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Digital Banking

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home equity

you've shown your home a lot of love. now let it give a little back.

We recognize that our customers have big dreams. Utilizing the equity in your home may be the solution to make these dreams a reality. A Five Star Bank Home Equity Loan or Line of Credit can help you borrow against the equity in your home for things like:

  • building an addition
  • updating the kitchen or bath
  • paying for your child’s college tuition
  • purchasing a car
  • consolidating high-interest credit card debt

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Life is full of planned and unplanned expenses- big and small. At Five Star Bank, providing you with financing options is why we're here. A Five Star Bank Home Equity Loan or Line of Credit, or no closing cost refinance mortgage can be an affordable solution to support your expenses and include:

  • Maximum Loan-to-Value Ratio of 90% for primary residences.
  • Closing costs paid by Five Star Bank unless account is closed within its first 3 years.
  • No private mortgage insurance requirement.
Borrowers must have a minimum credit score of 680 and an appraisal of the property is required to open Five Star Bank Home Equity Loan, Home Equity Line of Credit or no-cost refinance mortgage.
Home Equity Line of Credit (HELOC)

A HELOC allows you to use the equity you have established in your home. You can withdraw funds from the line as you need during the first 15 years while making interest-only payments. After the 15-year draw period, you can no longer draw on the line, and there will be a 15-year repayment period of both principal and interest.

  • Borrow up to $300,000.
  • Receive a variable monthly interest rate and a 30-year term.
  • May be used as a first or second lien.
Home Equity Loan

A Five Star Bank Home Equity Loan enables you to use the equity you have established in your home to take out a loan with a variety of terms to choose from to fit your needs.

  • Borrow up to $300,000. 
  • Receive fixed monthly rates for 5, 10, 15 or 20 year terms.
  • May be used as a first or second lien.

Additional resources to support in your decision-making.

making the process straightforward - from application to closing.

The Five Star Home Equity Experience is a combination of person-to-person and digital experiences designed to take you through the application and closing process in a seamless, smooth, and stress-free manner.
The Five Star Home Equity Experience
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1. Disclosure-

Your Branch Banker will review our product offering and process, asking questions to complete your application, and will provide required disclosures.

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2. Authorization-

Our Registration Team will contact you to gain your final authorization to run your credit report and share the steps of our eSignature process.

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3. Processing-

Your loan will be assigned to a dedicated Processor who will be your main point-of-contact until closing.

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4. Underwriting-

After all remaining required documents are obtained, your Processor submits the file to an Underwriter for final decision.

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5. Post-Approval-

Upon approval and after your commitment letter is issued we will work with you to get the file cleared for closing.

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6. Loan Closing-

Your Branch Banker will contact you to schedule the closing and obtain any final missing documents. Your Home Equity Loan or Line will fund on the 4th business day after closing.

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7. Account Servicing-

Your first monthly statement will be sent 3 weeks prior to your first payment due date. Home Equity Line of Credit checks will be sent 4-5 weeks after closing.


*Please note that these timeframes reflect a typical Home Equity transaction. If there is an unforeseen delay, we will reach out to you.
manage your account through Digital Banking.

Download the app

View your account activity and manage payments through the Five Star Bank Digital Banking app. The Five Star Bank Digital Banking app allows you to manage your financial well-being right from your mobile device.

supporting your financial needs

for every life stage.

Explore other solutions like personal loans and lines of credits.