Loans - Home Equity Lines

Are you looking for the ideal financing source for home mortgages, home improvements, your child's education, a new car or RV? Home equity loans, mortgage loans and lines of credit, with their low payments and potential tax deductibility* are the consumer's number one choice for their financing needs. You may borrow up to 100%** of the value of your home, including all liens. There are no origination fees or application fees on any Oregon Federal home equity loan or line of credit. All you pay are third party fees, if required.

On loans below $100,000 you may not need an appraisal. For these requests we may be able to conduct our own evaluation and eliminate the cost of an appraisal. Oregon Federal will do everything possible to reduce costs so that you will receive the best loan possible for your needs. The loan process is fast and easy, too! You may apply online, over the telephone or at any of our seven banking centers. Some requests can be processed during your initial visit while others take just a few days to complete. Either way, service to you is first to us!

*You should consult your tax advisor.
**The terms of your loan or line of credit are based on your creditworthiness and condition of your home.

Home Equity Lines

Home equity lines provide the maximum flexibility for access to your home's equity. You may apply for a generous credit limit and use only the portion that you need, when you need it. The required minimum payment is only 1.5% of the loan balance and you may prepay at any time. This helps to reduce your finance charges, because you only pay interest on the money you need. The variable interest rate allows you to take advantage of current market rates at all times, while your payment remains the same.