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Home Equity Lines and Loans

A Home Equity Loan (also called a Second Mortgage or a Second Trust Deed) is available with a fixed or adjustable interest rate.

Competitive Mortgage Rates

Home Equity Lines and Loans (Second Trust Deed)—California only

Adjustable-Rate Home Equity Loan**

Maximum 15 years / Up to $750,000******
As low as

4.302

%

APR (4.250% rate)

Home Equity Line of Credit (HELOC)***

15 years / Up to $750,000******
As low as

4.250

%

APR (4.250% rate)

Fixed-Rate Home Equity Loan****

Maximum 15 years / Up to $750,000******
As low as

4.375

%

APR (4.429% rate)

  • No annual fees
  • Interest paid is often tax-deductible (consult your tax advisor)
  • Pay down the balance anytime with no prepayment penalty

Make home improvements, take a trip, or fund any big expense without worrying about access fees or high interest rates. Finance your plans easily with a Home Equity Loan or Line of Credit (HELOC).

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


Compare Home Equity Loans and Lines

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) allows you to obtain multiple advances of the loan proceeds at your discretion, up to a specified percentage of the equity in your home.

  • No annual fee
  • Revolving line of credit—withdraw funds as needed
  • Open-ended 10-year maximum draw period and 15-year repayment period
  • Interest rate adjusts quarterly: January, April, July and October on the cycle period
  • Index used is the Prime Rate

Fixed-Rate Home Equity Loan

A fixed-rate Home Equity Loan allows you to borrow, in a lump sum, up to a specified percentage of the equity in your home.

  • Maximum loan term of 15 years
  • Fixed interest rate and a fixed monthly payment
  • Equity loan (cash out) and cannot be in the first position
  • Maximum loan amount $750,000
  • Available for 1-4 unit primary residences
  • No closing cost for loans up to $500,000

Adjustable-Rate Home Equity Loan (ARM)

An adjustable-rate Home Equity Loan allows you to borrow a lump sum up to a specified percentage of the equity in your home.

  • Maximum loan term of 15 years
  • Variable-rate loan adjusts annually based on loan origination date
  • Index is based on weekly average yield of 1-year Treasury Constant Maturity(TCM)
  • Margin is 3.00%
  • Caps: 2% annual and 5% lifetime cap above the initial interest rate
  • Maximum loan amount $750,000
  • Available for 1- 4 unit primary residences

Purchase a home

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

Purchase a Home

Home refinance

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

Refinance Your Home

Lower your interest

Are mortgage rates now lower than your current Star One mortgage rate?

Rate Modification

Mortgage rate-lock

Mortgage rates change continually—protect yourself against an increase.

Rate-Lock Commitment


The mortgage process and your home search

Walk through the home-buying process with our video series

Start your home search
with HomeAdvantage®

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

* Fixed-rate mortgage payment examples assuming a $300,000 loan: 10-year mortgage at 2.924% APR—120 monthly payments at $2,877.30; 15-year mortgage at 3.040% APR—180 monthly payments at $2,072.70; 20-year mortgage at 3.536% APR—240 monthly payments at $1,739.70; and 30-year mortgage at 3.778% APR—360 monthly payments at $1,389.30. Loan payments do not include taxes and insurance.

** 15-year adjustable-rate home-equity loan rates range from 4.302% APR to 9.250% APR. The APR is variable, based on an index and margin. On a loan of $300,000 at 4.302% APR, you would make 180 payments of $2,256.30 over 15 years. Loan payments do not include taxes and insurance.

*** Home-equity lines of credit rates may range from 4.250% APR to 4.75% 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 $800 to $1,200. There may be an early closure fee of $500 for home equity lines closed within the first two years of origination.

**** For a 15-year fixed-rate home-equity loan of $300,000 at the current rate of 4.429% APR, you would make 180 payments at $2,276.10 over 15 years.

***** ARM mortgage loan rates may range from 3.826% APR to 3.716% 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 3.826% APR, you would make 36 payments of $1,285.20 during the intial three-year fixed-rate period. Loan payments do not include taxes and insurance.

****** The amount of the equity loan and the amount of the first-trust deed may not exceed 80% of the market value of the home up to $1,000,000. You must provide adequate insurance and a clean title to the property so that the Star One equity line will appear in second position.