Home Loan Products
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Home Loan Products
The OE Federal Real Estate Department is flexible enough to meet your needs, whether you are a first-time home buyer or long-time owner. We're not here to sell you. We don’t collect a commission. We're committed to finding the best solutions for our union family.
- Conventional first mortgages
- Home equity loans
- Home equity lines of credit
- Adjustable and fixed rates available
- 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
Estimating your loan payment before buying can boost your negotiating power and help you choose the best loan term and down payment for your budget.
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
"Dealing with OE Federal[‘s] Real Estate Department was completely opposite of the experience we had with the bank. We were even able to get a lower interest rate...The process was simple and streamlined, it was almost unbelievable...Based on how this process progressed so smoothly, I will check with OE Federal before getting any future loans."