30-Year First-Time Homebuyer Mortgage Rates from 6.875% (6.992% APR)
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In your best interest

First-Time Home Buyer Loan

First-time home buyer benefits from low down-payment, reduced Private Mortgage Insurance, and discounted appraisal fee.

Low-Down-Payment Mortgage Loans

Down payment as low as 3%


$

30-year mortgage*

Conforming to $1,149,825******, fixed rate

6.875

%

(6.992% APR)

$1,000,000 mortgage:
$XXX monthly payment

15-year mortgage*

Conforming to $1,149,825******, fixed rate

6.375

%

(6.556% APR)

$1,000,000 mortgage:
$XXX monthly payment

3-year fixed-to-adjustable rate**

30 years, Jumbo******* ARM

6.000

%

(7.342% APR)

$1,000,000 mortgage:
$XXX monthly payment
for first 3 years

5/5 fixed-to-adjustable rate***

30 years, Jumbo******* ARM

6.125

%

(6.484% APR)

$1,000,000 mortgage:
$XXX monthly payment
for first 5 years

  • Special low down-payment options for first-time home buyer loans
    • 97% loan-to-value up to $1,000,000
    • 95% loan-to-value up to $1,500,000
    • 90% loan-to-value up to $2,000,000
    • 85% loan-to-value up to $2,500,000
  • Reduced Private Mortgage Insurance (PMI) for first-time home buyers
  • Flexible loan terms
  • Fast closings
  • Appraisal-fee refund up to $800 for first-time home buyers closing a Star One home loan by December 31, 2024

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

Home Buying Webinars

Part 1—Loan and Financing

Join us as we discuss the home buying journey and dive into the mortgage financing process.

Register now for "Home Buying Webinar Part 1"
Wednesday, March 20, 5:00 PM–6:00 PM PT.

Part 2—Home Buying Process

Understand the home buying process from start to finish to help you navigate today's market and eliminate surprises.

Register now for "Home Buying Webinar Part 2"
Thursday, March 21, 5:00 PM–6:00 PM PT.

More Mortgage Rates Today

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

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Home refinance

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

Refinance Your Home

Lower your interest

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Rate Modification

Mortgage rate-lock

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Rate-Lock Commitment

Minimum down payment and maximum loan

First mortgage for primary residences

Single-family homes, condominiums and townhomes

3% down payment:

loans to $1,000,000 (97% LTV)

5% down payment:

loans to $1,500,000 (95% LTV)

10% down payment:

loans to $2,000,000 (90% LTV)

15% down payment:

loans to $2,500,000 (85% LTV)

20% down payment:

loans to $3,000,000 (80% LTV)

25% down payment:

loans to $3,500,000 (75% LTV)

30% down payment:

loans to $5,000,000 (70% LTV)

2-4 unit
primary residences

20% down payment:

loans to $3,000,000 (80% LTV)

25% down payment:

loans to $3,500,000 (75% LTV)

30% down payment:

loans to $5,000,000 (70% LTV)

Cash out is available for refinance transactions with at least 20% down payment (up to 80% LTV).

First-time homebuyers

3% down payment:

loans to $1,000,000 (97% LTV)

5% down payment:

loans to $1,500,000 (95% LTV)

Ask a Loan Officer or Member Service Representative about lower mortgage insurance premiums and discounted appraisal fee.

Learn more about our First-Time Homebuyer Program.

First mortgage for secondary residences or vacation homes

30% down payment:

loans to $2,000,000 (70% LTV)

Single-family residence only.

Purchase or limited cash-out refinance option.



Get connected with a real-estate agent

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

Monthly payments may vary slightly from those quoted due to rounding.

* Fixed-rate mortgage payment examples assuming a $300,000 loan: 10-year mortgage at 6.365% APR—120 monthly payments at $3,369.00; 15-year mortgage at 6.473% APR—180 monthly payments at $2,592.90; 20-year mortgage at 6.707% APR—240 monthly payments at $2,258.70; and 30-year mortgage at 6.940% APR—360 monthly payments at $1,970.70. Loan payments do not include taxes and insurance.

** 3-year fixed-to-adjustable rate: Initial 6.000% (7.342% APR) is fixed for 3 years, then adjusts annually based on an index and margin. For a 30-year loan of $300,000, you would make 36 payments of $1,798.50 at 7.342% 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 fixed-to-adjustable rate: Initial 6.125% (6.484% APR) is fixed for 5 years, then adjusts every five years based on an index and margin. For a 30-year loan of $300,000, you would make 60 payments of $ 1,822.80 at 6.484% 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 6.892% APR to 6.484% 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 7.342% APR, you would make 36 payments of $1,798.50 during the initial three-year fixed-rate period. Loan payments do not include taxes and insurance.

***** Home-equity line of credit 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 $1,500 to $2,500. There may be an early closure fee of $500 for home-equity lines closed within the first two years of origination.

****** In most of the country, the maximum conforming loan limit for one-unit properties is $766,550. In "high-cost" areas, the maximum conforming limit may be up to $1,149,825. The "high-cost" areas loan limits are established annually by the Federal Housing Finance Agency (FHFA). These higher limits are designed to make homeownership more affordable in areas with the highest home prices.

******* The Jumbo Loan limit is any amount greater than $766,550 up to $5,000,000. High-Balance Conforming allows for higher loan limits beyond the $766,550 conforming limit up to $1,149,825 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA).