Star One Credit Union
Font SizesmallmediumlargePrint This Page

Home Equity Loans and Home Equity Lines of Credit—California only

Finance your plans easily with a Home Equity Loan or Line of Credit from Star One Credit Union.

California only)
3.500% *
( 3.542% APR)
Adjustable rate
Home-equity loan**
Maximum 15 years
4.125% *
( 4.175% APR)
Fixed rate
Home-equity loan**
15 years
Up to $750,000
3.500% *
( 3.500% APR)
Home-equity line of credit**
Adjustable rate
15 years
Up to $750,000

Make home improvements, take a trip, or fund any big expense without worrying about access fees or high interest rates. Put your home equity to work for you!

  • Competitive rates
  • Interest paid is often tax-deductible**
  • Pay down the balance anytime with no prepayment penalty

Apply online

Home Equity Line of Credit—California

A Home Equity Line of Credit (HELOC) allows you to obtain multiple advances of the loan proceeds at your discretion, up to a specified percentage of the equity in your home.

  • Revolving—access your money anytime without fees
  • 10-year maximum draw period, 15-year repayment period
  • No loan or annual maintenance fees (closing costs apply above $250,000)
  • Adjustable rate (adjusts quarterly)
  • Interest-only payment option available
  • Early closure fee of $500 for lines closed within 2 years

Home Equity Loan—California

A Home Equity Loan allows you to borrow, in a lump sum, up to a specified percentage of the equity in your home.

  • Second Trust Deed mortgage
  • 15-year maximum term
  • No loan or annual maintenance fees (closing costs apply above $500,000)
  • Fixed and adjustable rates (adjusts annually)

Apply online

* APR = Annual Percentage Rate as of 4/1/15 and is subject to change. Rate and terms apply to California owner-occupied residences. Star One Home Equity Line is a variable-rate product. The home equity line rate is calculated based on Prime Rate, a margin of 0.50% could be added depending on your credit qualification, which includes your income, assets, credit and collateral. The maximum possible rate is 18% and the minimum possible rate is 3.50%. You must provide adequate insurance and a clean title to the property so that the Star One Equity Line will appear in second position. The maximum Star One real estate loan(s) to any member is limited to $2,500,000 (cumulative total). The amount of the credit line and the amount of the first trust deed may not exceed 80% of the market value of the home up to $800,000. For lines exceeding $250,000 closing and appraisal fees may apply in the range of $800 to $1,200. Fees, rates, costs are subject to change. Maximum term of the loan is 25 years, which includes a 10-year draw period and a 15-year repayment period. Other terms and conditions may apply, call for details. There may be an early closure fee of $500 for Home Equity Lines closed within the first two years of origination.

** Consult your tax advisor regarding your ability to deduct Home Equity Line interest.

NCUAEqual Housing Lender
Privacy  |  Security  |  Rates  |  Disclosures  |  Calculators  |  Help  |  Site Map
© 2014 Star One Credit Union. All rights reserved.