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Star One Home Loan Programs
What makes Star One home loans better? More options (including First Time Home Buyer (HLPR) and Investment Property Loans), 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.
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.
 View your Pending First Trust Deed Application. View your First Trust Deed Application Status.
If you apply online $25.00 will be deposited to your Star One membership savings account when the loan is funded.
Star One Home Loan Programs
Due to the 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 provided after review of the appraisal.
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First Trust Deeds  |
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Fixed |
One Year Adjustable |
5 Year Fixed to Adjustable |
Single Family Primary Residences, Condominiums& Townhomes -
Maximum Percent Financed and Loan Amount2 |
90% up to $750,0001
85% up to $850,000
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
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Purchase or limited cash-out refinances transactions only on loan values exceeding 75% |
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.
Member must intend to occupy second home as primary residence in the future.
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| Term |
30, 20 and 15 years
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Maximum 30 years |
Maximum 30 years (5 years fixed rate; 25 years adjustable rate)
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| 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
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2.50%
Conforming years 6 to 30
2.75% over Conforming 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 |
Tax service, flood zone determination, appraisal, title insurance, escrow and other closing costs. A $150 application fee ($75 if application is submitted from Star One's Web site) will be refunded if the loan is funded.
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. |
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First Trust Deeds - Investment Properties |
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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. |
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Purchase or limited cash-out refinances transactions only. |
2-4 Unit Residence -
Maximum Percent Financed and Loan Amount |
70% up to $1,000,000 |
| Term |
30, 20 and 15 years
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Maximum 30 years |
Maximum 30 years (3 year fixed rate; 27 year adjustable rate)
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| 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%
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2.50% for years 4 to 30
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| 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 |
Tax service, flood zone determination, appraisal, title insurance, escrow and other closing costs. A $150 application fee ($75 if application is submitted from Star One's Web site) will be refunded if the loan is funded.
Fees may vary with size, type of loan and location of property. |
| Rates |
Click here for current rates and payment examples. |
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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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Second Trust Deeds and Home Equity Lines |
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Fixed Second Trust Deed |
Adjustable Second Trust Deed |
Adjustable Home Equity Lines |
Single Family Primary Residences -
Maximum Percent Financed and Loan Amount1 |
Maximum 80% if the first and second trust deeds are $800,000 or less.
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.
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80% if the first trust deed & Home Equity Line are $800,000 or less.
75% if the first trust deed & Home Equity Line are $1,000,000 or less.
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.
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2-4 Unit Primary Residences -
Maximum Percent Financed and Loan Amount |
70% up to $750,000 |
| Second Home -
Maximum Percent Financed and Loan Amount |
Not Available
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| 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 |
| Margin2 |
Not applicable |
3.00%
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-0.75% |
| Caps |
Not applicable |
2% annual and 5% lifetime cap for zero point loans |
Maximum interest rate is 18%. Minimum interest rate is 3%. |
| Location |
California Only |
| Early Closure Fee |
Not applicable |
Early Closure Fee of $250 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 $250 to Adjustable Home Equity Lines for Lines closed within 2 years
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| 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.
2. There is an additional reduction of .25% for Adjustable Second Trust Deeds for members with an existing First Trust Deed with Star One.
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 Time Home Buyer Programs
Home Loan Payment Relief (HLPR)s |
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Step Rate - Fixed Financing
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5 Year Fixed to Adjustable |
Single Family Primary Residences -
Maximum Percent Financed and Loan Amount1 |
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| Purchase or limited cash-out refinances 90% up to $600,0001 first trust deed. |
Purchase transactions only
90% up to $600,0001 first trust deed. |
2-4 Unit Primary Residences -
Maximum Percent Financed and Loan Amount |
Not Available |
| Second Home -
Maximum Percent Financed and Loan Amount |
Not Available
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| Term |
30, 20 and 15 years
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Maximum 30 years (5 year fixed rate, 25 year adjustable rate). 3/1 ARM and 7/1 ARM Terms also available |
| Index |
Not applicable |
Weekly average yield of one-year Treasury securities |
| Interest Rate Adjustment |
1% discount during the first 3 years, adjusting to current rate in year 4. |
Annually for years 6 through 30 |
| Margin |
Not applicable
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2.50% for years 6 through 30 |
| Caps |
Not applicable |
1% annual and 5% lifetime cap for years 6 through 30 |
| Location |
Single family throughout the US |
| Fees |
Tax service, flood zone determination, appraisal, title insurance, escrow and other closing costs. A $150 application fee ($75 if application is submitted from Star One's Web site) will be refunded if the loan is funded.
Credit Union will refund appraisal fee up to $400 at the time of loan origination. $25 credit for online applications.
Fees may vary with size, type of loan and location of property. |
| Rebates not available for limited cash-out refinances |
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| 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. Mortgage Insurance premiums may be tax deductible, contact your tax advisor for specifics.
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 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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Mobile Home Loans |
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Fixed First Trust Deed |
Adjustable First Trust Deed |
Single Family Primary Residences -
Maximum Percent Financed and Loan Amount1 |
80% up to $200,000 for 1989 - 2009 model years
75% up to $100,000 for 1979 - 1988 model years
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| Term |
Maximum 20 years for 1989 - 2009 model years
Maximum 15 years for 1979 - 1989 model years |
| Index |
Not applicable |
13 weekly average of the 26-week Treasury securities |
| Interest Rate Adjustment |
A rate reduction of .25% is available for members with direct deposit to a Star One account. |
Quarterly |
| Margin |
Not applicable |
4% for 1989 - 2009 model years
5% for 1979 - 1988 model years |
| Caps |
Not applicable |
5% lifetime cap |
| Location |
California Only
Must be in mobile home park |
| Origination Fee |
$250.00 |
| Fees |
Flood zone determination, appraisal, escrow and other closing costs. $25.00 rebate at loan closing for applications submitted through Star One‘s web site.
Fees may vary with size, type of loan and location of mobile home.
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| 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. |
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First Trust Deed Options
