Adjustable-Rate Mortgage
Our popular 3-year ARM, 5-year ARM and the 10-year ARM offer lower interest rates.
Competitive Mortgage Rates
Adjustable-Rate Mortgage (First Trust Deed)
Make an appointment for a free in-branch mortgage consultation with our experienced staff.
- 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 ARMs
- Reduce the interest rate on your current Star One mortgage with Mortgage Rate Modification (featured in Wall Street Journal)
- More Mortgage Rates
- Fixed-Rate First Mortgage +
as low as 3.179% APR - Home Equity Line of Credit ++
as low as 5.000% APR - Investment Property Loans
as low as 4.146% APR - First-Time Home Buyer
as low as 3% down payment - **Get mortgage rate details and more rates
Compare Adjustable-Rate Mortgages
3/1*, 5/1**, 7/1***, or 10/1**** 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% ; over $1,000,000: 3.00%
- 2% annual cap, 5% lifetime cap above initial rate
5/5 ARM*****
- 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% ; over $1,000,000: 2.75%
- 2% annual cap, 5% lifetime cap above initial rate
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.
First mortgage for primary residences
Cash out is available for refinance transactions up to 80% LTV.
Maximum loan:
- 97% LTV up to $850,000
- 90% LTV up to $1,500,000
- 80% LTV up to $2,000,000
- 75% LTV up to $3,000,000
- 70% LTV up to $5,000,000
- 80% LTV up to $2,000,000
- 75% LTV up to $3,000,000
- 70% LTV up to $5,000,000
First-Time Home-Buyer Program
- 97% LTV up to $850,000
- 95% LTV up to $1,500,000
- 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
- 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
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real-estate agent
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Disclosures
* 3-year fixed-to-adjustable rate: Initial 4.148% 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 $1,305.60 at 4.148% APR, followed by 324 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.
** 5-year fixed-to-adjustable rate: Initial 4.048% 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 4.048% APR, followed by 300 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.
*** 7-year fixed-to-adjustable rate: Initial 3.993% APR is fixed for 7 years, then becomes variable based on an index and margin. For a 30-year loan of $300,000, you would make 84 payments of $1,347.30 at 3.993% APR, followed by 276 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.
**** 10-year fixed-to-adjustable rate: Initial 3.892% APR is fixed for 10 years, then becomes variable based on an index and margin. For a 30-year loan of $300,000, you would make 120 payments of $1,368.30 at 3.892% APR, followed by 240 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.
***** 5/5 hybrid ARM: Initial 3.809% 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 3.809% 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 3.179% APR—120 monthly payments at $2,915.70; 15-year mortgage at 3.302% APR—180 monthly payments at $2,108.40; 20-year mortgage at 3.670% APR—240 monthly payments at $1,759.50; and 30-year mortgage at 3.909% APR—360 monthly payments at $1,410.60. Loan payments do not include taxes and insurance.
++ Home-equity lines of credit rates may range from 5.000% APR to 5.5% 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 $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.
