Mortgage Loans
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Mortgage Loans
Getting your mortgage through OE Federal means you'll enjoy reasonable rates and a personalized touch you can't get from the big banks. We're ready to answer all your questions about payments, eligibility, and the application process.
- Both fixed and adjustable rate mortgages
- No prepayment penalties
- Great for first time homeowners
- Potential tax benefits
- Personalized customer service
Home Loan Rates
| LOAN TYPES | INTEREST RATE | APR | MONTHLY MORTGAGE PAYMENT (P&I) |
| 10 - Year Fixed | 2.625% | 2.797% | $2,845.18 Payment Details |
| 15 - Year Fixed | 2.625% | 2.743% | $2,018.07 Payment Details |
| 20 - Year Fixed | 3.000% | 3.092% | $1,663.79 Payment Details |
| 30 - Year Fixed | 3.250% | 3.316% | $1,305.62 Payment Details |
| 10 - Year Fixed High Balance | 2.750% | 2.820% | $5,724.66 Payment Details |
| 15 - Year Fixed High Balance | 2.750% | 2.815% | $4,071.73 Payment Details |
| 20 - Year Fixed High Balance | 3.125% | 3.162% | $3,365.26 Payment Details |
| 30 - Year Fixed High Balance | 3.375% | 3.412% | $2,652.58 Payment Details |
| 5 Year Hybrid ARM | 2.000% | 3.503% | $1,108.86 Payment Details |
| 7 Year Hybrid ARM | 2.000% | 2.680% | $1,108.86 Payment Details |
| 10 Year Hybrid ARM | 2.250% | 3.098% | $1,146.74 Payment Details |
| Home Equity Line of Credit (2 in 1 Product) | 3.250% | 3.250% | $270.84 Payment Details |
Rates are based on the following assumptions:
Conventional Loans: $300,000 loan amount and 20% down payment (net equity).
High Balance Loans: $600,000 loan amount and 20% down payment
Jumbo Loans: $765,601 loan amount and 20% down payment (net equity).
Note that the rates and/or fees may be higher based upon your credit score.
Home Equity Line of Credit: $100,000
Discount Points = 0
APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees.
Discount Points = A point is equal to one percent of the principal amount of your mortgage. For example, if you get a mortgage for $100,000, one point means you pay $1,000 to the lender. These points are usually collected at closing and may be paid by the borrower or the home seller, or may be split between them.
Rates posted are indications only and are subject to change without notice. Your actual rate and/or points may be different, as many factors can affect the final interest rate. The Rate and Payment quotes listed above are based upon the above assumptions.
Rate Locks are available after loan terms have been discussed with an OE Federal Loan Officer using verified credit, Loan-to-Value and borrower qualifications.
High-Balance Mortgages allow for higher loan limits beyond the $510,400 conforming limit up to $765,600 for high-cost areas as determined by the Federal Finance Agency (FHFA). These higher limits are designed to make home ownership more affordable in areas with the highest home prices and are typically priced below jumbo mortgage loans.
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444.
*Rates as of January 11, 2021.
Payment Calculator
Format: 12m, 36m, 3y, 7y
Payment Details
Monthly Payment:
$219.73
Number of Payments:
36
Total Payments:
$7,910.37
Total Interest:
$410.37
Payment Calculator
Format: 12m, 36m, 3y, 7y
Payment Details
Monthly Payment:
$219.73
Number of Payments:
36
Total Payments:
$7,910.37
Total Interest:
$410.37
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