Mortgage Loan Options

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Mortgage Resource Center

Adjustable-Rate Mortgage (ARM)

With an ARM, you typically experience a lower, fixed interest rate for a set period of time. Then, the rate adjusts based on financial markets for the remainder of the loan term. As a result, your monthly payment can be lower at first, but then may increase if interest rates go up.

Adjustable Rate Mortgage Calculator

Conventional Fixed-Rate Loan

With a conventional fixed rate mortgage, your interest rate never increases. Even if rates go up, your rate will remain the same. This makes budgeting easier.

STAR offers fixed rate mortgages for 15, 20 and 30 years. The longer the term of your loan, the lower your monthly payment will be. With a shorter term, though your payment may be higher, you're likely to build equity faster.

Fixed rate mortgages are the most popular choice for homeowners, especially those who plan to stay in their home for many years.

Construction Loan

STAR can help you bring your dream home to life with one of two attractive Construction Loans. 

With a One-Time Close Construction Loan, customers can lock in their interest rate and finance their home build with one transaction including only one set of closing costs.

A Two-Time Close Construction Loan offers more flexibility and involves two separate loans. The first loan is a 6- to 12-month interest-only loan that covers the construction. The second loan is your permanent loan and you have the option to choose what works best for you.

Debt Free in 7/10 Mortgage

Pay off your home in 10 years or less with a 7- or 10-year STAR Debt-Free Mortgage. Whether you would like to finance or refinance, STAR’s Debt-Free Mortgages come with discounted rates that helps you save as you pay it off. Now you can retire with zero mortgage payments. Or, if you're not ready to retire, put your extra cash to work for you. From vacations to independence, you'll love the feeling of living mortgage free.

STAR offers mortgage loan terms of 7* and 10** years with extremely attractive fixed rates. It's a great solution for:

  • Borrowers paying extra each month on their current mortgage payment
  • Homeowners concerned about retiring with their current debt
  • Homeowners dismayed at current deposit earnings and who have cash to invest

*APR for a $100,000 7- year loan 3.125% effective 2/24/17. Subject to change daily. The estimated payment is $1326.97 or 84 months of $13.27 per $1000 borrowed.
**APR for a $100,000 10- year loan 3.25% effective 2/24/17. Subject to change daily. The estimated payment is $977.19 or 120 months of $9.77 per $1000 borrowed

Mortgage Comparison Calculator

FHA Program

Some homebuyers may be eligible for a mortgage insured by the Federal Housing Administration. This is a government-backed program that offers fewer restrictions on a down payment and qualifying credit score than conventional mortgages.

FHA mortgages can be a good choice for:


  • First-time buyers
  • Buyers with less than a 20% down payment
  • Buyers with a low credit score
  • Self-employed buyers
  • Buyers with limited employment history


FHA loans are available as both fixed rate and adjustable rate mortgages. If you are interested in an FHA mortgage, or have any questions regarding an FHA mortgage, contact a mortgage banker .

Lot Loan

The Lot Loan program is designed to allow borrowers to take the first step in building their dream home. It offers a flexible structure to allow payments to be amortized over 15 years. Whether you are looking to acquire land within a platted subdivision or an open acreage tract, our lot loan will accommodate all of your needs.

Non-Conforming Loan

A non-conforming loan is a loan that does not meet the bank’s typical terms and conditions. For example, one of the most basic requirements a loan must meet is that it must fall under a certain loan amount. Non-conforming loans provide alternative financing for higher priced properties including loans for luxury primary residences, second homes and personal investment properties.

Physicians Mortgage

Whether you are an established physician or just starting out, we can customize a mortgage to your unique needs. From first homes to vacation homes, our expert mortgage bankers will work with you every step of the way. Plus, we service and retain all of our Physician Mortgage Program loans. If your practice is local, shouldn't your mortgage be too? 

STAR's Physician’s Mortgage Program solutions include:


  • Minimal down payments, flexible amortization and low fixed rates
  • Up to 100% of purchase price
  • No Private Mortgage Insurance (PMI)
  • Underwriting specialized for physicians
  • Local servicing