Mortgage loans

A house doesn't make a home. People do.

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Let us help you purchase your next home.

It takes a great loan to get into a great home. Our local team of mortgage experts is here to help you every step of the way and get you settled in for less with affordable borrowing options.

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

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.

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

Get pre-approved
Communicate your needs with your mortgage loan officer
Start your house hunt
Work with your realtor and mortgage loan officer to finalize your purchase
Make a house a home

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Today's top mortgage rates

View all Rates »

5/5 ARM

adjustable rate mortgage as low as

6.375%

6.706% annual percentage rate

30-year fixed

as low as

6.375%

6.480% annual percentage rate

15-year fixed

as low as

5.625%

5.794% annual percentage rate

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Mortgage options.

Fixed rates

Best for:
Best for:
Maximum loan amount
Maximum loan amount
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
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
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, 25% cash-out refinance
Property types
Single family residence, PUD, condo
Mortgage insurance
Required for all loans with less than 20% down payment

Variable rates

Best for:
Best for:
Maximum loan amount
Maximum loan amount
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
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
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, 25% 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

Best for:
Best for:
Maximum loan amount
Maximum loan amount
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
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
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

Veterans & educators

Best for:
Best for:
Maximum loan amount
Maximum loan amount
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
$806,500
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
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	Annual percentage rate (APR)	Points	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 $412,500.00, 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 $550,000.00 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 $806,501, 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 780 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 6.375%	Annual percentage rate (APR) 6.480%	Points 0.500%	1-month payment* $2,573.46
Terms 30 year jumbo fixed rate	Rate 6.375%	Annual percentage rate (APR) 6.469%	Points 0.500%	1-month payment* $5,031.52
Terms 15 year fixed rate	Rate 5.625%	Annual percentage rate (APR) 5.794%	Points 0.500%	1-month payment* $3,397.89
Terms Homeroom	Rate 7.625%	Annual percentage rate (APR) 7.724%	Points 0.500%	1-month payment* $3,892.87
Terms Just for Starters	Rate 7.625%	Annual percentage rate (APR) 7.724%	Points 0.500%	1-month payment* $3,892.87
Terms 5/5 ARM	Rate 6.375%	Annual percentage rate (APR) 6.706%	Points 0.500%	1-month payment* $2,573.46
Terms 5/5 jumbo ARM	Rate 6.375%	Annual percentage rate (APR) 6.694%	Points 0.500%	1-month payment* $5,031.52
Terms FHA	Rate 6.250%	Annual percentage rate (APR) 6.365%	Points 0.500%	1-month payment* $2,539.83
Terms VA	Rate 6.250%	Annual percentage rate (APR) 6.358%	Points 0.500%	1-month payment* $2,539.83
Terms Rates effective:	Rate July 3, 2025	Annual percentage rate (APR)	Points	1-month payment*

Find your ideal new home with our local team.

Choosing OnPoint Mortgage for your next home loan.

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.

Get a better rate on your home loan with OnPoint.

As a local community credit union we offer lower rates than national banks as well as offering local loan decisions and servicing. Local loan decisions mean that we can save you time when you need it most—when you’re closing on your new home.

OnPoint is simply the best local community credit union option for your first or next mortgage. Our local team of mortgage experts is here to help you get started. Connect with a Mortgage Officer today.

OnPoint mortgage-team outside local OnPoint branch in downtown portland

Home buying calculators

Turning home dreamers into homeowners.

Not just a dream. With OnPoint, you can finance a high-quality home at a great low rate. This is perfect for first-time home buyers that intend to use the property as a primary residence.

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Making homeownership accessible and affordable.

We make buying your first home more accessible and more affordable, with no down payment requirement, no private mortgage insurance, low fees and closing costs, plus a local expert to guide you along the way. Our First-Time Homebuyer Mortgage* can help get you the keys to your first home.

APPLY FOR A MORTGAGE LOAN ONLINE