15-year fixed-rate mortgage

Save more with a 15-year mortgage

Helping our members make smart financial decisions is one of the reasons we exist. It’s why we offer our members lower rates on 15-year mortgages for homes located in Oregon. If you are thinking about refinancing your current home or buying a new home, taking advantage of this new rate might help you save money and put your financial dreams within reach. 


Limited time: no lender fees on eligible 15-year mortgages

2.625% APR*

or higher


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Available on refinances or purchases

Whether you’re refinancing your existing home or purchasing a new home, a 15-year might be the right choice for you.


Refinancing your mortgage can give you the option to pay off your home sooner. If you’re looking to cut the amount of credit has improved or rates are lower since you financed your home, refinancing your mortgage could be a smart financial decision.


Since you’re paying off your loan in half the time, the monthly payments are higher on a 15-year mortgage but rates are lower than a 30-year mortgage. By paying off your loan in half the usual time, you’ll save more than a decade’s worth of interest payments.

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Shorter loan, less interest

It’s simple math. By paying off your loan in half the usual time, you’ll save more than a decade’s worth of interest payments. In the first 15 years of a 30-year fixed-rate mortgage, for example, around two-thirds of your monthly payment gets eaten up by interest, and whatever’s left over gets applied to the principal. With a 15-year mortgage, it’s the opposite. Two-thirds of your payment goes toward paying down your balance, while only a third goes to interest.

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Ready to talk to our team?

Our team is here to help answer your questions and compare your options. Contact us today if you’re interested in learning more about this unique offer on our 15-year home loan.

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*APR is based on credit profile. Actual APR may be higher. No lender fees on 15-year conventional mortgages with APR of 2.625% or higher. Credit score of 680 or higher required. Qualifying rate is current as of 3/8/2021 and subject to change at any time. Payment example, a loan for $150,000 at 2.625% APR for 180 months, borrower would make 180 payments of $1,009.00. Promotion may end at any time without notice. Contact OCCU for details.