Adjustable-Rate Mortgage

Our popular 3-year ARM , 5-year ARM and the 10-year ARM offer lower interest rates.

Lower Your Mortgage Rate Later!

If interest rates drop in the future, it's easy to lower the rate on most Star One mortgages for a small fee—no complicated refinance necessary!

Learn more about our unique Rate Modification program.

Calculate an ARM Payment

For Purchase or Refinance (First Trust Deed)

3-Year Fixed-to-Adjustable Rate[2]

APR [1]:
Conforming : 6.656%****
Jumbo : 6.789%*****

5-Year Fixed-to-Adjustable Rate[3]

APR [1]:
Conforming : 6.532%****
Jumbo : 6.631%*****

7-Year Fixed-to-Adjustable Rate[4]

APR [1]:
Conforming : 6.464%****
Jumbo : 6.535%*****

10-Year Fixed-to-Adjustable Rate[5]

APR [1]:
Conforming : 6.403%****
Jumbo : 6.438%*****

5/5 Fixed-to-Adjustable Rate[6]

APR [1]:
Conforming : 5.928%****
Jumbo : 6.032%*****

More Mortgage Rates

More Mortgage Calculators

• No origination fees and low closing costs
• Loans up to $5 million at same competitive rate
• Fast approvals and quick closings for purchase transactions
• Special 5/5 hybrid ARM offers greater rate security than traditional ARM s
• Reduce the interest rate on your current Star One mortgage with Mortgage Rate Modification (featured in Wall Street Journal)

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

Home Buying Webinars

If you missed our recent Home Buying Webinars, you can now view the recordings of them online!

Part 1—Loan and Financing

Join us as we discuss the home buying journey and dive into the mortgage financing process. View "Home Buying Webinar Part 1".

Part 2—Home Buying Process

Understand the home buying process from start to finish to help you navigate today's market and eliminate surprises. View "Home Buying Webinar Part 2".

More Mortgage Rates Today

• Fixed-Rate First Mortgage+
  as low as 5.375% (5.472% APR )
• Home Equity Line of Credit++
  8.500% (8.500% APR )
• Investment Property Loans
  as low as 6.125% (6.789% APR )
• First-Time Home Buyer
  as low as 3% down payment

Compare Adjustable-Rate Mortgages

3/1[2], 5/1[3], 7/1[4], or 10/1[5] ARM

• Adjustable-rate loan with an initial fixed-rate period of 3, 5, 7 or 10 years, with payments amortized over 30 years
• Interest rate adjusts annually the year following the initial fixed-rate period
• Index is based on weekly average yield of one-year Treasury Constant Maturity (TCM)
• Margin—Conforming: 2.5% ; over Conforming: 2.75%
• 2% annual cap, 5% lifetime cap above initial rate

5/5 ARM [6]

• Adjustable-rate loan with an initial fixed-rate period of 5 years, with payments amortized over 30 years
• Interest rate adjusts every 5 years starting the year following the initial fixed-rate period
• Index is based on weekly average yield of 5-year Treasury Constant Maturity (TCM)
• Margin—Conforming: 2.25% ; over Conforming: 2.50%
• 2% annual cap, 5% lifetime cap above initial rate

Purchase a home

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

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.

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.

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.

Disclosures

[1]. The Annual Percentage Rate (APR) for Jumbo loans assumes a loan amount of $800,000. The APR for all other loans assumes a loan amount of $100,000.

[2]. 3-year fixed-to-adjustable rate: Initial 5.625% (6.789% 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 $1,726.80 at 6.789% APR, followed by 324 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.

[3]. 5-year fixed-to-adjustable rate: Initial 5.750% (6.631% 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 $ 1,750.80 at 6.631% APR, followed by 300 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.

[4]. 7-year fixed-to-adjustable rate: Initial 5.875% (6.535% APR) is fixed for 7 years, then adjusts annually based on an index and margin. For a 30-year loan of $300,000, you would make 84 payments of $ 1,774.50 at 6.535% APR, followed by 276 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.

[5]. 10-year fixed-to-adjustable rate: Initial 6.000% (6.438% APR) is fixed for 10 years, then adjusts annually based on an index and margin. For a 30-year loan of $300,000, you would make 120 payments of $ 1,798.50 at 6.438% APR, followed by 240 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.

[6]. 5/5 fixed-to-adjustable rate: Initial 5.750% (6.032% 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 $ 1,750.80 at 6.032% APR, followed by 240 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 5.472% APR—120 monthly payments at $3,236.40; 15-year mortgage at 5.711% APR—180 monthly payments at $2,471.70; 20-year mortgage at 5.947% APR—240 monthly payments at $2,127.60; and 30-year mortgage at 6.181% APR—360 monthly payments at $1,822.80. 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).

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