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9 best mortgage lenders in Oregon

Homeownership in Oregon calling to you? We compared more than 90 lenders to bring you the top picks for the Beaver State.


Fact checked

Now is a great time to buy a home in Oregon. Experts forecast that demand for homes across Oregon will continue to grow in 2021, as housing prices in the Bay Area and Seattle remain high and push buyers farther afield. The median value of a house in Oregon is $393,710 as of December 2020.

According to Zillow, home values in Oregon have risen 8.5% in 2020 and are expected to rise 10.4% over the next 12 months. If you’re ready to put down roots in Oregon, our top picks for mortgage lenders can help get you there.

Best Oregon mortgage lenders in 2021

How we picked the best lenders

We handpicked these lenders out of more than 90 lenders that originate home loans in Oregon. These nine lenders made the cut based on a range of factors, including:

  • Interest rates
  • Help for first-time homebuyers
  • Loans for a range of credit scores
  • Excellent customer service
  • Ease of online applications

We also researched real customer reviews from consumer rating sites like Trustpilot, Wallethub and the Better Business Bureau (BBB) in making our selections. To learn more about our process, see Finder’s rating methodology.

Best online experience logo
Go to site
at's secure site
Read review
Min. credit score
Min. down payment

Looking for a fast online application minus the hassle of paperwork? Unlike traditional lenders, Better claims it can link directly to your financial accounts to provide an online mortgage preapproval in a matter of minutes.

House hunting in Oregon without a loan preapproval can mean missing out to other buyers. If you’re a digital-savvy consumer who appreciates a fast application experience, Better could be the right lender for you.

  • Low fees. Better doesn’t charge origination or broker fees, such as application and credit-check fees.
  • Digital application process. Better’s digital application can link to your actual numbers in your bank and tax accounts, reducing your paperwork requirements.
  • Informative website. Better’s website is exceptionally informative, offering current rates and detailed mortgage information.
  • No app available. While it’s a digitally friendly company, Better doesn’t offer a mobile app at this time.
  • Limited types of loans. Better doesn’t offer first-time homebuyer or government loans such as VA or USDA loans.
  • Login credentials. While optional, you have to decide if you want to provide Better with login credentials to your bank and tax accounts.
Loan types Conventional, Jumbo, FHA, Refinance
Minimum credit score Refinance: 680
All other loans: 620
Minimum down payment 3%
States available Not available in: HI, MA, MN, NV, NH, VT, VA
Fees Better doesn’t charge origination fees, but you can expect to pay other third-party fees for appraisal, title services, recording changes, etc.

Best marketplace


LendingTree logo
Go to site
at LendingTree's secure site
Read review
Min. credit score
Min. down payment

If you can't decide which Oregon lender is best for you, LendingTree can help. LendingTree is a free mortgage marketplace that connects you to over 1,500 partnered lenders so you can choose and compare different providers in the state.

All you need to do is fill out a form on the LendingTree website. You’ll get a list of different lenders offering a wide range of home loans, including home purchase loans, refinance loans, home equity loans and reverse mortgages.

  • 1,500+ lenders to choose from. LendingTree can connect you to a large pool of lending options, along with real customer ratings.
  • Competitive loan offers. LendingTree works to find your best loan offers, so you can quickly compare and choose.
  • Alerts you to better deals. If LendingTree finds a better rate than your current one, you’ll receive a notification in your LendingTree account.
  • Your information is shared with lenders. LendingTree will send out your contact information to various lenders that may continue to contact you even after you’ve chosen a loan.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Minimum credit score Conventional: 620
FHA: 500
VA: 620
USDA: 640
Jumbo: 800
Minimum down payment 3%
States available Available in all states
Fees Expect to pay about 2% to 5% of your home’s total price in fees, including application, origination and third-party fees.

Best for refinancing


Min. credit score
Min. down payment
AmeriSave is an online mortgage lender that offers a wide range of home loans with an emphasis on helping homeowners refinance. AmeriSave’s website advertises current rates and offers a straightforward online application process that you can use to get prequalified and view your refinance rates. And after you've started an application, you’ll be given the option to upload your documents, track your refinance loan’s progress and electronically sign your documents.
  • View rates online. AmeriSave will give you a rate quote and prequalification in minutes if you fill out an online application. The prequalification won’t affect your credit in most cases.
  • Competitive refinance rates. AmeriSave offers competitive rates and terms on its refinance loans. As of December 2020, if you find a better deal within three calendar days, the company will match it or pay you $500.
  • Customer service. The company has good online reviews, with customers reporting that loan officers and underwriting assistants were attentive and informed.
  • Nonrefundable application fee. You’ll pay a $500 refundable loan application fee that you get back only if you successfully close your loan.
  • Online service only. AmeriSave is an online-only business and has no in-person branches.
  • No HELOC or home equity loans. AmeriSave doesn’t offer home equity loans for borrowers.
Loan types Conventional, Jumbo, FHA, VA, USDA, Refinance
Minimum credit score Conventional: 620
FHA: 600
Minimum down payment 3%
States available Not available in: NY
Fees AmeriSave charges $500 for applying as part of the origination fee.

Most popular

Stearns Lending

Min. credit score
Min. down payment

Stearns Lending offers a wide range of home loans to help borrowers in a variety of financial situations. Whether you’re a first-time homebuyer, an existing homeowner wanting to refinance or a retiree looking to eliminate mortgage payments, Stearns Lending has you covered.

It also offers a fast digital loan process for customers looking to apply online or with the Stearn Lending mobile app.

  • Mobile application. With Stearns Lending’s mobile app, your details go directly to loan underwriting, which can help speed up approval.
  • Lock your rate. Stearns Lending allows you to lock your interest rate anywhere from 14 to 90 days for a fee.
  • Educational tools. Stearns Lending has an in-depth blog offering information about home loans and tips for buying and selling.
  • Lackluster customer ratings. Online customer reviews report long wait times by phone and unhelpful agents.
  • Billing and escrow issues. Some borrowers have reported issues such as lost loan payments and billing errors.
  • Unclear digital application instructions. While Stearns Lending offers a digital application, it’s not clear how to start it. Your best bet is to contact the company.
Loan types Conventional, Refinance, FHA, VA, USDA, Reverse
Minimum credit score Conventional: 620
FHA: 580
States available Not available in: NY

Best for a wide range of credit scores


Min. credit score
Min. down payment

Finding it challenging to get approved for a loan in Oregon? PennyMac may be able to help. PennyMac is one of the nation’s largest digital mortgage lenders, offering a range of conventional, FHA, VA and flex-term option loans and an online application process.

While PennyMac caters to all types of homebuyers, it specializes in helping borrowers with lower credit scores who otherwise may not qualify for a loan in the Beaver State.

  • Flexible income requirements. Most PennyMac loans don’t have a specific salary requirement to be eligible for a loan.
  • Mortgage rates listed online. PennyMac’s website displays the mortgage rates you can expect to pay.
  • Free rate lock. This PennyMac feature allows you to lock in your loan’s interest rate for a specific time.
  • Spotty customer service. Some PennyMac customers have reported frustration in getting help after becoming a customer.
  • Mobile app isn’t great. While PennyMac offers a mobile app, customers report it lacks useful features.
  • Application deposit required. Some borrowers are required to pay $100 to apply for specific loans, although it’s credited to your loan when it closes.
Loan types Conventional, Refinance, FHA, VA, USDA, Jumbo, HELOC
Minimum credit score 620 for Conventional and VA loans
580 for FHA loans
700 for Jumbo loans
Minimum down payment 3%
States available Not available in: NY
Fees Origination fee: $0 for PennyMac VIP members; $1,100 for other applicants
Appraisal deposit fee: $465 to $1,000
Broker fee: $100 to $300, depending on loan type.

Best for customer service

Synergy One Lending

Min. credit score
Min. down payment

For customer service, Synergy One Lending is consistently ranked at the top. Its Modern Mortgage Experience technology aims to bring together the best of technology and people. Customers report being thrilled with the service, expertise and communication Synergy One loan officers provide.

Additionally, the company's proprietary S1 Connect app allows you to apply for a home loan from anywhere, upload documents and check the status of your application right from your mobile.

  • Digital application process. Unlike other online applications, Synergy One Lending can link to your financial accounts for instant verification of assets.
  • S1 Connect app. The proprietary app lets you apply for a mortgage, compare rates, upload documents, eSign, track your application and communicate with your loan officer.
  • Eliminates guesswork. The S1 Connect app lets you check the status of your mortgage application in real time.
  • Logins required for account verification. To use Synergy One Lending’s optional account verification feature, you have to provide login credentials to your financial accounts.
  • Loan officers only in some states. Synergy One Lending’s loan officers aren’t available in every state.
  • Doesn’t list costs or fees. Synergy One Lending isn’t transparent about its costs and fees on its website.
Loan types Conventional, Jumbo, FHA, VA, USDA, Reverse, Refinance
Minimum credit score 620
Minimum down payment 3%
States available AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NE, NM, OH, OK, OR, SC, SD, TN, TX, UT, WA, WI, WY
Fees Expect to pay about 2% to 5% of your home’s total price in fees, including origination, application and third-party fees.

Best rates

Sovereign Lending Group

Sovereign Lending Group logo
Min. credit score
Min. down payment

Sovereign Lending Group’s goal is to provide the best refinance rates and lowest mortgage payments for its customers. The company claims it will beat virtually any mortgage rate quote — and on average, we found that to be true in Oregon.

The company specializes in debt consolidation, cash-out and low rates and is willing to work with borrowers regardless of bad credit, foreclosures or bankruptcy. If you’re looking for a lender that’s willing to work with your less-than-perfect financial history, Sovereign Lending Group may be a great option.

  • Has good customer reviews. As of December 2020, Sovereign Lending Group has a solid 4.73/5 rating on SocialSurvey, with customers saying they were happy with the service they received.
  • Has a wide range of loan programs. The company has a wide range of mortgage options for both existing and first-time homebuyers.
  • Easy-to-use website. Unlike other lenders, the Sovereign Lending Group website is clear and straightforward to navigate.
  • No online preapproval. Sovereign allows you to enter your data online but involves following up with a loan officer to obtain a preapproval.
  • Doesn’t disclose interest rates. The company doesn’t list its current interest rates on the website. You’ll need to contact the company for rate information.
  • Misleading statements. The BBB took action against it in 2020 for “misleading and deceptive statements and inadequate disclosures to service members, veterans and other consumers.”
Loan types Conventional, Refinance, FHA, VA, Home Equity/HELOC
Minimum credit score Conventional: 620
Minimum down payment 3%
States available Not available in: KS, MA, MO, NY, OH, WY
Fees While not listed, you’ll pay anywhere from 2% to 5% of your home’s total price in fees, including origination, application and third-party fees.

Best regional lender

First Community Credit Union

First Community Credit Union logo
Min. credit score
Min. down payment

Would you prefer to give a community lender your business? First Community Credit Union was founded in 1957 and is dedicated to helping its Oregon members with personalized service that focuses on transparency and trust.

As specialists in localized service, First Community Credit Union offers competitive mortgage rates and attentive loan officers. The good news is, nearly anyone in the state can join and apply for a home loan through First Community Credit Union, as there are minimal membership eligibility requirements.

  • Online application. First Community Credit Union allows you to apply for a loan online without having to contact a loan officer first.
  • Interest rates available. Unlike many lenders, the credit union advertises its current interest rates online.
  • Inclusive membership requirements. Any person who lives or works in any of the communities that First Community Credit Union serves can join.
  • No online information about loans. The website offers zero information about the types of loans available. However, we were told by a representative that the company offers conventional and home equity loans.
  • Does not disclose fees. First Community Credit Union doesn’t list mortgage origination fees or closing costs on its website.
  • Not available in all counties. The credit union only serves 28 out of 36 counties in Oregon.
Loan types Conventional, Home Equity/HELOC
Minimum credit score Conventional: 620
Minimum down payment 3%
States available Only available in: OR
Fees While not listed, you’ll pay anywhere from 2% to 5% of your home’s total price in fees, including origination, application and third-party fees.

Best for first-time homebuyers

CMG Financial

CMG Financial logo
Min. credit score
Min. down payment

CMG Financial was founded in 1993 and focuses on its original business model and mission of low overheads, competitive pricing and above-par service for new and existing homebuyers alike.

If you’re a first-time borrower in Oregon, CMG Financial offers several ways to apply for a home loan, including applying for a mortgage online or from the CMG Home app. No matter how you want to apply, CMG Financial is great at helping first-time homebuyers navigate through the sometimes confusing steps.

  • Apply digitally from anywhere. CMG Financial’s user-friendly online application and app can help you apply for a loan from any device.
  • Range of first-time homebuyer loans. CMG Financial offers a wide range of creative loan types for first-time homebuyers, including FHA loans, Freddie Mac Home Possible, Fannie Mae HomeReady and HomeFundIt programs.
  • User-friendly website. The company’s website is attractive and straightforward to navigate, offering a plethora of useful information and tools including calculators, free buyer guides and more.
  • Mortgage rates not listed. While comprehensive, the website doesn’t list its current mortgage rates.
  • Fees not listed. The CMG Financial website only lists general information about fees and costs.
  • No home equity loans. CMG Financial does not offer home equity loans to customers.
Loan types Conventional, Jumbo, FHA, VA, USDA, Refinance
Minimum credit score Conventional: 620
Minimum down payment 3%
States available Available in all states
Fees While not listed, borrowers can expect to pay an application fee, processing fee, underwriting fee, origination fee, rate lock and other third-party fees.

Which lender is best for me?

With so many options to choose from, finding the right mortgage lender can often feel like finding a needle in a haystack. Fortunately, it’s possible to narrow down the options so you can feel more confident that your chosen lender is a good fit for you.

We recommend:

  • Reading online reviews. Take the time to read customer reviews online, as these are often the best source of information when it comes to finding a reputable and reliable lender.
  • Investigating several lenders. Every lender is different. Shop around to compare what rates are being offered as well as costs, fees and reward points. For example, some lenders that charge lower interest may be charging higher fees and vice versa.
  • Being ready to negotiate. Before you accept a loan offer, you have the right to negotiate a lower rate or better terms. Getting preapprovals from a few lenders can give you more leverage.
  • Reading the fine print. Always read the fine print to make sure you understand the terms of your mortgage. Even an accidental late payment can lead to a lender taking action against you.

Compare mortgage lenders

Name Product Loan products offered State availability Min. credit score
(NMLS #330511)
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
Online preapproval in minutes and no origination fees with this direct lender.
(NMLS #1136)
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
Connect with vetted home loan lenders quickly through this online marketplace.
(NMLS #1121636)
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
No hidden fees, multiple loan terms, and member discounts available.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).

Compare up to 4 providers

Average rates and fees in Oregon

As of December 22, 2020, the benchmark 30-year fixed mortgage rate in the US is 2.860%, with the rate slightly lower in Oregon. According to data from the Consumer Financial Protection Bureau (CFPB), most Oregon lenders are offering interest rates at or below 2.750% as of this writing.

In addition, average mortgage closing costs in Oregon are approximately around 2% to 5% of a home’s selling price, depending on the lender. Research mortgage rates in Oregon or view average Oregon closing costs for more details on what you can expect to pay.

What about brokers?

Aside from LendingTree, our list of the top lenders in Oregon include companies that underwrite mortgage loans directly. But not everyone wants to take the time to research each lender in depth. If you fall into that category, you can work with a mortgage broker who can research loans on your behalf.

Know that while most mortgage brokers have their clients’ best interests at heart, others may charge unnecessary fees. So, take the time to check out different mortgage brokers, read their online reviews and make sure they’re going to work hard for you to achieve your homeownership goals.

Bottom line

When it comes to a home loan, there’s no one-size-fits-all approach. From first-time homebuyers to experienced investors looking to fix and flip, there are many types of mortgage needs and uses. While these nine Oregon lenders cover a lot of different buying situations, you may want to compare even more lenders to make sure you’ve found the perfect match.

Home loans ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top home loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, product selection and borrower experience.

Read the full methodology of how we rate home loan providers.

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