Star One Credit Union
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Credit Union Home Equity Loans and Lines of Credit (California Only) from Star One

Financing your plans is easy with a Star One HELOC (Home Equity Line of Credit)

You can make home improvements, take a trip, or fund any big expense without worrying about access fees or high interest rates with a Star One Home Equity Line of Credit (HELOC).

Put your house to work for you with a HELOC. Then pay down your balance and use it again as needs arise.

  • Competitive rates
  • Access your money anytime without fees
  • Write off the interest as a tax deduction**
  • Pay it down anytime with no prepayment penalty
  • Various payment options

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

Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

*Disclosure: APR = Annual Percentage Rate. Rate and terms apply to California owner-occupied residences. Star One Home Equity Line is a variable-rate product. The rate you will be charged is 1.99% APR until your October 2014 statement cycle date. After your October statement cycle date, the home equity line rate is calculated based on prime rate or prime rate plus a margin in the range of 0.50% to 1% 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% based on credit qualifications. 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 million (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.

Home equity loans and lines of credit are secured by the equity in your home, and are considered attractive because the interest paid may be tax-deductible. Star One offers equity loans in two forms; the Home Equity Line of Credit (HELOC) and the Home Equity Loan.

Home Equity Line of Credit (California primary residence only)    


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 - withdraw funds as needed
  • 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 (owner occupied only)


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)

Visit our mortgage website for information on the home-buying process, helpful checklists, tips, our loan programs and rates.

Not yet a member? Learn more about who can join.


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