Discover how quick and easy getting a Star Home Equity Line of Credit can be.

You invest time and money into your home. Now with a Star Home Equity Line of Credit you can leverage those investments for personal cash flow.

If you already have a home equity line or loan somewhere else, it’s easy to switch to a Star Home Equity Line of Credit – we’ll even handle the paperwork. Accessing funds is simple and hassle free too – write a check and borrow what you need, when you need it.


*The Annual Percentage Rate (APR) for this Home Equity Line is variable based on the highest domestic Prime Rate published in The Wall Street Journal. The Prime Rate as of 3/31/2014 was 3.25%. In order to qualify for the 1.99% introductory rate, you must have a minimum draw amount of $25,000 at closing and monthly periodic payments must be deducted automatically from a Salem Five Star, Gold Star, or On the Job Star Checking Account. Call 1.800.472.5365 for current rates. Minimum line amount is $25,000. Maximum line amount is $250,000. Loan to value not to exceed 70% of tax assessed value (80% with a valid appraisal) or 60% for condominiums or townhouses (up to 70% with a valid appraisal.) Above LTV percentages assume either an existing Salem Five first mortgage loan or no existing lien on the subject property. 1- to 2- family owner-occupied residences only . Properties pledged as collateral that have been acquired through foreclosure, short sale, gift of equity or other similar type transactions will require a full appraisal. Trust review fees of up to $500 for properties held in trust. This offer is subject to change at any time without notice. $500 penalty for early termination. The annual fee of $50 is waived for Gold Star or On The Job Star Checking account holders. Consult a tax advisor regarding the tax deductibility of interest. **After initial 12 months, APR is the Prime Rate, that is currently at 3.25%. The maximum possible APR is 18%. Property insurance is required which includes, as required, flood insurance. Other restrictions may apply. New lines only. Eligibility requirements, terms, conditions, and exclusions apply. Ask for details.