Knowing the local market and community makes a difference. We offer a variety of fixed and variable rate mortgage loans in Oregon and Southwest Washington backed by local experience and local servicing. That means you get quicker decisions and more flexibility than anywhere else. Whether you’re a first-time buyer, looking for a second home or investment property, or interested in refinancing your existing home, OnPoint provides local lending options to meet your needs.
Ideal if you plan to live in your home for the foreseeable future. Also a good choice for purchase or refinance of a second owner-occupied home or investment property.
A viable solution if your bigger plans require a loan amount exceeding conventional conforming loan limits for a residence.
Intended for first-time buyers and those looking for more flexible credit requirements. This applies to purchasing, refinancing or re-establishing homeownership.
A flexible option available to qualified military veterans and active military members.
Just for Starters® – Designed to meet the unique lending needs of the first-time homebuyer.
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Homeroom® – A unique refinance or purchase option for people working at an accredited educational institution.
$453,100
No limit
Based on county property values.
$453,100
Based on county property values.
15-, 20-, and 30-year fixed rates and 3-, 5-, and 7-year ARMs
15- and 30-year fixed rates and 3-, 5-, and 7-year ARMs
15, 20, and 30 years
15, 20, and 30 years
30 years
Up to 97% for purchase; 95% no cash-out refinance; 80% cash-out refinance
90% for purchase and no cash-out refinance; 70% cash-out refinance2
96.5% for purchase, 97.75% rate and term refinance (value determined by the lesser of the purchase price or appraised value); 85% cash-out refinance
Up to 100% (value determined by the lesser of the purchase price or appraised value)2
Up to 100% (value determined by the lesser of the purchase price or appraised value)2
1-4 unit single family residence, PUD, condo and manufactured homes
Single family residence, PUD, condo
1-4 unit single family residence, PUD, condo and manufactured homes
Single family residence, PUD, condo and manufactured homes
Single family residence, PUD, condo and manufactured homes
Required for all loans with LTVs greater than 80%
Required for all loans with LTVs greater than 80%
Required for all loans regardless of LTV
Not required
Not required
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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%
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Mortgage Rates
| Estimated Payments | ||||||
| Rate | Annual Percentage Rate | Points | # of Months | Rate | Payment | |
|---|---|---|---|---|---|---|
| 30 Year Fixed Rate | 5.000% | 5.081% | 0.000% | 359 | 5.000% | $966.28 |
| 1 | 5.000% | $965.32 | ||||
| 30 Year Jumbo Fixed Rate | 5.000% | 5.050% | 0.000% | 359 | 5.000% | $2,415.70 |
| 1 | 5.000% | $2,413.59 | ||||
| 15 Year Fixed Rate | 4.500% | 4.636% | 0.000% | 179 | 4.500% | $1,376.99 |
| 1 | 4.500% | $1,376.52 | ||||
| Homeroom | 6.125% | 6.203% | 0.000% | 359 | 6.125% | $1,458.27 |
| 1 | 6.125% | $1,453.68 | ||||
| Just for Starters | 6.125% | 6.203% | 0.000% | 359 | 6.125% | $1,458.27 |
| 1 | 6.125% | $1,453.68 | ||||
| 5/5 ARM | 4.125% | 5.240% | 0.250% | 60 | 4.125% | $872.37 |
| 299 | 5.750% | $1,026.27 | ||||
| 1 | 5.750% | $1,028.18 | ||||
| 5/5 Jumbo ARM | 4.125% | 5.187% | 0.000% | 60 | 4.125% | $2,180.92 |
| 299 | 5.750% | $2,565.69 | ||||
| 1 | 5.750% | $2,562.49 | ||||
We'll cover $550 toward your closing costs.*
American Home Shield Home Protection Plans offer you more coverage choices along with affordable pricing options.
When you share OnPoint, everybody wins. Earn $25 for your friends and business associates.*
Mortgage Calculators:
Mortgage Affordability
Fixed vs. Adjustable Rate Mortgage
Real Estate ROI
Rent or Buy
Balance Financial Fitness
The Balance Financial Fitness Program has many resources that can help you prepare to buy a home and better understand the process with tools such as a money management planner, calculators, and a home search checklist. Check out their Homebuying Toolkit for more information.
Here is a short informational video from Balance on getting a mortgage:
All OnPoint loans are subject to credit terms and approval.
* Lender credit of $550 toward the closing costs on purchase transactions only. Amount to be credited upon loan closing.
1 All loans require automatic payment from an OnPoint account. Refer to complete disclosures and agreements for other conditions that may apply.
2 LTV may vary depending on loan size and property type. See an OnPoint representative for details.