Eugene, OR Mortgage Rates

Your Best Rates Here

$ 1,997
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
$ 2,027
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
$ 2,057
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
$ 2,087
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
$ 2,117
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
$ 2,147
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
$ 2,178
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
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Whether you’re buying a home or ready to refinance, our professionals can help.

Eugene Mortgage Rates

The real estate market in the city of Eugene, OR, has grown considerably in recent years. This is reflected in the median home value of the city. Currently, Eugene boasts a median home value which is around $447,570. Eugene is classified as a hot market, as of January 2022, and this means that buyers can expect that their purchase will function well as an investment. If you buy a property now in Eugene, you can reasonably expect this property to increase in value in the foreseeable future.

The benefits of a Eugene home go beyond the potential gains of the real estate market. The city of Eugene has plenty of eye-catching scenery, including parts of Fern Ridge Lake, Hendricks Park, South Ridge City Park, and the Willamette River. What’s more, Eugene has lots of desirable neighborhoods featuring low crime and attractive homes. There are neighborhoods such as Fox Hollow, South Hill, Fairmont, Laurel Hill, Whiteaker, and Harlow. These are just a few of the great neighborhoods Eugene has to offer.

Understanding Your Quote and Percentage Rate

Your rate quote is based on a variety of factors (including your credit score, down payment, and purchase price) and delivers the most accurate results possible based on your inputs.

  • Detailed costs breakdown: Click on the “view” tab under “details” to see an itemized list of all estimated costs.
  • Rate & APR: Your rate is the anticipated interest rate. The APR is the total cost of your loan, expressed as an annual percentage rate.
  • Origination charges: Sammamish Mortgage doesn’t charge industry-standard lender fees, so the amount for “origination fee” will typically be zero.
  • Discount points: You can buy “points” by paying an amount for each point equal to 1% of the purchase price, and lower your interest rate by up to a quarter of a percent for each point purchased.
  • Monthly mortgage payment: This includes the principal and interest included in your base monthly payment.
  • Estimated third-party charges: This includes the wide range of fees included in your closing costs.
  • Closing costs: The closing cost total listed includes everything except prepaid items such as property taxes, homeowner’s insurance, and daily interest.
  • Private mortgage insurance premiums: PMI is required on loan to value (LTV) ratios over 80% (except on VA loans). We offer reduced PMI options with as little as 3% down.
  • Rate locks: We can lock your rate from 30 up to 180 days.

Why Sammamish?

One of the big advantages of applying for mortgage rate quotes and preapproval through Sammamish Mortgage is that we charge none of the traditional lender fees added by mortgage brokers.

We also pay our Loan Officers a salary instead of a commission based on the loan amount, so they are motivated to help you find the best home loan, not just sell you the biggest loan. If you are ready to move forward, you can view rates, obtain a customized quote using our Instant Rate Quote tool, or apply for preapproval directly from our website.

Rates Depend on Multiple Factors

Sammamish Mortgage makes use of an innovative software platform that provides you with an instant rate quote. The system does this by comparing multiple lenders and investors from across the US, providing real-time results. All you need to do to get your rate quote is to input a few pieces of information, and within seconds, you’ll receive an accurate breakdown of the interest rates and costs available for you. You won’t have to supply any personal information to obtain this data, either. The mortgage experts at Sammamish Mortgage always work to ensure that the best interests of our clients are always met.

Loan Purpose

The term “loan purpose” is used in the mortgage industry in the US to describe the reason why an applicant is looking to apply for a loan. The lender will use the purpose of the loan to make decisions on the risk level of the borrower. The loan purpose could also affect the interest rate offered by the lender. The most common examples include purchase, rate/term refinance (no cash-out refinance) and cash-out refinance.

Down Payment

The down payment refers to the equity amount that the buyer puts towards the purchase price of a home. For instance, a home being purchased for $500,000 with a $100,000 down payment means the buyer will have 20% equity in the new home. In general a larger down payment results in better rates and closing costs for your loan. Down payments below 20% usually require some form of mortgage insurance which would be an added cost to you. The exception is for VA financing.

Loan Amount

This term refers to the amount that the borrower must pay back to the lender as stipulated in the loan contract. The loan amount is one of the main factors in determining what rate and loan program you’ll be eligible for. For the most common loan programs such as conforming or FHA financing there are loan limits. Anything above those limits results in a borrower being ineligible for that program and subject to different rates and fees. In general VA loans have the best terms followed by conforming loans and select jumbo loans for really qualified borrowers or high net worth clients.

Credit Score

A credit score is a numerical figure that expresses the creditworthiness of a consumer. A higher credit score is better when it comes to taking out a loan, as it reduces the lender’s risk when loaning out funds. A credit score is affected by repayment history, number and age of open accounts, total debt levels, and credit utilization. Credit is a key deciding factor in determining what rates and costs you’re eligible for. High credit scores over 740 will get you the best rates available. Adjustments to the terms available for most loan programs occur in 20 point increments. For example the second best credit score range would be 720-739, then 700-719 and so on.  Once your scores drop below 640 the programs you will qualify for will be severely limited.

Purchase Price

The purchase price refers to the price that a buyer pays for a property.

Property Type

Property type refers to the characteristics and configuration of a dwelling. For instance, detached homes, townhomes, and condos are all examples of different property types. Single Family Home will have the best terms when compared to other property types. Provided you put down more than 25% condos will be second best followed by multi-family 1-4 units. Properties like co-ops and manufactured homes will usually have higher rates and it will be more difficult to find lenders that will accept those property types.


Occupancy refers to the status of the people living in a home. For example, a home may be occupied by the owners, or by tenants who pay the owner rent in exchange for the right to live in the home. Owner Occupied homes will have the best rates followed by second homes (vacation homes that are not rented) and investment properties which include any property that does not fit the classification of a primary residence or second home. This includes rental properties, homes a family member occupies for free or a speculative property that is vacant.

Loan Program

A loan program or loan type refers to the type of loan being taken out to finance the purchase of a property. In the US, common mortgage loan programs include fixed-rate mortgages, variable-rate mortgages, conforming loans, FHA loans, and VA loans. Fixed-rate loans can come with different terms such as a 30 year fixed, 20 year or 15 year fixed. ARM’s or adjustable rate mortgages are usually fixed for a specified period of time and then adjust annually after the initial fixed rate period.

Rate quote isn’t what you expected?

If your instant rate quote isn’t what you expected, we can provide counsel on how to potentially transform your quote into something more acceptable. Sammamish Mortgage is a family-owned mortgage company with over 25 years of experience in the industry. We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR and CO. If you’re looking to buy a home in one of these states, we can help!

Our Reviews

Ganesh Kumar
May 22, 2022
Very glad to have found this lender. The responses were quick and communication was excellent throughout. Everything happened through email which made it less stressful but they were available for call as needed. What happens next section in emails were helpful and kept me informed of next steps to better prepare for it. Glad that we were ahead of timeline throughout. Will recommend working with Sandra and Janas teams.
Kelly Gitt
May 17, 2022
I can't begin to thank Sammamish Mortgage, specifically Ryan and Karen (my loan processor) for all of their help in making this process stress-free and fast. Ryan did a great job of explaining everything, and Karen walked me through every step of the process. I highly recommend them to anyone who is buying a home and looking for a high-quality mortgage company. You won't be sorry!
Troy Smith
May 16, 2022
The experience was wonderful end-to-end, and we felt supported throughout the entire process. The advice given was invaluable in helping us to be comfortable when going about this major life decision of buying a home. The entire team was patient and responsive towards all the question we had, no matter how minor they might have ended up being. Sammamish Mortgage is the place I will be recommending to anyone I care about (and even people I do not care as much about if I felt like being nice) looking for mortage support.
Nikki Schuster
May 14, 2022
Our experience was fantastic. Everyone we worked with responded quickly and knew the answers to our questions. They made a traditionally stressful process, relaxing and easy. Thank you to our Sammamish Mortgage team!
Van Leang
May 5, 2022
I narrowed down my choice to 2 lenders and ended up going with Sammamish because their rates and fees were transparent. Other lenders quotes higher rates and lowered then once I told them I found a lower rate. Sammamish quoted the lower rate right off the bat. I was prequalified through both lenders and once I chose Sammamish, they got my file to underwriting in 2 days and underwriting approved in 3 days. We got clear to close in 2 weeks. Nick is great and knowledge. I highly recommend this team.
Andrea W
May 5, 2022
Couldnt be happier! This is our 3rd transaction this last year and Im go grateful for true professional service! Trevor and Suzanne are the best!
Mark Leveck
April 28, 2022
Shane is one of the best mortgage brokers in the PNW. Super easy to work with, transparent on costs and closes on time 100% of the time. I've done at least 10 deals with him and all have close smoothly.

Sammamish Mortgage Can Help You with a Rate Quote

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We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR and CO. If you’re looking to buy a home in one of these states, we can help!

  • Sammamish Mortgage No Cost Program
  • Live Real-Time Custom Rates and Costs
  • Low Mortgage Rate Quotes and Fees
  • Detailed Cost Breakdown
  • On Time Closing
  • Transparency In All We Do
  • Unparalleled Reputation
  • Communication Is Key
  • Reduced Monthly PMI
  • Fast Appraisals
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