Home Loans
Whether you are buying, refinancing or building, our local experts are here to help you finance a home in Oregon or Washington. Let’s find the right solution for you!
PNWFCU® Loan Benefits
- Save money with free appraisals (lender paid) for home purchases!
- Get a 20% cash reward when buying or selling a home with our Home Rewards Program.
- Close on time with our Mortgage On-Time Closing Guarantee.
- $1,000 closing cost credit with our Educator’s Mortgage Appreciation Program.
- Experience 5-star local service!
- Choose from a variety of home loans to find the best option for you.
- Access additional guidance and tools with our home-buying resources.
- Explore other down payment and closing cost assistance programs.
Today’s Mortgage Rates
Rates based on a $400,000 loan amount.
| Product | Interest Rate | Points | APR* | Payment |
|---|---|---|---|---|
| Rates Effective: 04/07/2025 | ||||
| 30 Year Fixed Rate | 6.750% | 0.375% | 6.831% | $2,594 |
| 30 Year Fixed Rate | 6.625% | 0.875% | 6.754% | $2,561 |
| 20 Year Fixed Rate | 6.250% | 0.375% | 6.354% | $2,924 |
| 20 Year Fixed Rate | 6.125% | 0.875% | 6.291% | $2,895 |
| 15 Year Fixed Rate | 5.875% | 0.500% | 6.023% | $3,348 |
| 15 Year Fixed Rate | 5.750% | 1.000% | 5.976% | $3,322 |
| Land Loan | 9.920% | 0.000% | 10.297% | $2,399 |
| Construction** | 6.625% | 0.875% | 7.029% | $2,561 |
| Manufactured Home Construction*** | 6.250% | 0.000% | 6.973% | $3,066 |
*APR = Annual Percentage Rate. Mortgage rates assume borrower has excellent credit (including a credit score of 740 or higher), and a down-payment or equity equal to 20% of the purchase price/value. Estimated monthly payments shown include principal and interest. Additional rates and programs are available. Interest rates and APRs are subject to change without notice. **Construction terms shown based on construction phase only, repayment phase interest rate is .125% higher. *** Manufactured Home Construction rate and payment are based on a loan amount of $498,000 with a $200,000 lot purchase, $325,000 construction, and 95% loan-to-value.
Buy a Home
Find the mortgage loan and rate that fit your budget, with easy preapprovals and low down payment options.
Refinance Your Current Home
You might be able to lower your mortgage payment, pay off your loan faster, or get a cash-out refinance.
Construction Loans
Build the home you’ve been dreaming about, whether you already own the land or need to finance the purchase!
Home Loan Calculators
With the prices of homes increasing, you may wonder if you should save a 20% down payment for your home, or buy now with a smaller down payment. Use this down payment calculator to help determine if buying a home now might be the best choice for you.
Use this mortgage purchase calculator to find out how much you can afford to spend on a house.
Purchase Home Loans
- Fixed-Rate: The classic home loan, this option offers low fixed rates with a variety of terms. Our conventional loan now goes up to $806,500, so you can potentially get a larger loan amount for a lower rate than a typical jumbo loan.
- Jumbo Loans: We now offer jumbo loans for loans between $806,501 and $2,000,000 on primary and secondary residences. Contact us for more details.
- HomeReady™: Buy your home sooner with a down payment as low as 3%. See details. *Income limits may apply. HomeReady is a trademark of Fannie Mae.
- Home$tart Grant: Through the Home$tart program, you might qualify for up to $15,000 in grant funds for the down payment or closing costs on your first home. Learn more.
- MH Advantage: Get the quality home you want at a price you can afford, with down payments as low as 3%. MH Advantage are manufactured homes that are built to meet the higher construction, architectural design, and energy efficiency standards that you want for your home, while still being affordable.
- Bridge Loan: We now offer a 12-month fixed rate loan that you can use to finance your down payment on a new home without first selling your current house. The payments on a bridge loan are more manageable since they are interest-only payments.
Refinancing Your Current Loan
- Conventional: Refinance your fixed-rate mortgage to lower your rate or change your term. Our conventional loan now goes up to $806,500.
- Jumbo Loans: We now offer jumbo loans for refinance amounts between $806,501 and $2,000,000 on primary and secondary residences. Contact us for more details.
- RefiNow™: This is an affordable refinance option for homeowners earning up to 100% of area median income. If your mortgage is owned or guaranteed by Fannie Mae, you may be eligible to refinance your mortgage under RefiNow™.
- Homestretch: Refinance your existing mortgage, credit card or other loan debt to pay it off quickly with a low fixed rate and an option for an evaluation instead of a full appraisal. See details.
Construction, Home Improvement and Land Loans
- Construction: We can help you build your dream house with a construction loan. With our single-close program, you’ll save on closing costs and lock in a rate earlier.
- Home Improvement: Get a home improvement loan with reasonable terms and loan amounts up to $250,000 to cover a range of remodeling projects.
- Land Loans: Finance the purchase of a plot of land for your new home with our land loan.
- NEW! Manufactured Land/Home Construction: An affordable way to build a home! Purchase land and build a manufactured home with a low $2,000 origination fee and interest-only payments during construction. Loan transfers to a 30-year fixed mortgage loan when construction is complete. Learn more.
Mortgage On-Time Closing Guarantee
Our Mortgage On-Time Closing Guarantee offers assurance that your PNWFCU mortgage will close on or before the Contract Closing Date (subject to terms and conditions), or you will receive a $1,000 closing cost credit* at the time of loan closing.
Program Terms and Conditions:
- Purchase of primary residence or second home, no investment properties.
- Closing date at least 25 days after submitting a complete mortgage package, including:
- Mortgage application — online, via phone or face-to-face with a mortgage loan officer
- Providing all income, asset, and any other requested supporting documentation needed to make a loan decision within 3 business days of application
- Providing a fully executed purchase contract (all pages and all addendums if applicable)
- Signed disclosures within 2 business days of order date
- Ineligible scenarios include delay in completion of new construction or subject property repairs, seller related delays, weather/natural disaster delays, 3rd party delays.
*Closing cost credit only available if loan closes with Pacific NW FCU.
Read Glowing Reviews From Happy Homeowners!
★★★★★
“We have worked with Michael on several loans. Mostly Construction loans for our customer we built for. Recently we finance our new personal home with PNWFCU and worked directly with Michael. Communication was great and the loan closed as expected on time and at the cost he quoted. If you’re shopping loans don’t pass up a call to Michael and PNWFCU.”
— Douglas R.
★★★★★
“Michael was absolutely great! He was able to help us gather the necessary documentation for our loan quickly so we were able to close in less than 39 days! That is no small feat. He is organized, knowledgeable and calming. He was on task and matter of fact so that everything was completed as needed. Actually, before needed. I would use him again and again. We will be transferring our finances to PNWCU we are so satisfied with Michael and everyone we dealt with.”
— Mark S.
★★★★★
“Mr. Bradshaw came highly recommended, and did not disappoint. He quickly scheduled an appointment, was warm and engaging in person, and remained responsive during the HELOC application process. Five stars!”
— Shane
Speak to a Home Loan Consultant
Ready to get started? Apply online or contact Michael, also available by appointment at any branch.
Michael Bradshaw
Mortgage Sales Manager
503.258.2618 | Toll Free 800.444.5858, ext. 2618
[email protected] | NMLS #192893
See what Michael’s members are saying about him online.
Additional Resources
Quicklinks Title
Sub Headline
Home Rewards Program
A Better Way to Buy or Sell Your Home
Refer a Member
Win $250 or More!
Visa Cash Rewards
Get 1% Cash Back!
Go Mobile
Download the App Today!
