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.
Designed to meet the unique lending needs of the first-time home- buyer.
A unique lending option for people working at an accredited educational institution.
$424,100
No limit
Based on county property values
$375,000
$375,000
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
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
100% (value determined by the lesser of the purchase price or appraised value)
100% (value determined by the lesser of the purchase price or appraised value)
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
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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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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Mortgage Rates
| Estimated Payments | ||||||
| Rate | APR | Points | # of Months | Rate | Payment | |
|---|---|---|---|---|---|---|
| 30 Year Fixed Rate | 4.000% | 4.073% | 0.000% | 359 | 4.000% | $859.35 |
| 1 | 4.000% | $857.52 | ||||
| 15 Year Fixed Rate | 3.250% | 3.374% | 0.250% | 179 | 3.250% | $1,264.80 |
| 1 | 3.250% | $1,265.66 | ||||
| Homeroom | 5.250% | 5.321% | 0.000% | 359 | 5.250% | $1,325.29 |
| 1 | 5.250% | $1,324.36 | ||||
| Just for Starters | 5.250% | 5.321% | 0.000% | 359 | 5.250% | $1,325.29 |
| 1 | 5.250% | $1,324.36 | ||||
| 5 Year Adjustable Rate | 3.500% | 4.290% | 0.250% | 60 | 3.500% | 808.28 |
| 299 | 4.625% | 908.91 | ||||
| 1 | 4.625% | 909.77 | ||||
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.
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.