Mortgages

Purchase a home

Your dream home is waiting for you—and our team of local professionals can help you get there.

Refinance your home

Whether you want to cash out your equity, lower your payments or pay off your loan sooner, we have a refinancing option for you.

Tap into your home equity

Whatever the project, a HELOC (or Home Equity Line of Credit) can help you utilize the value you’ve built in your home.

Verify your Insurance

To help us verify your insurance coverage, please provide information about your loan and insurance coverage.

Real Estate Perks

A 20% Cash Reward program designed to save you time and money.

Mortgage Checklist

Whether you are planning to purchase or refinance – start by gathering these essential documents.

First Time Buyer

Are you ready to start your homebuying journey? We’ll help you every step of the way

Rates

Mortgage Rates

Loan Program	Rate	Annual Percentage Rate (APR)	Points	Payment
15 Year Fixed (Conforming)	6.375%	6.575%	0.250%	$3,024.88
30 Year Fixed (Conforming)	6.875%	6.989%	0.125%	$2,299.25
30 Year FHA	6.250%	6.867%	0.000%	$2,155.01
30 Year VA	6.250%	6.533%	0.250%	$2,155.01
30 Year USDA Rural Home Purchase	6.375%	6.793%	0.000%	$2,183.54
Zero Down 20 Year Fixed	7.250%	7.340%	0.000%	$2,766.32
Educator 100% 30 Year Fixed	8.875%	8.994%	0.375%	$2,784.76

The rates listed above are for a purchase loan amount of $350,000 and assume a 740+ credit score. Please reach out to a Mortgage Loan Officer for a specific rate quote. Refinance Rates can be higher than what is listed here.

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Frequently Asked Questions

What do I need to get a mortgage?

In general, you will be asked to provide:

Your name, address, and social security number, all of which are used to obtain your credit report.
Documentation to verify your income (such as pay stubs, W-2s, or federal tax returns.
Documentation verifying your asses (such as bank account statements).
A list of your liabilities (such as proof of recently paid-off debts)
A copy of your homeowner’s insurance policy or contact information for your insurance agent.

Do I need to be a Maps member to get a mortgage?

Yes. You must be a Maps member to apply for a mortgage. Contact us directly or click here to learn more about becoming a member.

How much can I get approved for?

Everyone’s circumstances are different, and we won’t be able to get a true and accurate estimate of your approval odds until we have a full application and have evaluated your credit history. The good news is that we are here to help! Generally, the size of the loan you qualify for is determined by your debt-to-income ratio. Contact one of our Mortgage Loan Officers today and we can help you determine what you qualify for.

What are your current mortgage rates?

Our general rates are posted online. The rate you qualify for is very specific to you and your situation. However we offer many different loan types and there are lots of different options within each loan type. Speak to one of our Mortgage Loan Officers for a more detailed idea of the rate you would qualify for.

What if I am pre-approved with another lender but want to switch to Maps?

We love that idea! However, where you are in the overall process could create some challenges. Make sure you speak with one of our Mortgage Loan Officers first before you cancel or stop the loan process with your existing lender. We would love to earn your business but, more than that, we want you to be successful when buying your new home, no matter whom the lender is.

How much will my monthly mortgage payment be?

To estimate your monthly payment, use our Mortgage Calculator. The payment estimate will be based on the terms of your loan and your home’s purchase price.

Can I buy a home if I have less-than-perfect credit?

Yes. It is possible to buy a home when your credit score is less than perfect. We would be happy to work through the best possible solution for you. For more information, download the Home Loan App by Maps CU or contact us at 503.588.0181.

How long does it take to get a mortgage?

It typically takes 30 days to close on your mortgage once you’ve submitted all required paperwork and documents. However, closing times vary based on many factors, so check with your home loan advisor early in the process to better understand when you can expect to close. If you’re planning to refinance your home, closing times are estimated to take 30-45 days.

I am a first-time homebuyer. What do I do?

To learn about the mortgage loan process, check out our Mortgage & Home Equity Learning Page or register for our Home Buyers Class and get some expert advice from our Mortgage Loan Officers while you connect with industry professionals. And, of course, we are always here to assist on the phone. Just call us at 503.588.0181.

Rates good as of effectivedate and are subject to change without notice. Rates may vary depending on each individual’s credit history and underwriting factors. All loan applications are subject to credit and property approval.

Payments shown are Principle and Interest Only and do not include any required mortgage insurance or any financed fees for government loans which may increase the mortgage balance and payments.

The APR for 30-Year FHA includes the Upfront Mortgage Insurance Premium of 1.75% of the balance. The APR for the 30-Year VA includes an estimated funding fee of 2.15%. The APR for the 30-Year USDA includes the guaranteed fee of 1%.

Zero Down
New purchase only. Maximum loan amount is based on FHA loan limits (ex. Maximum in Marion County is $483,000) . Property must be a single-family residence and located in Oregon. Mortgage Insurance and Escrow are required. Minimum contribution to cover fees and the appraisal must be the greater of $1000 or 1% of the purchase price.

Educator 100%
New purchase only. Maximum loan amount is based on FHA loan limits (ex. Maximum in Marion County is $483,000). Property must be a single-family residence and located in Oregon. Escrow is required. Loan-to-Value may not exceed 100 percent. Borrower responsible for appraisal and closing costs. 15-year and 30-year term available.