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Home loans from OnPoint—purchase and refinance

Dream homes require real loans.

We help people in our community get the best rates on home loans.

It takes a great loan to get into a great home. Our local team of home loan experts is here to help you every step of the way with affordable financing options.

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.

5/5 ARM
adjustable rate mortgage as low as
4.473%
APR*

Local mortgage options

Find the perfect home loan option for purchasing, refinancing, or first-time home-buying.

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

    $647,200

  • 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.

  • 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

    $647,200

  • Interest rates

  • Terms (see the rate table below for payment examples.)

    3-, 5- and 7-year ARMs

  • 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

  • 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%

First-time home buyers mortgage options

  • 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), 15% 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

Mortgages & refinancing for veterans & educators.

  • 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

VA Loans

  • Best for:

    Qualified military veterans and active military members seeking flexible financing options.

  • Maximum loan amount

    $647,200

  • Interest rates

    Contact us for details.

  • Terms (see the rate table below for payment examples.)

    15, 20 and 30 years

  • Down payment required

    0%

  • Property types

    Single family residence, PUD, condo and manufactured homes

  • Mortgage insurance

    Not required

Homeroom®

  • Best for:

    People working at an accredited educational institution seeking to purchase a home or refinance an existing home.

  • 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%

  • Property types

    Single family residence, PUD, condo and manufactured homes

  • Mortgage insurance

    Not required

Additional mortgage loan rate info.

Mortgage Purchase Rates
Mortgage Purchase Rates

Terms

Rate

Points

Annual percentage
rate (APR)

1-month payment*

Learn more about mortgage purchase loans View mortgage refinance rates

The annual percentage rates (APRs) for the 30 Year Fixed, 15 Year Fixed, and 5 Year adjustable rate loans are calculated based on a purchase of single family, owner occupied residence with a down payment of 25%, a loan amount of $180,000.00, and a property located in Multnomah County, Oregon.

The annual percentage rates (APRs) for the Homeroom and Just for Starters fixed rate loans are calculated based on a purchase of a single family, owner occupied residence with a purchase price and loan amount of $240,000.00 and located in Multnomah County, Oregon.

The annual percentage rates (APRs) for the 30 year jumbo fixed rate and 5/5 jumbo ARM are calculated based on a purchase of a single family, owner occupied residence with a down payment of 25%, a loan amount of $750,000, and a property located in Multnomah County, Oregon.

The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, a $795.00 origination fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

All loan applications are subject to credit and property approval.

The payments shown include only principal and interest. Certain loan products may require an escrow account for property taxes and insurance which will be added to the monthly payment amount.

These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 740 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.

Adjustable rate mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment.

If your down payment or equity is less than 20% mortgage insurance may be required, which will increase the monthly payment and APR.

Assumes no other loans or liens on subject property.

Property and/or flood hazard insurance may be required.

Maximum loan limits may apply.

Additional rates and programs are available.

Interest rates and APRs are subject to change without notice.

Terms

30 year fixed rate

Rate

5.250%

Points

0.250%

Annual percentage
rate (APR)

5.359%

1-month payment*

$993.97

Terms

30 year jumbo fixed rate

Rate

5.250%

Points

0.000%

Annual percentage
rate (APR)

5.289%

1-month payment*

$4,141.53

Terms

15 year fixed rate

Rate

4.875%

Points

-0.125%

Annual percentage
rate (APR)

4.999%

1-month payment*

$1,411.74

Terms

Homeroom

Rate

6.500%

Points

0.000%

Annual percentage
rate (APR)

6.583%

1-month payment*

$1,516.96

Terms

Just for Starters

Rate

6.500%

Points

0.000%

Annual percentage
rate (APR)

6.583%

1-month payment*

$1,516.96

Terms

5/5 ARM

Rate

4.375%

Points

0.250%

Annual percentage
rate (APR)

4.473%

1-month payment*

$898.71

Terms

5/5 jumbo ARM

Rate

4.375%

Points

0.000%

Annual percentage
rate (APR)

4.409%

1-month payment*

$3,744.64

Terms

Rates effective:

Rate

08-18-2022

Points

Annual percentage
rate (APR)

1-month payment*

We'll be with you every step of the way. It's what we do.

As a local mortgage leader we offer some of the best mortgage loan rates you can find. These days, buying a home in the Pacific Northwest has many challenges. Getting a great rate on your home loan shouldn’t be one of them.

You know what you need, we know home buying.

Your local lender is here to help you get into your new home and our local mortgage team will help you save time and purchase your next home in a competitive market. Getting pre-approved helps you know what you’re working with so you can start your search with confidence.

Your pre-approval will put you in a stronger position when you finally find a home that you love.

Once you’re ready to make an offer, we can help you close the deal, dot your I’s and cross your T’s with our excellent person-to-person mortgage loan support all along the way. We’ll also help you save money on closing costs so you can focus on settling in.

Apply for mortgage pre-approval online

Buying a home can feel overwhelming, we'll help make it simple.

  1. Get pre-approved
  2. Communicate your needs with your mortgage loan officer
  3. Start your house hunt
  4. Work with your realtor and mortgage loan officer to finalize your purchase
  5. Make a house a home

close_quote_large close_quote_large

We had a complicated home purchase with several moving pieces. Dustin Johnsen at OnPoint Community Credit Union was with us each step of the way and his tireless effort and attention to detail ensured that we could purchase our home in a such a frenzied market. I would recommend him for his patience in answering our questions, his ability to explain the nuances of mortgage transactions, and his care to ensure that we (and our buyers’ agent) had all the information we needed to make the best decision and manage risk.

- Calvin G.

Get pre-approved for a new mortgage today or visit with a home loan expert in your neighborhood.

Disclosures

All OnPoint loans are subject to credit terms and approval.

*APR=Annual percentage rate.

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