Home loans for new mortgages or refinances.
We help people in our community get the best rates on home loans.
Your home is one of the biggest investments you’ll ever make. Whether you’re buying your first home, getting ready to upgrade, or looking to refinance your home, OnPoint has the right loan for you.
Purchase your new home
Our experience in the local market gives you every advantage in the home buying process.
Refinance your home loan
We can help you lower your monthly payments or pay off your mortgage faster.
Find a local mortgage loan officer
Our local team of mortgage experts is here to help you get started. Connect with a Mortgage Officer today.
Mortgage loans, home refinancing & first-time home buyers.
Everyone’s home loan needs are unique. We offer a range of loan products, including a 30-year fixed-rate mortgage, a 15-year fixed-rate mortgage, adjustable-rate mortgages, loans for first-time homebuyers, and FHA or VA loans.
Fixed rate mortgages & refinancing.
Conventional fixed
Jumbo fixed
Best for:
Those who want the stability of a fixed rate for the life of their home loan.
Buyers whose bigger plans require a larger loan amount.
Maximum loan amount
$806,500
$2,000,000
Interest rate
Terms (see rate table below for payment examples)
15-, 20- and 30-year fixed rates
10-, 15-, 20- and 30-year fixed rates
Down payment requirement
Minimum of 3% down for purchase, 5% no cash-out refinance, 20% cash-out refinance
Minimum of 5% down for purchase and no cash-out refinance, 30% cash-out refinance
Property types
1-4 unit single family residence, PUD, condo and manufactured homes
Single family residence, PUD, condo
Mortgage insurance
Required for all loans with less than 20% down payment
Required for all loans with less than 20% down payment
Fixed rate mortgages & refinancing.
Best for:
Best for:
Maximum loan amount
Maximum loan amount
Interest rate
Interest rate
Terms (see rate table below for payment examples)
Terms (see rate table below for payment examples)
Down payment requirement
Down payment requirement
Property types
Property types
Mortgage insurance
Mortgage insurance
Conventional fixed
Best for:
Those who want the stability of a fixed rate for the life of their home loan.
Maximum loan amount
$806,500
Interest rate
Terms (see rate table below for payment examples)
15-, 20- and 30-year fixed rates
Down payment requirement
Minimum of 3% down for purchase, 5% no cash-out refinance, 20% cash-out refinance
Property types
1-4 unit single family residence, PUD, condo and manufactured homes
Mortgage insurance
Required for all loans with less than 20% down payment
Jumbo fixed
Best for:
Buyers whose bigger plans require a larger loan amount.
Maximum loan amount
$2,000,000
Interest rate
Terms (see rate table below for payment examples)
10-, 15-, 20- and 30-year fixed rates
Down payment requirement
Minimum of 5% down for purchase and no cash-out refinance, 30% cash-out refinance
Property types
Single family residence, PUD, condo
Mortgage insurance
Required for all loans with less than 20% down payment
Variable rate mortgages & refinancing.
Conventional ARMs
Jumbo ARMs
Best for:
Buyers seeking a lower rate or payment who may plan on moving in the future.
Buyers seeking a lower rate or payment whose bigger plans require a larger loan amount.
Maximum loan amount
$806,500
$2,000,000
Interest rates
Terms (see the rate table below for payment examples.)
3-, 5- and 7-year ARMs
3-, 5- and 7-year ARMs
Down payment requirement
Minimum of 5% down for purchase and no cash-out refinance, 20% cash-out refinance
Minimum of 5% down for purchase and no cash-out refinance, 30% cash-out refinance
Property types
1-4 unit single family residence, PUD, condo and manufactured homes
Single family residence, PUD, condo
Mortgage insurance
Required for all loans with less than 20% down payment
Required for all loans with less than 20% down payment
Caps
3/1 and 5/5 ARM
2% initial adjustment, 2% subsequent adjustment, lifetime adjustment 6%
7/1 ARM
5% initial adjustment, 2% subsequent adjustment, lifetime adjustment 5%
3/1 and 5/5 ARM
2% initial adjustment, 2% subsequent adjustment, lifetime adjustment 6%
7/1 ARM
5% initial adjustment, 2% subsequent adjustment, lifetime adjustment 5%
Variable rate mortgages & refinancing.
Best for:
Best for:
Maximum loan amount
Maximum loan amount
Interest rates
Interest rates
Terms (see the rate table below for payment examples.)
Terms (see the rate table below for payment examples.)
Down payment requirement
Down payment requirement
Property types
Property types
Mortgage insurance
Mortgage insurance
Caps
Caps
Conventional ARMs
Best for:
Buyers seeking a lower rate or payment who may plan on moving in the future.
Maximum loan amount
$806,500
Interest rates
Terms (see the rate table below for payment examples.)
3-, 5- and 7-year ARMs
Down payment requirement
Minimum of 5% down for purchase and no cash-out refinance, 20% cash-out refinance
Property types
1-4 unit single family residence, PUD, condo and manufactured homes
Mortgage insurance
Required for all loans with less than 20% down payment
Caps
3/1 and 5/5 ARM
2% initial adjustment, 2% subsequent adjustment, lifetime adjustment 6%
7/1 ARM
5% initial adjustment, 2% subsequent adjustment, lifetime adjustment 5%
Jumbo ARMs
Best for:
Buyers seeking a lower rate or payment whose bigger plans require a larger loan amount.
Maximum loan amount
$2,000,000
Interest rates
Terms (see the rate table below for payment examples.)
3-, 5- and 7-year ARMs
Down payment requirement
Minimum of 5% down for purchase and no cash-out refinance, 30% cash-out refinance
Property types
Single family residence, PUD, condo
Mortgage insurance
Required for all loans with less than 20% down payment
Caps
3/1 and 5/5 ARM
2% initial adjustment, 2% subsequent adjustment, lifetime adjustment 6%
7/1 ARM
5% initial adjustment, 2% subsequent adjustment, lifetime adjustment 5%
Just for Starters®
FHA Loans
Best for:
First-time home buyers who may want extra support on their home buying journey.
First-time home buyers and those looking for a low down payment option. This applies to purchasing, refinancing or re-establishing homeownership.
Maximum loan amount
Based on county property values
Based on county property values
Interest rates
Terms (see the rate table below for payment examples.)
30 years
15, 20 and 30 years
Down payment required
0% Down
Minimum of 3.5% down for purchase, 2.25% rate and term refinance (value determined by the lesser of the purchase price or appraised value), 20% equity needed for cash-out refinance
Property types
Single family residence, PUD, condo and manufactured homes
1-4 unit single family residence, PUD, condo and manufactured homes
Mortgage insurance
Not required
Required for all loans regardless of down payment amount
Best for:
Best for:
Maximum loan amount
Maximum loan amount
Interest rates
Interest rates
Terms (see the rate table below for payment examples.)
Terms (see the rate table below for payment examples.)
Down payment required
Down payment required
Property types
Property types
Mortgage insurance
Mortgage insurance
Just for Starters®
Best for:
First-time home buyers who may want extra support on their home buying journey.
Maximum loan amount
Based on county property values
Interest rates
Terms (see the rate table below for payment examples.)
30 years
Down payment required
0% Down
Property types
Single family residence, PUD, condo and manufactured homes
Mortgage insurance
Not required
FHA Loans
Best for:
First-time home buyers and those looking for a low down payment option. This applies to purchasing, refinancing or re-establishing homeownership.
Maximum loan amount
Based on county property values
Interest rates
Terms (see the rate table below for payment examples.)
15, 20 and 30 years
Down payment required
Minimum of 3.5% down for purchase, 2.25% rate and term refinance (value determined by the lesser of the purchase price or appraised value), 20% equity needed for cash-out refinance
Property types
1-4 unit single family residence, PUD, condo and manufactured homes
Mortgage insurance
Required for all loans regardless of down payment amount
Why you should apply for pre-approval
Applying for pre-approval gets your home-buying process off to a great start. It lets you understand exactly how much home you can afford, what loan amount you will qualify for, and your approximate monthly payments. A pre-approval also tells sellers and real estate agents that you are a serious buyer, which can be an advantage in a competitive process.
Pre-approval vs pre-qualification.
As you research home loans, you might hear the term “pre-qualification.” It sounds a lot like a pre-approval, and it is, in fact, similar. A pre-qualification uses some basic employment information to estimate how much of a home you can afford. That can be a good start, but a pre approval adds more certainty. Pre-approval includes a credit check and verification of your information, so may carry more weight with sellers and real estate agents.
How to get pre-approved.
Apply for pre-approval – you’ll complete an online profile to get started. Our Mortgage Loan Officers will work with you to compare rate and loan options and collect required supporting documents. It’s as easy as that―our local mortgage loan officers will be with you every step of the way, from pre-approval to checking off all the requirements along the way to completing your loan.
Get pre-approved today!
First-Time Home Buyers
OnPoint offers two loan products suitable for first time home buyers, and a list of resources to help make purchasing your first home easy and simple:
Just for Starters®
Our Just For Starter® loan is designed to give first-time borrowers a smooth start on their financial journey with competitive rates and flexible terms.
- No down payment requirement
- 30-year fixed-rate term
- No mortgage insurance requirements
FHA loans
Our FHA loans offer flexible and affordable options to help you achieve your dream of homeownership, even if you have less-than-perfect credit.
- Low down payment requirement
- 15-, 20-, or 30-year terms
- Mortgage insurance required for all loans, regardless of down payment
Home buying resources
When it’s your first time entering the home buying market, it’s natural to have questions. OnPoint has resources to help:
- Complimentary home buying webinars with local real estate professionals
- Educational article: The 6 Stages of Entering the Home Buyer Market
- Online affordability calculators
More mortgage calculators
Apply for a mortgage loan today at OnPoint Community Credit Union!
Disclosures
All OnPoint loans are subject to credit terms and approval.
*APR=Annual percentage rate.
