Oregon Home Loans
Ready to take your first step on the housing ladder in the Beaver State?
Finding affordable home loans in Oregon is far from straightforward within today’s volatile real estate market. Capstone Direct can help you obtain Oregon mortgage loans by examining your circumstances and the home loans you could be eligible for.
Secure the lowest rates on home loans by comparing options in three minutes or less with Capstone Direct.
Finance Your Home in Oregon
Concern over housing affordability in Oregon may make you believe owning your own home is impossible. At Capstone Direct, we believe everyone has the right to homeownership.
Today, the median housing price in Oregon is $512,000, with massive variations across different counties. However, through our partnerships with mortgage companies in Oregon, we provide access to the best possible rates on mortgages wherever you want to buy.
Where you buy will determine which Oregon home loans are suitable for you. Like most states, Oregon sees some of the most considerable variations between counties. For example, median house prices in Wheeler County are just $167,000, whereas Hood River County sees a median real estate price of $965,000.
We can provide assistance and advice on finding the right home loan for you based on the county you have your eye on.
Oregon’s real estate market is rapidly cooling after the pandemic boom. We are seeing a cooler market within today’s listing prices. For example, Deschutes County has seen a drop from a median listing price of $777,000 in May 2022 to a median listing price of $707,000 in August 2022.
Now is an opportunity to make your dreams of homeownership a reality. Let Capstone Direct guide you through getting approved for an affordable home loan.
Types of Oregon Home Loans
What are the best home loans in Oregon?
The right type of financing depends on where you want to buy, what you want to buy, and your circumstances. Capstone Direct lets you evaluate your options in minutes to determine which mortgage lender in Oregon offers you the most competitive rates.
Conventional Loans
Your conventional Oregon mortgage is a type of home loan guaranteed by the federal government and complies with Fannie Mae and Freddie Mac standards. Your conventional mortgage could require a down payment of as little as 3% for low-income and first-time buyers.
Get lower down payments and limited insurance premiums; if you put down 20%, you could avoid taking out mortgage insurance entirely. Check your eligibility today with Capstone Direct.
VA Loans
Veterans, active service members, and surviving spouses can take advantage of VA Oregon home loans. These loans are run by the U.S. Department of Veterans Affairs and come with lower-than-average interest rates, no mortgage insurance, and no money down.
To qualify for the very best VA rates, you only need a credit score of 640 or higher.
FHA Loans
Take advantage of the Federal Housing Administration’s mortgage problem to secure your dream home as a first-time buyer.
Put down as little as 3.5% with a credit score of 580 or higher. Got a lower credit score? With a credit score of 500, you need to put down just 10%.
Be aware FHA loans all require mortgage insurance for the duration of the loan.
USDA Loans
Moving to an eligible suburban or rural area of Oregon could qualify you for a loan through the USDA Rural Development Guaranteed Housing Loan Program.
If your income makes you a suitable candidate for a home within your chosen region, you could get approved for a mortgage with a 0% down payment and a low credit score. Applicants with a credit rating of 640 are eligible for streamlined processing.
Jumbo Loans
Jumbo loans are Oregon home finance when a conventional mortgage just won’t do. If you need more than $647,200 in financing to purchase your home, jumbo loans are the only financial products that can service the needs of these buyers.
Be prepared to put down 10% to 20% of the home’s total value to qualify. Also, expect higher interest rates and additional fees on closing your home loan.
Get in touch with Capstone Direct for more information on jumbo loans.
OHCS Home Loan Assistance
Homebuyers who are already residents of the Beaver State can take advantage of Rate Advantage and Cash Advantage loans. These below-average interest mortgages are ideal for first-time buyers who need help purchasing their first homes.
Get down payment assistance grants worth $15,000, 3% closing cost assistance grants, and below-average interest rates on your home.
Talk to us about your eligibility for an OHCS home loan today.
Why Capstone Direct?
Your mortgage in Oregon could be just days away. Initiate the process by comparing rates from some of the top lenders in the state and checking whether you qualify.
At Capstone Direct, we’re proud to support ordinary people in finding their forever homes. Through our R.I.S.E philosophy, we go above and beyond our competitors in every aspect.
- Relationships – We cultivate robust, long-term relationships with vendors, business partners, and clients. Our reputation for trust and reliability ensures we can always provide a five-star service.
- Integrity – Honesty, transparency, and integrity are at the heart of our operations. We’re determined to give you peace of mind when working with Capstone Direct.
- Service – Get unbeatable service when searching for American home loans in Oregon. We fight to provide a seamless framework for comparing, applying for, and securing cost-effective home loans in record time.
- Expertise – We are the Oregon home loans experts. Our team consists of professionals from the local area with a broad knowledge of the contemporary housing and mortgage markets. We provide advice you can rely on to make the right decisions for you and your family.
Compare Oregon home loans in three minutes or less with our simplified approach to the crowded home financing market.
Speak to one of our real estate experts on your mortgage options and what you should do next to save money and purchase your home. Contact Capstone Direct for more information on your home loan options today.