Mortgages

Our team is working swiftly to be there for our members, but please expect increased wait times on the phone and in-branch due to increased inquiries. Thank you for your patience as we work diligently to assist our members. 
 

Home is closer than you think

We know there’s more than one route to your dream home. That’s why we offer a wide variety of mortgage options for every financial journey. Our mortgage loan officers will work closely with you to select the right financing option and guide you through every step along the way. We offer low closing cost options, fast processing and competitive rates.  

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Current rates

Loan type Interest rate as low as APR
15-year fixed 2.500 % 2.662 %
30-year fixed 3.125 % 3.125 %
Jumbo home loan 3.375 % 3.458 %
VA 30-year fixed 3.875 % 3.925 %
FHA 30-year fixed 3.875 % 3.985 %

100% home. 0% down.

We are now offering 100% home loan financing at low rates. With zero down and zero mortgage insurance, you’ll be home sooner than you thought possible.  

Learn more »

Loan glossary

FHA - A government mortgage backed by the Federal Housing Administration (FHA). Learn more. 

Fixed rate - A mortgage loan that includes fixed, non-changing interest through the life of the loan. Learn more. Learn more. 

Jumbo - A mortgage loan that allows buyers to finance more than the conforming loan limit. Learn more. 

Home equity lines of credit (HELOC) 

A line of credit that leverages the value of your home as collateral for a revolving balance (just like a credit card). Learn more. 

Refinancing - Paying off your current loan with the proceeds of a new loan. Learn more. 

VA - A government mortgage backed by the Department of Veterans Affairs (VA). 

Calculate your monthly payments

With this calculator, you can see how your payment impacts your principal over time. 

Try the mortgage payment calculator »

Fixed rate options

We have a variety of fixed programs to make home ownership a reality for you. Talk with our loan officers about first-time home buying programs, VA loans, FHA loans, USDA loans and 10 to 30-year terms to see which programs meet your needs best. All our loan programs offer competitive rates and low closing cost options.*

Meet with a loan officer »

Refinance

Refinancing your mortgage can give you the flexibility to take advantage of lower rates, pay off your home loan sooner or allow you to take some of the equity out for home improvements. OCCU's mortgage loan officers are happy to sit down with you and discuss the options before you fill out an application.

Start the process »

Jumbo loans

Mortgage options differ based on the amount you’re looking to borrow. For mortgages that exceed the standard conforming loan amount of $510,400, a jumbo loan may be a great option. Most lenders require a 20 to 30 percent down payment, but OCCU Jumbo Home Loans require as little as five percent down.

OCCU Jumbo Home Loans »

15-year mortgage

It’s the move that can save you thousands. Financing or refinancing your home with a 15-year mortgage shortens the lifetime of your loan and has less interest compared to traditional 30-year mortgages. See how you can score extra points for your financial picture.

See the savings »

First-time buyer programs

With our 100% home loan financing program there’s no reason to delay your dreams of home ownership any longer. You’ll be home sooner than you thought possible with zero down and zero mortgage insurance.

Get the details »

Take homebuying one step at a time

The OCCU Homebuying 101 Center has resources to help you navigate the steps toward home ownership. Walk through the entire homebuying process, from pre-qualification to getting your keys. By the end, you’ll have a clear picture of what to expect on your homebuying journey.

Start here to buy a home »

Join us for a homebuying seminar

At OCCU, we offer complimentary seminars for homebuyers. We regularly offer overviews of the homebuying process and investment property seminars. Check our calendar to see what’s coming up.

See upcoming seminars »

Ask us your homebuying questions

We’re here to guide you through the homebuying process. If you’re a first-time home buyer, we’ll walk you through every step of the way. If you’re an experienced buyer and ready to start the process, we’ll get right down to the competitive rates, low closing costs and fast processing you want in a mortgage loan.

15-year fixed rates start at 2.5% point origination, 0.005 , 2.662% APR. Rates may change and are current as of 03-30-20. Assumes  purchase of owner-occupied, single family residence, 740 credit score. At $300,000 and 2.5% for 180 months, you would make 180 payments of $2,000.37. Rates, fees, and programs subject to change without notice at any time. 
 
30-year fixed rates start at 3.125% point origination , 0.005 , 3.125% APR. Rates may change and are current as of 03-30-20. Assumes  purchase of owner-occupied, single family residence, 740 credit score. At $300,000 and 3.125% for 360 months, you would make 360 payments of $1,285.13. Rates, fees, and programs subject to change without notice at any time. 
 
OCCU Jumbo Home Loan rates start at 3.375% point origination , 0.005 , 3.458% APR. Rates may change and are current as of 03-30-20. Assumes  purchase of owner-occupied, single family residence, 740 credit score. At $650,000 and 3.375% for 360 months, you would make 360 payments of $2,873.63. Rates, fees, and programs subject to change without notice at any time. 
 
VA 30-year fixed rates start at 3.875%  point origination, 0 , 3.925% APR. Rates may change and are current as of 03-30-20. Assumes  purchase of owner-occupied, single family residence, 720 credit score. At $250,000 and 3.875% for 360 months, you would make 360 payments of $1,175.59. Rates, fees, and programs subject to change without notice at any time. 
 
FHA 30-year fixed rates start at 3.875%  point origination, 0 , 3.985% APR. Rates may change and are current as of 03-30-20. Assumes  purchase of owner-occupied, single family residence, 720 credit score. At $250,000 and 3.875% for 360 months, you would make 360 payments of $1,175.59. Rates, fees, and programs subject to change without notice at any time.