Investment Property Mortgage Rates and APR

Mortgage Rate vs. APR: What's the Difference?

Fixed-rate investment property loans
First Trust Deed	Interest Rate	Points**	Annual Percentage Rate***	Monthly Payment Per $1,000****
First Trust Deed 30-Year Fixed-Rate Mortgage for Investment Property - Conforming [1] In most of the country, the maximum conforming loan limit for one-unit properties is $832,750. In "high-cost" areas, the maximum conforming limit may be up to $1,249,125. 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. [3] Fixed-rate investment-property mortgage payment examples assuming a $300,000 loan: - 10-year mortgage at 7.500% (7.783% APR for conforming loans, or 7.660% APR for jumbo loans): 120 monthly payments at $3,561.05; - 15-year mortgage at 7.625% (7.830% APR for conforming loans, or 7.742% APR for jumbo loans): 180 monthly payments at $2,802.39; - 20-year mortgage at 7.625% (7.791% APR for conforming loans, or 7.720% APR for jumbo loans): 240 monthly payments at $2,439.76; - 30-year mortgage at 7.750% (7.881% APR for conforming loans, or 7.825% APR for jumbo loans): 360 monthly payments at $2,149.24. Loan payments do not include taxes and insurance.	Interest Rate 7.750%	Points** 0.000%	Annual Percentage Rate*** 7.881%	Monthly Payment Per $1,000**** $7.16
First Trust Deed 30-Year Fixed-Rate Mortgage for Investment Property - Jumbo [2] The jumbo loan limit is any amount greater than $832,750 up to $5,000,000. High-balance conforming allows for higher loan limits beyond the $832,750 conforming limit up to $1,249,125 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA). [3] Fixed-rate investment-property mortgage payment examples assuming a $300,000 loan: - 10-year mortgage at 7.500% (7.783% APR for conforming loans, or 7.660% APR for jumbo loans): 120 monthly payments at $3,561.05; - 15-year mortgage at 7.625% (7.830% APR for conforming loans, or 7.742% APR for jumbo loans): 180 monthly payments at $2,802.39; - 20-year mortgage at 7.625% (7.791% APR for conforming loans, or 7.720% APR for jumbo loans): 240 monthly payments at $2,439.76; - 30-year mortgage at 7.750% (7.881% APR for conforming loans, or 7.825% APR for jumbo loans): 360 monthly payments at $2,149.24. Loan payments do not include taxes and insurance.	Interest Rate 7.750%	Points** 0.000%	Annual Percentage Rate*** 7.825%	Monthly Payment Per $1,000**** $7.16
First Trust Deed 20-Year Fixed-Rate Mortgage for Investment Property - Conforming [1] In most of the country, the maximum conforming loan limit for one-unit properties is $832,750. In "high-cost" areas, the maximum conforming limit may be up to $1,249,125. 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. [3] Fixed-rate investment-property mortgage payment examples assuming a $300,000 loan: - 10-year mortgage at 7.500% (7.783% APR for conforming loans, or 7.660% APR for jumbo loans): 120 monthly payments at $3,561.05; - 15-year mortgage at 7.625% (7.830% APR for conforming loans, or 7.742% APR for jumbo loans): 180 monthly payments at $2,802.39; - 20-year mortgage at 7.625% (7.791% APR for conforming loans, or 7.720% APR for jumbo loans): 240 monthly payments at $2,439.76; - 30-year mortgage at 7.750% (7.881% APR for conforming loans, or 7.825% APR for jumbo loans): 360 monthly payments at $2,149.24. Loan payments do not include taxes and insurance.	Interest Rate 7.625%	Points** 0.000%	Annual Percentage Rate*** 7.791%	Monthly Payment Per $1,000**** $8.13
First Trust Deed 20-Year Fixed-Rate Mortgage for Investment Property - Jumbo [2] The jumbo loan limit is any amount greater than $832,750 up to $5,000,000. High-balance conforming allows for higher loan limits beyond the $832,750 conforming limit up to $1,249,125 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA). [3] Fixed-rate investment-property mortgage payment examples assuming a $300,000 loan: - 10-year mortgage at 7.500% (7.783% APR for conforming loans, or 7.660% APR for jumbo loans): 120 monthly payments at $3,561.05; - 15-year mortgage at 7.625% (7.830% APR for conforming loans, or 7.742% APR for jumbo loans): 180 monthly payments at $2,802.39; - 20-year mortgage at 7.625% (7.791% APR for conforming loans, or 7.720% APR for jumbo loans): 240 monthly payments at $2,439.76; - 30-year mortgage at 7.750% (7.881% APR for conforming loans, or 7.825% APR for jumbo loans): 360 monthly payments at $2,149.24. Loan payments do not include taxes and insurance.	Interest Rate 7.625%	Points** 0.000%	Annual Percentage Rate*** 7.720%	Monthly Payment Per $1,000**** $8.13
First Trust Deed 15-Year Fixed-Rate Mortgage for Investment Property - Conforming [1] In most of the country, the maximum conforming loan limit for one-unit properties is $832,750. In "high-cost" areas, the maximum conforming limit may be up to $1,249,125. 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. [3] Fixed-rate investment-property mortgage payment examples assuming a $300,000 loan: - 10-year mortgage at 7.500% (7.783% APR for conforming loans, or 7.660% APR for jumbo loans): 120 monthly payments at $3,561.05; - 15-year mortgage at 7.625% (7.830% APR for conforming loans, or 7.742% APR for jumbo loans): 180 monthly payments at $2,802.39; - 20-year mortgage at 7.625% (7.791% APR for conforming loans, or 7.720% APR for jumbo loans): 240 monthly payments at $2,439.76; - 30-year mortgage at 7.750% (7.881% APR for conforming loans, or 7.825% APR for jumbo loans): 360 monthly payments at $2,149.24. Loan payments do not include taxes and insurance.	Interest Rate 7.625%	Points** 0.000%	Annual Percentage Rate*** 7.830%	Monthly Payment Per $1,000**** $9.34
First Trust Deed 15-Year Fixed-Rate Mortgage for Investment Property - Jumbo [2] The jumbo loan limit is any amount greater than $832,750 up to $5,000,000. High-balance conforming allows for higher loan limits beyond the $832,750 conforming limit up to $1,249,125 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA). [3] Fixed-rate investment-property mortgage payment examples assuming a $300,000 loan: - 10-year mortgage at 7.500% (7.783% APR for conforming loans, or 7.660% APR for jumbo loans): 120 monthly payments at $3,561.05; - 15-year mortgage at 7.625% (7.830% APR for conforming loans, or 7.742% APR for jumbo loans): 180 monthly payments at $2,802.39; - 20-year mortgage at 7.625% (7.791% APR for conforming loans, or 7.720% APR for jumbo loans): 240 monthly payments at $2,439.76; - 30-year mortgage at 7.750% (7.881% APR for conforming loans, or 7.825% APR for jumbo loans): 360 monthly payments at $2,149.24. Loan payments do not include taxes and insurance.	Interest Rate 7.625%	Points** 0.000%	Annual Percentage Rate*** 7.742%	Monthly Payment Per $1,000**** $9.34
First Trust Deed 10-Year Fixed-Rate Mortgage for Investment Property - Conforming [1] In most of the country, the maximum conforming loan limit for one-unit properties is $832,750. In "high-cost" areas, the maximum conforming limit may be up to $1,249,125. 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. [3] Fixed-rate investment-property mortgage payment examples assuming a $300,000 loan: - 10-year mortgage at 7.500% (7.783% APR for conforming loans, or 7.660% APR for jumbo loans): 120 monthly payments at $3,561.05; - 15-year mortgage at 7.625% (7.830% APR for conforming loans, or 7.742% APR for jumbo loans): 180 monthly payments at $2,802.39; - 20-year mortgage at 7.625% (7.791% APR for conforming loans, or 7.720% APR for jumbo loans): 240 monthly payments at $2,439.76; - 30-year mortgage at 7.750% (7.881% APR for conforming loans, or 7.825% APR for jumbo loans): 360 monthly payments at $2,149.24. Loan payments do not include taxes and insurance.	Interest Rate 7.500%	Points** 0.000%	Annual Percentage Rate*** 7.783%	Monthly Payment Per $1,000**** $11.87
First Trust Deed 10-Year Fixed-Rate Mortgage for Investment Property - Jumbo [2] The jumbo loan limit is any amount greater than $832,750 up to $5,000,000. High-balance conforming allows for higher loan limits beyond the $832,750 conforming limit up to $1,249,125 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA). [3] Fixed-rate investment-property mortgage payment examples assuming a $300,000 loan: - 10-year mortgage at 7.500% (7.783% APR for conforming loans, or 7.660% APR for jumbo loans): 120 monthly payments at $3,561.05; - 15-year mortgage at 7.625% (7.830% APR for conforming loans, or 7.742% APR for jumbo loans): 180 monthly payments at $2,802.39; - 20-year mortgage at 7.625% (7.791% APR for conforming loans, or 7.720% APR for jumbo loans): 240 monthly payments at $2,439.76; - 30-year mortgage at 7.750% (7.881% APR for conforming loans, or 7.825% APR for jumbo loans): 360 monthly payments at $2,149.24. Loan payments do not include taxes and insurance.	Interest Rate 7.500%	Points** 0.000%	Annual Percentage Rate*** 7.660%	Monthly Payment Per $1,000**** $11.87
Get Personalized Rates + Closing Costs Maximum loan amount for Investment Property Loans is $2,500,000. Contact a loan officer for details. Maximum real estate loan(s) to any one member is $7,000,000 (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. Rates and points may be locked in for 60 days at no charge, or up to a maximum total of 120 days for a fee of $500. Other rates and point options are available. Contact a Star One Phone Representative for details. * The Annual Percentage Rate (APR) for Jumbo loans assumes a loan amount of $900,000 for Jumbo loans. The APR for all other loans assumes a loan amount of $100,000. **** Payment amount does not include taxes and insurance. Actual payment amount will be greater.

Adjustable-rate investment property loans
30-Year Adjustable-Rate Loans	Interest Rate	Points**	Annual Percentage Rate***	Lifetime Cap	Monthly Payment Per $1,000****
30-Year Adjustable-Rate Loans 3/1 Adjustable-Rate Mortgage (3-Year ARM) for Investment Property - Conforming [1] In most of the country, the maximum conforming loan limit for one-unit properties is $832,750. In "high-cost" areas, the maximum conforming limit may be up to $1,249,125. 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. [3] The 3/1 Adjustable-Rate Mortgage for investment properties (also known as a "3-year ARM for investment properties") is a 30-year loan that has a fixed interest rate for the first three years. For the remaining 27 years, the interest rate is variable. The current interest rate for the first three years is 6.250% (6.823% APR for conforming loans, or 6.954% APR for jumbo loans). After three years, the interest rate and APR will adjust every year, depending on market conditions, based on an index and margin. This means that the interest rate and APR—and monthly payments—may increase or decrease every year after the initial three-year period. You can use our mortgage calculator to calculate an estimated monthly payment for the first three years of this loan. A sample payment scenario for a loan of $300,000 at the current 6.250% interest rate (6.823% APR) would be 36 payments of $1,847.15, followed by 324 payments based on future variable rates which adjust every year. Loan payments do not include taxes and insurance.	Interest Rate 6.250%	Points** 0.000%	Annual Percentage Rate*** 6.823%	Lifetime Cap 11.250%	Monthly Payment Per $1,000**** $6.16
30-Year Adjustable-Rate Loans 3/1 Adjustable-Rate Mortgage (3-Year ARM) for Investment Property - Jumbo [2] The jumbo loan limit is any amount greater than $832,750 up to $5,000,000. High-balance conforming allows for higher loan limits beyond the $832,750 conforming limit up to $1,249,125 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA). [3] The 3/1 Adjustable-Rate Mortgage for investment properties (also known as a "3-year ARM for investment properties") is a 30-year loan that has a fixed interest rate for the first three years. For the remaining 27 years, the interest rate is variable. The current interest rate for the first three years is 6.250% (6.823% APR for conforming loans, or 6.954% APR for jumbo loans). After three years, the interest rate and APR will adjust every year, depending on market conditions, based on an index and margin. This means that the interest rate and APR—and monthly payments—may increase or decrease every year after the initial three-year period. You can use our mortgage calculator to calculate an estimated monthly payment for the first three years of this loan. A sample payment scenario for a loan of $300,000 at the current 6.250% interest rate (6.823% APR) would be 36 payments of $1,847.15, followed by 324 payments based on future variable rates which adjust every year. Loan payments do not include taxes and insurance.	Interest Rate 6.250%	Points** 0.000%	Annual Percentage Rate*** 6.954%	Lifetime Cap 11.250%	Monthly Payment Per $1,000**** $6.16
30-Year Adjustable-Rate Loans 5/1 Adjustable-Rate Mortgage (5-Year ARM) for Investment Property - Conforming [1] In most of the country, the maximum conforming loan limit for one-unit properties is $832,750. In "high-cost" areas, the maximum conforming limit may be up to $1,249,125. 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. [4] The 5/1 Adjustable-Rate Mortgage for investment properties (also known as a "5-year ARM for investment properties") is a 30-year loan that has a fixed interest rate for the first five years. For the remaining 25 years, the interest rate is variable. The current interest rate for the first five years is 6.375% (6.785% APR for conforming loans, or 6.882% APR for jumbo loans). After five years, the interest rate and APR will adjust every year, depending on market conditions, based on an index and margin. This means that the interest rate and APR—and monthly payments—may increase or decrease every year after the initial five-year period. You can use our mortgage calculator to calculate an estimated monthly payment for the first five years of this loan. A sample payment scenario for a loan of $300,000 at the current 6.375% interest rate (6.785% APR) would be 60 payments of $1,871.61, followed by 300 payments based on future variable rates which adjust every year. Loan payments do not include taxes and insurance.	Interest Rate 6.375%	Points** 0.000%	Annual Percentage Rate*** 6.785%	Lifetime Cap 11.375%	Monthly Payment Per $1,000**** $6.24
30-Year Adjustable-Rate Loans 5/1 Adjustable-Rate Mortgage (5-Year ARM) for Investment Property - Jumbo [2] The jumbo loan limit is any amount greater than $832,750 up to $5,000,000. High-balance conforming allows for higher loan limits beyond the $832,750 conforming limit up to $1,249,125 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA). [4] The 5/1 Adjustable-Rate Mortgage for investment properties (also known as a "5-year ARM for investment properties") is a 30-year loan that has a fixed interest rate for the first five years. For the remaining 25 years, the interest rate is variable. The current interest rate for the first five years is 6.375% (6.785% APR for conforming loans, or 6.882% APR for jumbo loans). After five years, the interest rate and APR will adjust every year, depending on market conditions, based on an index and margin. This means that the interest rate and APR—and monthly payments—may increase or decrease every year after the initial five-year period. You can use our mortgage calculator to calculate an estimated monthly payment for the first five years of this loan. A sample payment scenario for a loan of $300,000 at the current 6.375% interest rate (6.785% APR) would be 60 payments of $1,871.61, followed by 300 payments based on future variable rates which adjust every year. Loan payments do not include taxes and insurance.	Interest Rate 6.375%	Points** 0.000%	Annual Percentage Rate*** 6.882%	Lifetime Cap 11.375%	Monthly Payment Per $1,000**** $6.24
30-Year Adjustable-Rate Loans 7/1 Adjustable-Rate Mortgage (7-Year ARM) for Investment Property - Conforming [1] In most of the country, the maximum conforming loan limit for one-unit properties is $832,750. In "high-cost" areas, the maximum conforming limit may be up to $1,249,125. 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. [5] The 7/1 Adjustable-Rate Mortgage for investment properties (also known as a "7-year ARM for investment properties") is a 30-year loan that has a fixed interest rate for the first seven years. For the remaining 23 years, the interest rate is variable. The current interest rate for the first seven years is 6.500% (6.792% APR for conforming loans, or 6.858% APR for jumbo loans). After seven years, the interest rate and APR will adjust every year, depending on market conditions, based on an index and margin. This means that the interest rate and APR—and monthly payments—may increase or decrease every year after the initial seven-year period. You can use our mortgage calculator to calculate an estimated monthly payment for the first seven years of this loan. A sample payment scenario for a loan of $300,000 at the current 6.500% interest rate (6.792% APR) would be 84 payments of $1,896.20, followed by 276 payments based on future variable rates which adjust every year. Loan payments do not include taxes and insurance.	Interest Rate 6.500%	Points** 0.000%	Annual Percentage Rate*** 6.792%	Lifetime Cap 11.500%	Monthly Payment Per $1,000**** $6.32
30-Year Adjustable-Rate Loans 7/1 Adjustable-Rate Mortgage (7-Year ARM) for Investment Property - Jumbo [2] The jumbo loan limit is any amount greater than $832,750 up to $5,000,000. High-balance conforming allows for higher loan limits beyond the $832,750 conforming limit up to $1,249,125 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA). [5] The 7/1 Adjustable-Rate Mortgage for investment properties (also known as a "7-year ARM for investment properties") is a 30-year loan that has a fixed interest rate for the first seven years. For the remaining 23 years, the interest rate is variable. The current interest rate for the first seven years is 6.500% (6.792% APR for conforming loans, or 6.858% APR for jumbo loans). After seven years, the interest rate and APR will adjust every year, depending on market conditions, based on an index and margin. This means that the interest rate and APR—and monthly payments—may increase or decrease every year after the initial seven-year period. You can use our mortgage calculator to calculate an estimated monthly payment for the first seven years of this loan. A sample payment scenario for a loan of $300,000 at the current 6.500% interest rate (6.792% APR) would be 84 payments of $1,896.20, followed by 276 payments based on future variable rates which adjust every year. Loan payments do not include taxes and insurance.	Interest Rate 6.500%	Points** 0.000%	Annual Percentage Rate*** 6.858%	Lifetime Cap 11.500%	Monthly Payment Per $1,000**** $6.32
30-Year Adjustable-Rate Loans 10/1 Adjustable-Rate Mortgage (10-Year ARM) for Investment Property - Conforming [1] In most of the country, the maximum conforming loan limit for one-unit properties is $832,750. In "high-cost" areas, the maximum conforming limit may be up to $1,249,125. 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. [6] The 10/1 Adjustable-Rate Mortgage for investment properties (also known as a "10-year ARM for investment properties") is a 30-year loan that has a fixed interest rate for the first 10 years. For the remaining 20 years, the interest rate is variable. The current interest rate for the first three years is 6.625% (6.822% APR for conforming loans, or 6.852% APR for jumbo loans). After 10 years, the interest rate and APR will adjust every year, depending on market conditions, based on an index and margin. This means that the interest rate and APR—and monthly payments—may increase or decrease every year after the initial 10-year period. You can use our mortgage calculator to calculate an estimated monthly payment for the first 10 years of this loan. A sample payment scenario for a loan of $300,000 at the current 6.625% interest rate (6.822% APR) would be 120 payments of $1,920.93, followed by 240 payments based on future variable rates which adjust every year. Loan payments do not include taxes and insurance.	Interest Rate 6.625%	Points** 0.000%	Annual Percentage Rate*** 6.822%	Lifetime Cap 11.625%	Monthly Payment Per $1,000**** $6.40
30-Year Adjustable-Rate Loans 10/1 Adjustable-Rate Mortgage (10-Year ARM) for Investment Property - Jumbo [2] The jumbo loan limit is any amount greater than $832,750 up to $5,000,000. High-balance conforming allows for higher loan limits beyond the $832,750 conforming limit up to $1,249,125 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA). [6] The 10/1 Adjustable-Rate Mortgage for investment properties (also known as a "10-year ARM for investment properties") is a 30-year loan that has a fixed interest rate for the first 10 years. For the remaining 20 years, the interest rate is variable. The current interest rate for the first three years is 6.625% (6.822% APR for conforming loans, or 6.852% APR for jumbo loans). After 10 years, the interest rate and APR will adjust every year, depending on market conditions, based on an index and margin. This means that the interest rate and APR—and monthly payments—may increase or decrease every year after the initial 10-year period. You can use our mortgage calculator to calculate an estimated monthly payment for the first 10 years of this loan. A sample payment scenario for a loan of $300,000 at the current 6.625% interest rate (6.822% APR) would be 120 payments of $1,920.93, followed by 240 payments based on future variable rates which adjust every year. Loan payments do not include taxes and insurance.	Interest Rate 6.625%	Points** 0.000%	Annual Percentage Rate*** 6.852%	Lifetime Cap 11.625%	Monthly Payment Per $1,000**** $6.40
Get Personalized Rates + Closing Costs Initial interest rate is fixed for 3 years, 5 years, 7 years or 10 years. See loan program summary for additional terms, contact a loan officer for details. Maximum loan amount for Investment Property Loans is $2,500,000. Contact a loan officer for details. Maximum real estate loan(s) to any one member is $7,000,000 (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. Rates and points may be locked in for 60 days at no charge, or up to a maximum total of 120 days for a fee of $500. Other rates and point options are available. Contact a Star One Phone Representative for details. * The Annual Percentage Rate (APR) for Jumbo loans assumes a loan amount of $900,000 for Jumbo loans. The APR for all other loans assumes a loan amount of $100,000. **** Payment amount does not include taxes and insurance. Actual payment amount will be greater.

How much down payment do I need?

Star One offers first-mortgage loans for primary residences with a down payment as low as 3%.

Loans with less than 20% down payment typically require PMI (Private Mortgage Insurance).

First mortgage for primary residences—single-family homes, condominiums and townhomes:

3% down payment: loans up to $1,249,125 (97% LTV)
5% down payment: loans up to $1,500,000 (95% LTV)
10% down payment: loans up to $2,000,000 (90% LTV)
15% down payment: loans up to $2,500,000 (85% LTV)
20% down payment: loans up to $3,000,000 (80% LTV)
25% down payment: loans up to $3,500,000 (75% LTV)
30% down payment: loans up 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 up to $1,249,125 (97% LTV)
5% down payment: loans up to $1,500,000 (95% LTV)
Ask a Loan Officer or Member Service Representative about lower mortgage insurance premiums and discounted appraisal fee

First mortgage for 2-4 unit primary residences:

20% down payment: loans up to $3,000,000 (80% LTV)
25% down payment: loans up to $3,500,000 (75% LTV)
30% down payment: loans up to $5,000,000 (70% LTV)
Cash out is available for refinance transactions with at least 20% down payment (up to 80% LTV)

First mortgage for secondary residence or vacation home (single-family only):

30% down payment: loans up to $2,000,000 (70% LTV)
Single-family residence only—purchase or limited cash-out refinance option

Investment Property Mortgage Rates

Fixed-rate investment property loans

Adjustable-rate investment property loans

Minimum down payment on a house, condo or investment property