Star of Texas Credit Union offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

CONVENTIONAL

FHA

VA

USDA

 

 

 

CONVENTIONAL (CONV)

 

CONV loans are great for high credit score lower “loan to value” loans

  • they require 5% down payment
  • you can have the seller pay up to 3% of the purchase price in closing costs
  • we can go as low as 660 fico
  • we can cash out to 80% and rate and term up to 95% of the appraisal value
  • any CONV loan greater that 80% of the appraisal value requires PMI
FHA

FHA loans offer many benefits over conventional loans

  • they only require 3.5% down payment
  • you can have the seller pay up 6% of the purchase price in closing costs
  • we can go as low as 580 fico scores
  • we can cash out refinance up to 80% and rate and term refinance up to 95% of the appraisal value

VA

VA - Veterans Administration loan programs offer 0 down payment and no PMI

  • they require $0 money down, 100% loan to value
  • the seller can pay up to 6% of the purchase price in closing costs
  • we can go as low as 620 fico credit score
  • we can rate and term refinance to 100% loan to value

USDA

USDA - Rural Development loans - offer $0 down payment and low PMI

  • they require $0 money down
  • you can have the seller pay up 6% of the purchase price in closing cost
  • fico scores as low as 640
  • we can rate and term refinance to 100% loan to value
 



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.