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Read about all the benefits
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Perks
Free refinance for 3 years
Refinance with no closing costs
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Zero costs options, what it means
Realtor credits
Get .5% towards your closing costs
18 Day closing
2X more likely to get your offer accepted
Price match guarantee
We beat competitors’ rates by .125% or more
Rate defense
Never miss out on rates dropping
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Home Loans: Oregon

Have you always dreamed of owning a home in Oregon? You can have a place to call your own while investing in the future through home equity. Contact us to access the best home loans — Oregon home purchases can pay off in more ways than one.
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Oregon house prices are significantly higher than the 2023 national average of $431,000. Luckily, a home loan allows you to divide your loan amount over 15, 20, or 30 years into more affordable payments. The size of your monthly payments depends on many factors, including the total loan amount, interest rates, term length, closing costs, and mortgage insurance.

Fund Your Oregon Home With a Home Loan

Home loans are the easiest way to achieve homeownership in Oregon. Mortgage loans are available in various types, and choosing the right one can help you enjoy the many benefits of homeownership. Work with District Lending to fund the purchase of your dream home.

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Home loans Oregon

Home Loan Factors

There are several home loan factors you need to consider when buying a home in Oregon. We'll help you make the best of down payment assistance and other useful programs.
  • Credit Score

    The higher your credit score, the better your chance of qualifying and getting good terms for your desired loan amount. The average Oregonian has a credit score of 732, 18 points above the US average and enough to qualify for most mortgages.

    In reality, many people have lower scores than that, but this doesn’t mean they cannot get a mortgage. Conventional mortgages in the Beaver State usually require a score of 620 or above. Jumbo loans (with a loan amount exceeding standard requirements) require a higher score, usually above 700. Government-backed loans are easier to qualify for, typically requiring a score above 500.

  • Financial Situation

    A key parameter lenders use to assess your financial health is your debt-to-income (DTI) ratio. Conventional loans require low DTI, with the percentage depending on the lender. On the other hand, people with higher debt levels may need to look into a government home loan program.

  • Down Payment

    Many homebuyers think they have to save up for a down payment of at least 20% to buy a home. However, the payment required is often much lower, and some programs and lenders let you get a loan amount equal to or exceeding 100% of the purchase price.

    But at the same time, if you have more savings, you can get a bigger loan amount, better rates, and overall better terms. However, the state of Oregon has a way to help. An Individual Developer Account (IDA) provides consumer education and contribution matching.

  • Mortgage Insurance

    There are two types of mortgage insurance: private mortgage insurance (PMI) and mortgage insurance premium (MIP). If your down payment on a home loan is less than 20% of the purchase price, you will have to pay PMI. The bigger the down payment, the cheaper the insurance. FHA home loans require paying for an upfront mortgage insurance premium, while USDA loans have an annual guarantee fee instead.

  • Being a First-time Buyer

    If you’re a first-time buyer, your mortgage will typically be more affordable than a second home or an investment property mortgage. Buying a home that will be your first and primary residence is generally considered a lower-risk investment for lenders.

  • Loan Program Eligibility

    If you’re eligible for a government home loan, you may save money on your mortgage. The requirements are usually more lenient, and annual percentage rates are lower. Here are some loan programs available to Oregonians:

    • FHA Loans: FHA-backed mortgages allow lower down payments and lower credit scores.

    • FHA 203(k) or Rehab Loans: Oregon Rehab loans let you purchase (or refinance) and renovate a property with a single mortgage.

    • USDA Loans: USDA loans focus on helping low-income households in rural areas. A USDA mortgage loan has a very low annual percentage rate, which may be as low as 1%. It’s a fixed-rate mortgage with terms that may exceed 30 years.

    • OHCS Flex Lending Programs paired with DPA: A home loan program offering fixed-term, first-time buyer mortgage loans with down payment assistance. Borrowers can combine them with a second mortgage, which is either a silent forgivable second lien or an amortizing repayable second lien.

  • Military Status

    VA loans are available to veterans, active-duty members, and military spouses. VA home loans have lower interest rates, flexible credit requirements, and capped closing fees but don’t require PMI or a down payment.

Why Choose District Lending for Your Next Home Loan

District Lending makes the home-buying process more accessible to Oregon buyers. A friendly, knowledgeable mortgage loan officer will work with you through the process. Whether you have questions about down payment requirements or how to shop for the best annual percentage rate, our lenders are ready to assist.

  • Down Payment Assistance

    The down payment requirement can be challenging for a first-time homebuyer. District Lending has extensive experience with DPA programs, and we will help you find the right one quickly so you can move into your dream home sooner.

  • Included Closing Costs

    The payment required at close can be a significant setback for borrowers, so we provide the option of rolling this into your overall mortgage, allowing you to pay over time.

  • Numerous Types of Home Loans

    District Lending is proud to offer a wide range of home loans. Whether you choose FHA, VA, conventional, or jumbo mortgage loans, our loan officers will help you explore your eligibility for the best mortgage rates.

  • Free Quote With No Impact on Your Credit Score

    How big of a home loan, and what mortgage rates can you get? District Lending can answer your questions by offering you a free mortgage quote without any commitments. Even better, the free quote doesn’t require a credit check, so you can avoid the inquiry until you’re ready to begin shopping for your next home.

  • Refinancing Loans

    Refinancing means replacing your original home loan with a new loan to reduce your monthly payment requirement, get more competitive rates, extend or shorten your term, or access home equity. Not sure if it’s time to refinance? District Lending can help with all your refinancing needs.

  • Competitive Rates

    Your interest rate significantly affects your payment requirement, so we want to ensure you get the best home loan deal. We’ll work with you to find the best mortgage rates for fixed-rate and adjustable-rate mortgages and send you notifications each time interest rates drop.

  • Working With a Personal Mortgage Loan Officer

    District Lending offers a more personal approach to mortgage loans. Most clients work with the same mortgage loan officer throughout the entire process. Whether you have questions about improving your credit score for the most competitive rates or avoiding the cost of mortgage insurance, we’re here for you.

  • Online Pre-Approval

    A pre-approval can help you purchase the home of your dreams by showing sellers that you’re ready to buy and can get the necessary home loan. With District Lending, you can finish the whole process online and save your energy for home hunting.

  • Loan Calculator

    With our online loan calculator, you can determine your possible mortgage payment and the home you can afford. There are also advanced options, including factors such as your preferred county.

Choose District Lending for Your Oregon Home

A quick phone call with a District Lending mortgage loan officer is the first step toward homeownership. We’ll assist you with down payment assistance programs, closing fees, finding the best mortgage interest rates, different options for home loans, and ways to get better terms.

Contact one of our expert team members and let us help you achieve your dream.

Couple buying a home

Cities We Service In Oregon

We provide services all over Oregon, including the following cities:

  • Tucson
  • Phoenix
  • Tucson
  • Scottsdale
  • Scottsdale
  • Sedona
  • Sedona
  • Portland
  • Salem
  • Eugene
  • Bend

Know exactly what to expect from your loan

Get a free loan quote today and leave the guesswork behind.
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  • No documents required.
  • No commitment.
  • No fine print.
Get your free loan quoteGet your free loan quote
Buy
Home Purchase
Why District
Read about all the benefits
Process overview
Simplified and easy to understand
Apply now
Start your application
Get a quote
See your rate with no commitment
Perks
Free refinance for 3 years
Refinance with no closing costs
No closing costs
Zero costs options, what it means
Realtor credits
Get .5% towards your closing costs
18 Day closing
2X more likely to get your offer accepted
Price match guarantee
We beat competitors’ rates by .125% or more
Rate defense
Never miss out on rates dropping
Refinance
Rates
About
Reviews
Hear from our customers
Contact
Answers within 2 business hours
Meet the crew
Our experts, mission, and values
Careers
Join us in making a difference
Learn
Blog
Our knowledge at your convenience
Mortgage secrets
Short videos with tips&tricks
Video library
A short description can be here
Calculator
Calculate your mortgage payment
Apply nowGet a quote