First-Time Home Buyer
Buying your first home is a big step. First-time home buyers benefit from low down-payment options, reduced Private Mortgage Insurance (PMI) and discounted appraisal cost.
Low-Down-Payment Home Loans
Down payment as low as 3%
Make an appointment for a free in-branch mortgage consultation with our experienced staff.
- Special low down-payment options for first-time home buyers
- 97% loan-to-value up to $850,000
- 95% loan-to-value up to $1,500,000
- Reduced Private Mortgage Insurance (PMI) for first-time home buyers
- Flexible loan terms
- Fast closings
- Appraisal-fee refund up to $500 for first-time home buyers closing a Star One home loan by December 31, 2019
- More Mortgage Rates
- Fixed-Rate First Mortgage*
as low as 3.943% APR - Adjustable-Rate Mortgage****
as low as 4.764% APR - Home Equity Line of Credit*****
as low as 5.500% APR - Investment Property Loans
as low as 5.001% APR - **Get mortgage rate details and more rates
Home refinance
Save money and refinance to lower your interest rate, or take cash out.
Lower your interest
Are mortgage rates now lower than your current Star One mortgage rate?
Mortgage rate-lock
Mortgage rates change continually—protect yourself against an increase.
First mortgage for primary residences
Cash out is available for refinance transactions up to 80% LTV.
Maximum loan:
- 97% LTV up to $850,000
- 90% LTV up to $1,500,000
- 80% LTV up to $2,000,000
- 75% LTV up to $3,000,000
- 70% LTV up to $5,000,000
- 80% LTV up to $2,000,000
- 75% LTV up to $3,000,000
- 70% LTV up to $5,000,000
First-Time Home-Buyer Program
- 97% LTV up to $850,000
- 95% LTV up to $1,500,000
- Ask a Loan Officer or Member Service Representative about lower mortgage insurance premiums and discounted appraisal fee
First mortgage for secondary residences or vacation homes
- Single-family residence only
- Purchase or limited cash-out refinance option
- Maximum $1,500,000 loan
- Maximum 70% LTV
The mortgage process and your home search
Get connected with a
real-estate agent
Find a home with our hand-picked agents. Follow home listings online and save hundreds or even thousands of dollars at closing.
Disclosures
* Fixed-rate mortgage payment examples assuming a $300,000 loan: 10-year mortgage at 3.943% APR—120 monthly payments at $3,021.30; 15-year mortgage at 3.936% APR—180 monthly payments at $2,199.60; 20-year mortgage at 4.175% APR—240 monthly payments at $1,837.50; and 30-year mortgage at 4.414% APR—360 monthly payments at $1,497.90. Loan payments do not include taxes and insurance.
** 3-year fixed-to-adjustable rate: Initial 4.963% APR is fixed for 3 years, then becomes variable based on an index and margin. For a 30-year loan of $300,000, you would make 36 payments of $1,347.30 at 4.963% APR, followed by 324 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.
*** 5/5 hybrid ARM: Initial 4.486% APR is fixed for 5 years, then becomes variable based on an index and margin. For a 30-year loan of $300,000, you would make 60 payments of $ 1,347.30 at 4.486% APR, followed by 240 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.
**** ARM mortgage loan rates may range from 4.963% APR to 4.423% APR during the initial fixed-rate period, which may be 3, 5, 7 or 10 years. The APR is subsequently variable, based on an index and margin, for the remainder of the 30-year term. For example, on a 30-year 3/1 ARM loan of $300,000 starting at 4.963% APR, you would make 36 payments of $1,347.30 during the intial three-year fixed-rate period. Loan payments do not include taxes and insurance.
***** Home-equity lines of credit rates may range from 5.500% APR to 6% APR. These rates are variable and the maximum APR that could apply is 18.000%. The maximum term is 25 years, which includes a 10-year draw period and a 15-year repayment period. For lines exceeding $250,000, closing and appraisal fees may apply in the range of $800 to $1,200. There may be an early closure fee of $500 for home equity lines closed within the first two years of origination.
