Find the Best Mortgage Lenders in Portland, OR
Mortgages allow people to become homeowners without having the full value of the property in cash. When choosing a mortgage company, you need to understand your loan options and the best ways to save money in the long run. We compiled this mortgage guide along with a list of the best lenders in Portland to help.
Top 15 Portland Mortgage Companies | ||||||
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Available in 20149
| Rocket Mortgage | Online mortgage company available in all 50 states. Provides multiple mortgage options and refinancing programs. Part of the Quicken Loans family. 24/7 online services and learning center. No in-person assistance. | ![]() | Learn More | ||
Available in 20149
| AmeriSave Mortgage | Offers home loans with an easy online approval process. Custom quotes with no obligations to purchase or refinance. Provides conventional, jumbo, FHA, VA and USDA loans. No origination fees. | ![]() | Learn More | ||
Available in 20149
| Quicken Loans | Offers conventional mortgages and FHA, VA and jumbo loans. Refinancing options available to lower payments, change terms or take cash out. Fast online application through Rocket Mortgage. Closing costs of 3% to 6%. | ![]() | Learn More Call Now Toll Free (800) 940-2133 | ||
Available in 20149
| First Internet Bank | Online full-service bank. Personal and business products. Fixed, ARM, jumbo, FHA, VA and home equity mortgages. No physical branches. Mobile banking through app. Free ATM card with most accounts. | ![]() | Get a Quote Call Now Toll Free (855) 767-2424 | ||
Available in 20149
| Mr. Cooper | Provides new home loans and mortgage refinancing. Offers competitive interest rates. Award-winning mobile app. Online loan tracking. Guarantees closing date or the company makes your first mortgage payment. Rewards program. | ![]() | |||
Available in 20149
| North American Savings Bank | Offers mortgages, refinancing, emergency loans and more. Special services for veterans. Multiple locations across the Kansas City, Missouri, area. Online services available nationwide. Online mortgage rate calculator. | ![]() | Learn More Call Now Toll Free (844) 489-1676 | ||
Available in 20149
| ClearPath Lending | Nationwide mortgage lender based in California. Offers VA, FHA, conventional and jumbo loans in almost every state. Specializes in fixed-rate and adjustable-rate loans and guarantees low prices. Prequalifications in 15 minutes. | ![]() | |||
Available in 20149
| Vanderbilt Mortgage | Provides mortgage financing for manufactured, mobile and modular homes. Mortgages include conventional, FHA, biweekly and land loans. Programs for low credit scores. Closing fees usually from 3% to 5%. Online mortgage calculator. | ![]() | |||
BOK Financial Mortgage | Offers home loans, mortgage refinancing and home equity loans with competitive rates and flexible plans. Online application. Prioritizes one-on-one customer support. Diverse mortgage products. Lenient down payment requirements. | ![]() | Chat with a ConsumerAffairs decision guide Live agent | |||
Directors Mortgage | Read Author Review | Offers a variety of mortgage types, including conventional, FHA, VA, USDA, jumbo, construction and relocation loans. Refinancing options. Strives to get loan documents to escrow eight days before closing. | ![]() | Chat with a ConsumerAffairs decision guide Live agent | ||
Mortgage Monkey | Read Author Review | Specializes in serving the LGBTQ community in Portland. Provides VA loans and FHA mortgages. Licensed in Oregon, Washington, California and Arizona. Available 24/7. | ![]() | Chat with a ConsumerAffairs decision guide Live agent | ||
NW Premier Mortgage Inc. | Read Author Review | Offers paperless loan processing and prequalification. Serves customers in Oregon and Washington. Acts as an independent mortgage broker with access to a variety of loan rates and programs. | ![]() | Chat with a ConsumerAffairs decision guide Live agent | ||
PDX Home Loan | Read Author Review | Offers home purchasing, refinancing and real estate review options. Closes within 30 days. Provides monthly updates and annual plan adjustments. | ![]() | Chat with a ConsumerAffairs decision guide Live agent | ||
Peak Mortgage | Read Author Review | Offers a selection of mortgages, including FHA, jumbo, construction, reverse mortgage, USDA, VA and fixed-rate loans. A subsidiary of Finance of America. Available in Oregon, Washington, California and Hawaii. | ![]() | Chat with a ConsumerAffairs decision guide Live agent | ||
Swanson Home Loans | Read Author Review | Offers an online application process for customers in Oregon, Washington and Idaho. Responds to inquiries within 24 to 48 hours. Acts as a mortgage broker and a mortgage banker. | ![]() | Chat with a ConsumerAffairs decision guide Live agent |

Portland real estate trends
The median price of homes in Portland is roughly $450,000, and sale prices mostly range around $120,000 on the low end to more than $1 million on the high end. Portland home prices are some of the most expensive in Oregon and among the highest in the U.S.
Location | Median home cost |
---|---|
Portland Heights | $1,053,952 |
Beaumont-Wilshire | $726,452 |
Laurelhurst | $755,713 |
Irvington | $804,578 |
Piedmont | $519,897 |
Mortgage rates in Portland, OR
Mortgage rates fluctuate, so it’s best to check the Consumer Finance Protection Bureau for up-to-date numbers. Once you have an interest rate, you can figure out how much house you can afford using our mortgage calculator.
Finding a Portland home loan
Because Portland home prices are usually higher than the rest of the U.S., residents frequently utilize nonconforming loans like jumbo mortgages. However, Portland is also full of young, educated people looking to build their careers and buy a starter home. Lower-limit conforming loans serve this community better, especially first-time homebuyers. The type of loan you need is often affected by where you live.
- Garden Home: This neighborhood is a good place for those seeking walkability and low crime rates. The median home price in this neighborhood is $449,545, which is low enough that residents may find government-backed loans helpful thanks to their flexibility, low down payments and relaxed credit requirements.
- Hawthorne: This neighborhood has several walkable areas and bike paths. The median home price here is $542,988, which is above the federal conforming loan limit. Residents here must use conventional mortgages instead of government-backed loans to buy or refinance their homes.
- Portland Heights: This upscale neighborhood has many high-end homes with a median price of $1,053,952, which is well above the federal conforming loan limit. People looking to buy or refinance here usually get jumbo loans because of their higher maximum amounts.
Portland federal mortgage requirements
The federal government has a few requirements for a Federal Housing Administration (FHA) loan from an approved lender:
- A mortgage insurance premium (MIP) policy
- The intention to use the home purchased as the purchaser’s primary residence
- A debt-to-income ratio of below 43%
- A FICO score from 500 to 579 with at least 10% for a down payment or a FICO score higher than 580 with at least 3.5% for a down payment
- Proof of steady income
Choosing a mortgage lender in Portland, OR
Consumers should evaluate mortgage lenders in Portland based on their:
- Available services
- Mortgage rates
- Location (local, national or online)
- Customer service
- Customer reviews
Many lenders participate in certification programs or mortgage associations, such as the National Association of Mortgage Brokers (NAMB). NAMB establishes a code of ethics for mortgage brokers in the United States, and membership demonstrates a level of professionalism, credibility and knowledge.
Reading online reviews and getting recommendations from friends and family helps give you a realistic look at the company. Once you’ve identified several viable lenders, apply for preapproval and see what interest rates you get. Based on all of the information you’ve gathered, you can then make an informed decision and proceed with the mortgage application process.
Portland home loan FAQ
- What’s a good interest rate in Oregon?
- Average interest rates in Oregon can be between 3.4% and 3.9%, so anything below this range is a good mortgage rate.
- How quickly can you get a mortgage offer in Portland?
- Many companies on our list offer online loan application processes, and some state that it reviews your submitted information within 24 to 48 hours. The overall process from application to close varies in length but averages about 45 days.
- What credit score do you need to get a mortgage in Oregon?
- The credit score you need to get a mortgage in Oregon varies based on the type of loan. As a rule of thumb, you should have a credit score of at least 620 to get a mortgage in Oregon.
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Portland mortgage company information

PDX Home Loan offers loans for people looking to purchase, refinance or review real estate. The company’s loan products include a Mortgage Adoption Program, Fannie Mae Homestyle Mortgage, VA loans, USDA loan, FHA loans and conventional loans. PDX begins its services with a strategy call to determine the right option for you.
- Address: 4640 SW Macadam Ave., Ste. 90, Portland, OR 97239
- Phone: (503) 445-6033
- Hours: M - F: 8am - 5pm
- Website: pdxhomeloan.com

Mortgage Monkey has been offering personable service in Portland for over 20 years. The lender helps customers with buying or refinancing their homes, and it can even assist people with poor credit. The company offers VA loans, FHA loans and options to consolidate debt.
- Address: 3636 NE Broadway St., Portland, OR 97232
- Phone: (503) 807-3925
- Hours: M - F: 9am - 6pm
- Website: mortgagemonkey.com

Swan Home Loans provides mortgages for people living in Oregon, Washington and Idaho. The company acts as a mortgage broker and a mortgage banker. Swanson provides most of its services on its website, including an online mortgage application.
- Address: 9755 SW Barnes Road, Ste. 470 B, Portland, OR 97225
- Phone: (503) 488-1808
- Hours: M - F: 8am - 5pm
- Website: swansonhomeloans.com

Directors Mortgage offers most common mortgages, including conventional, FHA, VA and refinancing loans. Its stated goal is customer satisfaction and getting loan documents to escrow eight days before closing. The company also offers online resources, including a mortgage calculator and loan checklist.
- Address: 3636 NE Broadway St., Portland, OR 97232
- Phone: (503) 894-5570
- Hours: M - F: 9am - 5pm
- Website: directorsmortgage.com

Peak Mortgage helps clients in Oregon, Washington, California and Hawaii. It offers a variety of online resources, including a mortgage calculator, affordability calculator and debt-to-income ratio calculator. Peak Mortgage is a subsidiary of Finance of America, which gives the company access to industry-leading loan products.
- Address: 4815 NE Fremont St., Portland, OR 97213
- Phone: (503) 546-0460
- Hours: M - F: 8:30am - 5pm
- Website: peakmtg.com

NW Premier Mortgage Inc. exclusively serves people in Oregon and Washington. This lender offers an online loan and prequalification process, and, as an independent mortgage broker, it can accurately help you decide what options are right for you.
- Address: 2154 NE Broadway St., Ste. 120, Portland, OR 97232
- Phone: (503) 972-4900
- Hours: M - F: 9am - 5pm
- Website: nwpremier.org

Sandi Pope previously worked in the nonprofit sector as an advocate for environmental and social change and believes information access is a human right. As a member of the ConsumerAffairs Research Team, she seeks to provide consumers with the necessary information needed in making life-altering decisions.
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