Star One Credit Union
Loans
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Mortgages for home and investment properties

Competitive mortgage rates from Star One Credit Union

Current mortgage rates
3.000%
3.037% APR
One-year adjustable-rate mortgage**
30 years conforming
3.625%
3.668% APR
Fixed-rate mortgage**
30 years conforming

Start your home search with HomeAdvantage

Find a home with our hand-picked agents. Follow home listings online and save hundreds or even thousands of dollars at closing.

For a free in-branch mortgage consultation, make an appointment online.

Watch our Home-Buying Workshop video series to understand the financing process for purchasing a new home and to learn about refinancing options for current homeowners.

 

Please remember that your deed of trust is recorded in public records. Star One mortgage holders may receive unsolicited offers from other companies to alter or modify their current loans. Learn more here.

First Mortgages - Apply online
  Fixed Adjustable Rate Mortgages
    One Year Adjustable 5 Year Fixed to Adjustable 5/5 Fixed to Adjustable Rate Mortgage
Primary Residences
Single Family Primary Residences, Condominiums & Townhomes -
Maximum Percent Financed and Loan Amount2
   

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

 
97% up to $625,0001
95% up to $750,0001
80% up to $1,000,000
75% up to $1,500,000
70% up to $2,500,000
  Purchase or limited cash-out refinances transactions only on loan values exceeding 75%.
2-4 Unit Primary Residences -
Maximum Percent Financed and Loan Amount
80% up to $1,000,000
75% up to $1,500,000
70% up to $2,500,000
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 (for example: 5 years fixed rate; 25 years adjustable rate)

Maximum 30 years (5 years fixed rate; Adjust every 5 years thereafter)

Index Not applicable Weekly average yield of one-year Treasury Constant Maturity (TCM) Weekly average yield of 5-year Treasury Constant Maturity (TCM)
Interest Rate Adjustment Not applicable The rate is variable and will adjust annually for the life of the loan. The interest rate is fixed for the initial 5 years. After the initial fixed period, the rate is variable and will adjust annually for years 6 through 30 The interest rate is fixed for the initial 5 years. After the initial 5 year period, the rate is variable and will adjust every 5 years for the life of the loan.
For adjustable-rate mortgages (ARMs), rates/payment are subject to increase after consummation.
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
2.25% up to high conforming limits. 2.50% over the high conforming limit to $1,000,000. 2.750% over $1,000,000.
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 down payment is less than 20% or the loan exceeds 80% of the property's value. This could increase the monthly payment and the APR. 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 $2,500,000 (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.


First Mortgages - Investment Properties - Apply online
  Fixed 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 are also 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 (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 for years 4 through 30
Margin Not applicable 3.00%
Caps Not applicable 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 Current mortgage rates and payment examples.

1. Maximum real-estate mortgage loan(s) to any one member is $2,500,000 (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.

Second Mortgages and Home Equity Lines - Apply online
  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 Current rates and payment examples.
 

1. Maximum real estate loan(s) to any one member is $2,500,000 (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.

Loans
NCUAEqual Housing Lender
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