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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 11 Portland Mortgage Companies

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AmeriSave Mortgage
Read 3,568 Reviews

Offers affordable mortgages through its easy online approval process. Custom quotes include no obligations, no commitments and no hidden fees. Provides a wide variety of loan types, including conventional, jumbo, FHA, VA and USDA.

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Mr. Cooper
Read 9,523 Reviews

Provides new home loans and mortgage refinancing. Offers competitive interest rates. Award-winning mobile app. Online loan tracking. Guarantees closing date or the company will pay your first mortgage payment.

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ClearPath Lending
Read 996 Reviews

Nationwide mortgage lender based in California. Offers lending and refinancing services in almost every state. Specializes in fixed-rate and adjustable-rate loans and guarantees the best pricing for your loan.

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Vanderbilt Mortgage
Read 2,044 Reviews

Provides mortgage financing for manufactured, mobile and modular homes. Offers several types of mortgages, including conventional, FHA, biweekly, land and more. Programs for lower credit scores available.

BOK Financial Mortgage
Read 1,710 Reviews

Offers home loans, mortgage refinancing and home equity loans with competitive rates and flexible plans. Has an online application option but prioritizes one-on-one customer support from its bankers. Diverse mortgage products.

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.

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.

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.

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.

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.

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.

portland skyline

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.

Not sure how to choose?

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    Portland mortgage company information

    PDX Home Loan

    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:
    Mortgage Monkey

    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:
    Swanson Home Loans

    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:
    Directors Mortgage

    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:
    Peak Mortgage

    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:
    NW Premier Mortgage Inc.

    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:
    by Sandi Pope ConsumerAffairs Research Team

    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.