Home Loans

Let Orion lead you to home ownership.

1st Mortgages

To learn more about the 1st mortgage process including:

• The purchase of a new property
• Refinancing an existing mortgage
• Check the status of your mortgage application

Start Here.

 

2nd Mortgages & Lines of Credit

Type	Term	APR*
2nd Mortgage & Home Equity/ Improvement (closed end/fixed rate)	70% loan to value  3 year max	Rates as low as 5.75%
	80% loan to value  3 year max	Rates as low as 6.00%
	90% loan to value  3 year max	Rates as low as 6.50%
Prime Line Home Equity Line of Credit	80% loan to value (max. $100,000)	Rates as low as 4.00%
	90% loan to value (max. $75,000)	Prime + 1%

Up to 90% of appraised value or purchase price whichever is less. Rates and terms are subject to change. Contact an Orion representative online or call (901) 385-5222 or (800) 532-9025 for the most current rates. The rate and term may vary depending on each individual's credit history and underwriting factors.

 

NMLS ID Numbers: For a complete list of National Mortgage Licensing System unique identifiers for Orion's registered mortgage loan originators, please email or call 901.385.5200 or 800.532.9025 and ask for the Compliance Department.

Mortgages Disclaimer: There are closing costs for a 2nd fixed closed mortgage and no application fees. Rates are determined by credit score and CLTV with no consideration to loan amount or draw amount. Quoted rates and terms are subject to change without notice.

HELOC Disclaimer: Rate and terms are subject to change without notice. There are no closing costs as long as the initial funded amount is $10,000 or 25% of the line amount. Rates are determined by credit score and CLTV (combined load to value) with no consideration to loan amount or draw amount. Orion Federal Credit Union has a floor rate of 4.00% APR. APR=Annual percentage rate.

 

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