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OnPoint Mortgage

We believe in your dreams.
 
Fixed and variable mortgage rates
  • First-time buyer programs with 100% financing 
  • Second homes and investment properties
  • Jumbo loans
Local Expertise
  • We know the neighborhoods you're moving into   
  • Experienced and knowledgeable Mortgage Loan Officers to help you navigate your mortgage options
Local Servicing
  • All loans serviced locally for the life of the loan
  • Quick, personal attention to your needs
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Today's Featured Rates
  Rate APR Points Payment
30 Year Fixed Rate 4.375% 4.471% 0.250% $898.71
15 Year Fixed Rate 3.375% 3.552% 0.375% $1,275.77
5 Year Adjustable Rate 2.750% 2.965% 1.000% $734.83
Homeroom 5.375% 5.535% 1.000% $1,343.93
Just for Starters 5.375% 5.535% 1.000% $1,343.93
  • 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 APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, a $745.00 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.

 
Mortgage Details1 4/17/2014
Jumbo Fixed and ARMs Conventional Fixed and ARMs FHA Loans HomeroomSM Just for StartersSM
Ideal for: People who plan to move or refinance within 3-7 years People who plan on staying in the home for the forseeable future People looking to purchase, refinance or re-establish homeownership, first-time buyers and those looking for more flexible credit requirements Anyone who works in an accredited educational institution First-time buyers
Maximum Loan Amount2 No limit $417,000 Based on county $330,000 $330,000
Loan Purpose Purchase or refinance of owner occupied or second home Purchase or refinance of owner-occupied, second home, or investment property Purchase or refinance of owner occupied home only Owner-occupied only for purchases and no-cash-out refinances Purchase of owner-occupied home only
Property Types Single family residence, PUD, condominium 1-4 unit single family residence, PUD, condominium and manufactured homes 1-4 unit single family residence, PUD, condominium and manufactured homes 1 unit single family residence, PUD, condominium and manufactured homes 1 unit single family residence, PUD, condominium and manufactured homes
Property Location Oregon or southwest Washington Oregon or southwest Washington Oregon or southwest Washington Oregon or southwest Washington Oregon or southwest Washington
Financing Available (Loan to Value) 80% for purchase and no cash-out refinance; 70% cash-out refinance3 95% for purchase and no cash-out refinance; 80% cash-out refinance 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)
Fixed Terms 15 and 30-year fixed rates and 3, 5, and 7-year ARMs 15, 20, and 30-year fixed rates and 3, 5, and 7-year ARMs 15, 20, and 30 years 30 years 30 years
Caps 3/1 ARM; 2% initial adjustment, 2% subsequent annual adjustment, life time adjustment 6%; 5/1 and 7/1 ARM; 5% initial adjustment, 2% subsequent annual adjustment, life time adjustment 5% 3/1 and 5/1 ARM; 2% initial adjustment, 2% subsequent annual adjustment, life time adjustment 6%; 7/1 ARM; 5% initial adjustment, 2% subsequent annual adjustment, life time adjustment 5% Not applicable Not applicable Not applicable
Mortgage Insurance Not required Required for all loans with LTVs greater than 80% Required for all loans regardless of LTV Not required Not required
1All OnPoint loans are subject to credit terms and approval.
2All loans require automatic payment from an OnPoint account. Refer to complete disclosures and agreements for other conditions that may apply.
3LTV may vary depending on loan size and property type. See an OnPoint representative for details.