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Initial rates displayed are based on a $200,000 loan for a purchase or refinance transaction of an owner occupied, single-family residence with 62.5% LTV and 740 credit score and no cash out. By adjusting these assumptions you can update the type of loan, property, credit rating, and down payment that you are looking for. The rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the HSH quotes. Annual percentage rate in ARM products may increase after the loan is closed. More Info. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Oregon Mortgage Rates

Comparing Oregon Mortgage Rates with National Rates

In order to help you see how Oregon mortgage rates compare with National rates, check out the following rate table from the industry website These rates represent national averages and are based on specific loan assumptions. 

Shopping for Best Mortgage Rates in Oregon

It is important to shop around for the best terms. Make sure that you compare rates, lender fees and learn about third party fees. When comparing mortgage offers check out the term (length), interest rate (fixed vs. variable), and if applicable the cost of mortgage insurance. Get more information about mortgage rates and mortgage fees. Also, FHA loans, which always require mortgage insurance, differ from conventional loans, which require Private Mortgage Insurance (PMI) if your loan to value ratio (LTV) is over 80%.  Make sure that you use all of your costs when comparing loans.

Qualifying for a Mortgage in Oregon

In order to qualify for the best mortgage rates in Oregon it is important to have an excellent credit score. Also, you want to make sure that your debt to income ratio (DTI) and your downpayment or equity position , your loan to value ratio (LTV) are sufficient to qualify. Read this article about qualifying for a mortgage.

Mortgage Resources for Oregon

Oregon is the twenty seventh most populous US state. According to the US census, as of 2017, there is an estimated population of about 4.1 million residents, which represents 1.3% of the US population. According to Wikipedia Oregon hosts a number of major companies including Nike and Intel. In addition, there are a number of high-tech areas in the "so-called Silicon Forest".

During the 2007 housing crisis and Great recession certain areas in Oregon were hard hit, particularly the Klamath county. Based on the FHFA Refi Report May 2017, about 2.1% if all HARP loans were from Oregon and 6.6% of the loans had LTVs over 125%. In April 2013 Oregon started a pilot HARP 3 program based on Sen. Merkley’s proposal. The program helped a limited number of homebuyers, but did not take off beyond the pilot stage.

Based on 2015 HMDA data, Oregon as compared to National loan program distribution, had a higher percentage of conventional loans (81% vs 69%) and a smaller share of both FHA loans (11% vs 20%) and VA loans (5% vs 10%).

Here are some outside resources that can help you understand the Oregon mortgage environment:

  1. FHA loan amounts in Oregon: (note:set the table to Oregon) There are 36 counties in the state of Oregon of which none of the single family units meet the Highest loan limit, currently at $636,150. 64% of the counties are at the Standard loan limit, currently at $275,665. The remaining 36% are between those two limits.
  2. FHFA Conventional Loan Amounts: Check the pdf from FHFA for all states and search for Oregon and your county or check out the FHFA conforming limit map. Since the FHFA has higher base limits than the FHA, currently at $424,100, all of the counties fit this category.
  3. Oregon First Home Buyer Programs: The Oregon Housing and Community Services is Oregon's housing finance agency,and aims to help provide affordable housing for low to moderate income households. They have two loan programs, which “offers eligible borrowers a choice between cash (closing cost assistance) or our best rate. For both loan options, the eligibility and program requirements are the same.” The Cash Advantage program offers a down payment cash assistance to assist in closing costs to purchase a new home. The Rate Advantage loan offers eligible borrowers with the lowest fixed rate possible in order offer affordable payments and to maximize their home purchasing power.
  4. Many programs require a homebuyer education class. For more information regarding programs in Oregon, check out the Hud’s website. 

Mortgage Trends and Statistics for Oregon

Mortgage rates, loan amounts, LTV, (etc) vary based on areas. The FHFA provides a useful insight into differences in conventional loans. based on Metropolitan Areas.

Source of Data: FHFA Historical Table  - (TERMS ON CONVENTIONAL HOME MORTGAGES) Table V - Averages for Major Metropolitan Areas: Loans Closed

Check out some differences in One MSA area in Oregon:

  • Mortgage Rates for Conventional Loans in One MSA in Oregon
  • Mortgage Fees in One MSA in Oregon
  • Loan Amount in One MSA in Oregon
  • LTV over 90% in One MSA in Oregon


Mortgage Rates for Conventional Loans in One MSA in Oregon


Mortgage Fees in One MSA in Oregon


Loan Amount in Oregon for One MSA


LTV over 90% in One MSA in Oregon for One MSA

Recent Best
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  • 35x35
    Aug, 2014
    These rates are very helpful. I would recommend locking in long duration (30 year fixed rates) loans if you plan to live in your home for an extended period of time.
    1 Votes

  • GM
    May, 2013
    Are rates rising, and should I lock in a rate in the current low mortgage rate environment?
    2 Votes

    • BA
      May, 2013
      Mortgage rates constantly fluctuate. I recommend shopping around for a mortgage that fits your budget and has the right mix of interest rate and fees. Locking your rate is a great idea if you know the time frame that you will close the loan. Most loan offers have a 30-day lock period. If you pass the time of the lock, you may need to pay additional fees.
      3 Votes

  • NR
    Sep, 2012
    Cars and houses are quite expensive and not everybody is able to buy it. However, loans are created to support different people in such kind of situations.
    2 Votes

  • MC
    Jan, 2012
    Playa Del Rey, CA
    Are mortgage rates on HARP loans higher than on conventional loans? What about the fees? Thanks!
    0 Votes

    • BA
      Jan, 2012
      Mortgage rates and fees for HARP loans, will be similar to rates on other conventional loans. However, due to the fact that HARP loans are offered by fewer lenders, you can expect a premium on the price. Many people are restricted to going to their original lender/servicer, due to a high DTI. If that is the case the room for negotiating is low. I recommend that you shop around for the best rate. The automated underwriting systems for new lenders will be available in March 2012.
      2 Votes

  • KH
    Nov, 2011
    Palm Bay, FL
    I went through a divorce in 2005 and found out that my name was not on anything we were paying on. So even though we owned 2 homes and paid on time always, my FICO credit score right now is 530. I know this is really bad. I am in the position now to be able to put at least $20,000 down on a home listed at $87900. Do you think anyone will give me a loan with this awful credit score. I do have a steady income and very low bills. No credit cards or other debt. only utilities and rent right now. Even with my down payment is it going to be implossible to find someone to approve me for a mortgage loan?
    0 Votes

    • BA
      Nov, 2011
      I doubt you will qualify for a reasonable loan when you have, essentially, no credit history. Focus your energy on building your credit history.
      0 Votes