processing times for real estate loan refinances may be 6 - 8 weeks. Purchase transactions will be handled on a priority basis in an effort to meet contractual deadlines. Responses to application submissions, telephone messages and e-mails may take up to three business days. Thank you for your patience and we appreciate your business.
Important Notice Regarding Rate Modifications: Certain loans may not qualify for rate modification. Please contact us at 408-543-5202 or 866-543-5202 to see if your loan is eligible. After we determine your eligibility, please complete the Real Estate Modification Form.
Sign up for eNotices to receive selected account notices and annual tax forms online. To enroll, log in to Online Banking and click on the eNotices link on the Account Access tab. Learn more here.
Star One Home Loan Programs
Due to current market volatility, the terms and loan-to-values listed below for all 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 |
||
| Term | 30, 20 and 15 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. |
||
| Rates | Click here for current 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.
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 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.
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. 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.
Mobile Home Loans
| Fixed First Trust Deed | |||
|---|---|---|---|
| Single Family Primary Residences - Maximum Percent Financed and Loan Amount1 |
75% up to $150,000 for 2002 - 2012 model years 70% up to $100,000 for 1992 - 2001 model years Lower loan-to-values may apply in some declining value property areas. | ||
| Term | Maximum 20 years for 2002 - 2012 model years Maximum 15 years for 1992 - 2001 model years |
||
| Location | California Only Must be in mobile home park |
||
| Origination Fee | $250.00 | ||
| Fees |
Credit report, flood zone determination, appraisal, escrow and other closing costs. |
||
| 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 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.
