Finding or selling your home can be hard work. That's why we are here to help with our free HomeAdvantage® Program.
Finding or selling your home can be hard work. That's why we are here to help with the free HomeAdvantage® Program to provide you with the tools and resources you'll need.*
Purchase / Sale Price | Sample Reward |
---|---|
$200,000 | $1,200 |
$400,000 | $2,400 |
$600,000 | $3,600 |
$800,000 | $4,800 |
$1,000,000 | $6,000 |
Star One members who used HomeAdvantage from 2020 to 2022 received an average of $4,062 in Cash Rewards.*****
** 5-year fixed-to-adjustable rate: Initial 6.125% (7.148% APR) is fixed for 5 years, then adjusts annually based on an index and margin. For a 30-year loan of $300,000, you would make 60 payments of $ 1,822.80 at 7.148% APR, followed by 300 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.
*** 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.
**** 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.
***** Average Cash Rewards is calculated based on 95 home closings with a real estate agent in the HomeAdvantageĀ® network of approved agents between 1/1/2020 and 12/31/2022. Actual Cash Rewards are dependent on the commission earned by participating real estate agents.
Five-year adjustable-rate mortgage**
Conforming to $1,149,825****, adjustable rate
6.125
%
(7.053% APR)