- Borrow
- Home
HELOCs
Now with a 5.50% APR 12-month Intro Rate*
If you find a lender that's more transparent about their HELOCs, or they have a better intro rate... we encourage you to go with them.
Features & Details
- $25 annual fee
- Primary & non-owner occupied properties
- Variable rate after Intro period will never exceed 9.00% APR
- No prepayment penalties
- Credit limit up to $100,000
- Borrow up to 80% LTV
- 15-year draw period
- Same rate for all credit score tiers (must be 650+ to qualify)
HELOC Rates
| Loan Type | Term | Standard APR* | 12-Month Intro APR** | Max LTV | Annual Fee | |
|---|---|---|---|---|---|---|
| HELOC | 15 year draw period | 8.00% | 5.50% | 80% | $25 | |
| HELOC | 15 year draw period | 8.00% | 5.50% | 80% | $25 | |
| HELOC | 15 year draw period | 8.00% | 5.50% | 80% | $25 | |
| HELOC | 15 year draw period | 8.00% | 5.50% | 80% | $25 | |
| Not Available | ||||||
| Non-Owner Occupied HELOC | 10 year draw period | 8.00% | 5.50% | 75% | $25 | |
| Non-Owner Occupied HELOC | 10 year draw period | 8.00% | 5.50% | 75% | $25 | |
| Non-Owner Occupied HELOC | 10 year draw period | 8.00% | 5.50% | 75% | $25 | |
| Non-Owner Occupied HELOC | 10 year draw period | 8.00% | 5.50% | 75% | $25 | |
| Not Available |
*APR = Annual Percentage Rate. Minimum monthly payment is the greater of 1% of the balance or $125. You pay closing costs, which range between $125 – $2500 (estimate), to include flood certification, appraisal, title insurance, and escrow fees if required. No origination fees. An appraisal maybe required if your LTV is over 75% of tax assessed value. No condominium loans. Consult your tax advisor for deductibility status. Loan payment grace period of 15 days.
**Intro Rate Offer not available on existing Oregonians loans. Intro APR is a fixed rate available for the first 12 months the line of credit is open. After the intro period, the rate will be the Standard Rate. Standard Rate is variable and subject to change based on Prime Rate as published in the Wall Street Journal (Western Edition) + 0.50%. Standard Rate will never exceed 9.00% APR for all HELOCs.
Don’t take our word for it
The oregonians credit union is by far the best place to go for your home needs..The whole establishment is an absolute gem to work with and will help you in every step of the process..My wife and I had searched our options for a home equity line of credit and the oregonians credit union had the best rates and payment options for our situation.Little be known that they could also help us on our new trailer purchase and everything went without a issue..!
Great customer service! Grant Richardson helped us with applying for HELOC loan. Everything went smooth, easy and fast. Got a terrific interest rate too!
I'm glad to share my recent experience working with Lucy and Emily at Oregonians. From the moment I entered, I was warmly welcomed and they took the time to answer my questions on becoming a member and more specifically the procedure in obtaining a HELOC line of credit. Without hesitation, I would recommend the (small) but mighty credit union for your financial matters....
Always feel most welcome to stop in for any transaction or to just inquire about account options. Very grateful for the approval of my HELOC - it has been most appreciated!
The easiest and fastest lending experience I've ever had. I have been working with Kailee Wood on a couple HELOCS for investment properties and the turnaround time, communication and customer service has been top notch. One of the only banks in Oregon to offer HELOCS on investment properties with super low fees and good rates/terms. Very impressed with everything from start to finish and would highly recommend.
The team at Oregonians Credit Union is wonderful. For me, it all started back at the top of September when I applied for a HELOC at Embold Credit Union. We submitted the application with the requested up to date documents and were immediately approved. Two months later and the incompetent loan advisor still was unable to get her act together for signing. Tired of mistakes and misunderstandings and needing the loan, we reached out to Kailee at OCU and she was very helpful. Needless to say, we were approved immediately and signed the document THREE days after applying. The loan will be funded next week! I cant express my gratitude to Kailee and her team for helping us out in a tough spot!!
Everyone involved in my HELOC app was super helpful with the application process and financial strategies for debt consolidation.
I got two HELOCs through them. Great rates and fast turnaround. Beth Karr with the Prineville Branch was great to work with. Super responsive, and went above and beyond to work with me. Very pleased with this Credit Union!
Home Equity Loans
Primary & non-owner occupied property loans
Oregonians writes fixed equity loans with payments that don't change over time. Great option if you need the funds upfront.
Features & Details
- Fixed-rate that doesn't change
- Borrow $10,000-$250,000
- Borrow up to 80% LTV
- Terms up to 15 years
- No prepayment penalties
Home Equity Loan Fixed Rates*
| Loan Type | 84 Months | 10 Years | 12 Years | 15 Years | Max LTV | |
|---|---|---|---|---|---|---|
| Home Equity Loan1 | 6.29% | 6.54% | 7.29% | 7.54% | 80% | |
| Home Equity Loan1 | 6.54% | 6.79% | 7.54% | 7.79% | 80% | |
| Home Equity Loan1 | 6.79% | 7.04% | 7.79% | 8.04% | 80% | |
| Home Equity Loan1 | 7.04% | 7.29% | 8.04% | 8.29% | 80% | |
| Not Available | ||||||
| Non-Owner Occupied Equity Loan1 | 6.54% | 6.79% | 7.54% | 7.79% | 75% | |
| Non-Owner Occupied Equity Loan1 | 6.79% | 7.04% | 7.79% | 8.04% | 75% | |
| Non-Owner Occupied Equity Loan1 | 7.04% | 7.29% | 8.04% | 8.29% | 75% | |
| Non-Owner Occupied Equity Loan1 | 7.29% | 7.54% | 8.29% | 8.54% | 75% | |
| Not Available |
*Rates quoted in this table are fixed, but are not Annual Percentage Rates (APR). The APR will be higher. For example: a $250,000 loan at 7.36% for 84 months, would have an APR of 7.417%, a monthly payment of $3,817.41, and a loan origination fee of $500. Taxes and insurance are not included; therefore, the actual payment obligation may be greater.
1Member pays closing costs, which range between $300 – $2,500, to include flood certification, appraisal, title insurance, escrow fees (if required), and a loan origination fee (the greater of .2% of the loan balance or $150). An appraisal maybe required if your LTV is over 75% of tax assessed value. No condominium loans. Consult your tax advisor for deductibility status. Loan payment grace period of 15 days.
Home Equity Balloon Loans
Oregonians offers equity balloon loans for those unique ideal situations. For instance, when you need to fund renovations or repairs:
- In order to sell your home before the loan maturity term arrives.
- With the goal of refinancing this loan into a mortgage after the project completes.
An equity balloon loan has a monthly payment calculated using a longer term ("Amortization Period", up to 25 years) than the loan maturity term (3-7 years). You end up with a lower monthly payment compared with a traditional loan, where the payment calculation term and the loan maturity term are the same. Because of this gap with the balloon loan, the full balance ("balloon payment") is due at the maturity loan term.
Real life example: You borrow $100,000 to make major home renovations with the plan to sell after. Your payments will be much lower compared with a traditional equity loan in the meantime. You'll pay the loan off in full when your home sells.
Equity Balloon Loan Fixed Rates*
| Loan Type | Up to 36 Months | 60 Months | 84 Months | Max LTV | |
|---|---|---|---|---|---|
| Home Equity Balloon1 | 6.26% | 6.28% | 6.99% | 80% | |
| Home Equity Balloon1 | 6.51% | 6.53% | 7.24% | 80% | |
| Home Equity Balloon1 | 7.01% | 7.03% | 7.74% | 80% | |
| Home Equity Balloon1 | 7.26% | 7.28% | 7.99% | 80% | |
| Home Equity Balloon1 | 7.76% | 7.78% | 8.49% | 80% | |
| Non-Owner Occupied Home Equity Balloon1 | 6.51% | 6.53% | 7.24% | 75% | |
| Non-Owner Occupied Home Equity Balloon1 | 6.76% | 6.78% | 7.49% | 75% | |
| Non-Owner Occupied Home Equity Balloon1 | 7.26% | 7.28% | 7.99% | 75% | |
| Non-Owner Occupied Home Equity Balloon1 | 7.51% | 7.53% | 8.24% | 75% | |
| Non-Owner Occupied Home Equity Balloon1 | 8.01% | 8.03% | 8.74% | 75% |
*Rates quoted in this table are fixed, but are not Annual Percentage Rates (APR). The APR will be higher. For example: a $250,000 loan at 7.61% for 84 months, with an amortization period of 25 years, would have an APR of 7.684%, a monthly payment of $1,866.00, and a loan origination fee of $500.
1Member pays closing costs, which range between $300 – $2,500, to include flood certification, appraisal, title insurance, escrow fees (if required), and a loan origination fee (the greater of .2% of the loan balance or $150). An appraisal may be required if your LTV is over 75% of tax assessed value. No condominium loans. Consult your tax advisor for your deductibility status. Loan payment grace period of 15 days.
Mortgages
Primary, secondary or rental property mortgages
Home ownership is challenging. So are mortgages. Oregonians makes the mortgage process easier by working with you every step of the way. Even when this means texting throughout. We can't make your home any sweeter, but we can brighten up your mortgage experience.
Features & Details
- Fixed or adjustable rates
- Minimum 3% down payment
- Your mortgage stays with us, even after it's opened
- Purchase up to 1 point
- Manage your mortgage in digital banking with your other Oregonians accounts
Don't take our word for it
Recently I worked with Andrew on a home loan. The experience was unlike any previous I have had for my financial needs. Andrew and I texted back and forth, like old friends. He was able to guide me and provide me with all the tips and knowledge I needed to make the right choice for my family. The process was quick and painless, and I would not hesitate to point anyone I know his direction. THANK YOU ANDREW!
The refinance of our home was seamless and simple. Everyone was very helpful and courteous.
Home Improvement Loans
No equity? No problem. It's not needed for this loan.
Features & Details
- Borrow $3,000-$35,000
- Terms up to 10 years
- Title not required
- Primary residences only, with residency of 90+ days
- No LTV requirement
- Loan fee of $150
- Loan proceeds are to be used strictly for home improvements or repairs
Home Improvement Loan Rates
| Loan Type | Term | Standard APR* | Max LTV | |
|---|---|---|---|---|
| Home Improvement1 | Up to 10 years | 8.29% | 100% | |
| Home Improvement1 | Up to 10 years | 8.54% | 100% | |
| Home Improvement1 | Up to 10 years | 8.79% | 100% | |
| Home Improvement1 | Up to 10 years | 9.04% | 100% | |
| Not Available |
*APR = Annual Percentage Rate. The Standard Rate is fixed, and is the same for all terms. Origination fee of $150. Owner-occupied residences only. Loan proceeds are to be used strictly for home improvements or repairs. Title not required. No LTV requirement. Appraisal not required. Maximum loan $35,000. Maximum term 10 years. 10 day loan payment grace period.
