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We spent over 400 hours reviewing the top mortgage lenders before selecting the best for our readers. We’ve picked at least two lenders in several "best of" categories to help you find a lender that meets your needs.
If you’re looking to buy a home or refinance in Oregon, from its rainy coast to its high desert areas, we’ve done the research. We’ve identified some of the best mortgage lenders for your needs.
Whether you need to make a small down payment, are a first-time home buyer, seek a lender that doesn’t mind a low credit score, prefer an online lender, or want to borrow against your home’s equity, these mortgage lenders can help.
Best Oregon mortgage lenders for low down payments
With home prices rising fast in Oregon, many buyers are trying to get in with little money down. These lenders are suited to borrowers who need to make low down payments.
- Loan officers are familiar with state programs for buyers who need a low down payment
- Loans for newly minted professionals offer low or no down payments with no mortgage insurance
- Embraces low down payment home loans backed by the FHA and USDA
- Flagstar Bank review
- Affordable Loan Solution mortgage allows a 3% down payment with no mortgage insurance for qualified borrowers
- Offers low down payment FHA and VA loans
- Accepts alternative credit data, such as records of utility and rental payments
- Bank of America review
Best Oregon mortgage lenders for first-time home buyers
When buying your first home, you want a lender to treat you with care. These Oregon lenders are helpful to first-time home buyers.
- The online loan-choosing tool, CitiMortgage Selector, gives estimated loan costs before you apply
- Some loan programs allow nontraditional credit data, such as a record of paying rent on time
- Offers FHA and VA loans, among other low down payment mortgage programs
- CitiMortgage review
- Focuses on first-time home buyers
- Much of its business comes from FHA and VA loans, which allow small down payments
- Specializes in helping borrowers make use of state home buying programs
- Guild Mortgage review
Best Oregon mortgage lenders for low credit scores
Don’t have the best credit? These Oregon mortgage lenders won’t judge you for a low credit score; they’ll look for a way to get you into a home.
- Uses manual underwriting to evaluate borrowers, allowing flexibility to approve loans
- Offers FHA loans with a minimum credit score of 580 for qualified borrowers
- Supports VA loans, which have flexible underwriting
- New American Funding review
- Offers FHA and VA loans with minimum credit scores of 580
- Conventional loans have a 620 minimum credit score
- Uses alternative credit scoring for some loans
- J.G. Wentworth review
Best online mortgage lenders in Oregon
If you want to apply for and track a mortgage with minimal personal interaction, these lenders will appeal to you.
- Offers complete online service for application and loan tracking
- About 60% of American workers are able to import income and employment information directly
- Mobile app lets you apply for and track the loan on your device
- Rocket Mortgage review
- You may submit documentation electronically after making an application
- Access the account via desktop, phone or tablet
- Ability to sign disclosures electronically
- Pennymac Loan Services review
Best Oregon lenders for home equity lines of credit
A home equity line of credit gives you a way to borrow against your home’s equity to pay for home improvements or other expenses. These lenders offer HELOCs.
- Offers a discount introductory rate for six months
- No application fees or closing costs
- Checking account customers get lowest interest rate
- U.S. Bank review
- Interest rate discounts for Chase checking customers
- Doesn’t charge closing or application fees; does charge $50 origination fee and $50 annual fee
- Apply a fixed interest rate to all or some of the balance
- Chase Mortgage review
Best Oregon mortgage lenders: summary
- Flagstar Bank: Best for low down payments
- Bank of America: Best for low down payments
- CitiMortgage: Best for first-time home buyers
- Guild Mortgage: Best for first-time home buyers
- New American Funding: Best for low credit scores
- J.G. Wentworth: Best for low credit scores
- Rocket Mortgage: Best for online experience
- PennyMac: Best for online experience
- U.S. Bank: Best for home equity lines of credit
- Chase Mortgage: Best for home equity lines of credit