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First-Time Home Buyer

Buying your first home is a big step. First-time home buyers benefit from a low down-payment requirement and reduced mortgage insurance.

Low-Down-Payment Home Loans

Down payment as low as 3%

10-year mortgage*

10 years Jumbo fixed rate

3.179

%

APR (3.125% rate)

30-year mortgage*

30 years Jumbo fixed rate

3.904

%

APR (3.875% rate)

3-year fixed-to-adjustable rate**

30 years Jumbo mortgage

4.076

%

APR (3.375% rate)

5/5 hybrid ARM***

30 years Jumbo ARM

4.122

%

APR (3.375% rate)

Make an appointment for a free in-branch mortgage consultation with our experienced staff.


  • Low down-payment options
    • 97% loan-to-value up to $850,000
    • 95% loan-to-value up to $1,000,000
  • Reduced mortgage insurance for first-time homebuyers
  • Flexible loan terms
  • Fast approvals
  • No mortgage prepayment penalties
  • Appraisal-fee refund up to $500 for first-time home buyers closing a Star One home loan by December 31, 2017

Purchase a home

With our streamlined process, buying a home has never been easier.

Purchase a Home

Home refinance

Save money and refinance to lower your interest rate, or take cash out.

Refinance Your Home

Lower your interest

Are mortgage rates now lower than your current Star One mortgage rate?

Rate Modification

Mortgage rate-lock

Mortgage rates change continually—protect yourself against an increase.

Rate-Lock Commitment

First mortgage for primary residences

Cash out is available for refinance transactions up to 80% LTV.

Maximum loan:

Single-family homes, condominiums and townhomes
  • 97% LTV up to $850,000
  • 95% LTV up to $1,000,000
  • 80% LTV up to $2,000,000
  • 75% LTV up to $3,000,000
  • 70% LTV up to $5,000,000
2-4 unit primary residences
  • 80% LTV up to $2,000,000
  • 75% LTV up to $3,000,000
  • 70% LTV up to $5,000,000

 

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

Walk through the home-buying process with our video series

Start your home search
with HomeAdvantage®

Learn more about the HomeAdvantage program.

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 3.179% APR—120 monthly payments at $2,915.70; 15-year mortgage at 3.294% APR—180 monthly payments at $2,108.40; 20-year mortgage at 3.663% APR—240 monthly payments at $1,759.50; and 30-year mortgage at 3.904% APR—360 monthly payments at $1,410.60. Loan payments do not include taxes and insurance.

** 3-year fixed-to-adjustable rate: Initial 4.076% 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 $1,326.30 at 4.076% 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 4.122% 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 $ 1,326.30 at 4.122% 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 4.076% APR to 3.968% 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 4.076% APR, you would make 36 payments of $1,326.30 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 4.250% APR to 4.75% 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.